REGISTERED NUMBER: 13142626 (England and Wales)

NORDWELL HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Blanks

REGISTERED OFFICE:

5 - 6 Gregson Road

Stockport

SK5 7SS

REGISTERED NUMBER:

13142626 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

102,469

-

Investment property

5

1,441,232

1,439,182

1,543,701

1,439,182

CURRENT ASSETS

Debtors

6

53

139

Cash at bank

7,384

2,386

7,437

2,525

CREDITORS

Amounts falling due within one year

7

1,346,583

1,303,443

NET CURRENT LIABILITIES

(1,339,146

)

(1,300,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

204,555

138,264

PROVISIONS FOR LIABILITIES

36,559

17,610

NET ASSETS

167,996

120,654

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

75,074

75,074

Retained earnings

92,822

45,480

SHAREHOLDERS' FUNDS

167,996

120,654

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

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

The director acknowledges his 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 21 May 2026 and were signed by:

S Blanks - Director

1.	STATUTORY INFORMATION

Nordwell Homes 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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£).

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has reached this conclusion giving due consideration to the projected future performance of the company, any potential risk that might impact the company's ability to meet its required solvency levels, and the position with regard to bank borrowing. For this reason, he continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rental income for the year excluding Value Added Tax together with premiums received from tenants. Amounts invoiced in advance relating to the next accounting period are included in accruals and deferred income.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

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 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 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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

106,924

At 31 January 2026

106,924

DEPRECIATION

Charge for year

4,455

At 31 January 2026

4,455

NET BOOK VALUE

At 31 January 2026

102,469

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,439,182

Additions

2,050

At 31 January 2026

1,441,232

NET BOOK VALUE

At 31 January 2026

1,441,232

At 31 January 2025

1,439,182

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

1,441,232

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

2026

2025

£

£

Cost

1,348,548

1,346,498

Investment property was valued on an open market basis on 31 January 2026 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments and accrued income

53

139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Corporation tax

(7,844

)

7,844

Directors' current accounts

1,353,877

1,294,059

Accruals and deferred income

550

1,540

1,346,583

1,303,443

The Director's current account is interest free and repayable on demand.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

52

A Ordinary

£1

52

52

24

B Ordinary

£1

24

24

24

C Ordinary

£1

24

24

100

100

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

75,074