IRIS Accounts Production v24.1.9.2 00256693 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh002566932022-12-31002566932023-12-31002566932023-01-012023-12-31002566932021-12-31002566932022-01-012022-12-31002566932022-12-3100256693ns15:EnglandWales2023-01-012023-12-3100256693ns14:PoundSterling2023-01-012023-12-3100256693ns10:Director12023-01-012023-12-3100256693ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100256693ns10:SmallEntities2023-01-012023-12-3100256693ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3100256693ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100256693ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100256693ns10:FullAccounts2023-01-012023-12-3100256693ns10:OrdinaryShareClass12023-01-012023-12-3100256693ns10:Director22023-01-012023-12-3100256693ns10:Director32023-01-012023-12-3100256693ns10:CompanySecretary12023-01-012023-12-3100256693ns10:RegisteredOffice2023-01-012023-12-3100256693ns5:CurrentFinancialInstruments2023-12-3100256693ns5:CurrentFinancialInstruments2022-12-3100256693ns5:ShareCapital2023-12-3100256693ns5:ShareCapital2022-12-3100256693ns5:RetainedEarningsAccumulatedLosses2023-12-3100256693ns5:RetainedEarningsAccumulatedLosses2022-12-3100256693ns5:PlantMachinery2023-01-012023-12-3100256693ns5:FurnitureFittings2023-01-012023-12-3100256693ns5:ComputerEquipment2023-01-012023-12-3100256693ns5:PlantMachinery2022-12-3100256693ns5:FurnitureFittings2022-12-3100256693ns5:ComputerEquipment2022-12-3100256693ns5:PlantMachinery2023-12-3100256693ns5:FurnitureFittings2023-12-3100256693ns5:ComputerEquipment2023-12-3100256693ns5:PlantMachinery2022-12-3100256693ns5:FurnitureFittings2022-12-3100256693ns5:ComputerEquipment2022-12-3100256693ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100256693ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100256693ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 00256693 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Naylor-Smith Properties Limited

Naylor-Smith Properties Limited (Registered number: 00256693)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Naylor-Smith Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R N Smith
J Y Smith
L E Harris





SECRETARY: J Y Smith





REGISTERED OFFICE: Owl Cotes Farm
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE





REGISTERED NUMBER: 00256693 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Naylor-Smith Properties Limited (Registered number: 00256693)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,233 6,769
Investment property 6 1,175,314 1,175,314
1,180,547 1,182,083

CURRENT ASSETS
Debtors 7 171,299 231,405
Cash at bank and in hand 458,393 475,231
629,692 706,636
CREDITORS
Amounts falling due within one year 8 725,619 742,454
NET CURRENT LIABILITIES (95,927 ) (35,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,620

1,146,265

PROVISIONS FOR LIABILITIES 159,896 159,896
NET ASSETS 924,724 986,369

CAPITAL AND RESERVES
Called up share capital 9 8,000 8,000
Retained earnings 916,724 978,369
SHAREHOLDERS' FUNDS 924,724 986,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Statement of Income and Retained Earnings has not been delivered.

Naylor-Smith Properties Limited (Registered number: 00256693)

Statement of Financial Position - continued
31 December 2023



The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





R N Smith - Director


Naylor-Smith Properties Limited (Registered number: 00256693)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Naylor-Smith 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


Naylor-Smith Properties Limited (Registered number: 00256693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant & Fixtures Computer
machinery & fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 77,200 2,764 1,050 81,014
Additions - - 386 386
At 31 December 2023 77,200 2,764 1,436 81,400
DEPRECIATION
At 1 January 2023 71,132 2,487 626 74,245
Charge for year 1,517 69 336 1,922
At 31 December 2023 72,649 2,556 962 76,167
NET BOOK VALUE
At 31 December 2023 4,551 208 474 5,233
At 31 December 2022 6,068 277 424 6,769

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,175,314
NET BOOK VALUE
At 31 December 2023 1,175,314
At 31 December 2022 1,175,314

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 668
Other debtors 350 350
Loan - A 1 Roper Limited - 59,977
Loan - R & B Building Services (Skipton)
Limited

160,000

160,000
Prepayments & accrued income 10,949 10,410
171,299 231,405

Naylor-Smith Properties Limited (Registered number: 00256693)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security & other taxes 36,288 18,856
Other creditors 62,921 57,420
Directors' current accounts 589,009 628,773
Accrued expenses 37,401 37,405
725,619 742,454

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
8,000 Ordinary £1 8,000 8,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Naylor-Smith Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Naylor-Smith Properties Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Naylor-Smith Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Naylor-Smith Properties Limited and state those matters that we have agreed to state to the Board of Directors of Naylor-Smith Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Naylor-Smith Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Naylor-Smith Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Naylor-Smith Properties Limited. You consider that Naylor-Smith Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Naylor-Smith Properties Limited. 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 statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


2 August 2024