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REGISTERED NUMBER: 13348995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

NMLR INVESTMENT LIMITED

NMLR INVESTMENT LIMITED (REGISTERED NUMBER: 13348995)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NMLR INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N J L Moseby
L A Ralph





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 13348995 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

NMLR INVESTMENT LIMITED (REGISTERED NUMBER: 13348995)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 370,000 235,000

CURRENT ASSETS
Debtors 5 - 12,901
Cash at bank 8,833 82,126
8,833 95,027
CREDITORS
Amounts falling due within one year 6 48,373 109,053
NET CURRENT LIABILITIES (39,540 ) (14,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,460

220,974

CREDITORS
Amounts falling due after more than one
year

7

(277,961

)

(177,926

)

PROVISIONS FOR LIABILITIES (20,824 ) (15,209 )
NET ASSETS 31,675 27,839

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 83,296 60,835
Retained earnings (51,623 ) (32,998 )
31,675 27,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 16 September 2024 and were signed on its behalf by:





N J L Moseby - Director


NMLR INVESTMENT LIMITED (REGISTERED NUMBER: 13348995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Nmlr Investment Limited 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 as modified by the revaluation of certain assets.

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 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 235,000
Additions 112,538
Revaluations 22,462
At 30 April 2024 370,000
NET BOOK VALUE
At 30 April 2024 370,000
At 30 April 2023 235,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 60,835
Valuation in 2024 22,462
Cost 286,703
370,000

NMLR INVESTMENT LIMITED (REGISTERED NUMBER: 13348995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 12,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 15,450 -
Directors' current accounts 30,043 106,893
Accrued expenses 2,880 2,160
48,373 109,053

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 277,961 177,926

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 277,961 177,926

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Fleet Mortgages Limited 197,216 94,181
The Mortgage Works (UK) PLC 80,745 80,745
277,961 174,926

The properties held by the company. This includes a negative pledge.

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023 60,835
P&L - Revaluation in year 22,461

At 30 April 2024 83,296

NMLR INVESTMENT LIMITED (REGISTERED NUMBER: 13348995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
N J L Moseby
Balance outstanding at start of year (53,790 ) (27,988 )
Amounts advanced 45,000 12,181
Amounts repaid (11,801 ) (37,983 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,591 ) (53,790 )

L A Ralph
Balance outstanding at start of year (53,101 ) (25,988 )
Amounts advanced 45,000 1,482
Amounts repaid (1,350 ) (28,595 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,451 ) (53,101 )

These balances represent the maximum amount outstanding during the year and the loans are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is N Moseby & L Ralph.

This was by virtue of their 100% holding of the issued share capital.