Company Registration No. SC703522 (Scotland)
Nomad Property Investments Ltd
Unaudited accounts
for the year ended 31 July 2023
Nomad Property Investments Ltd
Unaudited accounts
Contents
Nomad Property Investments Ltd
Company Information
for the year ended 31 July 2023
Directors
Craig Maiden
Leanne Maiden
Company Number
SC703522 (Scotland)
Registered Office
48 Montrose Drive
Bearsden
Glasgow
East Dunbartonshire
G61 3LG
Scotland
Accountants
FBD Consultancy, Accounts & Tax Ltd
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Nomad Property Investments Ltd
for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Nomad Property Investments Ltd for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
FBD Consultancy, Accounts & Tax Ltd
Chartered Accountants
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
28 March 2024
Nomad Property Investments Ltd
Statement of financial position
as at 31 July 2023
Investment property
85,000
73,194
Cash at bank and in hand
429
551
Creditors: amounts falling due within one year
(35,440)
(34,890)
Net current liabilities
(34,242)
(34,179)
Total assets less current liabilities
50,758
39,015
Creditors: amounts falling due after more than one year
(45,249)
(45,249)
Provisions for liabilities
Net assets/(liabilities)
3,266
(6,234)
Called up share capital
200
200
Profit and loss account
3,066
(6,434)
Shareholders' funds
3,266
(6,234)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Craig Maiden
Director
Company Registration No. SC703522
Nomad Property Investments Ltd
Notes to the Accounts
for the year ended 31 July 2023
Nomad Property Investments Ltd is a private company, limited by shares, registered in Scotland, registration number SC703522. The registered office is 48 Montrose Drive, Bearsden, Glasgow, East Dunbartonshire, G61 3LG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 August 2022
73,194
Net gain from fair value adjustments
11,806
Amounts falling due within one year
Accrued income and prepayments
439
-
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
35,440
34,890
Nomad Property Investments Ltd
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
45,249
45,249
8
Deferred taxation
2023
2022
Revaluation of investment property
2,243
-
Charged to the profit and loss account
2,243
-
Provision at end of year
2,243
-
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).