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Registered number: 13627990
Nest Properties Investments Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Adbell Advisory Limited
Nest Properties Investments Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Nest Properties Investments Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 13627990

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 40,707 |  | 46,522
Investment Properties | 5 |  | 11,000,000 |  | 11,802,138
|  |  | 11,040,707 |  | 11,848,660
CURRENT ASSETS
Debtors | 6 | 225,788 |  | 26,708 |
Investments | 7 | - |  | 100,000 |
Cash at bank and in hand |  | 85,972 |  | 4,215 |
|  | 311,760 |  | 130,923 |
Creditors: Amounts Falling Due Within One Year | 8 | (8,912 ) |  | (45,955 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 302,848 |  | 84,968
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 11,343,555 |  | 11,933,628
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (12,539,323 ) |  | (12,319,364 )
NET LIABILITIES |  |  | (1,195,768 ) |  | (385,736 )
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Profit and Loss Account |  |  | (1,195,868 ) |  | (385,836 )
SHAREHOLDERS' FUNDS |  |  | (1,195,768) |  | (385,736)

Page 1
Page 2
Nest Properties Investments Limited
Balance Sheet (continued)
As At 30 September 2025
For the year ending 30 September 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 Naci Topcuoglu Director
22/07/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Nest Properties Investments Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Nest Properties Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13627990 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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. Going Concern Disclosure
The financial statements are prepared on the basis of the going concern, which assumes that the company will be inoperational existence for the foreseeable future. This depends upon continued support of the shareholders. The financial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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:

Fixtures & Fittings | 10%

2.5. 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.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position 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 trade and other receivables 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.
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, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
...CONTINUED
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Nest Properties Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.6. Financial Instruments - continued
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Taxation for the period 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.
2.9. Cash and cash equivalents
Cash and cash equivalents 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 current liabilities.
2.10. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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Nest Properties Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost or Valuation
As at 1 October 2024 | 58,153
As at 30 September 2025 | 58,153
Depreciation
As at 1 October 2024 | 11,631
Provided during the period | 5,815
As at 30 September 2025 | 17,446
Net Book Value
As at 30 September 2025 | 40,707
As at 1 October 2024 | 46,522

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 October 2024 | 11,802,138
Fair value adjustments | (802,138 )
As at 30 September 2025 | 11,000,000

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,500 |  | 1,500
Other debtors | 224,288 |  | 25,208
| 225,788 |  | 26,708

7. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Short term deposits | - |  | 100,000

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,826 |  | -
Other creditors | 6,086 |  | 45,955
| 8,912 |  | 45,955

Page 5
Page 6
Nest Properties Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 12,539,323 |  | 12,319,364

10. Secured Creditors
The Company has guaranteed loan from Arka Investments AG amounting to £12 million. The guarantee is secured by charges on the Company's Investment Properties.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other Creditors | 12,539,323 |  | 12,319,364

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 100 |  | 100
Amount of Allotted, Called Up Share Capital | 100 |  | 100

Allotted and issued 100 ordinary shares in £1 nominal value each.
12. Ultimate Controlling Party
The company's ultimate controlling party is Naci Topcuoglu by virtue of his ownership of 100% of the issued share capital in the company.
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