REGISTERED NUMBER: 15070006 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MACE NEST LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs Margarita Charalambous

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

15070006 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

1,996

-

Investment property

6

409,675

144,789

411,671

144,789

CURRENT ASSETS

Debtors

1,800

1,152

Cash at bank

33,347

146,016

35,147

147,168

CREDITORS

Amounts falling due within one year

123,148

139,508

NET CURRENT (LIABILITIES)/ASSETS

(88,001

)

7,660

TOTAL ASSETS LESS CURRENT LIABILITIES

323,670

152,449

CREDITORS

Amounts falling due after more than one year

7

326,718

157,723

NET LIABILITIES

(3,048

)

(5,274

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

(4,048

)

(6,274

)

SHAREHOLDERS' FUNDS

(3,048

)

(5,274

)

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

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

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 August 2026 and were signed by:

Mrs Margarita Charalambous - Director

1.	STATUTORY INFORMATION

Mace Nest 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

2,243

At 31 August 2025

2,243

DEPRECIATION

Charge for year

247

At 31 August 2025

247

NET BOOK VALUE

At 31 August 2025

1,996

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

144,789

Additions

264,886

At 31 August 2025

409,675

NET BOOK VALUE

At 31 August 2025

409,675

At 31 August 2024

144,789

Investment property is included in the balance sheet at a fair value of £409,675 as at 31 August 2025.

The director has reviewed the carrying value of the investment property at the balance sheet date and, having considered available market evidence relating to similar residential properties, considers that the carrying value is not materially different from its fair value at that date. Accordingly, no fair value adjustment has been recognised in the financial statements.

No formal valuation has been obtained from an independent, professionally qualified valuer. The fair value has instead been assessed by the director based on market research and comparable property data.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

326,718

157,723

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

326,718

157,723

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

Fresco Fisheries (UK) Limited

During the year, the company advanced an interest-free loan of £8,000 (2024 - £Nil) to Fresco Fisheries (UK) Limited, a company in which a director has a minority shareholding and whose other shareholders include close family members of that director. Repayments totalling £7,400 (2024 - £Nil) were received during the year.

As at 31 August 2025, £600 (2024 - £Nil) was owed to the company from Fresco Fisheries UK Limited. The amount is unsecured, interest-free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Margarita Charalambous by virtue of the fact she owns 100% of the issued share capital of the company.