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REGISTERED NUMBER: 11516549 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Simon Nash Properties Limited

Simon Nash Properties Limited (Registered number: 11516549)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained
Earnings

3

Balance Sheet 4

Notes to the Financial Statements 6


Simon Nash Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S J Nash





REGISTERED OFFICE: 221 Phoenix Way
Portishead
Bristol
Somerset
BS20 7PB





REGISTERED NUMBER: 11516549 (England and Wales)





ACCOUNTANTS: ATS Accounting & Tax Solutions Ltd
6 Corfield Close
Finchampstead
Wokingham
Berkshire
RG40 4PA

Simon Nash Properties Limited (Registered number: 11516549)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property rental.

DIRECTOR
S J Nash held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S J Nash - Director


20 November 2023

Simon Nash Properties Limited (Registered number: 11516549)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER - -

Administrative expenses 3,682 4,193
(3,682 ) (4,193 )

Other operating income 15,750 16,391
OPERATING PROFIT 12,068 12,198

Gain/loss on revaluation of
investment property

81,902

-
93,970 12,198

Interest payable and similar
expenses

7,363

9,239
PROFIT BEFORE TAXATION 86,607 2,959

Tax on profit 16,455 562
PROFIT FOR THE FINANCIAL
YEAR

70,152

2,397

Retained earnings at beginning of
year

3,973

3,576

Dividends 4 (2,000 ) (2,000 )

RETAINED EARNINGS AT END
OF YEAR

72,125

3,973

Simon Nash Properties Limited (Registered number: 11516549)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 420,000 338,098

CURRENT ASSETS
Cash at bank 17,865 15,075

CREDITORS
Amounts falling due within one
year

6

129,546

129,601
NET CURRENT LIABILITIES (111,681 ) (114,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,319

223,572

CREDITORS
Amounts falling due after more
than one year

7

(220,533

)

(219,499

)

PROVISIONS FOR LIABILITIES (15,561 ) -
NET ASSETS 72,225 4,073

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,125 3,973
SHAREHOLDERS' FUNDS 72,225 4,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Simon Nash Properties Limited (Registered number: 11516549)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





S J Nash - Director


Simon Nash Properties Limited (Registered number: 11516549)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Simon Nash Properties 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 as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2022 - 1 ) .

4. DIVIDENDS
2023 2022
£    £   
Ordinary shares of 1 each
Interim 2,000 2,000

Simon Nash Properties Limited (Registered number: 11516549)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 338,098
Revaluations 81,902
At 31 March 2023 420,000
NET BOOK VALUE
At 31 March 2023 420,000
At 31 March 2022 338,098

The property was valued by the director in 2023 at £420000, based on internet valuation reports of similar properties in the area. The valuation was not carried out by an independent professional valuer.The deferred tax on the revaluation reserve is based on current tax rates. The increase in value of the property of £81902, less the deferred tax of £15561, is not distributable but is included under Retained earnings. An amount of £66341 included under Retained earnings is therefore not distributable.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 81,902
Cost 338,098
420,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 668 -
Taxation and social security 894 562
Other creditors 127,984 129,039
129,546 129,601

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 220,533 219,499

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 220,533 219,499