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Company Registration No. 10336281 (England and Wales)
NIMIT MANAGEMENT LTD Unaudited accounts for the year ended 31 August 2023
NIMIT MANAGEMENT LTD Unaudited accounts Contents
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NIMIT MANAGEMENT LTD Company Information for the year ended 31 August 2023
Directors
Amit Kumar Maheshwari Nidhi MAHESHWARI
Company Number
10336281 (England and Wales)
Registered Office
71 Windsor Drive Orpington BR6 6HD England
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NIMIT MANAGEMENT LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
718,267 
716,267 
Current assets
Debtors
1,776 
- 
Cash at bank and in hand
63,700 
21,944 
65,476 
21,944 
Creditors: amounts falling due within one year
(2,321)
(500)
Net current assets
63,155 
21,444 
Total assets less current liabilities
781,422 
737,711 
Creditors: amounts falling due after more than one year
(831,259)
(797,442)
Net liabilities
(49,837)
(59,731)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(49,937)
(59,831)
Shareholders' funds
(49,837)
(59,731)
For the year ending 31 August 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 11 March 2024 and were signed on its behalf by
Amit Kumar Maheshwari Director Company Registration No. 10336281
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NIMIT MANAGEMENT LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
NIMIT MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 10336281. The registered office is 71 Windsor Drive, Orpington, BR6 6HD, England.
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.
3
Accounting policies
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
761,020 
Additions
2,000 
At 31 August 2023
763,020 
Depreciation
At 1 September 2022
44,753 
At 31 August 2023
44,753 
Net book value
At 31 August 2023
718,267 
At 31 August 2022
716,267 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,776 
- 
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NIMIT MANAGEMENT LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,321 
- 
Accruals
- 
500 
2,321 
500 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
582,409 
540,243 
Loans from directors
248,850 
257,199 
831,259 
797,442 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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