3 false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 280,254 280,254 280,254 xbrli:pure xbrli:shares iso4217:GBP 10630158 2023-03-01 2024-02-29 10630158 2024-02-29 10630158 2023-02-28 10630158 2022-03-01 2023-02-28 10630158 2023-02-28 10630158 bus:Director2 2023-03-01 2024-02-29 10630158 core:AfterOneYear 2023-02-28 10630158 core:WithinOneYear 2024-02-29 10630158 core:WithinOneYear 2023-02-28 10630158 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10630158 core:ShareCapital 2024-02-29 10630158 core:ShareCapital 2023-02-28 10630158 core:RetainedEarningsAccumulatedLosses 2024-02-29 10630158 core:RetainedEarningsAccumulatedLosses 2023-02-28 10630158 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 10630158 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 10630158 bus:SmallEntities 2023-03-01 2024-02-29 10630158 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10630158 bus:FullAccounts 2023-03-01 2024-02-29 10630158 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10630158 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10630158 core:KeyManagementPersonnel 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 10630158
Nechemia Limited
Filleted Unaudited Financial Statements
29 February 2024
Nechemia Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
280,254
Current assets
Debtors
6
100,100
465
Cash at bank and in hand
72,900
2,374
----------
-------
173,000
2,839
Creditors: amounts falling due within one year
7
( 199,219)
( 168,245)
----------
----------
Net current liabilities
( 26,219)
( 165,406)
---------
----------
Total assets less current liabilities
( 26,219)
114,848
Creditors: amounts falling due after more than one year
8
( 137,122)
---------
----------
Net liabilities
( 26,219)
( 22,274)
---------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 26,319)
( 22,374)
---------
---------
Shareholders deficit
( 26,219)
( 22,274)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nechemia Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 6 August 2024 , and are signed on behalf of the board by:
Mr MN Broner
Director
Company registration number: 10630158
Nechemia Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Woodstock Avenue, London, NW11 9RG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Other than those stated below, there were no material judgements, estimates and assumptions that affected the amounts reported in the year.
Revenue recognition
The turnover of the company is represented by rents and charges receivable in respect of its investment properties.
Tangible assets
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - i. Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and ii. No depreciation is provided in respect of investment properties applying the fair value model.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Freehold property
£
Cost
At 1 March 2023
280,254
Disposals
( 280,254)
----------
At 29 February 2024
----------
Carrying amount
At 29 February 2024
----------
At 28 February 2023
280,254
----------
6. Debtors
2024
2023
£
£
Trade debtors
365
Other debtors
100,100
100
----------
----
100,100
465
----------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,625
1,625
Other creditors
197,594
166,620
----------
----------
199,219
168,245
----------
----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
137,122
----
----------
9. Related party transactions
Other creditors includes £191,094 (2023: £166,620) due to the director. The loan is interest free and repayable on demand.