Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08635004 Mr Abdel Hassan Mr Abdel Hassan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08635004 2023-03-31 08635004 2024-03-31 08635004 2023-04-01 2024-03-31 08635004 frs-core:CurrentFinancialInstruments 2024-03-31 08635004 frs-core:FurnitureFittings 2024-03-31 08635004 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08635004 frs-core:FurnitureFittings 2023-03-31 08635004 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08635004 frs-core:ShareCapital 2024-03-31 08635004 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08635004 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08635004 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08635004 frs-bus:SmallEntities 2023-04-01 2024-03-31 08635004 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08635004 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08635004 1 2023-04-01 2024-03-31 08635004 frs-bus:Director1 2023-04-01 2024-03-31 08635004 frs-countries:EnglandWales 2023-04-01 2024-03-31 08635004 2022-03-31 08635004 2023-03-31 08635004 2022-04-01 2023-03-31 08635004 frs-core:CurrentFinancialInstruments 2023-03-31 08635004 frs-core:ShareCapital 2023-03-31 08635004 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08635004
NABHAS Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hanberry and Co
Chartered Certified Accountants
20 Peterborough Road
Harrow
Middlesex
HA1 2BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08635004
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 370 435
Investment Properties 5 2,297,281 2,297,281
2,297,651 2,297,716
CURRENT ASSETS
Debtors 6 5,425 16,981
Cash at bank and in hand 1,737,398 761,308
1,742,823 778,289
Creditors: Amounts Falling Due Within One Year 7 (2,948,121 ) (2,071,600 )
NET CURRENT ASSETS (LIABILITIES) (1,205,298 ) (1,293,311 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,092,353 1,004,405
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,406 ) (41,406 )
NET ASSETS 1,050,947 962,999
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,050,847 962,899
SHAREHOLDERS' FUNDS 1,050,947 962,999
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Abdel Hassan
Director
22/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NABHAS Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08635004 . The registered office is 45 Station Road, Wraysbury, Staines, Middlesex, TW19 5ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation is provided on Freehold properties
Fixtures & Fittings 15% written down value
2.4. Investment Properties
In accordance with FRS102, Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The methods and significant assumptions used to acertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

Properties are valued using open market valuation on freehold basis, conducted by the directors based on freely available market information.

2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 1,533
As at 31 March 2024 1,533
Depreciation
As at 1 April 2023 1,098
Provided during the period 65
As at 31 March 2024 1,163
Net Book Value
As at 31 March 2024 370
As at 1 April 2023 435
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 2,297,281
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,995 -
Prepayments and accrued income 2,165 2,090
Other debtors 1,265 14,891
5,425 16,981
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 29,042 20,409
Other creditors 1,265 1,265
Accruals and deferred income 14,746 16,254
Director's loan account 874,153 -
Amounts owed to group undertakings 2,028,915 2,033,672
2,948,121 2,071,600
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is NABHAS Holdings Limited . NABHAS Holdings Limited was incorporated in England. The ultimate controlling party is Mr Abdel Hassan who controls 76% of the shares of NABHAS Holdings Limited.
Page 5