Nacroview Limited
Unaudited Financial Statements
For the year ended 31 May 2024
Pages for Filing with Registrar
Company Registration No. 02344243 (England and Wales)
Nacroview Limited
Company Information
Directors
H Ozarowski
E Leicester
(Appointed 17 November 2023)
Secretary
E Leicester
Company number
02344243
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Nacroview Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Nacroview Limited
Balance Sheet
As at 31 May 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
120
Investment properties
4
90,000
90,000
Current assets
Debtors
5
1,149
807
Cash at bank and in hand
25,849
29,186
26,998
29,993
Creditors: amounts falling due within one year
6
(32,041)
(32,718)
Net current liabilities
(5,043)
(2,725)
Total assets less current liabilities
84,957
87,395
Provisions for liabilities
(6,160)
(6,160)
Net assets
78,797
81,235
Capital and reserves
Called up share capital
8
23
23
Revaluation reserve
57,564
57,564
Profit and loss reserves
21,210
23,648
Total equity
78,797
81,235
Nacroview Limited
Balance Sheet (Continued)
As at 31 May 2024
Page 2
The directors of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 September 2024 and are signed on its behalf by:
H Ozarowski
Director
Company Registration No. 02344243
Nacroview Limited
Notes to the Financial Statements
For the year ended 31 May 2024
Page 3
1
Accounting policies
Company information
Nacroview Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for property management services provided in the normal course of business.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation on fixed assets is provided at rates estimated to write off the cost or valuation, less estimated residual value of each asset, with the exception of freehold land, over its expected useful life, as follows:
Fixtures, fittings & equipment
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Nacroview Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2024
Page 4
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2022: 2).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 and 31 May 2024
4,074
Depreciation and impairment
At 1 June 2023
3,954
Depreciation charged in the year
120
At 31 May 2024
4,074
Carrying amount
At 31 May 2024
At 31 May 2023
120
Nacroview Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2024
Page 5
4
Investment property
2024
£
Fair value
At 1 June 2023 and 31 May 2024
90,000
The investment properties were valued at the year end by the directors. The historical cost of the properties is £26,276 (2023: £26,276).
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
1,149
807
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
109
136
Other creditors
25,232
25,882
Accruals and deferred income
6,700
6,700
32,041
32,718
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
6,160
6,160
8
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
23 Ordinary shares of £1 each
23
23
9
Related party transactions
Included in other creditors due within one year is an amount owed by the company to the director of £25,232 (2023: £25,882).