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Company Registration No. 13468995 (England and Wales)
Noy Property Solutions Limited Unaudited accounts for the year ended 30 June 2024
Noy Property Solutions Limited Unaudited accounts Contents
Page
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Noy Property Solutions Limited Company Information for the year ended 30 June 2024
Directors
Mr R Noy Mrs R Noy
Company Number
13468995 (England and Wales)
Registered Office
16 Dover Street Canterbury CT1 3HD England
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
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Noy Property Solutions Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
325,000 
325,000 
Current assets
Debtors
208 
- 
Cash at bank and in hand
5,533 
11,458 
5,741 
11,458 
Creditors: amounts falling due within one year
(135,140)
(148,486)
Net current liabilities
(129,399)
(137,028)
Total assets less current liabilities
195,601 
187,972 
Creditors: amounts falling due after more than one year
(189,957)
(189,979)
Net assets/(liabilities)
5,644 
(2,007)
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
5,494 
(2,157)
Shareholders' funds
5,644 
(2,007)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by
Mrs R Noy Director Company Registration No. 13468995
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Noy Property Solutions Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Noy Property Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 13468995. The registered office is 16 Dover Street, Canterbury, CT1 3HD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Noy Property Solutions Limited Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
325,000 
At 30 June 2024
325,000 
Investment property comprises of freehold and leasehold properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
208 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,795 
466 
Other creditors
1,700 
1,673 
Loans from directors
130,733 
145,465 
Deferred income
912 
882 
135,140 
148,486 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
189,957 
189,979 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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