NES & MDD Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08388031 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

NES & MDD INVESTMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N E Stern

REGISTERED OFFICE:

19a Belfast Road

London

N16 6UN

REGISTERED NUMBER:

08388031 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

849,091

CURRENT ASSETS

Debtors

5

159,038

146,114

Cash at bank

12

506

159,050

146,620

CREDITORS

Amounts falling due within one year

6

(141,292

)

(137,226

)

NET CURRENT ASSETS

17,758

9,394

TOTAL ASSETS LESS CURRENT
LIABILITIES

866,849

858,485

CREDITORS

Amounts falling due after more than one
year

7

(662,532

)

(662,532

)

NET ASSETS

204,317

195,953

CAPITAL AND RESERVES

Called up share capital

9

1

Revaluation reserve

10

127,667

Retained earnings

10

76,649

68,285

SHAREHOLDERS' FUNDS

204,317

195,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

N E Stern - Director

1.	STATUTORY INFORMATION

NES & MDD Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

849,091

NET BOOK VALUE

At 28 February 2025

849,091

At 29 February 2024

849,091

The company's investment properties are included in the balance sheet at open market value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors

7,748

135

Other debtors

151,290

145,979

159,038

146,114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade creditors

6,547

-

Tax

9,096

7,219

Other creditors

119,262

127,607

Accrued expenses

6,387

2,400

141,292

137,226

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

29.2.24

£

Bank loans more 5 yrs non-inst

662,532

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

662,532

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

Bank loans

662,532

Long term bank loan is secured by first charge over the company's investment properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 March 2024

68,285

127,667

195,952

Profit for the year

8,364

At 28 February 2025

76,649

127,667

204,316

11.	RELATED PARTY DISCLOSURES

Other Debtors (Note 6) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

Other Creditors (Note 7) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is N E Stern.