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Registered number: 12259266
Nichols Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
The Online Accountant
Nichols Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Nichols Properties Ltd
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 12259266

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 12,601 |  | 16,450
Investment Properties | 5 |  | 369,729 |  | 308,390
|  |  | 382,330 |  | 324,840
CURRENT ASSETS
Debtors | 6 | 251 |  | 254 |
Cash at bank and in hand |  | 832 |  | 1,392 |
|  | 1,083 |  | 1,646 |
Creditors: Amounts Falling Due Within One Year | 7 | (158,870 ) |  | (139,842 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (157,787 ) |  | (138,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 224,543 |  | 186,644
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (290,090 ) |  | (253,774 )
NET LIABILITIES |  |  | (65,547 ) |  | (67,130 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | (65,548 ) |  | (67,131 )
SHAREHOLDERS' FUNDS |  |  | (65,547) |  | (67,130)

Page 1
Page 2
Nichols Properties Ltd
Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Matthew Nichols Director
13/05/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Nichols Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Nichols Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12259266 . The registered office is 12 Hazel Fold, Queensbury, Bradford, West Yorkshire, United Kingdom, BD13 2FE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% Reducing Balance
Computer Equipment | 33% on cost

2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Motor Vehicles | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 November 2024 | 51,990 | - | 51,990
Additions | - | 339 | 339
As at 31 October 2025 | 51,990 | 339 | 52,329
Depreciation
As at 1 November 2024 | 35,540 | - | 35,540
Provided during the period | 4,113 | 75 | 4,188
As at 31 October 2025 | 39,653 | 75 | 39,728
Net Book Value
As at 31 October 2025 | 12,337 | 264 | 12,601
As at 1 November 2024 | 16,450 | - | 16,450

Page 3
Page 4
Nichols Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 November 2024 | 308,390
Additions | 169,662
Disposals | (108,323 )
As at 31 October 2025 | 369,729

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 251 |  | 254

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 6,040 |  | 6,040
Director's loan account | 152,830 |  | 133,802
| 158,870 |  | 139,842

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,869 |  | 14,909
Bank loans | 281,221 |  | 238,865
| 290,090 |  | 253,774

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 6,040 |  | 6,040
Later than one year and not later than five years | 8,869 |  | 14,909
| 14,909 |  | 20,949
| 14,909 |  | 20,949

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

Page 4