2023-06-012024-05-312024-05-31false09381730NAHIL PROPERTY 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NAHIL PROPERTY LTD

Registered Number
09381730
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

NAHIL PROPERTY LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Rajinder Bhangal
Daljit Singh Nahil

Registered Address

12 The Firs
Coventry
CV5 6QD

Registered Number

09381730 (England and Wales)
NAHIL PROPERTY LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3372,117372,117
372,117372,117
Current assets
Debtors4,5366,796364,378
Cash at bank and on hand122,273123,750
489,069488,128
Creditors amounts falling due within one year6(568,856)(547,862)
Net current assets (liabilities)(79,787)(59,734)
Total assets less current liabilities292,330312,383
Creditors amounts falling due after one year7(277,395)(277,395)
Net assets14,93534,988
Capital and reserves
Called up share capital100100
Profit and loss account14,83534,888
Shareholders' funds14,93534,988
The financial statements were approved and authorised for issue by the Board of Directors on 22 September 2024, and are signed on its behalf by:
Daljit Singh Nahil
Director
Registered Company No. 09381730
NAHIL PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 June 23372,117372,117
At 31 May 24372,117372,117
Net book value
At 31 May 24372,117372,117
At 31 May 23372,117372,117
4.Debtors: amounts due within one year

2024

2023

££
Other debtors62,36055,000
Prepayments and accrued income437379
Total62,79755,379
5.Debtors: amounts due after one year

2024

2023

££
Other debtors303,999308,999
Total303,999308,999
6.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties554,874529,480
Taxation and social security13,98215,310
Other creditors-1,807
Accrued liabilities and deferred income-1,265
Total568,856547,862
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts277,395277,395
Total277,395277,395
8.Directors advances, credits and guarantees
At the balance sheet date, the amount owed to the director, Mr Daljit Nahil, was £489 Cr (2023: £1,807 Cr).