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Registration number: 12062696

Nyikai Property Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Nyikai Property Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

Nyikai Property Ltd

Company Information

Director

Mr Lavine Lewis Jones

Registered office

Bickleigh House
St Georges Super Ely
Cardiff
Vale of Glamorgan
CF5 6EW

 

Nyikai Property Ltd

(Registration number: 12062696)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

2

1,835

-

Investment property

3

1,341,037

900,000

 

1,342,872

900,000

Current assets

 

Debtors

4

6,627

242,208

Cash at bank and in hand

 

50,929

35,170

 

57,556

277,378

Creditors: Amounts falling due within one year

5

(478,860)

(476,373)

Net current liabilities

 

(421,304)

(198,995)

Total assets less current liabilities

 

921,568

701,005

Creditors: Amounts falling due after more than one year

5

(657,142)

(370,928)

Provisions for liabilities

(58,954)

(70,297)

Net assets

 

205,472

259,780

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

251,328

299,687

Retained earnings

(46,856)

(40,907)

Shareholders' funds

 

205,472

259,780

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 August 2024
 

 

Nyikai Property Ltd

(Registration number: 12062696)
Balance Sheet as at 30 November 2023 (continued)

.........................................
Mr Lavine Lewis Jones
Director

 

Nyikai Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 2).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,446

2,446

At 30 November 2023

2,446

2,446

Depreciation

Charge for the year

611

611

At 30 November 2023

611

611

Carrying amount

At 30 November 2023

1,835

1,835

3

Investment properties

2023
£

At 1 December

900,000

Additions

500,739

Fair value adjustments

(59,702)

At 30 November

1,341,037

The fair value of the property at 30th November 2023 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,341,037 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

There has been no valuation of investment property by an independent valuer.

4

Debtors

 

Nyikai Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Debtors (continued)

Current

Note

2023
£

2022
£

Amounts owed by related parties

-

1,299

Prepayments

 

-

781

Other debtors

 

6,627

240,128

   

6,627

242,208

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

(105)

(135)

Amounts owed to group undertakings and undertakings in which the company has a participating interest

401,700

467,406

Accruals and deferred income

 

1,498

1,498

Other creditors

 

75,767

7,604

 

478,860

476,373

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

657,142

370,928