IRIS Accounts Production v23.2.0.158 09634620 director 1.7.22 30.6.23 30.6.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096346202022-06-30096346202023-06-30096346202022-07-012023-06-30096346202021-06-30096346202021-07-012022-06-30096346202022-06-3009634620ns10:Originalns15:EnglandWales2022-07-012023-06-3009634620ns14:PoundSterlingns10:Original2022-07-012023-06-3009634620ns10:Originalns10:Director12022-07-012023-06-3009634620ns10:Original2022-07-012023-06-3009634620ns10:Original2023-06-3009634620ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009634620ns10:Originalns10:SmallEntities2022-07-012023-06-3009634620ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009634620ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009634620ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3009634620ns10:Originalns10:FullAccounts2022-07-012023-06-3009634620ns10:Original12022-07-012023-06-3009634620ns10:Originalns10:RegisteredOffice2022-07-012023-06-3009634620ns10:Original2022-06-3009634620ns10:Originalns5:CurrentFinancialInstruments2023-06-3009634620ns10:Originalns5:CurrentFinancialInstruments2022-06-3009634620ns10:Originalns5:Non-currentFinancialInstruments2023-06-3009634620ns10:Originalns5:Non-currentFinancialInstruments2022-06-3009634620ns5:ShareCapitalns10:Original2023-06-3009634620ns5:ShareCapitalns10:Original2022-06-3009634620ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3009634620ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3009634620ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3009634620ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3009634620ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3009634620ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-07-012023-06-3009634620ns10:Original2021-07-012022-06-3009634620ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-3009634620ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-06-3009634620ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-3009634620ns10:Originalns5:PlantMachinery2022-06-3009634620ns10:Originalns5:PlantMachinery2022-07-012023-06-3009634620ns10:Originalns5:PlantMachinery2023-06-3009634620ns10:Originalns5:PlantMachinery2022-06-3009634620ns10:Original2022-06-3009634620ns5:Securedns10:Original2023-06-3009634620ns5:Securedns10:Original2022-06-3009634620ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-30
REGISTERED NUMBER: 09634620 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Nest Property (Nw) Ltd

Nest Property (Nw) Ltd (Registered number: 09634620)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nest Property (Nw) Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R D Ware





REGISTERED OFFICE: 123 Picton Road
Liverpool
Merseyside
L15 4LF





REGISTERED NUMBER: 09634620 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Nest Property (Nw) Ltd (Registered number: 09634620)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,248 1,456
Tangible assets 5 3,111 2,432
Investment property 6 3,117,333 2,615,001
3,121,692 2,618,889

CURRENT ASSETS
Cash at bank and in hand 4,776 98,455

CREDITORS
Amounts falling due within one year 7 226,059 131,981
NET CURRENT LIABILITIES (221,283 ) (33,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,900,409

2,585,363

CREDITORS
Amounts falling due after more than one
year

8

(1,777,643

)

(1,507,354

)

PROVISIONS FOR LIABILITIES (255,543 ) (210,887 )
NET ASSETS 867,223 867,122

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 766,627 811,282
Retained earnings 100,496 55,740
867,223 867,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Nest Property (Nw) Ltd (Registered number: 09634620)

Balance Sheet - continued
30 June 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 director and authorised for issue on 7 February 2024 and were signed by:





R D Ware - Director


Nest Property (Nw) Ltd (Registered number: 09634620)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Nest Property (Nw) Ltd 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
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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Nest Property (Nw) Ltd (Registered number: 09634620)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 2,080
AMORTISATION
At 1 July 2022 624
Charge for year 208
At 30 June 2023 832
NET BOOK VALUE
At 30 June 2023 1,248
At 30 June 2022 1,456

Nest Property (Nw) Ltd (Registered number: 09634620)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 22,342
Additions 2,801
At 30 June 2023 25,143
DEPRECIATION
At 1 July 2022 19,910
Charge for year 2,122
At 30 June 2023 22,032
NET BOOK VALUE
At 30 June 2023 3,111
At 30 June 2022 2,432

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 2,615,001
Additions 502,332
At 30 June 2023 3,117,333
NET BOOK VALUE
At 30 June 2023 3,117,333
At 30 June 2022 2,615,001

The properties are held at fair value and have been valued by the directors.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 84,384 96,540
Trade creditors (810 ) 8,156
Taxation and social security 29,535 12,855
Other creditors 112,950 14,430
226,059 131,981

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,777,643 1,507,354

Nest Property (Nw) Ltd (Registered number: 09634620)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,456,383 1,121,194

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 1,862,027 1,603,894

All loans in relation to investment properties are secured with fixed charges against the relevant properties.

10. RESERVES
Fair
value
reserve
£   
At 1 July 2022 811,282
Transfer to fair value reserve (44,655 )

At 30 June 2023 766,627