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Registration number: 06538546

Nokan Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Nokan Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Nokan Limited

Company Information

Director | Mr K A Nozad

Registered office | 42-46 Station Road Edgware Middlesex HA8 7AB

Accountants | Richlands Business Advisers Limited Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

Nokan Limited

(Registration number: 06538546)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 8,358 | 6,394
Investment property | 5 | 2,256,787 | 2,256,787
|  | 2,265,145 | 2,263,181
Current assets |  |  |
Debtors | 6 | 7,253 | 8,053
Cash at bank and in hand |  | 292,885 | 342,189
|  | 300,138 | 350,242
Creditors: Amounts falling due within one year | 7 | (2,652,510) | (2,707,889)
Net current liabilities |  | (2,352,372) | (2,357,647)
Net liabilities |  | (87,227) | (94,466)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | (87,327) | (94,566)
Shareholders' deficit |  | (87,227) | (94,466)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 August 2026

......................................... Mr K A Nozad Director

Nokan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

The principal place of business is:
Office 105 Regent House
24-25 Nutford Place
London
W1H 5YN

These financial statements were authorised for issue by the director on 4 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Nokan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Nokan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 31,199 | 31,199
Additions | 4,750 | 4,750
At 31 March 2026 | 35,949 | 35,949
Depreciation
At 1 April 2025 | 24,805 | 24,805
Charge for the year | 2,786 | 2,786
At 31 March 2026 | 27,591 | 27,591
Carrying amount
At 31 March 2026 | 8,358 | 8,358
At 31 March 2025 | 6,394 | 6,394

Nokan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Investment properties

| 2026 £
At 1 April | 2,256,787
At 31 March | 2,256,787

The fair value of the investment properties at the date of the balance sheet was £2,256,787 (2025: £2,256,787).
The fair value of the investment properties were assessed internally by the directors at the year-end and is not materially different from previous year.

There has been no valuation of investment property by an independent valuer.

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 7,253 | 8,053
| 7,253 | 8,053

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 2,656 | 13,095
Taxation and social security |  | 296 | 2,740
Other creditors |  | 2,636,310 | 2,681,357
Accrued expenses |  | 1,800 | 1,770
Directors current account |  | 11,448 | 8,927
|  | 2,652,510 | 2,707,889

Nokan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 2,656 | 13,095