Company registration number 11053100 (England and Wales)
NABUCCO DUBLIN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NABUCCO DUBLIN LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
NABUCCO DUBLIN LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
€
€
€
€
Fixed assets
Investment property
5
4,075,000
4,075,000
Current assets
Debtors
6
25,819
58,909
Cash at bank and in hand
77,116
77,042
102,935
135,951
Creditors: amounts falling due within one year
7
(3,418,557)
(3,525,069)
Net current liabilities
(3,315,622)
(3,389,118)
Total assets less current liabilities
759,378
685,882
Provisions for liabilities
8
(29,476)
(29,476)
Net assets
729,902
656,406
Capital and reserves
Called up share capital
9
4
4
Other reserves
312,173
312,173
Profit and loss reserves
417,725
344,229
Total equity
729,902
656,406

For the financial year ended 30 November 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 1 July 2026 and are signed on its behalf by:
Mr A A Brainin
Director
Company registration number 11053100 (England and Wales)
NABUCCO DUBLIN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
Share capital
Other reserves
Profit and loss reserves
Total
€
€
€
€
Balance at 1 December 2023
4
312,173
247,958
560,135
Year ended 30 November 2024:
Profit for the year
-
-
96,271
96,271
Balance at 30 November 2024
4
312,173
344,229
656,406
Year ended 30 November 2025:
Profit for the year
-
-
73,496
73,496
Balance at 30 November 2025
4
312,173
417,725
729,902
NABUCCO DUBLIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Nabucco Dublin Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

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 euro, 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 investment at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover derives from rental income.

Rental income is recognised on an accruals basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss. The Gain or loss on valuation is subsequently transferred within equity to the "investment property reserve" together with the associated deferred tax.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with bank.

NABUCCO DUBLIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

NABUCCO DUBLIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.10

Investment property reserve

The investment property reserve comprises the fair value uplift on the company's investment properties net of the associated deferred tax. Any movement in the fair value of the investment properties and/or the deferred tax associated with it during the year is transferred from the profit and loss account into this reserve movement. The investment property reserve is non-distributable.

2
Employees

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

2025
2024
Number
Number
Total
4
4
3
Taxation
2025
2024
€
€
Current tax
UK corporation tax on profits for the current period
859
1,159
Foreign current tax on profits for the current period
28,341
27,557
Total current tax
29,200
28,716
Deferred tax
Adjustment in respect of prior periods
24,153
-
0
Total tax charge
53,353
28,716
NABUCCO DUBLIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
4
Tangible fixed assets
Fixtures and fittings
€
Cost
At 1 December 2024 and 30 November 2025
1,436
Depreciation and impairment
At 1 December 2024 and 30 November 2025
1,436
Carrying amount
At 30 November 2025
-
0
At 30 November 2024
-
0
5
Investment property
2025
€
Fair value
At 1 December 2024 and 30 November 2025
4,075,000

The company's investment property was subject to revaluation at open market value at the period end, carried out by the directors.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
€
€
Cost
3,885,445
3,885,445
Revaluation
189,555
189,555
Carrying amount
4,075,000
4,075,000
6
Debtors
2025
2024
Amounts falling due within one year:
€
€
Corporation tax recoverable
-
0
3,239
Other debtors
25,819
55,670
25,819
58,909
NABUCCO DUBLIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
€
€
Trade creditors
1,182
1,148
Corporation tax
1,643
-
0
Other creditors
3,415,732
3,523,921
3,418,557
3,525,069
8
Provisions for liabilities
2025
2024
€
€
Deferred tax liabilities
29,476
29,476

The deferred tax liabilities relate to the investment properties.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
€
€
Issued and fully paid
Issued & fully paid of €1 each
4
4
4
4
10
Related party transactions

At the year end, the company owed €1,679,998 (2024: €1,729,998) to a shareholder included within other creditors. No interest is chargeable on the outstanding balance.

11
Directors' transactions

At the year end, the company owed the directors €839,999 (2024: €864,999) to Mr A A Brainin and €839,999 (2024: €864,999) to Mr P P Brainin included within other creditors. No interest is chargeable on the outstanding balance.

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