Company registration number 02093336 (England and Wales)
NEFERTITI FASHIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
NEFERTITI FASHIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
NEFERTITI FASHIONS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
FIXED ASSETS
Tangible assets
3
143,696
147,121
Investment property
4
1,309,000
1,309,000
1,452,696
1,456,121
CURRENT ASSETS
Debtors
5
254,065
254,021
Cash at bank and in hand
7,943
33,055
262,008
287,076
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(328,909)
(397,842)
NET CURRENT LIABILITIES
(66,901)
(110,766)
TOTAL ASSETS LESS CURRENT LIABILITIES
1,385,795
1,345,355
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
7
(1,150,670)
(1,192,111)
PROVISIONS FOR LIABILITIES
(404)
(520)
NET ASSETS
234,721
152,724
CAPITAL AND RESERVES
Called up share capital
100
100
Revaluation reserve
8
66,589
66,589
Profit and loss reserves
168,032
86,035
TOTAL EQUITY
234,721
152,724
NEFERTITI FASHIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

For the financial year ended 31 October 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 director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 July 2026
Mr W Ahmed
Director
Company registration number 02093336 (England and Wales)
NEFERTITI FASHIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

Nefertiti Fashions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 47-61 City Road, Cardiff, CF24 3BL.

1.1
Basis of preparation

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 sterling, 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 freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

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.

NEFERTITI FASHIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -

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:

Leasehold land and buildings
over the shorter of the lease term or 50 years
Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance

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 property

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.

1.5
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 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.

1.6
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.

NEFERTITI FASHIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -
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.

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.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
EMPLOYEES

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

2025
2024
Number
Number
Total
1
1
NEFERTITI FASHIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
3
TANGIBLE FIXED ASSETS
Leasehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2024 and 31 October 2025
148,000
3,235
1,399
152,634
Depreciation and impairment
At 1 November 2024
2,960
1,340
1,213
5,513
Depreciation charged in the year
2,960
418
47
3,425
At 31 October 2025
5,920
1,758
1,260
8,938
Carrying amount
At 31 October 2025
142,080
1,477
139
143,696
At 31 October 2024
145,040
1,895
186
147,121
4
INVESTMENT PROPERTY
2025
£
Fair value
At 1 November 2024 and 31 October 2025
1,309,000

The fair value of the investment property has been arrived at on the basis of a valuation by the directors.The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,558
2,558
Other debtors
251,507
251,463
254,065
254,021
NEFERTITI FASHIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 7 -
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Bank loans
32,602
24,053
Corporation tax
26,171
23,114
Other taxation and social security
12,382
14,512
Other creditors
235,455
313,923
Accruals and deferred income
22,299
22,240
328,909
397,842

Included within creditors: amounts falling due within one year is an amount of £32,602 (202 4: £24,053) which is secured by way of a fixed charge on investment properties and a fixed and floating charge over specific assets of the company.

7
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Bank loans and overdrafts
50,670
92,111
Other creditors
1,100,000
1,100,000
1,150,670
1,192,111

Included within creditors: amounts falling due after more than one year is an amount of £50,670 (202 4: £92,111) which is secured by way of a fixed charge on investment properties and a fixed and floating charge over specific assets of the company.

8
REVALUATION RESERVE
2025
2024
£
£
At the beginning and end of the year
66,589
66,589
NEFERTITI FASHIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 8 -
9
RELATED PARTY TRANSACTIONS
2025
2024
Amounts due to related parties
£
£
Related company
105,450
105,450
Close family member of the director
124,533
173,900
Close family member of the director
1,100,000
1,100,000

The balances are interest free and repayable on demand.

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