REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST APRIL 2023 TO 31ST DECEMBER 2023 |
FOR |
NACROPOLIS (BIRMINGHAM) LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by associates |
Other debtors |
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 |
Trade creditors |
Amounts owed to associates | 4,744,470 | 4,689,171 |
Other creditors |
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 |