Registration number:
Nico Property Investments Ltd
for the Year Ended 31 December 2025
Nico Property Investments Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Nico Property Investments Ltd
Company Information
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Director |
Mr Hakim Jamil Mohammed |
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Registered office |
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Bankers |
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Accountants |
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Nico Property Investments Ltd
(Registration number: 14076571)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
22,600 |
22,600 |
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Revaluation reserve |
31,590 |
31,590 |
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Retained earnings |
(4,598) |
(6,199) |
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Shareholders' funds |
49,592 |
47,991 |
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Nico Property Investments Ltd
(Registration number: 14076571)
Balance Sheet as at 31 December 2025
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Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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.
Going concern
The financial statements have been prepared on a going concern basis.
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.
Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Government grants
Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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.
Investment property
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRS102, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
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.
Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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.
Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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.
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Investment properties |
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2025 |
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At 1 January |
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Additions |
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At 31 December |
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The company has entered into a contract for the development of an investment property which, at the reporting date, remains under construction and is not yet capable of operating in the manner intended by management.
There has been no valuation of investment property by an independent valuer.
The investment property under construction is measured at cost, comprising purchase price and directly attributable development expenditure, as fair value cannot be measured reliably without undue cost or effort at this stage of construction. The property will be measured at fair value upon completion, with changes in fair value recognised in profit or loss. No depreciation is charged on investment property in accordance with the company’s accounting policy.
The directors are not aware of any indicators of impairment in respect of the investment property under construction at the reporting date.
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Debtors |
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Current |
2025 |
2024 |
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Other debtors |
- |
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- |
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Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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- |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Other financial liabilities |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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22,500 |
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22,500 |
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Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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- |
Bank borrowings
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First charge secured over 29 Elthorne Park, Hull. |
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £Nil (2024 - £ |
- |
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Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Related party transactions |
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Transactions with the director |
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2025 |
At 1 January 2025 |
Repayments by director |
At 31 December 2025 |
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Mr Hakim Jamil Mohammed |
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Directors Loan Account |
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( |
- |
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2024 |
At 1 January 2024 |
Advances to director |
Repayments by director |
At 31 December 2024 |
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Mr Hakim Jamil Mohammed |
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Directors Loan Account |
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( |
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Dividends paid to the director
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2025 |
2024 |
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Mr Hakim Jamil Mohammed |
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Ordinaryt £1 |
- |
2,500 |
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Summary of transactions with associates
Summary of transactions with other related parties
Nico Property Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Loans from related parties
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2025 |
Associates |
Key management |
Other related parties |
Total |
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At start of period |
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- |
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Advanced |
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- |
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At end of period |
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2024 |
Associates |
Other related parties |
Total |
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At start of period |
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At end of period |
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Terms of loans from related parties
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Parent and ultimate parent undertaking |
The company's immediate parent is