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REGISTERED NUMBER: 02922945 (England and Wales)















NANHILL MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






NANHILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02922945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


NANHILL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Professor R E Wetton
Mrs E A Wetton





SECRETARY: Mrs S N Inkley





REGISTERED OFFICE: Rempstone Hall
Ashby Road
Rempstone
Loughborough
Leicestershire
LE12 6RG





REGISTERED NUMBER: 02922945 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

NANHILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02922945)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 755 1,007
Investment property 5 565,000 565,000
565,755 566,007

CURRENT ASSETS
Debtors 6 10,833 10,686
Cash at bank 10,222 6,350
21,055 17,036
CREDITORS
Amounts falling due within one year 7 24,268 20,633
NET CURRENT LIABILITIES (3,213 ) (3,597 )
TOTAL ASSETS LESS CURRENT LIABILITIES 562,542 562,410

PROVISIONS FOR LIABILITIES 144 192
NET ASSETS 562,398 562,218

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Fair value reserve 260,785 260,785
Retained earnings 299,613 299,433
SHAREHOLDERS' FUNDS 562,398 562,218

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.

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 7 March 2024 and were signed on its behalf by:





Professor R E Wetton - Director


NANHILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02922945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Nanhill Management 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

The policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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.

Revenue
Revenue represents net invoiced value of rents receivable and services rendered, excluding value added tax.

Property, plant & equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant & equipment 25% reducing balance

Tangible fixed assets are held at cost less depreciation.

Investment property
Investment property is shown at fair value. Gains are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

NANHILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02922945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022 2,224
Disposals (434 )
At 30 June 2023 1,790
DEPRECIATION
At 1 July 2022 1,217
Charge for year 252
Eliminated on disposal (434 )
At 30 June 2023 1,035
NET BOOK VALUE
At 30 June 2023 755
At 30 June 2022 1,007

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 565,000
NET BOOK VALUE
At 30 June 2023 565,000
At 30 June 2022 565,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2018 260,785
Cost 304,215
565,000

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

2023 2022
£    £   
Cost 304,215 304,215

Investment property was valued on an open market basis on 17 October 2017 by Strutt & Parker .

The director believes there is no change in fair value to 30 June 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,430 10,325
Other debtors 403 361
10,833 10,686

NANHILL MANAGEMENT LIMITED (REGISTERED NUMBER: 02922945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,472 9,496
Other creditors 14,796 11,137
24,268 20,633

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
784 'A' Ordinary £1 784 784
358 'B' Ordinary £1 358 358
858 'C' Ordinary £1 858 858
2,000 2,000