IRIS Accounts Production v24.1.9.2 09192888 director 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091928882022-10-31091928882023-10-31091928882022-11-012023-10-31091928882021-10-31091928882021-11-012022-10-31091928882022-10-3109192888ns15:EnglandWales2022-11-012023-10-3109192888ns14:PoundSterling2022-11-012023-10-3109192888ns10:Director12022-11-012023-10-3109192888ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109192888ns10:SmallEntities2022-11-012023-10-3109192888ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3109192888ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109192888ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109192888ns10:FullAccounts2022-11-012023-10-310919288812022-11-012023-10-3109192888ns10:CompanySecretary12022-11-012023-10-3109192888ns10:RegisteredOffice2022-11-012023-10-3109192888ns5:CurrentFinancialInstruments2023-10-3109192888ns5:CurrentFinancialInstruments2022-10-3109192888ns5:ShareCapital2023-10-3109192888ns5:ShareCapital2022-10-3109192888ns5:SharePremium2023-10-3109192888ns5:SharePremium2022-10-3109192888ns5:RetainedEarningsAccumulatedLosses2023-10-3109192888ns5:RetainedEarningsAccumulatedLosses2022-10-3109192888ns5:NetGoodwill2022-11-012023-10-3109192888ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3109192888ns5:FurnitureFittings2022-11-012023-10-3109192888ns5:ComputerEquipment2022-11-012023-10-3109192888ns5:NetGoodwill2022-10-3109192888ns5:NetGoodwill2023-10-3109192888ns5:NetGoodwill2022-10-3109192888ns5:FurnitureFittings2022-10-3109192888ns5:ComputerEquipment2022-10-3109192888ns5:FurnitureFittings2023-10-3109192888ns5:ComputerEquipment2023-10-3109192888ns5:FurnitureFittings2022-10-3109192888ns5:ComputerEquipment2022-10-3109192888ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109192888ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31091928881ns10:Director12022-10-31091928881ns10:Director12021-10-31091928881ns10:Director12022-11-012023-10-31091928881ns10:Director12021-11-012022-10-31091928881ns10:Director12023-10-31091928881ns10:Director12022-10-31
REGISTERED NUMBER: 09192888 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NEVIN & WELLS RESIDENTIAL LTD

NEVIN & WELLS RESIDENTIAL LTD (REGISTERED NUMBER: 09192888)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEVIN & WELLS RESIDENTIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2023







DIRECTOR: P A Nevin





SECRETARY: Mrs S Wright





REGISTERED OFFICE: Newtown House, 38
Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 09192888 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

NEVIN & WELLS RESIDENTIAL LTD (REGISTERED NUMBER: 09192888)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 18,000
Tangible assets 5 2,296 3,061
14,296 21,061

CURRENT ASSETS
Debtors 6 93,125 84,010
Cash at bank and in hand 496,494 705,821
589,619 789,831
CREDITORS
Amounts falling due within one year 7 107,930 287,867
NET CURRENT ASSETS 481,689 501,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,985

523,025

PROVISIONS FOR LIABILITIES 436 582
NET ASSETS 495,549 522,443

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 4,970 4,970
Retained earnings 490,429 517,323
495,549 522,443

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 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.

NEVIN & WELLS RESIDENTIAL LTD (REGISTERED NUMBER: 09192888)

BALANCE SHEET - 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 director and authorised for issue on 30 July 2024 and were signed by:





P A Nevin - Director


NEVIN & WELLS RESIDENTIAL LTD (REGISTERED NUMBER: 09192888)

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


1. STATUTORY INFORMATION

Nevin & Wells Residential 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.

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 2021, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

NEVIN & WELLS RESIDENTIAL LTD (REGISTERED NUMBER: 09192888)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 30,000
AMORTISATION
At 1 November 2022 12,000
Charge for year 6,000
At 31 October 2023 18,000
NET BOOK VALUE
At 31 October 2023 12,000
At 31 October 2022 18,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 3,193 6,422 9,615
DEPRECIATION
At 1 November 2022 2,192 4,362 6,554
Charge for year 250 515 765
At 31 October 2023 2,442 4,877 7,319
NET BOOK VALUE
At 31 October 2023 751 1,545 2,296
At 31 October 2022 1,001 2,060 3,061

NEVIN & WELLS RESIDENTIAL LTD (REGISTERED NUMBER: 09192888)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,051 40,445
Other debtors 34,074 43,565
93,125 84,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,118 10,961
Taxation and social security 30,826 155,070
Other creditors 70,986 121,836
107,930 287,867

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
P A Nevin
Balance outstanding at start of year 9,945 9,945
Amounts advanced 4,031 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,976 9,945