Company registration number: 08218360
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Nikar Properties (Bradford) Limited
Pages for filing with the Registrar
Company registration number: 08218360
Nikar Properties (Bradford) Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Investment property 4 853,192 853,192
853,192 853,192
Current assets
Debtors 81,410 67,139
Cash at bank and in hand 9,927 1,003
91,337 68,142
Creditors: amounts falling due within one year
(468,743) (497,805)
Net current liabilities (377,406) (429,663)
Total assets less current liabilities 475,786 423,529
Provisions for liabilities (57,723) (57,193)
NET ASSETS 418,063 366,336
Capital and reserves
Called up share capital 10 10
Profit and loss account 418,053 366,326
TOTAL EQUITY 418,063 366,336
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08218360
Nikar Properties (Bradford) Limited
Balance sheet - continued
as at 31 December 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 21 September 2026 and signed on its behalf by:
Mr N Brain, Director
21 September 2026
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Nikar Properties (Bradford) Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Nikar Properties (Bradford) Limited is a private company registered in England and Wales. Its registered number is 08218360. The company is limited by shares. Its registered office is Options House Atkin Street, Worsley, Manchester, M28 3DG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Investment property
Investment property is shown at its 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 taxation. 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Nikar Properties (Bradford) Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 Investment property
£
Valuation
At 1 January 2025 853,192
At 31 December 2025 853,192
5 Secured debts
Included in other creditors is a loan of £437,688 (2024 - £472,593). The loan is secured by a fixed charge over the company’s investment property and a floating charge over the assets of the company.
6 Related party transactions
At the reporting date, the company owed £437,688 (2024 - £472,593) to a company controlled by the directors. Interest is calculated on the loan at 2% above the Bank of England base rate and is repayable on demand.
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