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REGISTERED NUMBER: 11519445 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

NO ORDINARY PROPERTY LTD

NO ORDINARY PROPERTY LTD (Registered number: 11519445)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NO ORDINARY PROPERTY LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: W A Baister





REGISTERED OFFICE: The Paddock
Leasingthorne Road
Kirk Merrington
Co. Durham
DL16 7JW





REGISTERED NUMBER: 11519445 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

NO ORDINARY PROPERTY LTD (Registered number: 11519445)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 376,142 376,142

CURRENT ASSETS
Debtors 5 52,913 57,000
Prepayments and accrued income 480 454
Cash at bank 3,086 29
56,479 57,483
CREDITORS
Amounts falling due within one year 6 73,165 75,353
NET CURRENT LIABILITIES (16,686 ) (17,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,456

358,272

CREDITORS
Amounts falling due after more than one
year

7

361,828

361,894
NET LIABILITIES (2,372 ) (3,622 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,472 ) (3,722 )
SHAREHOLDERS' FUNDS (2,372 ) (3,622 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

NO ORDINARY PROPERTY LTD (Registered number: 11519445)

Balance Sheet - continued
29 February 2024


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 21 August 2024 and were signed by:





W A Baister - Director


NO ORDINARY PROPERTY LTD (Registered number: 11519445)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

NO ORDINARY PROPERTY LTD 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.

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 (2023 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 376,142
NET BOOK VALUE
At 29 February 2024 376,142
At 28 February 2023 376,142

NO ORDINARY PROPERTY LTD (Registered number: 11519445)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 52,913 57,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 44,685 50,626
Trade creditors (1 ) (1 )
Other creditors 28,481 24,728
73,165 75,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 361,828 361,894

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 287,106 287,172

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Other loans 380,509 380,575

The loan is secured over the investments property.