REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
Nimma Real Estate Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
Nimma Real Estate Ltd |
Nimma Real Estate Ltd (Registered number: 13762076) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
Nimma Real Estate Ltd (Registered number: 13762076) |
Statement of Financial Position |
30 November 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Nimma Real Estate Ltd (Registered number: 13762076) |
Statement of Financial Position - continued |
30 November 2023 |
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 |
Nimma Real Estate Ltd (Registered number: 13762076) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | STATUTORY INFORMATION |
Nimma Real Estate Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
The investment properties have been stated at cost. The Board do not consider the fair value of the properties to be materially different from the value disclosed. |
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 statement of financial position date. |
Nimma Real Estate Ltd (Registered number: 13762076) |
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 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. |
Going concern |
The company has net liabilities of £56,825. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
Investment property situated at Flat 93, Hallmark Tower, 6 Cheetham Hill Road, Manchester M4 4FZ is under a charge from Hampshire Trust Bank PLC. The charge was created on 21 December 2022. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other debtors |
Nimma Real Estate Ltd (Registered number: 13762076) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
8. | SECURED DEBTS |
The loan amounting to £208,653 is secured by the way of charge on the property situated at Flat 93, Hallmark Tower, 6 Cheetham Hill Road, Manchester M4 4FZ (Disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 21 December 2022. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.11.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Nimma Real Estate Ltd (Registered number: 13762076) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
10. | RELATED PARTY DISCLOSURES |
The company owes £86,597 including €100,000 (2022: £86,601 including €100,000) to its director, Mr Rik Charles Pieter Bleize who is also a 25% shareholder of the company as at accounting year end date. |
The company owes £93,718 including €108,250 (2022: £95,233 including €110,000) to its director, Mr Paul William Van Wijk who is also a 25% shareholder of the company as at accounting year end date. |
The company owes £86,310 including €100,000 (2022: £86,314 including €100,000) to Mrs Sigrid Van Den Berg who is a 25% shareholder of the company as at accounting year end date. |
The company owes £93,430 including €108,250 (2022: £94,945 including €110,000) to Mrs Nienke Irene Van Der Deen who is a 25% shareholder of the company as at accounting year end date. |