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REGISTERED NUMBER: 04571111 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NADAV LIMITED

NADAV LIMITED (REGISTERED NUMBER: 04571111)

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


NADAV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T Aslan
R Aslan
M J Aslan





SECRETARY: R Aslan





REGISTERED OFFICE: 29 Windemere Road
Muswell Hill
London
N10 2RD





REGISTERED NUMBER: 04571111 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

NADAV LIMITED (REGISTERED NUMBER: 04571111)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,250,000 1,250,000

CURRENT ASSETS
Cash at bank 39,988 105,572

CREDITORS
Amounts falling due within one year 5 28,449 90,287
NET CURRENT ASSETS 11,539 15,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,539

1,265,285

PROVISIONS FOR LIABILITIES 6 8,167 6,207
NET ASSETS 1,253,372 1,259,078

CAPITAL AND RESERVES
Called up share capital 12 12
Fair value reserve 121,833 123,793
Retained earnings 1,131,527 1,135,273
SHAREHOLDERS' FUNDS 1,253,372 1,259,078

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 27 November 2024 and were signed on its behalf by:





R Aslan - Director


NADAV LIMITED (REGISTERED NUMBER: 04571111)

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


1. STATUTORY INFORMATION

Nadav 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises rental income receivable.

Investment property
Investment property is initially recognised at cost and annually adjusted to its market value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
The directors have determined there is no material uncertainty in the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES

The average number of employees during the year was 3 (2023 - 2 ) .

NADAV LIMITED (REGISTERED NUMBER: 04571111)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,250,000
NET BOOK VALUE
At 31 March 2024 1,250,000
At 31 March 2023 1,250,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 130,000
Cost 1,120,000
1,250,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,120,000 1,120,000

Investment property was valued on an open market basis on 31 March 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 39
Social security and other taxes 411 2,177
Other creditors 4,642 9,442
Directors' current accounts 21,655 77,310
Accruals and deferred income 1,741 1,319
28,449 90,287

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,167 6,207

Deferred
tax
£   
Balance at 1 April 2023 6,207
Provided during year 1,960
Balance at 31 March 2024 8,167