REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 27 February 2024 |
for |
Nutbourne Developments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 27 February 2024 |
for |
Nutbourne Developments Limited |
Nutbourne Developments Limited (Registered number: 04073813) |
Contents of the Financial Statements |
for the Year Ended 27 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Certified Accountants' Report | 6 |
Nutbourne Developments Limited |
Company Information |
for the Year Ended 27 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Unit 6 |
St Georges Square |
Portsmouth |
Hampshire |
PO1 3EY |
Nutbourne Developments Limited (Registered number: 04073813) |
Balance Sheet |
27 February 2024 |
27.2.24 | 27.2.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Nutbourne Developments Limited (Registered number: 04073813) |
Notes to the Financial Statements |
for the Year Ended 27 February 2024 |
1. | STATUTORY INFORMATION |
Nutbourne Developments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
The directors feel due to the nature of the assets held being that of property the assets will not be depreciated. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest |
method. Financial assets classified as receivable within one year are not amortised. |
Basic financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
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. |
Going concern |
The directors note that the group is trading adequately and has sufficiently working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. There are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Nutbourne Developments Limited (Registered number: 04073813) |
Notes to the Financial Statements - continued |
for the Year Ended 27 February 2024 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 28 February 2023 |
Disposals | ( |
) |
At 27 February 2024 |
NET BOOK VALUE |
At 27 February 2024 |
At 27 February 2023 |
Cost or valuation at 27 February 2024 is represented by: |
Land and |
buildings |
£ |
Valuation in 2023 | 1,871,200 |
** | TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF |
FREEHOLD PROPERTY |
'COST' ACCOUNT TOTAL |
Cost/valuation b/f | 1,871,200 |
Disposals | (618,000 | ) |
1,253,200 |
CLIENT SCREEN TOTAL | = | - |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.2.24 | 27.2.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.2.24 | 27.2.23 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
The Company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
8. | POST BALANCE SHEET EVENTS |
There are no reportable events between the date of the Financial Statements and the date of the signing these Financial Statements. |
Nutbourne Developments Limited (Registered number: 04073813) |
Notes to the Financial Statements - continued |
for the Year Ended 27 February 2024 |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mrs E Roberts by virtue of their shareholding. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Nutbourne Developments Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nutbourne Developments Limited for the year ended 27 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Nutbourne Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nutbourne Developments Limited and state those matters that we have agreed to state to the Board of Directors of Nutbourne Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Nutbourne Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nutbourne Developments Limited. You consider that Nutbourne Developments Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Nutbourne Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
Unit 6 |
St Georges Square |
Portsmouth |
Hampshire |
PO1 3EY |