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REGISTERED NUMBER: 00716495 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2021

for

NELMES GARAGE LIMITED

NELMES GARAGE LIMITED (REGISTERED NUMBER: 00716495)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NELMES GARAGE LIMITED

Company Information
for the Year Ended 30 November 2021







DIRECTOR: N R Brown





REGISTERED OFFICE: c/o 55 Crown Street
Brentwood
Essex
CM14 43D





BUSINESS ADDRESS: c/o N Brown Esq
15 Yevele Way
Hornchurch
Essex
RM11 3NB





REGISTERED NUMBER: 00716495 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
Chartered Accountants
107 Hindes Road
Harrow
Middlesex
HA1 1RU

NELMES GARAGE LIMITED (REGISTERED NUMBER: 00716495)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 812 955
Investment property 5 967,455 967,455
968,267 968,410

CURRENT ASSETS
Stocks 20,299 20,299
Debtors 6 144,337 461,733
Cash at bank 592,953 260,302
757,589 742,334
CREDITORS
Amounts falling due within one year 7 47,746 94,960
NET CURRENT ASSETS 709,843 647,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,678,110

1,615,784

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 1,673,110 1,610,784
SHAREHOLDERS' FUNDS 1,678,110 1,615,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





N R Brown - Director


NELMES GARAGE LIMITED (REGISTERED NUMBER: 00716495)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Nelmes Garage 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

NELMES GARAGE LIMITED (REGISTERED NUMBER: 00716495)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 4,841
DEPRECIATION
At 1 December 2020 3,886
Charge for year 143
At 30 November 2021 4,029
NET BOOK VALUE
At 30 November 2021 812
At 30 November 2020 955

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020
and 30 November 2021 967,455
NET BOOK VALUE
At 30 November 2021 967,455
At 30 November 2020 967,455

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 12,954 12,954
Other debtors 131,383 448,779
144,337 461,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 6,707 18,358
Taxation and social security 14,309 61,628
Other creditors 26,730 14,974
47,746 94,960

8. RELATED PARTY DISCLOSURES

Included in debtors is a loan of £67,592 made by the company to Dreammove Limited, a company of which N R Brown is a director. This loan is being repaid as and when funds are available following the sale of properties constructed as part of a building project.

During the year the company operated a director's loan account. At the balance sheet date the company owed the director £12,115 (2020 the director owed the company £369,608).