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Company No: 02251403 (England and Wales)

# NIMBLE PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

NIMBLE PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

NIMBLE PROPERTIES LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
NIMBLE PROPERTIES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

Directors | L G Marks (Appointed 01 July 2024)
| A L Martin Smith (Appointed 25 January 2025)
| R G Williams (Resigned 25 January 2025)

Secretary | H G Williams

Registered office | 2nd Floor 168 Shoreditch High Street
| London
| E1 6RA
| United Kingdom

Company number | 02251403 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA

NIMBLE PROPERTIES LIMITED

## BALANCE SHEET

As at 30 June 2025
NIMBLE PROPERTIES LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 2,434,106 |  | 2,220,000
|  | 2,434,106 |  | 2,220,000
Current assets |  |  |  |
Debtors | 4 | 200,971 |  | 140,438
Cash at bank and in hand |  | 101,059 |  | 89,421
|  | 302,030 |  | 229,859
Creditors: amounts falling due within one year | 5 | ( 1,035,817) |  | ( 995,787)
Net current liabilities |  | (733,787) |  | (765,928)
Total assets less current liabilities |  | 1,700,319 |  | 1,454,072
Provision for liabilities | 6 | ( 126,173) |  | ( 72,647)
Net assets |  | 1,574,146 |  | 1,381,425
Capital and reserves |  |  |  |
Called-up share capital | 7 | 2 |  | 2
Revaluation reserve |  | 378,519 |  | 217,940
Profit and loss account |  | 1,195,625 |  | 1,163,483
Total shareholder's funds |  | 1,574,146 |  | 1,381,425

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 Nimble Properties Limited (registered number: 02251403) were approved and authorised for issue by the Board of Directors on 03 June 2026. They were signed on its behalf by:

L G Marks Director |

NIMBLE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
NIMBLE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 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 year, unless otherwise stated.

##### General information and basis of accounting

Nimble Properties 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 2nd Floor, 168 Shoreditch High Street, London, E1 6RA, United Kingdom. The company's principal place of business is 95 Dorset House, Gloucester Place, London, United Kingdom, NW1 5AF. The principal activity of the company continued to be that of property investment.
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 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 financial statements have been prepared on a going concern basis despite the company reporting net current liabilities of £733,787 (2024: £765,928). Included within the Creditors: Amounts due within one year is an amount of £875,000 (2024: £875,000) due to Cardinal Group Limited. Cardinal Group Limited has confirmed that they will not call for repayment of the above sums until the company has sufficient cash reserves to do so, without prejudice to the company's other creditors and for a period of at least twelve months from the date of approval of the financial statements.

##### Turnover

Turnover represents rents, service charges, insurance and repairs and maintenance receivable from the tenants, credit for which is taken on an accruals basis, excluding discounts, rebates, value added tax and other sales taxes.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, excluding directors | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 2,220,000
Fair value movement | 214,106
As at 30 June 2025 | 2,434,106

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 1,929,413 |  | 1,929,413

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 138,305 |  | 67,364
Prepayments | 24,191 |  | 21,584
Other debtors | 38,475 |  | 51,490
| 200,971 |  | 140,438

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 15,443 |  | 27,322
Amounts owed to Group undertakings | 905,000 |  | 905,000
Accruals and deferred income | 31,671 |  | 17,327
Taxation and social security | 44,688 |  | 7,123
Other creditors | 39,015 |  | 39,015
| 1,035,817 |  | 995,787

#### 6. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 72,647) |  | 0
Revaluation of investment property | ( 53,526) |  | ( 72,647)
At the end of financial year | ( 126,173) |  | ( 72,647)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Revaluation of investment property | ( 126,173) |  | ( 72,647)

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 8. Ultimate controlling party

The company regards Cardinal Group Limited, a company registered in England and Wales as its immediate and ultimate parent company.
The company considers its ultimate control relationship to be the directors of Cardinal Group Limited.