Company Registration No. 13160506 (England and Wales)
Nagra Homes Limited
Unaudited accounts
for the year ended 30 September 2023
Nagra Homes Limited
Unaudited accounts
Contents
Nagra Homes Limited
Company Information
for the year ended 30 September 2023
Directors
Jaskaranjeet Nagra
Damanjeet Nagra
Company Number
13160506 (England and Wales)
Registered Office
11 LOFTUS LANE
NEWPORT
NP19 0PJ
WALES
Nagra Homes Limited
Statement of financial position
as at 30 September 2023
Investment property
262,041
-
Cash at bank and in hand
8,819
5
Creditors: amounts falling due within one year
(66,048)
(547)
Net current liabilities
(57,229)
(542)
Total assets less current liabilities
204,812
(542)
Creditors: amounts falling due after more than one year
(183,600)
-
Net assets/(liabilities)
21,212
(542)
Called up share capital
2
2
Profit and loss account
21,210
(544)
Shareholders' funds
21,212
(542)
For the year ending 30 September 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2023 and were signed on its behalf by
Jaskaranjeet Nagra
Director
Company Registration No. 13160506
Nagra Homes Limited
Notes to the Accounts
for the year ended 30 September 2023
Nagra Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 13160506. The registered office is 11 LOFTUS LANE, NEWPORT, NP19 0PJ, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
At 30 September 2023
262,041
At the year end, the directors consider the market value of the investment properties to be £240,000.
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,975
-
Loans from directors
60,598
397
6
Creditors: amounts falling due after more than one year
2023
2022
7
Transactions with related parties
At the year end, the Company owed the director, Mr Jaskarenjeet Nagra, £60,598. This loan is interest free and repayable on demand.
Nagra Homes Limited
Notes to the Accounts
for the year ended 30 September 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).