NIJJAR PROPERTY LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have adopted the going concern basis in preparing these accounts after assessing the principal risks but there can be no certainty in the matter. The Directors have considered the impact of the current environment factors on the business for the next 12 months. The planning was difficult, the directors have considered the impact of inflation and general economic conditions on business sales, customers and suppliers. The directors of the company took various measures and carried out a comprehensive review of all costs impacting the business. At the balance sheet date, the company had net current liabilities of £5,420,879. The company is a subsidiary of Nijjar Holdings Ltd (NHL) and is reliant on the continuing support of the group companies (NHL and the ultimate holding company, which is Nijjar Group Freshway Holdings Ltd (NGFHL)). The company is also relying on continuing financial support from the bank with regards to their facility. The Directors have prepared forecasts and projections taking the above factors taken into consideration and concluded that the group will have sufficient resources to meet its financial obligations as they fall due for the period at least 12 months from the signing of these financial statements. A letter of support from the holding company and a fellow subsidiary has been given for continued financial support to the company for the next 12 months. There is no material uncertainty relating to going concern. However, we draw attention to negative net current liabilities of £5,420,879 as shown on the balance sheet page 17, that may cast significant doubt on the entities ability to continue as going concern. The company is heavily reliant on the continued support of group companies and bank facilities. The company's net financial statement position is positive £1.87 million at the period end date. Our opinion is not modified in respect of this matter.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Javed & Co

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have adopted the going concern basis in preparing these accounts after assessing the principal risks but there can be no certainty in the matter. The Directors have considered the impact of the current environment factors on the business for the next 12 months. The planning was difficult, the directors have considered the impact of inflation and general economic conditions on business sales, customers and suppliers. The directors of the company took various measures and carried out a comprehensive review of all costs impacting the business. At the balance sheet date, the company had net current liabilities of £5,420,879. The company is a subsidiary of Nijjar Holdings Ltd (NHL) and is reliant on the continuing support of the group companies (NHL and the ultimate holding company, which is Nijjar Group Freshway Holdings Ltd (NGFHL)). The company is also relying on continuing financial support from the bank with regards to their facility. The Directors have prepared forecasts and projections taking the above factors taken into consideration and concluded that the group will have sufficient resources to meet its financial obligations as they fall due for the period at least 12 months from the signing of these financial statements. A letter of support from the holding company and a fellow subsidiary has been given for continued financial support to the company for the next 12 months. There is no material uncertainty relating to going concern. However, we draw attention to negative net current liabilities of £5,420,879 as shown on the balance sheet page 17, that may cast significant doubt on the entities ability to continue as going concern. The company is heavily reliant on the continued support of group companies and bank facilities. The company's net financial statement position is positive £1.87 million at the period end date. Our opinion is not modified in respect of this matter.”

Group structure

1. NIJJAR PROPERTY LIMITED · parent
   1. Nijjar Dairies Limited
   2. Freshways Limited
   3. Capital Milk Ltd 100% · England & Wales · Wholesaler of dairy products (now dormant)
   4. The Capital Dairy Company Ltd
   5. The Capital Dairy Company Lincolnshire Ltd
   6. Medina Capital Dairy Company Ltd
   7. Kent Dairy Company Ltd
   8. Indul Ltd
   9. Totally Welsh Ltd
   10. D Gibbons & Sons Ltd

Significant events

• “Merger negotiations are in progress between Nijjar Group's milk processing and distributing companies (including NDL) and Medina Holdings Ltd and its subsidiaries. The merger between the two groups was approved by the Competition and Markets Authority (CMA) on 30th March 2022 and CMA decision was published on 27th May 2022. The two groups are now negotiating on the combined group structure and on other operational matters.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.4%

  £206,855,082 → £207,621,591

• Cash

  —

  Not reported

• Net assets

  +69%

  £1,104,284 → £1,866,212

• Employees

  +0.8%

  240 → 242

• Operating profit

  -62.9%

  £3,298,491 → £1,222,734

• Profit before tax

  -70.6%

  £3,146,571 → £924,211

• Wages

  -2.2%

  £8,899,759 → £8,703,183

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers