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REGISTERED NUMBER: 07884910 (England and Wales)















NVNG Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






NVNG Properties Limited (Registered number: 07884910)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NVNG Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R C Holdsworth BChD
O J Holdsworth MSc
B Jones





REGISTERED OFFICE: Coulthurst House
West Street
Gargrave
Skipton
North Yorkshire
BD23 3RJ





REGISTERED NUMBER: 07884910 (England and Wales)





ACCOUNTANTS: Howard & Co. Accountants LLP
6 Market Street
Birstall
West Yorkshire
WF17 9EN

NVNG Properties Limited (Registered number: 07884910)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260 306
Investment property 5 300,000 300,000
300,260 300,306

CURRENT ASSETS
Debtors 6 12,155 15,511
Cash at bank 13,140 8,852
25,295 24,363
CREDITORS
Amounts falling due within one year 7 146,800 164,302
NET CURRENT LIABILITIES (121,505 ) (139,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,755

160,367

PROVISIONS FOR LIABILITIES 9,854 9,863
NET ASSETS 168,901 150,504

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 41,803 41,803
Retained earnings 126,998 108,601
SHAREHOLDERS' FUNDS 168,901 150,504

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

NVNG Properties Limited (Registered number: 07884910)

Balance Sheet - continued
31 March 2024


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 30 July 2024 and were signed on its behalf by:





R C Holdsworth BChD - Director


NVNG Properties Limited (Registered number: 07884910)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

NVNG Properties 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

NVNG Properties Limited (Registered number: 07884910)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,985
DEPRECIATION
At 1 April 2023 2,679
Charge for year 46
At 31 March 2024 2,725
NET BOOK VALUE
At 31 March 2024 260
At 31 March 2023 306

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,216 14,725
Other debtors 939 786
12,155 15,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,806 5,614
Other creditors 140,994 158,688
146,800 164,302

NVNG Properties Limited (Registered number: 07884910)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 41,803

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year, were loans from the following directors:

R C Holdsworth BChD £137,746 (2023: £154,703)

The loans were interest free, with no fixed date for repayment.