NAYANA PROPERTIES LIMITED

Company Registration Number:
12810295 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 13 August 2020

End date: 31 December 2021

NAYANA PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

NAYANA PROPERTIES LIMITED

Balance sheet

As at 31 December 2021


Notes

17 months to 31 December 2021


£
Fixed assets
Investments: 3 1,631,327
Total fixed assets: 1,631,327
Current assets
Debtors:   8,247
Cash at bank and in hand: 1,875
Total current assets: 10,122
Creditors: amounts falling due within one year:   (861,606)
Net current assets (liabilities): (851,484)
Total assets less current liabilities: 779,843
Provision for liabilities: (195,526)
Total net assets (liabilities): 584,317
Capital and reserves
Called up share capital: 100
Profit and loss account: 584,217
Shareholders funds: 584,317

The notes form part of these financial statements

NAYANA PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 September 2022
and signed on behalf of the board by:

Name: Edward Alexander Bellew
Status: Director

The notes form part of these financial statements

NAYANA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue comprises rental income. Rental income arising from operating leases on investment property is accounted for on a straight line basis over the lease term and is included in revenue in the Statement of Comprehensive Income due to its operating nature. Revenue is measured at the fair value of the consideration received or receivable and is stated net of value added taxes.

NAYANA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

17 months to 31 December 2021
Average number of employees during the period 0

NAYANA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Fixed investments

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured initially at cost, including transaction costs. Subsequent to initial recognition, investment property is measured at fair value. Gains or losses arising from changes in the fair value of investment property are included in profit or loss in the period in which they arise. An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised. Subsequent expenditure is included in the carrying amount of the property when it is probable that the future economic benefits associated with the expenditure will flow to the Company and the cost of the item can be measured reliably. All other repair and maintenance costs are charged to the Statement of Comprehensive Income during the financial period in which they are incurred.