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REGISTERED NUMBER: 07216362 (England and Wales)
















NAVIGATION COURT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023






NAVIGATION COURT LIMITED (REGISTERED NUMBER: 07216362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAVIGATION COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: D C Pugh
H Pugh





REGISTERED OFFICE: 16 Henley Close
Rawdon
Leeds
West Yorkshire
LS19 6QB





REGISTERED NUMBER: 07216362 (England and Wales)





ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

NAVIGATION COURT LIMITED (REGISTERED NUMBER: 07216362)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151 527
Investment property 5 2,000,000 1,920,000
2,000,151 1,920,527

CURRENT ASSETS
Debtors 6 2,384 8,110
Cash at bank 24,964 7,777
27,348 15,887
CREDITORS
Amounts falling due within one year 7 64,072 84,542
NET CURRENT LIABILITIES (36,724 ) (68,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,963,427

1,851,872

CREDITORS
Amounts falling due after more than one
year

8

(237,349

)

(236,676

)

PROVISIONS FOR LIABILITIES (240,803 ) (220,864 )
NET ASSETS 1,485,275 1,394,332

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 884,916 824,917
Retained earnings 600,357 569,413
SHAREHOLDERS' FUNDS 1,485,275 1,394,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

NAVIGATION COURT LIMITED (REGISTERED NUMBER: 07216362)

BALANCE SHEET - continued
5 APRIL 2023


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 Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





D C Pugh - Director


NAVIGATION COURT LIMITED (REGISTERED NUMBER: 07216362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Navigation Court 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and 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' (FRS 102) and the Companies Act 2006.

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover
Turnover represents rental income from property.

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 - 25% on cost

Investment property
Investment properties are shown at their fair value. Gains are recognised in the fair value reserve which is a non-distributable reserve.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, with the provision adjusted against the fair value reserve.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

NAVIGATION COURT LIMITED (REGISTERED NUMBER: 07216362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 1,502
DEPRECIATION
At 6 April 2022 975
Charge for year 376
At 5 April 2023 1,351
NET BOOK VALUE
At 5 April 2023 151
At 5 April 2022 527

5. INVESTMENT PROPERTY

The investment property was last revalued by the directors in 2023.

Investment property is accounted for using the fair value model. The Directors have assessed the investment property value as at 5 April 2023 and are of the opinion that the revised carrying value is appropriate.

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2013 236,883
Valuation in 2014 300,000
Valuation in 2018 260,000
Valuation in 2020 140,000
Valuation in 2021 100,000
Valuation in 2022 8,798
Valuation in 2023 80,000
Cost 874,319
2,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,384 8,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,332 26,553
Other creditors 56,740 57,989
64,072 84,542

NAVIGATION COURT LIMITED (REGISTERED NUMBER: 07216362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 237,349 236,676

9. RESERVES
Fair
value
reserve
£   
At 6 April 2022 824,917
Fair Value 59,999

At 5 April 2023 884,916