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Company Registration No. 04429113 (England and Wales)
NEN 9 LIMITED Unaudited accounts for the year ended 31 May 2024
NEN 9 LIMITED Unaudited accounts Contents
Page
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NEN 9 LIMITED Company Information for the year ended 31 May 2024
Directors
N Evangeli C Evangeli
Company Number
04429113 (England and Wales)
Registered Office
3 Elmwood Avenue Harrow Middlesex HA3 8AJ England
Accountants
Financial and Accounting Solutions 6 Hadleigh Close Harrow Middlesex HA2 8FA
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NEN 9 LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,753,252 
3,754,336 
Current assets
Debtors
96,738 
100,941 
Cash at bank and in hand
126,244 
303,593 
222,982 
404,534 
Creditors: amounts falling due within one year
(64,975)
(160,439)
Net current assets
158,007 
244,095 
Total assets less current liabilities
3,911,259 
3,998,431 
Creditors: amounts falling due after more than one year
- 
(600,000)
Provisions for liabilities
Deferred tax
(823)
(823)
Net assets
3,910,436 
3,397,608 
Capital and reserves
Called up share capital
200 
200 
Revaluation reserve
2,813,575 
2,813,575 
Profit and loss account
1,096,661 
583,833 
Shareholders' funds
3,910,436 
3,397,608 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2024 and were signed on its behalf by
C Evangeli Director Company Registration No. 04429113
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NEN 9 LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
NEN 9 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04429113. The registered office is 3 Elmwood Avenue, Harrow, Middlesex, HA3 8AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
3,750,000 
52,274 
3,802,274 
At 31 May 2024
3,750,000 
52,274 
3,802,274 
Depreciation
At 1 June 2023
- 
47,938 
47,938 
Charge for the year
- 
1,084 
1,084 
At 31 May 2024
- 
49,022 
49,022 
Net book value
At 31 May 2024
3,750,000 
3,252 
3,753,252 
At 31 May 2023
3,750,000 
4,336 
3,754,336 
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NEN 9 LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,323 
Trade debtors
(12,000)
- 
Accrued income and prepayments
48,315 
37,195 
Other debtors
60,423 
60,423 
96,738 
100,941 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,341 
- 
Trade creditors
53,360 
72,371 
Loans from directors
(2,666)
80,428 
Accruals
8,940 
7,640 
64,975 
160,439 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
600,000 
8
Contingent liabilities
The company has been in a legal dispute with Dandi 7 Ltd, who were to buy the premises and had advanced a sum of £600,000 towards this sale.The heads of terms also stated that should the buyer not complete within the stipulated period, this advance would not be returned by the seller, if the seller provides vacant possession of the property.The buyer did not complete despite the seller providing vacant possession and has disputed the non refund of £600,000, for which a case has been filed.This amount has always been shown as an advance in other creditors and will continue to do so awaiting the conclusion of the legal verdict. The directors personally guarantee the shortfall in the company should this amount need to be paid to Dandi 7 Ltd.
9
Transactions with related parties
NEN9 Limited is owed a sum of £60,423 ( 2022-£43,151)from Nicholas 1939 Ltd.The companies are connected by a common director.
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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