NAT ASSETS AND PROPERTIES LIMITED

Company Registration Number:
13147908 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

NAT ASSETS AND PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

NAT ASSETS AND PROPERTIES LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Niyas Jegabarali
Registered office: 5
Studley Road
Luton
England
LU3 1BB
Company Registration Number: 13147908 (England and Wales)

NAT ASSETS AND PROPERTIES LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

Buying and selling of own real estate, other letting and operating of own or leases real estate and management of real estate on a fee or contract basis.

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Niyas Jegabarali

This report was approved by the board of directors on 29 February 2024
And Signed On Behalf Of The Board By:

Name: Niyas Jegabarali
Status: Director

NAT ASSETS AND PROPERTIES LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 20,427 17,028
Cost of sales ( 13,323 ) ( 9,234 )
Gross Profit or (Loss) 7,104 7,794
Administrative Expenses ( 2,330 ) ( 2,972 )
Operating Profit or (Loss) 4,774 4,822
Profit or (Loss) Before Tax 4,774 4,822
Profit or (Loss) for Period 4,774 4,822

The notes form part of these financial statements

NAT ASSETS AND PROPERTIES LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 242,000 242,000
Total fixed assets: 242,000 242,000
Current assets
Cash at bank and in hand: 832
Total current assets: 832
Creditors: amounts falling due within one year: 5 ( 13,254 )
Net current assets (liabilities): ( 13,254 ) 832
Total assets less current liabilities: 228,746 242,832
Creditors: amounts falling due after more than one year: 6 ( 235,404 ) ( 254,265 )
Total net assets (liabilities): ( 6,658 ) ( 11,433 )

The notes form part of these financial statements

NAT ASSETS AND PROPERTIES LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 6,758 ) ( 11,533 )
Shareholders funds: ( 6,658 ) ( 11,433 )

For the year ending 31 January 2024 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.

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 29 February 2024
And Signed On Behalf Of The Board By:

Name: Niyas Jegabarali
Status: Director

The notes form part of these financial statements

NAT ASSETS AND PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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

    Turnover policy

    Turnover represents gross invoiced sales of services, less value added tax calculated at a flat rate on those gross sales, which are recognised when the services are provided.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

    Land and Buildings - no depreciation
    Plant and Machinery - 3 to 5 years"

NAT ASSETS AND PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

NAT ASSETS AND PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

NAT ASSETS AND PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 February 2023 242,000 242,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 242,000 242,000
Depreciation
At 01 February 2023 0 0
Charge for year 0 0
On disposals - -
Other adjustments - -
At 31 January 2024 0 0
Net book value
At 31 January 2024 242,000 242,000
At 31 January 2023 242,000 242,000

NAT ASSETS AND PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 13,254
Total 13,254

NAT ASSETS AND PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 235,404 254,265
Total 235,404 254,265

Property Mortgage 25 year term