NUK REAL ESTATE LIMITED - Limited company accounts 25.1

REGISTERED NUMBER: 08039498 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NUK REAL ESTATE LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

DR M BRUNETTI

REGISTERED OFFICE:

38 Craven Street

London

WC2N 5NG

REGISTERED NUMBER:

08039498 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of other letting and operating of own or leased real estate.

DIVIDENDS

Total Interim Dividends of £15,411 have been paid during the year 2025 (2024: £132,713).

DIRECTOR

DR M BRUNETTI held office during the whole of the period from 1 January 2025 to the date of this report.

ON BEHALF OF THE BOARD:

DR M BRUNETTI - Director

3 August 2026

TURNOVER

58,751

58,249

Administrative expenses

(33,845

)

(90,178

)

24,906

(31,929

)

Other operating income

15,411

85,768

Gain/loss on revaluation of assets

-

(9,983

)

OPERATING PROFIT

40,317

43,856

Interest receivable and similar income

266

6,991

40,583

50,847

Interest payable and similar expenses

(25

)

(5,067

)

PROFIT BEFORE TAXATION

40,558

45,780

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

40,558

45,780

FIXED ASSETS

Tangible assets

4

-

Investment property

5

2,233,434

CURRENT ASSETS

Debtors

6

5,510

5,265

Cash at bank and in hand

27,074

27,199

32,584

32,464

CREDITORS

Amounts falling due within one year

7

(7,156

)

(32,183

)

NET CURRENT ASSETS

25,428

281

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,258,862

2,233,715

CAPITAL AND RESERVES

Called up share capital

454,797

Other reserves

1,301,490

Retained earnings

502,575

477,428

2,258,862

2,233,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 3 August 2026 and were signed by:

DR M BRUNETTI - Director

1.	STATUTORY INFORMATION

NUK REAL ESTATE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Lease income from operating leases (excluding amounts for services such as insurance and maintenance) are recognised in profit or loss on a straight-line basis over the lease term.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings: 25%, straight line.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

An entity recognises a financial asset or a financial liability only when the entity becomes a party to the contractual provisions of the instrument.

Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Basic debt instruments and commitments to receive a loan and to make a loan to another entity that meet the conditions in FRS 102:11.8(c), after initial recognition are measured at fair value through profit or loss, provided that this results in more relevant information.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price.

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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

Taxation

Taxation for the year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

7,594

DEPRECIATION

At 1 January 2025

and 31 December 2025

7,594

NET BOOK VALUE

At 31 December 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,233,434

NET BOOK VALUE

At 31 December 2025

2,233,434

At 31 December 2024

2,233,434

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

5,510

5,265

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

7,156

32,183

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Navy Group Srl.

The ultimate controlling party is not known.