0 false false false false false false false false false true false false false false false true No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 340,000 340,000 340,000 xbrli:pure xbrli:shares iso4217:GBP 12061701 2022-07-01 2023-06-30 12061701 2023-06-30 12061701 2022-06-30 12061701 bus:Director1 2022-07-01 2023-06-30 12061701 core:WithinOneYear 2023-06-30 12061701 core:WithinOneYear 2022-06-30 12061701 core:AfterOneYear 2023-06-30 12061701 core:AfterOneYear 2022-06-30 12061701 core:ShareCapital 2023-06-30 12061701 core:ShareCapital 2022-06-30 12061701 core:RetainedEarningsAccumulatedLosses 2023-06-30 12061701 core:RetainedEarningsAccumulatedLosses 2022-06-30 12061701 core:LandBuildings 2023-06-30 12061701 core:LandBuildings 2022-06-30 12061701 bus:SmallEntities 2022-07-01 2023-06-30 12061701 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12061701 bus:FullAccounts 2022-07-01 2023-06-30 12061701 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12061701 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 12061701
Nottingham Heritage Investments Ltd
Filleted Unaudited Financial Statements
30 June 2023
Nottingham Heritage Investments Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
340,000
340,000
Current assets
Debtors
5
40,628
74,650
Cash at bank and in hand
26,693
100
--------
--------
67,321
74,750
Creditors: amounts falling due within one year
6
205,658
27,273
---------
--------
Net current (liabilities)/assets
( 138,337)
47,477
---------
---------
Total assets less current liabilities
201,663
387,477
Creditors: amounts falling due after more than one year
7
120,000
340,000
---------
---------
Net assets
81,663
47,477
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
81,563
47,377
--------
--------
Shareholders funds
81,663
47,477
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nottingham Heritage Investments Ltd
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 4 March 2024 , and are signed on behalf of the board by:
ND Griffiths
Director
Company registration number: 12061701
Nottingham Heritage Investments Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 184 Nottingham Road, Nottingham, NG7 7BA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Tangible assets
Land and buildings
£
Cost
At 1 July 2022 and 30 June 2023
340,000
---------
Depreciation
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
340,000
---------
At 30 June 2022
340,000
---------
5. Debtors
2023
2022
£
£
Trade debtors
40,628
74,650
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
194,978
16,249
Corporation tax
9,200
9,787
Other creditors
1,480
1,237
---------
--------
205,658
27,273
---------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
120,000
340,000
---------
---------
The creditors are secured.