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Company Registration No. 11458390 (England and Wales)
Nag Properties Ltd Unaudited accounts for the year ended 31 July 2023
Nag Properties Ltd Unaudited accounts Contents
Page
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Nag Properties Ltd Company Information for the year ended 31 July 2023
Director
Jason Nagra
Company Number
11458390 (England and Wales)
Registered Office
Thames House 3 Wellington Street London SE18 6NY United Kingdom
Accountants
SAAP & Associates Limited Thames House, 2nd Floor 3 Wellington Street London SE18 6NY
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Nag Properties Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
434,048 
436,620 
Current assets
Cash at bank and in hand
83 
76 
Creditors: amounts falling due within one year
(480)
(14,670)
Net current liabilities
(397)
(14,594)
Total assets less current liabilities
433,651 
422,026 
Creditors: amounts falling due after more than one year
(438,135)
(429,668)
Net liabilities
(4,484)
(7,642)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(4,485)
(7,643)
Shareholders' funds
(4,484)
(7,642)
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 director acknowledges his 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 and authorised for issue on 28 February 2024 and were signed on its behalf by
Jason Nagra Director Company Registration No. 11458390
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Nag Properties Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Nag Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11458390. The registered office is Thames House, 3 Wellington Street, London, SE18 6NY, United Kingdom.
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
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.
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 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
423,756 
20,100 
443,856 
At 31 July 2023
423,756 
20,100 
443,856 
Depreciation
At 1 August 2022
- 
7,236 
7,236 
Charge for the year
- 
2,572 
2,572 
At 31 July 2023
- 
9,808 
9,808 
Net book value
At 31 July 2023
423,756 
10,292 
434,048 
At 31 July 2022
423,756 
12,864 
436,620 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
- 
1,320 
Loans from directors
- 
12,900 
Accruals
480 
450 
480 
14,670 
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Nag Properties Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
408,835 
349,567 
Loans from directors
29,300 
80,101 
438,135 
429,668 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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