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REGISTERED NUMBER: 13303201 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2023 TO 31ST DECEMBER 2023

FOR

NACROPOLIS (BIRMINGHAM) LTD

NACROPOLIS (BIRMINGHAM) LTD (REGISTERED NUMBER: 13303201)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NACROPOLIS (BIRMINGHAM) LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2023 TO 31ST DECEMBER 2023







DIRECTORS: A Pankhania
R Pankhania





REGISTERED OFFICE: Suite 1 Stanmore Towers
8-14 Church Road
Stanmore
HA7 4AW





REGISTERED NUMBER: 13303201 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

NACROPOLIS (BIRMINGHAM) LTD (REGISTERED NUMBER: 13303201)

BALANCE SHEET
31ST DECEMBER 2023

2023 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 3,730,800 3,660,186
Debtors 5 2,421,432 2,191,806
Cash at bank 250,899 19,500
6,403,131 5,871,492
CREDITORS
Amounts falling due within one year 6 6,912,107 6,296,053
NET CURRENT LIABILITIES (508,976 ) (424,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(508,976

)

(424,561

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (508,978 ) (424,563 )
(508,976 ) (424,561 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

NACROPOLIS (BIRMINGHAM) LTD (REGISTERED NUMBER: 13303201)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2024 and were signed on its behalf by:





A Pankhania - Director


NACROPOLIS (BIRMINGHAM) LTD (REGISTERED NUMBER: 13303201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Nacropolis (Birmingham) 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.

Going Concern
The company meets its day to day working capital requirements through the financial support of the companies under common control. The directors believe that it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence with the continued support of the companies under common control

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
Financial instruments are classified according to the substance of the financial instrument's contractual obligations, as financial assets, financial liabilities or equity instruments.

Financial instruments are initially measured at transaction price (after deducting transaction costs) and subsequently held at amortised costs.

Taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

NACROPOLIS (BIRMINGHAM) LTD (REGISTERED NUMBER: 13303201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 31ST DECEMBER 2023


4. STOCKS
2023 2023
£    £   
Development properties 3,730,800 3,660,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Amounts owed by group undertakings - 126
Amounts owed by associates 2,410,084 2,186,667
Other debtors 11,348 5,013
2,421,432 2,191,806

The amounts owed by the group undertakings and associates are interest-free, unsecured and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 651,298 1,577,844
Trade creditors 12,044 24,355
Amounts owed to associates 4,744,470 4,689,171
Other creditors 1,504,295 4,683
6,912,107 6,296,053

The bank loans are secured by the company's assets. The bank loan bears interest at 6.50% and is repayable within one year.

The amounts owed to the associates are interest-free, unsecured and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Nacropolis Investments Limited.