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Company Registration No. 10457587 (England and Wales)
Nest Egg Investments (northern) Limited Unaudited accounts for the year ended 27 November 2024
Nest Egg Investments (northern) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nest Egg Investments (northern) Limited Company Information for the year ended 27 November 2024
Directors
TERRI LEANNE KING JOHN KING
Company Number
10457587 (England and Wales)
Registered Office
6 Lancaster Road Overton Morecambe Lancashire LA3 3EZ England
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Nest Egg Investments (northern) Limited Statement of financial position as at 27 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
48,666
17,329
Investment property
5
3,918,419
3,786,864
Investments
6
1
1
3,967,086
3,804,194
Current assets
Debtors
7
30,000
103,587
Investments
8
150,000
150,000
Cash at bank and in hand
23,308
1,594
203,308
255,181
Creditors: amounts falling due within one year
9
(92,528)
(187,813)
Net current assets
110,780
67,368
Total assets less current liabilities
4,077,866
3,871,562
Creditors: amounts falling due after more than one year
10
(3,532,119)
(3,133,859)
Net assets
545,747
737,703
Capital and reserves
Called up share capital
1
1
Revaluation reserve
772,724
772,724
Profit and loss account
(226,978)
(35,022)
Shareholders' funds
545,747
737,703
For the year ending 27 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by
JOHN KING Director Company Registration No. 10457587
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Nest Egg Investments (northern) Limited Notes to the Accounts for the year ended 27 November 2024
1
Statutory information
Nest Egg Investments (northern) Limited is a private company, limited by shares, registered in England and Wales, registration number 10457587. The registered office is 6 Lancaster Road, Overton, Morecambe, Lancashire, LA3 3EZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15%
Investment property
Investment property has been arrived at on the basis of a valuation carried out at 30 November 2024 by the directors, previous professional bodies and by reference to market evidence of transaction prices for similar properties. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fixed asset investments
Investments in shares are included at fair value.
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Nest Egg Investments (northern) Limited Notes to the Accounts for the year ended 27 November 2024
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 28 November 2023
25,104
Additions
33,924
At 27 November 2024
59,028
Depreciation
At 28 November 2023
7,775
Charge for the year
2,587
At 27 November 2024
10,362
Net book value
At 27 November 2024
48,666
At 27 November 2023
17,329
5
Investment property
2024
£
Fair value at 28 November 2023
3,786,864
Additions
131,555
At 27 November 2024
3,918,419
6
Investments
Other investments
£
Valuation at 28 November 2023
1
Valuation at 27 November 2024
1
7
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
30,000
103,587
8
Investments held as current assets
2024
2023
£
£
Unlisted investments
150,000
150,000
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Nest Egg Investments (northern) Limited Notes to the Accounts for the year ended 27 November 2024
9
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
50,882
VAT
4,124
-
Trade creditors
62,037
11,071
Other creditors
-
125,860
Accruals
26,367
-
92,528
187,813
10
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
3,228,283
3,013,859
Other creditors
183,648
120,000
Loans from directors
120,188
-
3,532,119
3,133,859
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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