Company No: 01794828 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Tangible assets	3	1,316		761
		1,316		761
Current assets
Stocks	4	583,265		316,908
Debtors	5	17,451		25,609
Cash at bank and in hand		17,690		22,239
		618,406		364,756
Creditors: amounts falling due within one year	6	( 348,861)		( 345,278)
Net current assets		269,545		19,478
Total assets less current liabilities		270,861		20,239
Creditors: amounts falling due after more than one year	7	( 340,968)		( 175,583)
Net liabilities		( 70,107)		( 155,344)
Capital and reserves
Called-up share capital	8	20,000		20,000
Profit and loss account		( 90,107 )		( 175,344 )
Total shareholders' deficit		( 70,107)		( 155,344)

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Nirvana Homes (UK) Limited (registered number: 01794828) were approved and authorised for issue by the Board of Directors on 04 June 2026. They were signed on its behalf by:

Mr N Petas Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Nirvana Homes (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £70,107. The Company is supported through loans from the directors and the company's bank. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the value of goods and services provided to date can be reliably measured and at the point of completion on the sale of the properties.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other
consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	Year ended 31.03.2026		Period from 01.07.2024 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 April 2025	0		3,235		3,235
Additions	1,000		0		1,000
At 31 March 2026	1,000		3,235		4,235
Accumulated depreciation
At 01 April 2025	0		2,474		2,474
Charge for the financial year	252		193		445
At 31 March 2026	252		2,667		2,919
Net book value
At 31 March 2026	748		568		1,316
At 31 March 2025	0		761		761

4. Stocks

	31.03.2026		31.03.2025
	£		£
Work in progress (secured)	583,265		316,908

5. Debtors

	31.03.2026		31.03.2025
	£		£
Corporation tax	870		870
Other debtors	16,581		24,739
	17,451		25,609

6. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Bank loans	6,000		6,180
Trade creditors	3,256		17,823
Other taxation and social security	16,992		0
Other creditors	322,613		321,275
	348,861		345,278

7. Creditors: amounts falling due after more than one year

	31.03.2026		31.03.2025
	£		£
Bank loans (secured)	340,968		175,583

The loan is secured on the land and property owned by the Company which is currently included in work in progress.

8. Called-up share capital

	31.03.2026		31.03.2025
	£		£
Allotted, called-up and fully-paid
19,850 Ordinary shares of £ 1.00 each	19,850		19,850
100 Ordinary B Redeemable shares of £ 1.00 each	100		100
50 Ordinary A Redeemable shares of £ 1.00 each	50		50
	20,000		20,000
100,000 Redeemable Preference non-cumulative redeemable shares of £ 1.00 each	100,000		100,000
	120,000		120,000

9. Ultimate controlling party

Parent Company:

Nirvana Homes (UK) Holdings Limited

Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, TQ2 7FF