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REGISTERED NUMBER: 13950077 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

B Nokes Property Development Limited

B Nokes Property Development Limited (Registered number: 13950077)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B Nokes Property Development Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B Nokes





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 13950077 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

B Nokes Property Development Limited (Registered number: 13950077)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks - 331,902
Debtors 4 573,382 -
Cash at bank and in hand 16,759 22,894
590,141 354,796
CREDITORS
Amounts falling due within one year 5 550,441 360,986
NET CURRENT ASSETS/(LIABILITIES) 39,700 (6,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,700

(6,190

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,600 (6,290 )
39,700 (6,190 )

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 director acknowledges his 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 director and authorised for issue on 19 November 2024 and were signed by:





B Nokes - Director


B Nokes Property Development Limited (Registered number: 13950077)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

B Nokes Property Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company has a balance sheet deficit at the year-ended; however, funding of the company is by way of related company borrowing. The related company has made a commitment not to seek repayment of the borrowing within the foreseeable future. The director is confident the company will trade out of its current position and therefore considers it necessary and appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 572,842 -
VAT 540 -
573,382 -

B Nokes Property Development Limited (Registered number: 13950077)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to associates 322,500 -
Other creditors 223,000 -
Directors' current accounts - 360,086
Accrued expenses 4,941 900
550,441 360,986

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
B Nokes
Balance outstanding at start of year - -
Amounts advanced 572,842 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 572,842 -

The above loan will repaid within 9 months and 1 day of the balance sheet date.

Interest on the loan is calculated using HMRC's approved rates; interest charged is accounted in the profit and loss account.