Registration number: 10476451

N2K Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

N2K Limited

Company Information

Directors

Mr Murtuza Noorali Pirani Mrs Sayeda Fatima Pirani

Registered office

1 Market Hill Calne Wiltshire SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

N2K Limited

(Registration number: 10476451)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	3,621	4,138
Investment property	6	459,000	461,000
		462,621	465,138
Current assets
Debtors	7	-	806
Cash at bank and in hand		90,226	26,551
		90,226	27,357
Creditors: Amounts falling due within one year	8	(2,599)	(2,194)
Net current assets		87,627	25,163
Total assets less current liabilities		550,248	490,301
Creditors: Amounts falling due after more than one year	8	(454,105)	(390,524)
Provisions for liabilities		(18,525)	(18,905)
Net assets		77,618	80,872
Capital and reserves
Called up share capital		100	100
Revaluation reserve		78,976	80,596
Retained earnings		(1,458)	176
Shareholders' funds		77,618	80,872

For the financial period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:
 

N2K Limited

(Registration number: 10476451)
Balance Sheet as at 31 August 2025 (continued)

......................................... Mr Murtuza Noorali Pirani Director

N2K Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 August 2025

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:
1 Market Hill
Calne
Wiltshire
SN11 0BT

These financial statements were authorised for issue by the Board on 26 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.

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:

Asset class	Depreciation method and rate
Office equipment	25% Straight line

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.

N2K Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 August 2025 (continued)

2	Accounting policies (continued)

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2024 - 0).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	517	518

N2K Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 August 2025 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2024	5,772	5,772
Disposals	(599)	(599)
At 31 August 2025	5,173	5,173
Depreciation
At 1 December 2024	1,634	1,634
Charge for the period	517	517
Eliminated on disposal	(599)	(599)
At 31 August 2025	1,552	1,552
Carrying amount
At 31 August 2025	3,621	3,621
At 30 November 2024	4,138	4,138

6	Investment properties

	2025 £
At 1 December	461,000
Fair value adjustments	(2,000)
At 31 August	459,000

The fair value of the property at 31st August 2025 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £459,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

7

Debtors

Current	2025 £	2024 £
Prepayments	-	806
	-	806

N2K Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 August 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	2,599	2,194

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	263,267	228,359
Other financial liabilities		190,838	162,165
		454,105	390,524

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	263,267	228,359