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Registered number: 12460701
NU Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12460701
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 590,371 568,261
590,371 568,261
CURRENT ASSETS
Debtors 5 412 248
Cash at bank and in hand 12,573 8,007
12,985 8,255
Creditors: Amounts Falling Due Within One Year 6 (882 ) (587 )
NET CURRENT ASSETS (LIABILITIES) 12,103 7,668
TOTAL ASSETS LESS CURRENT LIABILITIES 602,474 575,929
Creditors: Amounts Falling Due After More Than One Year 7 (607,966 ) (579,252 )
NET LIABILITIES (5,492 ) (3,323 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (5,592 ) (3,423 )
SHAREHOLDERS' FUNDS (5,492) (3,323)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nitesh Devji
Director
4th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NU Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12460701 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 568,261
Additions 22,110
As at 31 March 2024 590,371
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 412 248
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 882 587
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 422,837 423,118
Other creditors 185,129 156,134
607,966 579,252
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 422,837 423,118
9. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors will continue to support the company.
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