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REGISTERED NUMBER: 12818137 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NASSAB ESTATES LIMITED

NASSAB ESTATES LIMITED (REGISTERED NUMBER: 12818137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NASSAB ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R Nassab
Dr K Babamiri





REGISTERED OFFICE: 49-51 King Street
Knutsford
Cheshire
WA16 6DX





REGISTERED NUMBER: 12818137 (England and Wales)

NASSAB ESTATES LIMITED (REGISTERED NUMBER: 12818137)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,710 7,023
Investment property 5 1,675,494 1,328,626
1,683,204 1,335,649

CURRENT ASSETS
Debtors 6 16,544 66,502
Cash at bank and in hand 11,387 88,386
27,931 154,888
CREDITORS
Amounts falling due within one year 7 32,329 32,100
NET CURRENT (LIABILITIES)/ASSETS (4,398 ) 122,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,678,806

1,458,437

CREDITORS
Amounts falling due after more than
one year

8

(1,729,467

)

(1,494,307

)

PROVISIONS FOR LIABILITIES (1,927 ) (1,334 )
NET LIABILITIES (52,588 ) (37,204 )

NASSAB ESTATES LIMITED (REGISTERED NUMBER: 12818137)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,688 ) (37,304 )
(52,588 ) (37,204 )

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 2 December 2024 and were signed on its behalf by:





Mr R Nassab - Director


NASSAB ESTATES LIMITED (REGISTERED NUMBER: 12818137)

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

1. STATUTORY INFORMATION

Nassab Estates 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
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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
The turnover shown in the profit and loss account represents amount earned during the year and is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixture and fittings - 20% on cost
Computer equipment - 20% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

NASSAB ESTATES LIMITED (REGISTERED NUMBER: 12818137)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 420 9,858 10,278
Additions 3,428 - 3,428
At 31 March 2024 3,848 9,858 13,706
DEPRECIATION
At 1 April 2023 133 3,122 3,255
Charge for year 770 1,971 2,741
At 31 March 2024 903 5,093 5,996
NET BOOK VALUE
At 31 March 2024 2,945 4,765 7,710
At 31 March 2023 287 6,736 7,023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,328,626
Additions 346,868
At 31 March 2024 1,675,494
NET BOOK VALUE
At 31 March 2024 1,675,494
At 31 March 2023 1,328,626

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,544 66,502

NASSAB ESTATES LIMITED (REGISTERED NUMBER: 12818137)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 25,000 25,000
Accruals and deferred income 7,329 7,100
32,329 32,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs 1,124,467 914,307
Amounts owed to group undertakings 605,000 580,000
1,729,467 1,494,307

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 1,124,467 914,307