Company No: 11788643 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	500,000		500,000
		500,000		500,000
Current assets
Debtors	4	3,992		3,444
Cash at bank and in hand		209,902		166,440
		213,894		169,884
Creditors: amounts falling due within one year	5	( 122,703)		( 76,996)
Net current assets		91,191		92,888
Total assets less current liabilities		591,191		592,888
Creditors: amounts falling due after more than one year	6	( 466,847)		( 492,526)
Provision for liabilities		( 5,765)		( 5,765)
Net assets		118,579		94,597
Capital and reserves
Called-up share capital	7	200		200
Other reserves		24,575		24,575
Profit and loss account		93,804		69,822
Total shareholders' funds		118,579		94,597

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Nevern Place Rentals Limited (registered number: 11788643) were approved and authorised for issue by the Board of Directors on 28 October 2026. They were signed on its behalf by:

T C Brown Director

C J Coronna Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nevern Place Rentals Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 13 Crescent Place,, London, Greater London, England, SW3 2EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable from investment properties net of VAT. Rent receivable from tenants are measured at fair value. Rental income is recognised in the period to which it arises on an accrual basis and in accordance with the terms of the lease.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	500,000
As at 31 March 2026	500,000

4. Debtors

	2026		2025
	£		£
Amounts owed by Group undertakings	0		1,680
Other debtors	3,992		1,764
	3,992		3,444

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to related parties	75,000		75,000
Taxation and social security	5,742		795
Other creditors	41,961		1,201
	122,703		76,996

Bank loans and overdrafts are secured by a fixed and floating charge over all assets of the company.

The aggregate secured liability is £Nil (2025: £Nil ).

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	332,827		332,826
Other creditors	134,020		159,700
	466,847		492,526

Bank loans and overdrafts are secured by a fixed and floating charge over all assets of the company.

The aggregate secured liability is £332,827 (2025: £332,826 ).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2026		2025
	£		£
Bank loans	332,826		333,703

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each	50		50
50 Ordinary B shares of £ 1.00 each	50		50
50 Ordinary C shares of £ 1.00 each	50		50
50 Ordinary D shares of £ 1.00 each	50		50
	200		200

8. Financial commitments

Commitments

	2026		2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	135,333		0

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Key management personnel	134,020		159,700

Other related party transactions

	2026		2025
	£		£
Company under joint control	75,000		75,000