REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th November 2023 |
for |
NATIONWIDE LETTINGS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th November 2023 |
for |
NATIONWIDE LETTINGS LIMITED |
NATIONWIDE LETTINGS LIMITED (REGISTERED NUMBER: 06607493) |
Contents of the Financial Statements |
for the Year Ended 30th November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
NATIONWIDE LETTINGS LIMITED |
Company Information |
for the Year Ended 30th November 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
41 St Thomas's Road |
Chorley |
Lancashire |
PR7 1JE |
NATIONWIDE LETTINGS LIMITED (REGISTERED NUMBER: 06607493) |
Balance Sheet |
30th November 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
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. |
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 |
NATIONWIDE LETTINGS LIMITED (REGISTERED NUMBER: 06607493) |
Notes to the Financial Statements |
for the Year Ended 30th November 2023 |
1. | STATUTORY INFORMATION |
Nationwide Lettings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Nationwide Lettings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries and associates |
Investments in subsidiaries and associates are recognised at cost less provision for any impairment in value. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST |
At 1st December 2022 |
and 30th November 2023 | 125,668 |
NET BOOK VALUE |
At 30th November 2023 | 125,668 |
At 30th November 2022 | 125,668 |
5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Amounts owed by associates |
NATIONWIDE LETTINGS LIMITED (REGISTERED NUMBER: 06607493) |
Notes to the Financial Statements - continued |
for the Year Ended 30th November 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to associates | 81,765 | 35,640 |
Other creditors |
Directors' current accounts | 31,351 | 1,894 |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.11.22 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
8. | RELATED PARTY DISCLOSURES |
As at 30 November 2023, the company owed the directors £31,351 (2022: £1,894). The company owed £63,095 (2022: £25,083) to Nationwide Estate Agents (Lancaster) Ltd, an associated company. The company owed £18,670 (2022: £10,557) to Nationwide Estate Agents Limited, a company controlled by the directors. No interest has been charged on these loan and there is no formal repayment date. |