Company registration number 14025103 (England and Wales)
NSL NORTH WEST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NSL NORTH WEST LIMITED
CONTENTS
Page
Accountants' review report
1
Balance sheet
2
Notes to the financial statements
3 - 5
NSL NORTH WEST LIMITED
COMPANY INFORMATION
Directors
Mr A J G Niblock
Mr W P Shillcock
Mr A T Lackey
Company number
14025103
Registered office
Unit 2D Newton Court
Wavertree Technology Park
Liverpool
United Kingdom
L13 1EJ
Accountants
Fairhurst Accountants Ltd
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
NSL NORTH WEST LIMITED
INDEPENDENT ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF NSL NORTH WEST LIMITED
- 1 -

We have reviewed the financial statements of NSL North West Limited for the year ended 31 December 2025 which comprise , the balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised) 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting Practice. ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with the ISRE 2400 (Revised) is a limited assurance engagement. We have performed procedures, primarily consisting of making enquiries of management and others within the company, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company’s affairs as at 31 December 2025, and of its profit for the year then ended;

- in accordance with United Kingdom Generally Accepted Accounting Practice; and

- in accordance with the requirements of the Companies Act 2006.

Use of our report

This report is made solely to the company’s directors, as a body, in accordance with the terms of our engagement letter dated 20 March 2024. Our review work has been undertaken so that we might state to the company’s directors those matters we have agreed to state to them in a reviewer’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s directors as a body, for our review work, for this report, or for the conclusions we have formed.

Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
20 April 2026
NSL NORTH WEST LIMITED
BALANCE SHEET
As At 31 December 2025
31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Investments
3
1,995,630
1,995,630
Current assets
Cash at bank and in hand
365,117
375,286
Creditors: amounts falling due within one year
4
(520,898)
(647,536)
Net current liabilities
(155,781)
(272,250)
Total assets less current liabilities
1,839,849
1,723,380
Creditors: amounts falling due after more than one year
5
(119,405)
(239,678)
Net assets
1,720,444
1,483,702
Capital and reserves
Called up share capital
6
300
300
Profit and loss reserves
7
1,720,144
1,483,402
Total equity
1,720,444
1,483,702

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 April 2026 and are signed on its behalf by:
Mr A J G Niblock
Director
Company registration number 14025103 (England and Wales)
NSL NORTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2025
- 3 -
1
Accounting policies
Company information

NSL North West Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2D Newton Court, Wavertree Technology Park, Liverpool, United Kingdom, L13 1EJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

1.3
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable. Basic financial instruments are recognised at cost.

1.4
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.5

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

NSL NORTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,995,630
1,995,630
4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
394,189
479,116
Other creditors
126,709
168,420
520,898
647,536
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
119,405
239,678
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
300
300
300
300
NSL NORTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 December 2025
- 5 -
7
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
1,483,402
999,987
Adjusted balance
1,483,402
999,987
Profit for the year
449,982
709,105
Dividends declared and paid in the year
(213,240)
(225,690)
At the end of the year
1,720,144
1,483,402
8
Parent company

The Directors are considered to be the joint controlling party by virtue of their shares held.

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