Company Registration No. 13916641 (England and Wales)
NBCT Properties Limited
Unaudited accounts
for the period from 1 March 2024 to 31 October 2024
NBCT Properties Limited
Unaudited accounts
Contents
NBCT Properties Limited
Company Information
for the period from 1 March 2024 to 31 October 2024
Directors
Mr N Bland
Mr C Tweddle
Company Number
13916641 (England and Wales)
Registered Office
Whitfield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
United Kingdom
Accountants
Accountants For The Trade (Durham) Ltd
Whitfield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
NBCT Properties Limited
Statement of financial position
as at 31 October 2024
Investment property
159,333
41,981
Cash at bank and in hand
879
4,460
Creditors: amounts falling due within one year
(720)
(830)
Net current assets
159
3,630
Total assets less current liabilities
159,492
45,611
Creditors: amounts falling due after more than one year
(102,980)
(45,200)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
45,012
311
Shareholders' funds
45,112
411
For the period ending 31 October 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 18 December 2024 and were signed on its behalf by
Mr N Bland
Director
Company Registration No. 13916641
NBCT Properties Limited
Notes to the Accounts
for the period from 1 March 2024 to 31 October 2024
NBCT Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13916641. The registered office is Whitfield House, St Johns Road, Meadowfield Industrial Estate, Durham, DH7 8XL, United Kingdom.
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.
These financial statements for the period from 1 March 2024 to 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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Investment property
31/10/2024
Fair value at 1 March 2024
41,981
Net gain from fair value adjustments
60,000
At 31 October 2024
159,333
The investment properties have been valued by the directors, on an open market value for existing use basis. The original cost of the investment properties were £99,333 (Prior period £41,981).
NBCT Properties Limited
Notes to the Accounts
for the period from 1 March 2024 to 31 October 2024
5
Creditors: amounts falling due within one year
31/10/2024
29/02/2024
Taxes and social security
-
110
6
Creditors: amounts falling due after more than one year
31/10/2024
29/02/2024
Amounts owed to group undertakings and other participating interests
42,980
45,200
7
Average number of employees
During the period the average number of employees was 2 (29/02/2024: 2).