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Company Registration No. 10560453 (England and Wales)
NYI REAL ESTATE LIMITED Unaudited accounts for the year ended 31 December 2023
NYI REAL ESTATE LIMITED Unaudited accounts Contents
Page
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NYI REAL ESTATE LIMITED Company Information for the year ended 31 December 2023
Director
Amanuel Tsehaye
Company Number
10560453 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX United Kingdom
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NYI REAL ESTATE LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
847,383 
557,454 
Investments
75,000 
- 
922,383 
557,454 
Current assets
Cash at bank and in hand
3,988 
2,726 
Creditors: amounts falling due within one year
(660,374)
(491,847)
Net current liabilities
(656,386)
(489,121)
Total assets less current liabilities
265,997 
68,333 
Creditors: amounts falling due after more than one year
(277,166)
(70,737)
Net liabilities
(11,169)
(2,404)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(11,179)
(2,414)
Shareholders' funds
(11,169)
(2,404)
For the year ending 31 December 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 September 2024 and were signed on its behalf by
Amanuel Tsehaye Director Company Registration No. 10560453
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NYI REAL ESTATE LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
NYI REAL ESTATE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10560453. The registered office is Kemp House, 160 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
557,454 
Additions
289,929 
At 31 December 2023
847,383 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
847,383 
At 31 December 2022
557,454 
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NYI REAL ESTATE LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
- 
Additions
75,000 
Valuation at 31 December 2023
75,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
499 
Loans from directors
653,944 
490,559 
Accruals
6,430 
789 
660,374 
491,847 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
277,166 
70,737 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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