Company No: 11459648 (England and Wales)

Contents

• Balance Sheet
• Notes to the Unaudited Financial Statements

	Note	2021		2020
		£		£
Fixed assets
Investments	3	2,702		2,702
		2,702		2,702
Creditors
Amounts falling due within one year	4	( 1,933)		( 2,700)
Net current liabilities		(1,933)		(2,700)
Total assets less current liabilities		769		2
Net assets		769		2
Capital and reserves
Called-up share capital		2		2
Profit and loss account		767		0
Total shareholders' funds		769		2

For the financial year ending 31 March 2021 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 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 NK Group Holdings Ltd (registered number: 11459648) were approved and authorised for issue by the Director on 15 December 2021. They were signed on its behalf by:

Neil Keeling Director

Jeremy Phillip White 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

NK Group Holdings Ltd (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 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2021
	£
Cost
At 01 April 2020	2,702
At 31 March 2021	2,702
Carrying value at 31 March 2021	2,702
Carrying value at 31 March 2020	2,702

Investments in shares

Name of entity	Registered office	Nature of business	Class of shares	Ownership 31.03.2021	Ownership 31.03.2020
Spinning Plates Limited	3 Filers Way, Weston Gateway Business Park, Weston Super Mare. BS24 7JP	Retail of sportswear and equipment	ordinary	100.00%	100.00%
Pixheel Limited	3 Filers Way, Weston Gateway Business Park, Weston Super Mare. BS24 7JP	Retail of sportswear and equipment	ordinary	100.00%	100.00%

4. Creditors: amounts falling due within one year

	2021		2020
	£		£
Amounts owed to fellow subsidiaries	1,313		2,700
Other creditors	620		0
	1,933		2,700

Amounts owed to Group undertakings are repayable on demand and do not bear interest.