Company Registration No. 11458390 (England and Wales)
Nag Properties Ltd
Unaudited accounts
for the year ended 31 July 2023
Nag Properties Ltd
Unaudited accounts
Contents
Nag Properties Ltd
Company Information
for the year ended 31 July 2023
Company Number
11458390 (England and Wales)
Registered Office
Thames House
3 Wellington Street
London
SE18 6NY
United Kingdom
Accountants
SAAP & Associates Limited
Thames House, 2nd Floor
3 Wellington Street
London
SE18 6NY
Nag Properties Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
434,048
436,620
Cash at bank and in hand
83
76
Creditors: amounts falling due within one year
(480)
(14,670)
Net current liabilities
(397)
(14,594)
Total assets less current liabilities
433,651
422,026
Creditors: amounts falling due after more than one year
(438,135)
(429,668)
Net liabilities
(4,484)
(7,642)
Called up share capital
1
1
Profit and loss account
(4,485)
(7,643)
Shareholders' funds
(4,484)
(7,642)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 28 February 2024 and were signed on its behalf by
Jason Nagra
Director
Company Registration No. 11458390
Nag Properties Ltd
Notes to the Accounts
for the year ended 31 July 2023
Nag Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11458390. The registered office is Thames House, 3 Wellington Street, London, SE18 6NY, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
423,756
20,100
443,856
At 31 July 2023
423,756
20,100
443,856
At 1 August 2022
-
7,236
7,236
Charge for the year
-
2,572
2,572
At 31 July 2023
-
9,808
9,808
At 31 July 2023
423,756
10,292
434,048
At 31 July 2022
423,756
12,864
436,620
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
-
12,900
Nag Properties Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
408,835
349,567
Loans from directors
29,300
80,101
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).