2022-06-012023-05-312023-05-31false09381730NAHIL PROPERTY 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NAHIL PROPERTY LTD

Registered Number
09381730
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

NAHIL PROPERTY LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

Rajinder Bhangal
Daljit Singh Nahil

Registered Address

12 The Firs
Coventry
CV5 6QD

Registered Number

09381730 (England and Wales)
NAHIL PROPERTY LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets372,117372,117
372,117372,117
Current assets
Debtors7364,378310,416
Cash at bank and on hand123,750123,009
488,128433,425
Creditors amounts falling due within one year8547,862532,190
Net current assets (liabilities)(59,734)(98,765)
Total assets less current liabilities312,383273,352
Creditors amounts falling due after one year9277,395272,594
Net assets34,988758
Capital and reserves
Called up share capital100100
Profit and loss account34,888658
Shareholders' funds34,988758
The financial statements were approved and authorised for issue by the Board of Directors on 6 December 2023, and are signed on its behalf by:
Daljit Singh Nahil
Director
Registered Company No. 09381730
NAHIL PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
5.Employee information

20232022
Average number of employees during the year11
6.Directors advances, credits and guarantees
At the balance sheet date, the amount owed to the director, Mr Daljit Nahil, was £1,807 (2022: £1,364 Dr).
7.Debtors

2023

2022

££
Other debtors55,000-
Prepayments and accrued income3791,417
Other debtors (Non-current)308,999308,999
Total364,378310,416
8.Creditors within one year

2023

2022

££
Amounts owed to related parties529,480529,480
Taxation and social security15,31081
Other creditors1,8071,364
Accrued liabilities and deferred income1,2651,265
Total547,862532,190
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts277,395272,594
Total277,395272,594