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REGISTERED NUMBER: 05972152 (England and Wales)








NINA ESTATE AGENTS & LETTINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


NINA ESTATE AGENTS & LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: R F Chivers
N Chivers





Secretary: N Chivers





Registered office: 1 Broad Street
Barry
CF62 7AA





Registered number: 05972152 (England and Wales)





Accountants: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 1,456 4,456
Tangible assets 6 172,200 127,974
173,656 132,430

Current assets
Debtors 7 14,899 8,541
Cash at bank 522,892 431,905
537,791 440,446
Creditors
Amounts falling due within one year 8 319,196 120,029
Net current assets 218,595 320,417
Total assets less current liabilities 392,251 452,847

Creditors
Amounts falling due after more than one
year

9

(55,941

)

(12,227

)

Provisions for liabilities (9,073 ) (3,865 )
Net assets 327,237 436,755

Capital and reserves
Called up share capital 200 200
Retained earnings 327,037 436,555
Shareholders' funds 327,237 436,755

NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 21 October 2024 and were signed on its behalf by:





N Chivers - Director


NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Nina Estate Agents & Lettings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Broad Street, Barry, CF62 7AA.

Principle activity

The principal activity of the company continued to be that of estate agent and lettings management.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts invoiced for the provision of services relating to the company's principal activities of estate agent and lettings management, net of value added tax. Turnover is recognised in the period in which services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Office equipment - 33% on cost and 15% on cost
Motor vehicles - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks, other third parties and loans to related parties.

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.


NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 11 (2023 - 10 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 30,000
Amortisation
At 1 April 2023 25,544
Charge for year 3,000
At 31 March 2024 28,544
Net book value
At 31 March 2024 1,456
At 31 March 2023 4,456

NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Tangible fixed assets
Freehold Office Motor
property equipment vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 158,593 51,401 27,464 237,458
Additions - 1,358 80,185 81,543
Disposals - - (27,464 ) (27,464 )
At 31 March 2024 158,593 52,759 80,185 291,537
Depreciation
At 1 April 2023 50,959 37,926 20,599 109,484
Charge for year 3,172 7,234 20,046 30,452
Eliminated on disposal - - (20,599 ) (20,599 )
At 31 March 2024 54,131 45,160 20,046 119,337
Net book value
At 31 March 2024 104,462 7,599 60,139 172,200
At 31 March 2023 107,634 13,475 6,865 127,974

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Corporation Tax recoverable 14,899 8,541

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 7,795 3,867
Tax - 28,868
Social security and other taxes 3,885 5,761
VAT 39,078 33,706
Pension payable 832 1,441
Bonds held 238,728 -
Rents unpaid 4,440 -
Directors' current accounts 20,438 46,386
Accrued expenses 4,000 -
319,196 120,029

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 55,941 12,227

NINA ESTATE AGENTS & LETTINGS LIMITED (REGISTERED NUMBER: 05972152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 63,736 -

Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

11. Other financial commitments

The company had total other commitments at the balance sheet date of £272,035 (2023; £288,899).