REGISTERED NUMBER: 15981342 (England and Wales)

NORTH CIRCLE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs E N E Dymond

REGISTERED OFFICE:

North Barn White House Farm

Llanvair Kilgeddin

Abergavenny

Monmouthshire

NP7 9BB

REGISTERED NUMBER:

15981342 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Investments

4

100

CURRENT ASSETS

Debtors

5

938,537

CREDITORS

Amounts falling due within one year

6

922,045

NET CURRENT ASSETS

16,492

TOTAL ASSETS LESS CURRENT LIABILITIES

16,592

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

16,492

16,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2026 and were signed by:

Mrs E N E Dymond - Director

1.	STATUTORY INFORMATION

North Circle Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	FIXED ASSET INVESTMENTS

The following are 100% subsidiaries of the company as at the year end:

Motion Rail Limited - Company Number 07020346

The total of the subsidiary's capital and reserves as at 30 September 2025 was £1,433,481 (2024 - £1,283,909).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

938,537

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

694,308

Taxation and social security

226,737

Other creditors

1,000

922,045

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2025:

£

Mrs E N E Dymond

Balance outstanding at start of year

-

Amounts advanced

1,024,764

Amounts repaid

(309,096

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

715,668

Interest is charged on outstanding director advance balances at a rate of 2.25% per annum until March 2025 and then 3.75% per annum from April 2025 and is calculated on the amount outstanding and applied on a monthly basis.The interest charged totalled £21,360.15.

The amounts owed by directors are repayable on demand.