NICHOLAS & SONS (INVESTMENTS) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01868593 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2018

FOR

NICHOLAS & SONS (INVESTMENTS) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr N Kyriacou

Mrs Maro Kyriacou

Mr L N Kyriakou

SECRETARY:

Mrs Maro Kyriacou

REGISTERED OFFICE:

Argyle Court

105 Seven Sisters Road

London

London

N7 7QP

REGISTERED NUMBER:

01868593 (England and Wales)

ACCOUNTANTS:

C. Charles & Co Limited

Chartered Certified Accountants

Argyle Court

105 Seven Sisters Road

London

London

N7 7QP

BANKERS:

National Westminster Bank

14

The Broadawy

London

N22 6DX

FIXED ASSETS

Tangible assets

3

1,900,486

1,538,381

CURRENT ASSETS

Stocks

2,971,140

3,105,790

Debtors

4

9,795

-

Cash at bank and in hand

211,064

414,557

3,191,999

3,520,347

CREDITORS

Amounts falling due within one year

5

201,864

379,773

NET CURRENT ASSETS

2,990,135

3,140,574

TOTAL ASSETS LESS CURRENT LIABILITIES

4,890,621

4,678,955

CREDITORS

Amounts falling due after more than one year

6

1,673,709

1,707,509

NET ASSETS

3,216,912

2,971,446

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,216,812

2,971,346

SHAREHOLDERS' FUNDS

3,216,912

2,971,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28th November 2018 and were signed on its behalf by:

Mr N Kyriacou - Director

1.	STATUTORY INFORMATION

NICHOLAS & SONS (INVESTMENTS) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st March 2017

1,531,440

7,624

19,304

1,558,368

Additions

585,355

-

1,764

587,119

Disposals

(223,708

)

-

-

(223,708

)

At 28th February 2018

1,893,087

7,624

21,068

1,921,779

DEPRECIATION

At 1st March 2017

-

6,993

12,994

19,987

Charge for year

-

95

1,211

1,306

At 28th February 2018

-

7,088

14,205

21,293

NET BOOK VALUE

At 28th February 2018

1,893,087

536

6,863

1,900,486

At 28th February 2017

1,531,440

631

6,310

1,538,381

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

9,795

-

Included in other debtors was an amount held on account by the company's solicitors of £172,167.

This was used to purchase a fixed asset one month after the year end.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

158

Trade creditors

57,588

221,879

Taxation and social security

104,228

100,455

Other creditors

40,048

57,281

201,864

379,773

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

1,673,709

1,707,509

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,673,709

1,707,509

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 28th February 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

C. Charles & Co Limited

Chartered Certified Accountants

Argyle Court

105 Seven Sisters Road

London

London

N7 7QP

28th November 2018