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REGISTERED NUMBER: 05928434 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

NSS Properties Limited

NSS Properties Limited (Registered number: 05928434)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NSS Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: S Sharma





SECRETARY: Dr. N Sharma





REGISTERED OFFICE: 191 Adel Lane
Leeds
West Yorkshire
LS16 8BY





REGISTERED NUMBER: 05928434 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

NSS Properties Limited (Registered number: 05928434)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 225,000 225,000
Tangible assets 5 2,794,586 2,918,129
Investments 6 120,000 120,000
3,139,586 3,263,129

CURRENT ASSETS
Stocks 14,740 15,555
Debtors 7 3,996,535 3,871,998
Cash at bank 4,092,417 1,711,959
8,103,692 5,599,512
CREDITORS
Amounts falling due within one year 8 978,093 433,997
NET CURRENT ASSETS 7,125,599 5,165,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,265,185

8,428,644

CREDITORS
Amounts falling due after more than one
year

9

(149,488

)

(239,181

)

PROVISIONS FOR LIABILITIES (189,464 ) (209,291 )
NET ASSETS 9,926,233 7,980,172

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,926,133 7,980,072
SHAREHOLDERS' FUNDS 9,926,233 7,980,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

NSS Properties Limited (Registered number: 05928434)

Balance Sheet - continued
30 September 2023


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 23 February 2024 and were signed by:





S Sharma - Director


NSS Properties Limited (Registered number: 05928434)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

NSS Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


NSS Properties Limited (Registered number: 05928434)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 225,000
NET BOOK VALUE
At 30 September 2023 225,000
At 30 September 2022 225,000

NSS Properties Limited (Registered number: 05928434)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 1,709,051 1,939,979 3,649,030
Additions - 69,429 69,429
At 30 September 2023 1,709,051 2,009,408 3,718,459
DEPRECIATION
At 1 October 2022 - 730,901 730,901
Charge for year - 192,972 192,972
At 30 September 2023 - 923,873 923,873
NET BOOK VALUE
At 30 September 2023 1,709,051 1,085,535 2,794,586
At 30 September 2022 1,709,051 1,209,078 2,918,129

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Long-term debt securities 120,000 120,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 377,283 307,251
J Patel & P Hansrani Loan 260,851 260,851
TOTO Project 3,325,147 3,290,147
Prepayments 33,254 13,749
3,996,535 3,871,998

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 63,649 8,456
Tax 736,122 160,261
Social security and other taxes 16,045 15,432
VAT 2,089 2,089
Directors' current accounts 156,171 242,542
Deferred Income 4,017 4,017
Accrued expenses - 1,200
978,093 433,997

NSS Properties Limited (Registered number: 05928434)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounce back loan 27,118 36,118
Loan AC 76,879 98,958
Loan AC 2 45,491 104,105
149,488 239,181

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bounce back loan 27,118 36,118

Repayable by instalments
Loan AC 76,879 98,958
Loan AC 2 45,491 104,105
122,370 203,063