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Registration number: 14120893

Nab View Properties Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Nab View Properties Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Nab View Properties Ltd

Company Information

Directors

Mr Simon Bodger

Hannah Hartley

Registered office

Manchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

Accountants

Fullertons Limited
Chartered Certified Accountants
Manchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

 

Nab View Properties Ltd

(Registration number: 14120893)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

239,234

239,234

Current assets

 

Debtors

5

2,975

414

Cash at bank and in hand

 

159,337

860

 

162,312

1,274

Creditors: Amounts falling due within one year

6

(296,980)

(135,300)

Net current liabilities

 

(134,668)

(134,026)

Total assets less current liabilities

 

104,566

105,208

Creditors: Amounts falling due after more than one year

6

(107,898)

(111,544)

Net liabilities

 

(3,332)

(6,336)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(3,432)

(6,436)

Shareholders' deficit

 

(3,332)

(6,336)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 January 2025 and signed on its behalf by:
 

 

Nab View Properties Ltd

(Registration number: 14120893)
Balance Sheet as at 30 April 2024

.........................................
Mr Simon Bodger
Director

 

Nab View Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Manchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

The principal place of business is:
North Parade
Burley-In-Wharfedale
Ilkley
West Yorkshire
LS29 7JR
England

These financial statements were authorised for issue by the Board on 6 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis in view of the continued support of the directors.

Revenue recognition

Turnover comprises the fair value of the rent received or receivable in the ordinary course of the company’s activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Nab View Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 May

239,234

At 30 April

239,234

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

5

Debtors

Current

2024
£

2023
£

Prepayments

2,975

414

 

2,975

414

 

Nab View Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

246,140

134,490

Accruals and deferred income

 

840

810

Other creditors

 

50,000

-

 

296,980

135,300

Creditors include a bank loan which is secured of £4,120 (2023:£4,181).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

107,898

111,544

Creditors include a bank loan which is secured of £107,898 (2023: £111,544).

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Nab View Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

107,898

111,544

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,120

4,180

Other borrowings

242,020

130,310

246,140

134,490

9

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Simon Bodger

Directors loan account

120,084

(1,290)

100,000

218,794

Hannah Hartley

Directors loan account

10,226

-

13,000

23,226

2023

At 20 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr Simon Bodger

Directors loan account

-

(50)

120,134

120,084

Hannah Hartley

Directors loan account

-

(50)

10,276

10,226

Loans from related parties

 

Nab View Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2024

Entities with joint control or significant influence
£

Total
£

Advanced

50,000

50,000

At end of period

50,000

50,000

Terms of loans from related parties

Included in other creditors is a loan owed to Ilkley Autocare Limited a company in which Mr Simon Bodger is the sole director and shareholder. The loan is interest free and repayable on demand.