NASITRA LIMITED |
Unaudited Financial Statements |
for the Year Ended 31st March 2023 |
NASITRA LIMITED |
Unaudited Financial Statements |
for the Year Ended 31st March 2023 |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Contents of the Financial Statements |
for the year ended 31st March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
NASITRA LIMITED |
Company Information |
for the year ended 31st March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Balance Sheet |
31st March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Revaluation reserve | 12 | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Balance Sheet - continued |
31st March 2023 |
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 |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Notes to the Financial Statements |
for the year ended 31st March 2023 |
1. | STATUTORY INFORMATION |
Nasitra Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
The estimates and assumptions that have a high risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are: |
Investment properties are reviewed annually and are revalued in line with managements' opinion of the value of those properties at each balance sheet date. The revaluation is based on historical experience as well as considering future events which may impact the value of investment property, such as changes in market demands. |
Turnover |
Turnover represents rents received, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost, as an accurate fair valuation could not be obtained. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
Debtors, creditors, directors loan (being repayable on demand) and intercompany loans (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received. |
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 balance sheet date. |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2022 |
Additions |
At 31st March 2023 |
DEPRECIATION |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st March 2022 |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1st April 2022 | 8,260 |
Additions | 1 |
At 31st March 2023 | 8,261 |
NET BOOK VALUE |
At 31st March 2023 | 8,261 |
At 31st March 2022 | 8,260 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st April 2022 |
Revaluations | (42,903 | ) |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st March 2022 |
Fair value at 31st March 2023 is represented by: |
£ |
Valuation in 2023 | (42,903 | ) |
Cost | 2,646,583 |
2,603,680 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security | ( |
) |
Other creditors |
NASITRA LIMITED (REGISTERED NUMBER: 04749021) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Loans | 751,176 | 1,433,205 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
11. | CALLED UP SHARE CAPITAL |
170,000 Ordinary shares at £0.01p per share totalling £1700 |
1 'A' Ordinary shares at £0.01p per share totalling £0.01p |
1 'B' Ordinary shares at £0.01p per share totalling £0.01p |
1 A Ordinary share at £0.01p per share was issued during the year. |
1 B Ordinary share at £0.01p per share was issued during the year. |
The existing 1700 Ordinary shares were sub-divided into 170,000 shares at £0.01p per share during the year. |
12. | RESERVES |
Revaluation |
reserve |
£ |
Transfer reserves | (34,752 | ) |
At 31st March 2023 | ( |
) |
13. | RELATED PARTY DISCLOSURES |
Included in other debtors is the amount of £465,285 (2022-£24,242) owing from Kollko Limited, a company whose director is Mr N Kollakis and shareholder is Mrs H Kollakis. |
Included in creditors is the amount of £99,941 (2022- £11,743) owing to Tansari Limited, a wholly owned subsidiary in which the director Mr N Kollakis controls. |