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REGISTERED NUMBER: 09089989 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Narey Capital Limited

Narey Capital Limited (Registered number: 09089989)






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


Narey Capital Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: G P Narey
Mrs J Narey





REGISTERED OFFICE: 1st Floor Offices
11 Penrhyn Avenue
Rhos on Sea
Conwy
LL28 4PS





REGISTERED NUMBER: 09089989 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Narey Capital Limited (Registered number: 09089989)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,425 11,058
Investments 5 654,846 661,000
Investment property 6 1,155,755 938,756
1,818,026 1,610,814

CURRENT ASSETS
Debtors 7 116,020 28,391
Cash at bank 63,837 77,514
179,857 105,905
CREDITORS
Amounts falling due within one year 8 737,785 426,302
NET CURRENT LIABILITIES (557,928 ) (320,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,260,098

1,290,417

CREDITORS
Amounts falling due after more than one
year

9

-

(120,000

)

PROVISIONS FOR LIABILITIES (40,247 ) (1,624 )
NET ASSETS 1,219,851 1,168,793

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property reserve 146,356 45,552
Retained earnings 1,073,395 1,123,141
SHAREHOLDERS' FUNDS 1,219,851 1,168,793

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 directors acknowledge their 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.

Narey Capital Limited (Registered number: 09089989)

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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





G P Narey - Director


Narey Capital Limited (Registered number: 09089989)

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

1. STATUTORY INFORMATION

Narey Capital 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiaries and associated undertakings are measured at cost less any provision for diminution in value

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Narey Capital Limited (Registered number: 09089989)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 19,324
Additions 2,459
Disposals (11,335 )
At 30 June 2023 10,448
DEPRECIATION
At 1 July 2022 8,266
Charge for year 1,310
Eliminated on disposal (6,553 )
At 30 June 2023 3,023
NET BOOK VALUE
At 30 June 2023 7,425
At 30 June 2022 11,058

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 611,525 49,475 661,000
Additions - 274 274
Disposals - (1,762 ) (1,762 )
Revaluations - (4,666 ) (4,666 )
At 30 June 2023 611,525 43,321 654,846
NET BOOK VALUE
At 30 June 2023 611,525 43,321 654,846
At 30 June 2022 611,525 49,475 661,000

Cost or valuation at 30 June 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2021 (298,000 ) 18,812 (279,188 )
Valuation in 2022 - (26,419 ) (26,419 )
Valuation in 2023 - (4,666 ) (4,666 )
Cost 909,525 55,594 965,119
611,525 43,321 654,846

Narey Capital Limited (Registered number: 09089989)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 938,756
Additions 134,113
Revaluations 82,886
At 30 June 2023 1,155,755
NET BOOK VALUE
At 30 June 2023 1,155,755
At 30 June 2022 938,756

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2019 (72,872 )
Valuation in 2020 42,007
Valuation in 2021 (76,470 )
Valuation in 2022 49,326
Valuation in 2023 82,886
Cost 1,130,878
1,155,755

If investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,130,878 996,765

Investment property was valued on a fair value basis on 30 June 2023 by the directors .

7. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 4,913 14,938
Amounts owed by group undertakings 105,000 -
Other debtors 6,107 9,865
116,020 24,803

Amounts falling due after more than one year:
Other debtors - 3,588

Aggregate amounts 116,020 28,391

Narey Capital Limited (Registered number: 09089989)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 123 -
Taxation and social security 17,474 20,615
Other creditors 720,188 405,687
737,785 426,302

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors - 120,000

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G & Mrs J Narey.