ACCOUNTS - Final Accounts

Registered number: 01352428

NESTONE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026


NESTONE LIMITED REGISTERED NUMBER:01352428

BALANCE SHEET

AS AT 30 JUNE 2026

		2026		2025
Note		£		£

Fixed assets
Investments	5		100		100
Investment property	6		2,852,013		2,196,797
			2,852,113		2,196,897
Current assets
Debtors: amounts falling due after more than one year	7	27,690		20,450
Debtors: amounts falling due within one year	7	683,348		741,261
Cash at bank and in hand	8	77,498		231,736
		788,536		993,447
Creditors: amounts falling due within one year	9	(367,596)		(94,059)
Net current assets			420,940		899,388
Total assets less current liabilities			3,273,053		3,096,285
Provisions for liabilities
Deferred tax	10	(239,011)		(239,011)
			(239,011)		(239,011)
Net assets			3,034,042		2,857,274

Capital and reserves
Called up share capital	4	4
Investment property reserve	944,228	944,228
Profit and loss account	2,089,810	1,913,042
	3,034,042	2,857,274

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NESTONE LIMITED REGISTERED NUMBER:01352428

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M.A.G. Sidoli

Director

Date: 30 October 2026

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NESTONE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2026

	Called up share capital	Investment property revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 July 2024	4	944,228	1,709,967	2,654,199

Profit for the year	-	-	203,075	203,075

At 1 July 2025	4	944,228	1,913,042	2,857,274

Profit for the year	-	-	176,768	176,768
At 30 June 2026	4	944,228	2,089,810	3,034,042

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

1.	General information

Nestone Limited is a private company limited by shares, incorporated in England and Wales, registration number 01352428. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.

The principal activity of the company is that of an investment property.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

2.2

Going concern

Taking into account a period exceeding 12 months from the date of approval of these financial statements, the Directors have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its Financial Statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of rental income which is recognised in the period in which it is due provided that:

The amount of rent can be measured reliably; and

It is probable that the company will receive the rent due.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.4

Current and deferred taxation (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.......................................................................

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The directors have exercised their judgement in valuing the investment properties at the balance sheet date, and have valued the properties at what they believe is the fair value.

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Employees

The average monthly number of employees, including directors, during the year was 3 (2025 -3).

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 July 2025	100
	At 30 June 2026	100

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

6.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 July 2025	2,196,797
	Additions at cost	655,216
	At 30 June 2026	2,852,013

The 2026 valuations were made by the directors, on an open market value basis.

					2026	2025
					£	£

Revaluation reserves
At 1 July 2025	944,228	944,228
At 30 June 2026	944,228	944,228

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2026	2025
	£	£

	Historic cost	1,668,773	1,013,557
		1,668,773	1,013,557

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

7.	Debtors
		2026	2025
		£	£

Due after more than one year
Prepayments and accrued income	27,690	20,450
	27,690	20,450

					2026	2025
					£	£

Due within one year
Trade debtors	736	-
Other debtors	668,561	731,724
Prepayments and accrued income	14,051	9,537
	683,348	741,261

8.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	77,498	231,736
	77,498	231,736

9.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	1,140	-
Other taxation and social security	60,884	62,680
Other creditors	301,572	27,379
Accruals and deferred income	4,000	4,000
	367,596	94,059

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NESTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

10.	Deferred taxation

	2026	2025
	£	£

At beginning of year	(239,011)	(239,011)
At end of year	(239,011)	(239,011)

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

	Fair value movements on properties	(239,011)	(239,011)
		(239,011)	(239,011)

11.	Related party transactions
	At the year end and included within other debtors, a balance of £668,561 (2025: £728,724) was due from a Ivanbrook Properties Ltd. Interest was chargeable on the loan from Ivanbrook Properties Ltd of £39,469 (2025: £54,884). At the year end and included within other creditors, a balance of £250,000 (2025: £nil) was due to Nestone Securities Limited. No interest was charged on this loan.

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