Nero Ward Motors Limited - Filleted accounts

Registered number

12310315

Nero Ward Motors Limited

Filleted Accounts for the year ended

30 November 2025

Nero Ward Motors Limited
Registered number:		12310315
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		434,473			451,292
Investments	5		20,134			20,134
			454,607			471,426

Current assets
Debtors	6	11,016			10,656
Cash at bank and in hand		3,590			80
		14,606			10,736

Creditors: amounts falling due within one year	7	(7,805)			(10,650)

Net current assets			6,801			86

Total assets less current liabilities			461,408			471,512

Creditors: amounts falling due after more than one year	8		(735,300)			(688,850)



Net liabilities			(273,892)			(217,338)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(273,992)			(217,438)

Shareholder's funds			(273,892)			(217,338)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Lakshitha-Praveen Weerasuriya
Director
Approved by the board on 19 June 2026

Nero Ward Motors Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 50 years
	Plant and machinery			over 10 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Going concern

	The accounts have been prepared on the going concern basis assuming the continued support of its director and creditors. As at 30 November 2025 the director had loaned the company £735,300 (see notes 8 and 9). Although there is no set repayment date, the director will not seek repayment of this loan until the company is in a position to do so. The loan is made on an interest free basis.


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


4	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 December 2024			379,690		154,947		534,637
	Additions			6,253		-		6,253
	At 30 November 2025			385,943		154,947		540,890

	Depreciation
	At 1 December 2024			30,545		52,800		83,345
	Charge for the year			7,719		15,353		23,072
	At 30 November 2025			38,264		68,153		106,417

	Net book value
	At 30 November 2025			347,679		86,794		434,473
	At 30 November 2024			349,145		102,147		451,292


5	Investments

Other
investments
£
	Cost
	At 1 December 2024							20,134

	At 30 November 2025							20,134


6	Debtors					2025		2024
£							£

	Trade debtors					8,561		8,971
	Other debtors					2,455		1,685
						11,016		10,656


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					5,350		8,391
	Taxation and social security costs					655		459
	Other creditors					1,800		1,800
						7,805		10,650


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Director's loan					735,300		688,850


9	Transactions with director
	Description	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D Lakshitha-Praveen Weerasuriya
	01/12/2024 - Balance brought forward	688,850		-		-		688,850
	03/12/2024 - Loan to company	-		1,000		-		689,850
	08/01/2025 - Loan to company	-		4,000		-		693,850
	23/01/2025 - Loan to company	-		2,500		-		696,350
	07/02/2025 - Loan to company	-		2,500		-		698,850
	27/02/2025 - Loan to company	-		4,000		-		702,850
	11/03/2025 - Loan to company	-		2,000		-		704,850
	27/03/2025 - Loan to company	-		3,500		-		708,350
	28/04/2025 - Loan to company	-		3,500		-		711,850
	29/05/2025 - Loan to company	-		6,000		-		717,850
	05/07/2025 - Loan to company	-		7,500		-		725,350
	07/08/2025 - Loan to company	-		3,500		-		728,850
	24/09/2025 - Loan to company	-		5,000		-		733,850
	29/09/2025 - Repaid from company	-		-		3,550		730,300
	17/11/2025 - Loan to company			5,000		-		735,300
		688,850		50,000		3,550		735,300


10	Related party transactions

	Included in director's loan is £735,300 (2024 - £688,850) on an interest free basis from the director Mr Don Lakshitha-Praveen Weerasuriya to the company. The breakdown of the transfers that form the director's loan are scheduled in note 9.


11	Controlling party

	The ultimate controlling party is the director D Lakshitha-Praveen Weerasuriya, who holds 100% of the issued share capital of the company.


12	Other information

	Nero Ward Motors Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 1, 1 Old Court Mews
	311 Chase Road
	London
	N14 6JS