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REGISTERED NUMBER: SC680072 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

N.S.R. Property Ltd

N.S.R. Property Ltd (Registered number: SC680072)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.S.R. Property Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs S McNamara
S McNamara





REGISTERED OFFICE: 19 Onslow Square
Glasgow
G31 2NR





REGISTERED NUMBER: SC680072 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

N.S.R. Property Ltd (Registered number: SC680072)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 274,424 274,424

CURRENT ASSETS
Debtors 5 107 -
Cash at bank 4,068 2,077
4,175 2,077
CREDITORS
Amounts falling due within one year 6 84,641 88,326
NET CURRENT LIABILITIES (80,466 ) (86,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,958

188,175

CREDITORS
Amounts falling due after more than
one year

7

179,200

179,879
NET ASSETS 14,758 8,296

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,658 8,196
14,758 8,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

N.S.R. Property Ltd (Registered number: SC680072)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




Mrs S McNamara - Director



S McNamara - Director


N.S.R. Property Ltd (Registered number: SC680072)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

N.S.R. Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


N.S.R. Property Ltd (Registered number: SC680072)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 274,424
NET BOOK VALUE
At 30 November 2023 274,424
At 30 November 2022 274,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments and accrued income 107 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 1,516 1,922
Other creditors 69,251 69,726
Directors' current accounts 12,499 14,060
Accrued expenses 1,375 2,618
84,641 88,326

N.S.R. Property Ltd (Registered number: SC680072)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Other loans more 5yrs non-inst 179,200 179,879

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 179,200 179,879

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other loans 179,200 179,879

All of the company's investment properties are individually secured by Standard Security.

9. RELATED PARTY DISCLOSURES

The company received a loan from Camden Properties partnership, a partnership in which both of the directors are partners, in a previous accounting period.

The loan is unsecured, interest free and has no fixed repayment terms.

The balance outstanding at the year end was £69,251 (2022: £69,726).