REGISTERED NUMBER: 10178474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

FOR

NICHOLS ESTATES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

1,184,620

1,060,891

CURRENT ASSETS

Debtors

5

282

795

Cash at bank

5,930

1,074

6,212

1,869

CREDITORS

Amounts falling due within one year

6

738,092

612,724

NET CURRENT LIABILITIES

(731,880

)

(610,855

)

TOTAL ASSETS LESS CURRENT LIABILITIES

452,740

450,036

CREDITORS

Amounts falling due after more than one year

7

422,690

422,677

NET ASSETS

30,050

27,359

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

30,047

27,356

SHAREHOLDERS' FUNDS

30,050

27,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

Mr J E Nichols - Director

1.	STATUTORY INFORMATION

Nichols Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10178474

Registered office:

7 Broomfield Lane

Hale

Altrincham

Cheshire

WA15 9AP

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

1,060,891

Additions

123,729

At 31 May 2026

1,184,620

NET BOOK VALUE

At 31 May 2026

1,184,620

At 31 May 2025

1,060,891

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Other debtors

282

795

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans and overdrafts

18,151

18,151

Taxation and social security

631

4,131

Other creditors

719,310

590,442

738,092

612,724

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans

422,690

422,677

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

350,086

350,073

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.26

31.5.25

£

£

Bank loans

440,841

440,828

The bank loans are secured by either a fixed or floating charge and a negative pledge with Charter Court Financial Services Limited and Fleet Mortgages Limited over land and property and other fixed assets owned either now or in the future, by the directors.