NAV HOMES LIMITED

Company Registration Number:
14133830 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 26 May 2022

End date: 31 May 2023

NAV HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NAV HOMES LIMITED

Company Information

for the Period Ended 31 May 2023




Director: Jai Gopal Nandwani
Deepika Nandwani
Registered office: 12
Sandy Lane North
Wallington
England
SM6 8JX
Company Registration Number: 14133830 (England and Wales)

NAV HOMES LIMITED

Directors' Report Period Ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal Activities

The Company's principal activities during the year continued to be that of Furnished Holiday Home letting.

Political and charitable donations

The Company's charitable donation during the year amounted to £0. No political donations were made.

Directors

The director(s) shown below were appointed to the company during the period
Jai Gopal Nandwani
26 May 2022
Deepika Nandwani
26 May 2022

This report was approved by the board of directors on 22 February 2024
And Signed On Behalf Of The Board By:

Name: Jai Gopal Nandwani
Status: Director

NAV HOMES LIMITED

Profit and Loss Account

for the Period Ended 31 May 2023


Notes

2023
£
Gross Profit or (Loss) 3,494
Administrative Expenses ( 14,020 )
Operating Profit or (Loss) ( 10,526 )
Interest Receivable and Similar Income 0
Profit or (Loss) Before Tax ( 10,526 )
Tax on Profit ( 0 )
Profit or (Loss) for Period ( 10,526 )

The notes form part of these financial statements

NAV HOMES LIMITED

Balance sheet

As at 31 May 2023


Notes

2023
£
Fixed assets
Tangible assets: 4 598,720
Total fixed assets: 598,720
Current assets
Debtors: 157
Cash at bank and in hand: 6,426
Total current assets: 6,583
Prepayments and accrued income: 9,540
Creditors: amounts falling due within one year: ( 6,578 )
Net current assets (liabilities): 9,545
Total assets less current liabilities: 608,265
Creditors: amounts falling due after more than one year: 5 ( 618,790 )
Total net assets (liabilities): ( 10,525 )

The notes form part of these financial statements

NAV HOMES LIMITED

Balance sheet continued

As at 31 May 2023


Notes

2023
£
Capital and reserves
Called up share capital: 1
Profit and loss account: ( 10,526 )
Shareholders funds: ( 10,525 )

For the year ending 31 May 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 February 2024
And Signed On Behalf Of The Board By:

Name: Jai Gopal Nandwani
Status: Director

The notes form part of these financial statements

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023
    Average number of employees during the period 2

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
Additions 598,720
Disposals -
Revaluations -
Transfers -
At 31 May 2023 598,720
Depreciation
Charge for year -
On disposals -
Other adjustments -
At 31 May 2023 -
Net book value
At 31 May 2023 598,720

Acquired two residential properties for the purpose of Furnished holiday letting.

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due after more than one year note

Long term liabilities of mortgages 429680, corporate loan 70000 and directors loan 119110.