REGISTERED NUMBER: 12674260 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NLB PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Bowness

Mrs L L Bowness

REGISTERED OFFICE:

Hartwell Nurseries

Stone

Aylesbury

Buckinghamshire

HP17 8RZ

REGISTERED NUMBER:

12674260 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

-

332,217

Investment property

5

350,000

-

350,000

332,217

CURRENT ASSETS

Stocks

-

932,160

Debtors

6

16,435

6,788

Cash at bank

111,852

149,999

128,287

1,088,947

CREDITORS

Amounts falling due within one year

7

465,236

1,440,385

NET CURRENT LIABILITIES

(336,949

)

(351,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,051

(19,221

)

PROVISIONS FOR LIABILITIES

4,446

-

NET ASSETS/(LIABILITIES)

8,605

(19,221

)

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

13,337

-

Retained earnings

(4,734

)

(19,223

)

8,605

(19,221

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by:

N A Bowness - Director

1.	STATUTORY INFORMATION

NLB Property 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.

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 as modified by the revaluation of certain assets.

At the balance sheet date the company had net current liabilities of £336,949 by virtue of its total current liabilities exceeding its total current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Investment property

Investment properties are initially recognised at cost and subsequently measured at fair value, with changes in fair value recognised in the profit and loss. Fair value is determined annually by independent valuers or by the directors using market evidence of prices for similar properties in comparable locations and conditions.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, when present value is used. They are subsequently measured at amortised cost, less impairment for financial assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2025

332,217

Reclassification/transfer

(332,217

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

332,217

Included in cost of freehold property is freehold land of £Nil (2024 - £332,217) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

17,783

Reclassification/transfer

332,217

At 31 December 2025

350,000

NET BOOK VALUE

At 31 December 2025

350,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 25

17,783

Cost

332,217

350,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

332,217

-

Investment property was valued on an open market basis on 31 December 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

16,435

6,788

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

1,394

6,700

Other creditors

463,842

1,433,685

465,236

1,440,385

8.

RESERVES

Fair

value

reserve

£

Transfer

13,337

At 31 December 2025

13,337

9.	RELATED PARTY DISCLOSURES

Loans from companies related by common control totalling £459,817 (2024 - £1,431,185) were outstanding at the year-end. These unsecured loans are repayable on demand and interest free.