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REGISTERED NUMBER: 02315161 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

NY Investments Limited

NY Investments Limited (Registered number: 02315161)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NY Investments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Manzoor





REGISTERED OFFICE: 31A The Wicker
Sheffield
S3 8HS





REGISTERED NUMBER: 02315161 (England and Wales)





ACCOUNTANTS: A H Accountancy Services
Incorporated Financial Accountants
61A Blagden Street
Sheffield
South Yorkshire
S2 5QS

NY Investments Limited (Registered number: 02315161)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 149 149
Tangible assets 5 4,380 5,153
Investment property 6 1,990,000 1,990,000
1,994,529 1,995,302

CURRENT ASSETS
Debtors 7 463,743 458,692
Cash at bank 372 3,327
464,115 462,019
CREDITORS
Amounts falling due within one year 8 972,604 916,446
NET CURRENT LIABILITIES (508,489 ) (454,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,040

1,540,875

CREDITORS
Amounts falling due after more than one year 9 611,626 715,158
NET ASSETS 874,414 825,717

CAPITAL AND RESERVES
Called up share capital 753 753
Retained earnings 873,661 824,964
SHAREHOLDERS' FUNDS 874,414 825,717

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

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

NY Investments Limited (Registered number: 02315161)

Balance Sheet - continued
31 March 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 16 August 2024 and were signed by:





M Manzoor - Director


NY Investments Limited (Registered number: 02315161)

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

1. STATUTORY INFORMATION

NY Investments 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 as modified by the revaluation of certain assets.

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 - 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 (2022 - NIL).

NY Investments Limited (Registered number: 02315161)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 149
NET BOOK VALUE
At 31 March 2023 149
At 31 March 2022 149

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 9,870
DEPRECIATION
At 1 April 2022 4,717
Charge for year 773
At 31 March 2023 5,490
NET BOOK VALUE
At 31 March 2023 4,380
At 31 March 2022 5,153

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,990,000
NET BOOK VALUE
At 31 March 2023 1,990,000
At 31 March 2022 1,990,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 1,990,000

NY Investments Limited (Registered number: 02315161)

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

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,363,488 1,363,488

Investment properties were valued on an open market basis on 16 October 2019 by Banks Long & Co .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by associates 452,563 447,512
Other debtors 11,180 11,180
463,743 458,692

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 50,400
Amounts owed to associates 100,370 -
Taxation and social security 42,676 37,476
Other creditors 829,558 828,570
972,604 916,446

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 611,626 715,158

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 611,626 765,558

HSBC bank loan is secured by a legal charge on freehold land and buildings situated at 23, 43-53 Wicker, 8-10 Stanley Street, 56-60 Holme Lane and also a fixed and floating charges over the undertaking and all property and assets.

NY Investments Limited (Registered number: 02315161)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
M Manzoor and A Z Manzoor
Balance outstanding at start of year 542,529 542,529
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 542,529 542,529