IRIS Accounts Production v24.1.9.2 09580682 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095806822023-05-31095806822024-05-31095806822023-06-012024-05-31095806822022-05-31095806822022-06-012023-05-31095806822023-05-3109580682ns14:PoundSterling2023-06-012024-05-3109580682ns10:Director12023-06-012024-05-3109580682ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109580682ns10:SmallEntities2023-06-012024-05-3109580682ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3109580682ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109580682ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109580682ns10:FullAccounts2023-06-012024-05-3109580682ns10:Director22023-06-012024-05-3109580682ns10:CompanySecretary12023-06-012024-05-3109580682ns10:RegisteredOffice2023-06-012024-05-3109580682ns5:CurrentFinancialInstruments2024-05-3109580682ns5:CurrentFinancialInstruments2023-05-3109580682ns5:ShareCapital2024-05-3109580682ns5:ShareCapital2023-05-3109580682ns5:RetainedEarningsAccumulatedLosses2024-05-3109580682ns5:RetainedEarningsAccumulatedLosses2023-05-31
REGISTERED NUMBER: 09580682















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

NKWAZI PROPERTY INVESTMENT LIMITED

NKWAZI PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 09580682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


NKWAZI PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs S R Jenkinson
G G Jenkinson





SECRETARY:





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 09580682





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough Hosue
298 Regents Park Road
London
N3 2SZ

NKWAZI PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 09580682)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MAY 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property investment.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

Mrs S R Jenkinson
G G Jenkinson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs S R Jenkinson - Director


22 July 2024

NKWAZI PROPERTY INVESTMENT LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NKWAZI PROPERTY INVESTMENT LIMITED


In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 May 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough Hosue
298 Regents Park Road
London
N3 2SZ


22 July 2024

NKWAZI PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 09580682)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 93,531 -

Administrative expenses 440 837
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 93,091 (837 )

Tax on profit/(loss) 4 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

93,091

(837

)

NKWAZI PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 09580682)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Cash at bank 110,791 2,795

CREDITORS
Amounts falling due within one year 5 157,593 142,688
NET CURRENT LIABILITIES (46,802 ) (139,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,802

)

(139,893

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (46,804 ) (139,895 )
(46,802 ) (139,893 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mrs S R Jenkinson - Director


NKWAZI PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 09580682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Nkwazi Property Investment Limited is a private company, limited by shares , registered in Not specified/Other. 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
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TAXATION

The company has carried forward tax losses of £46,804 (2023 - £139,895) which it can use against future taxable profits.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 157,593 142,688