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REGISTERED NUMBER: 08755108 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NADLAN LTD

NADLAN LTD (REGISTERED NUMBER: 08755108)






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 4


NADLAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C A Aksler
A C Sufrin





REGISTERED OFFICE: 74 Brent Street
London
NW4 2ES





REGISTERED NUMBER: 08755108 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

NADLAN LTD (REGISTERED NUMBER: 08755108)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 880,000 731,908
880,000 731,908

CURRENT ASSETS
Debtors 6 12,500 14,221
Cash at bank 2,625 604
15,125 14,825
CREDITORS
Amounts falling due within one year 7 (150,494 ) (126,220 )
NET CURRENT LIABILITIES (135,369 ) (111,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,631

620,513

CREDITORS
Amounts falling due after more than one
year

8

(624,185

)

(624,409

)

PROVISIONS FOR LIABILITIES (13,675 ) -
NET ASSETS/(LIABILITIES) 106,771 (3,896 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 134,417 -
Retained earnings 12 (27,746 ) (3,996 )
SHAREHOLDERS' FUNDS 106,771 (3,896 )

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.

NADLAN LTD (REGISTERED NUMBER: 08755108)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





A C Sufrin - Director


NADLAN LTD (REGISTERED NUMBER: 08755108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Nadlan Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 NIL (2022 - NIL).

NADLAN LTD (REGISTERED NUMBER: 08755108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 2,400
DEPRECIATION
At 1 November 2022
and 31 October 2023 2,400
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 731,908
Revaluations 148,092
At 31 October 2023 880,000
NET BOOK VALUE
At 31 October 2023 880,000
At 31 October 2022 731,908

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 148,092
Cost 731,908
880,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 10,721
Other debtors 2,500 3,500
Prepayments and accrued income 10,000 -
12,500 14,221

NADLAN LTD (REGISTERED NUMBER: 08755108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 7,758 5,331
Tax 7,772 7,772
Other creditors 48,730 15,420
Rent deposit 2,827 2,827
Directors' current accounts 81,197 90,374
Accrued expenses 2,210 4,496
150,494 126,220

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 617,531 615,293
Other loans (see note 9) 6,654 9,116
624,185 624,409

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 617,531 615,293

Repayable by instalments
Other loans more 5yrs instal 6,654 9,116

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 617,531 615,293

Repayable by instalments
Other loans more 5yrs instal 6,654 9,116

NADLAN LTD (REGISTERED NUMBER: 08755108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 617,531 615,293
Other loans 6,654 9,116
624,185 624,409

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £6,654 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 (3,996 ) - (3,996 )
Profit for the year 110,667 110,667
Fair value reserve (134,417 ) 134,417 -
At 31 October 2023 (27,746 ) 134,417 106,671

13. ULTIMATE CONTROLLING PARTY

The controlling party is A C Sufrin.