Registered number
07843917
(England & Wales)
Natha and Sons Ltd
Filleted Accounts
31 May 2024
Natha and Sons Ltd
Registered number: 07843917
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,160,500 1,160,500
Current assets
Debtors 4 18,583 -
Cash at bank and in hand 30,436 26,738
49,019 26,738
Creditors: amounts falling due within one year 5 (241,412) (216,179)
Net current liabilities (192,393) (189,441)
Total assets less current liabilities 968,107 971,059
Creditors: amounts falling due after more than one year 6 (855,365) (885,482)
Net assets 112,742 85,577
Capital and reserves
Called up share capital 1 1
Profit and loss account 112,741 85,576
Shareholder's funds 112,742 85,577
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Juned Natha
Director
Approved by the board on 4 November 2024
Natha and Sons Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 1,160,500
At 31 May 2024 1,160,500
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 1,160,500
At 31 May 2023 1,160,500
4 Debtors 2024 2023
£ £
Trade debtors 18,583 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,117 27,518
Other loans 35,714 -
Trade creditors 32,000 10,000
Taxation and social security costs 6,404 9,176
Other creditors 4,217 4,217
Director's account 137,460 162,268
Accruals and deferred income 3,500 3,000
241,412 216,179
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 576,199 535,482
Other loans > 1 year 279,166 350,000
855,365 885,482
Included in other loans is a loan from Natwest Bank in the amount of £42,857. The loan is unsecured and interest is to be paid at the rate of 2.5%.

Other loans also include loans in the amount of £272,023 from related companies. The loans are unsecured and interest is to be paid at the rate of 3.5%.
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 425,411 448,619
Secured bank loans 563,000 586,208
The Bank loans are secured by way of fixed charges on the company's properties.
8 Related party transactions
Directors account as shown in note 5 above is owed to the director Mr Juned Natha. The loan is unsecured, interest free and repayable on demand. The maximum balance of the loan during the year was £162,268 (2023: £174,456).
9 Controlling party
The ultimate controlling party is the director Mr Juned Natha who owns 100% of the issued and allotted share capital of the company.
10 Other information
Natha and Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flexspace Business Centre
Manchester Road
Bolton
Lancashire
BL3 2NZ
Natha and Sons Ltd 07843917 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 Juned Natha No description of principal activity 07843917 2022-06-01 2023-05-31 07843917 core:WithinOneYear 2023-05-31 07843917 core:AfterOneYear 2023-05-31 07843917 core:ShareCapital 2023-05-31 07843917 core:RetainedEarningsAccumulatedLosses 2023-05-31 07843917 2023-06-01 2024-05-31 07843917 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07843917 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07843917 bus:Director40 2023-06-01 2024-05-31 07843917 1 2023-06-01 2024-05-31 07843917 2 2023-06-01 2024-05-31 07843917 countries:England 2023-06-01 2024-05-31 07843917 bus:FRS102 2023-06-01 2024-05-31 07843917 bus:FilletedAccounts 2023-06-01 2024-05-31 07843917 2024-05-31 07843917 core:WithinOneYear 2024-05-31 07843917 core:AfterOneYear 2024-05-31 07843917 core:ShareCapital 2024-05-31 07843917 core:RetainedEarningsAccumulatedLosses 2024-05-31 07843917 core:LandBuildings 2024-05-31 07843917 2023-05-31 07843917 core:LandBuildings 2023-05-31 iso4217:GBP xbrli:pure