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REGISTERED NUMBER: 04346478 (England and Wales)













NATIONALCORP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018






NATIONALCORP LIMITED (REGISTERED NUMBER: 04346478)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NATIONALCORP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2018







DIRECTORS: S Harris
P S Woolf





SECRETARY: P S Woolf





REGISTERED OFFICE: 39A Welbeck Street
London
W1G 8DH





REGISTERED NUMBER: 04346478 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
39A Welbeck Street
London
W1G 8DH

NATIONALCORP LIMITED (REGISTERED NUMBER: 04346478)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 2,548,264 2,814,378
Debtors 4 1,074 24,074
Cash at bank 263,921 242,519
2,813,259 3,080,971
CREDITORS
Amounts falling due within one year 5 1,044,893 921,136
NET CURRENT ASSETS 1,768,366 2,159,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,366

2,159,835

CREDITORS
Amounts falling due after more than one
year

6

299,653

580,000
NET ASSETS 1,468,713 1,579,835

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,468,613 1,579,735
SHAREHOLDERS' FUNDS 1,468,713 1,579,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

NATIONALCORP LIMITED (REGISTERED NUMBER: 04346478)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2018


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 and authorised for issue by the Board of Directors on 7th November 2018 and
were signed on its behalf by:




S Harris - Director



P S Woolf - Director


NATIONALCORP LIMITED (REGISTERED NUMBER: 04346478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018


1. STATUTORY INFORMATION

Nationalcorp 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all periods presented unless otherwise stated.

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 represents sales of properties.

Stocks
Stocks are properties which are valued at the lower of cost and net realisable value.

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.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of lease.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

NATIONALCORP LIMITED (REGISTERED NUMBER: 04346478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 1,074 24,074

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 13,295 40,368
Other creditors 1,031,598 880,768
1,044,893 921,136

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 299,653 580,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans repayable after more than 5 years 299,653 580,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 299,653 580,000

The loans included in the other creditors are secured on the stock of properties by mortgage charge.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

NATIONALCORP LIMITED (REGISTERED NUMBER: 04346478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018


9. RESERVES
Retained
earnings
£   

At 1st April 2017 1,579,735
Profit for the year 34,878
Dividends (146,000 )
At 31st March 2018 1,468,613