REGISTERED NUMBER: 09363298 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

NRZ Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Hakim

REGISTERED OFFICE:

Unit 1b Barton Hill Trading Estate

Herapath Street

Barton Hill

Bristol

BS5 9RD

REGISTERED NUMBER:

09363298 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

19,475

22,055

Investments

5

1

1

Investment property

6

19,190,892

19,540,000

19,210,368

19,562,056

CURRENT ASSETS

Debtors

7

266,854

384,890

Cash at bank and in hand

349,111

30,906

615,965

415,796

CREDITORS

Amounts falling due within one year

8

2,020,915

2,357,031

NET CURRENT LIABILITIES

(1,404,950

)

(1,941,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,805,418

17,620,821

CREDITORS

Amounts falling due after more than one year

9

(10,829,319

)

(10,504,176

)

PROVISIONS FOR LIABILITIES

(1,134,960

)

(1,261,009

)

NET ASSETS

5,841,139

5,855,636

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

3,404,883

3,783,028

Retained earnings

2,436,156

2,072,508

SHAREHOLDERS' FUNDS

5,841,139

5,855,636

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2026 and were signed by:

Mr N Hakim - Director

1.	STATUTORY INFORMATION

NRZ Properties Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

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.

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.

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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

2,336

10,054

17,649

30,039

Additions

443

-

-

443

At 31 December 2025

2,779

10,054

17,649

30,482

DEPRECIATION

At 1 January 2025

814

-

7,170

7,984

Charge for year

403

-

2,620

3,023

At 31 December 2025

1,217

-

9,790

11,007

NET BOOK VALUE

At 31 December 2025

1,562

10,054

7,859

19,475

At 31 December 2024

1,522

10,054

10,479

22,055

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

19,540,000

Additions

586,237

Disposals

(565,000

)

Revaluations

(370,345

)

At 31 December 2025

19,190,892

NET BOOK VALUE

At 31 December 2025

19,190,892

At 31 December 2024

19,540,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

19,190,892

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

57,357

69,606

Other debtors

8,716

358

Snap Investments Ltd

195,000

303,523

Prepayments

5,781

11,403

266,854

384,890

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

155,622

207,675

Other loans

99,877

99,383

Hire purchase contracts

2,726

2,726

Trade creditors

9,297

51,159

Tax

123,511

121,729

Social security and other taxes

380

845

Pensions Due

178

370

VAT

5,367

15,681

Other creditors

79,673

75,955

Matrix Office Supplies Ltd

597,350

701,223

The Electronics Warehouse Ltd

568,215

553,389

NRZ Developments Ltd

9,780

13,805

Directors' loan accounts

221,368

376,591

Accruals and deferred income

147,571

136,500

2,020,915

2,357,031

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,826,138

10,498,269

Hire purchase contracts

3,181

5,907

10,829,319

10,504,176

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

3,783,028

Fair value adjustment in year

(378,145

)

At 31 December 2025

3,404,883

11.	RELATED PARTY DISCLOSURES

Mr Hakim is a director and controlling shareholder of Matrix Office Supplies Ltd.

The Company has an interest free loan from Matrix Office Supplies Ltd and at the period end, owed £597,350 (2024 :£701,223).

Mr Hakim is a director and controlling shareholder of The Electronics Warehouse Ltd.

The Company has an interest free loan from The Electronics Warehouse Ltd and at the period end, owed £568,215 (2024 :£553,389).

Mr Hakim is a director and controlling shareholder of NRZ Developments Ltd.

The Company has an interest free loan from NRZ Developments Ltd and at the period end, the company was owed £9,780 (2024 : £13,804).

The company has a shareholding in Snap Investments Ltd.

The Company has an interest free loan to Snap Investments Ltd and at the period end, the company was due £195,000 (2024: £303,523).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Hakim.