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REGISTERED NUMBER: 08700325















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Nimos Properties Limited

Nimos Properties Limited (Registered number: 08700325)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nimos Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S Pennelegion
Mrs H Pennelegion
C Pennelegion





REGISTERED OFFICE: 1 The Close
Averham
Newark
Nottinghamshire
NG23 5RP





REGISTERED NUMBER: 08700325





ACCOUNTANTS: Reeve-Young & Co
Silver Birch Cottage
Watford Road
Elstree
Hertfordshire
WD6 3BE

Nimos Properties Limited (Registered number: 08700325)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,000 432,433

CURRENT ASSETS
Cash at bank 49,166 1,543

CREDITORS
Amounts falling due within one year 5 31,508 96,730
NET CURRENT ASSETS/(LIABILITIES) 17,658 (95,187 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,658

337,246

CREDITORS
Amounts falling due after more than
one year

6

393,889

506,320
NET LIABILITIES (26,231 ) (169,074 )

CAPITAL AND RESERVES
Called up share capital 1,009 1,009
Revaluation reserve 116,115 20,592
Retained earnings (143,355 ) (190,675 )
(26,231 ) (169,074 )

Nimos Properties Limited (Registered number: 08700325)

Balance Sheet - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 20 September 2024 and were signed on its behalf by:




S Pennelegion - Director



Mrs H Pennelegion - Director


Nimos Properties Limited (Registered number: 08700325)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Nimos Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 3 (2022 - 3 ) .

Nimos Properties Limited (Registered number: 08700325)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2022 432,433
Disposals (186,854 )
Revaluations 104,421
At 30 September 2023 350,000
NET BOOK VALUE
At 30 September 2023 350,000
At 30 September 2022 432,433

Cost or valuation at 30 September 2023 is represented by:

Land and
buildings
£   
Valuation in 2021 11,694
Valuation in 2023 104,421
Cost 233,885
350,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 5,970 8,487
Taxation and social security (500 ) (500 )
Other creditors 26,038 88,743
31,508 96,730

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 99,889 212,320
Other creditors 294,000 294,000
393,889 506,320

Nimos Properties Limited (Registered number: 08700325)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 30.9.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 294,000 294,000

Repayable by instalments
Bank loans more 5 yr by instal 76,010 78,346