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REGISTERED NUMBER: 08725099 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

NICHOLLS DEVELOPMENTS LIMITED

NICHOLLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08725099)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NICHOLLS DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R Nicholls
B Nicholls





REGISTERED OFFICE: Brownings Barn
Glasshouse Lane
Kirdford
Billingshurst
West Sussex
RH14 0LW





REGISTERED NUMBER: 08725099 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

NICHOLLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08725099)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Stocks 632,074 630,074
Cash at bank 5,885 8,798
637,959 638,872
CREDITORS
Amounts falling due within one year 4 527,624 527,924
NET CURRENT ASSETS 110,335 110,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,335

110,948

CAPITAL AND RESERVES
Called up share capital 5 4 4
Retained earnings 6 110,331 110,944
SHAREHOLDERS' FUNDS 110,335 110,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





R Nicholls - Director


NICHOLLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08725099)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Nicholls Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 calculated at the rate of the invoiced amount of property development.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 116 116
Other creditors 527,508 527,808
527,624 527,924

NICHOLLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08725099)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
4 Share capital 1 1 4 4

6. RESERVES
Retained
earnings
£   

At 1 November 2022 110,944
Deficit for the year (613 )
At 31 October 2023 110,331

7. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from Nicholls Countryside Construction Limited which is under common control and amounts to £ 526,848. ( 2022 £ 526,848).. This loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Nicholls and Mr B Nicholls..