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REGISTERED NUMBER: 13908458 (England and Wales)












Nat A Leigh Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Nat A Leigh Limited (Registered number: 13908458)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Nat A Leigh Limited

Company Information
for the Year Ended 29 February 2024







Director: N A Leigh





Registered office: 196 Billinge Road
Wigan
WN5 9JE





Registered number: 13908458 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Nat A Leigh Limited (Registered number: 13908458)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Investment property 4 233,215 233,215

Current assets
Cash at bank 14,577 6,607

Creditors
Amounts falling due within one year 5 75,270 73,526
Net current liabilities (60,693 ) (66,919 )
Total assets less current liabilities 172,522 166,296

Creditors
Amounts falling due after more than one
year

6

169,613

167,585
Net assets/(liabilities) 2,909 (1,289 )

Capital and reserves
Called up share capital 1 1
Retained earnings 2,908 (1,290 )
2,909 (1,289 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Nat A Leigh Limited (Registered number: 13908458)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 26 March 2024 and were signed by:





N A Leigh - Director


Nat A Leigh Limited (Registered number: 13908458)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Nat A Leigh 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Investment property
Total
£   
Fair value
At 1 March 2023
and 29 February 2024 233,215
Net book value
At 29 February 2024 233,215
At 28 February 2023 233,215

Nat A Leigh Limited (Registered number: 13908458)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. Investment property - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 233,215

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

29.2.24 28.2.23
£    £   
Cost 233,215 -

Investment property was valued on an open market basis on 29 February 2024 by the director .

5. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Taxation and social security 685 -
Other creditors 74,585 73,526
75,270 73,526

6. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Bank loans 169,613 167,585

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 169,613 167,585