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Company Registration No. 14482021 (England and Wales)
Ninan Properties Ltd Unaudited accounts for the period from 14 November 2022 to 31 March 2024
Ninan Properties Ltd Unaudited accounts Contents
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Ninan Properties Ltd Company Information for the period from 14 November 2022 to 31 March 2024
Director
N Xu
Company Number
14482021 (England and Wales)
Registered Office
84 West Pottergate Norwich Norfolk NR2 4BW England
Accountants
Accountancy Plus & Payroll People Ltd 9 Langley Street Langley Norwich Norfolk NR14 6DE
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Ninan Properties Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Investment property
220,862 
Current assets
Cash at bank and in hand
4,651 
Creditors: amounts falling due within one year
(68,313)
Net current liabilities
(63,662)
Total assets less current liabilities
157,200 
Creditors: amounts falling due after more than one year
(162,225)
Net liabilities
(5,025)
Capital and reserves
Called up share capital
100 
Profit and loss account
(5,125)
Shareholders' funds
(5,025)
For the period ending 31 March 2024 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 her 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 1 August 2024 and were signed on its behalf by
N Xu Director Company Registration No. 14482021
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Ninan Properties Ltd Notes to the Accounts for the period from 14 November 2022 to 31 March 2024
1
Statutory information
Ninan Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14482021. The registered office is 84 West Pottergate, Norwich, Norfolk, NR2 4BW, England.
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 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.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Investment property
Investment property is included at market fair value determined annually by the directors. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cash & cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable within penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible know amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
Borrowing costs
All borrowing costs are recognised in the profit or loss in the in which they are incurred.
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Ninan Properties Ltd Notes to the Accounts for the period from 14 November 2022 to 31 March 2024
Going concern
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
4
Investment property
2024 
£ 
Additions
220,862 
At 31 March 2024
220,862 
The valuation of of the properties have been undertaken by the Director of the company.
5
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
67,563 
Accruals
750 
68,313 
Bank loans are secured against the properties to which they relate.
6
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
162,225 
Aggregate of amounts that fall due for payment after five years
16,225 
Bank loans are secured against the properties to which they relate.
7
Average number of employees
During the period the average number of employees was 1.
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