IRIS Accounts Production v24.2.0.383 10199114 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101991142023-06-30101991142024-06-30101991142023-07-012024-06-30101991142022-06-30101991142022-07-012023-06-30101991142023-06-3010199114ns15:EnglandWales2023-07-012024-06-3010199114ns14:PoundSterling2023-07-012024-06-3010199114ns10:Director12023-07-012024-06-3010199114ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010199114ns10:SmallEntities2023-07-012024-06-3010199114ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010199114ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010199114ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010199114ns10:AbridgedAccounts2023-07-012024-06-3010199114ns10:Director22023-07-012024-06-3010199114ns10:RegisteredOffice2023-07-012024-06-3010199114ns5:CurrentFinancialInstruments2024-06-3010199114ns5:CurrentFinancialInstruments2023-06-3010199114ns5:Non-currentFinancialInstruments2024-06-3010199114ns5:Non-currentFinancialInstruments2023-06-3010199114ns5:ShareCapital2024-06-3010199114ns5:ShareCapital2023-06-3010199114ns5:RevaluationReserve2024-06-3010199114ns5:RevaluationReserve2023-06-3010199114ns5:RetainedEarningsAccumulatedLosses2024-06-3010199114ns5:RetainedEarningsAccumulatedLosses2023-06-3010199114ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 10199114 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

N AND F PROPERTIES LIMITED

N AND F PROPERTIES LIMITED (REGISTERED NUMBER: 10199114)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


N AND F PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N S Colquhoun
O M Black





REGISTERED OFFICE: 323 Smithdown Road
Liverpool
Merseyside
L15 3JA





REGISTERED NUMBER: 10199114 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

N AND F PROPERTIES LIMITED (REGISTERED NUMBER: 10199114)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,357,272 17,400,411

CURRENT ASSETS
Debtors 97,912 139,683
Cash at bank and in hand 22,945 491,483
120,857 631,166
CREDITORS
Amounts falling due within one year 190,492 51,675
NET CURRENT (LIABILITIES)/ASSETS (69,635 ) 579,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,287,637

17,979,902

CREDITORS
Amounts falling due after more than one
year

5

(13,137,171

)

(13,314,038

)

PROVISIONS FOR LIABILITIES (1,287,790 ) (1,166,639 )
NET ASSETS 3,862,676 3,499,225

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 4,647,077 4,768,228
Retained earnings (784,501 ) (1,269,103 )
SHAREHOLDERS' FUNDS 3,862,676 3,499,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

N AND F PROPERTIES LIMITED (REGISTERED NUMBER: 10199114)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 November 2024 and were signed on its behalf by:





N S Colquhoun - Director


N AND F PROPERTIES LIMITED (REGISTERED NUMBER: 10199114)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

N And F Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Investment properties are included at open market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The accounts have been prepared on a going concern basis. Until such time as is required, the company will rely on the support of it's directors and creditors.

3. EMPLOYEES AND DIRECTORS

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

N AND F PROPERTIES LIMITED (REGISTERED NUMBER: 10199114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2023 17,400,411
Additions 956,861
At 30 June 2024 18,357,272
NET BOOK VALUE
At 30 June 2024 18,357,272
At 30 June 2023 17,400,411

Cost or valuation at 30 June 2024 is represented by:

Totals
£   
Valuation in 2019 1,687,462
Valuation in 2020 2,400,527
Valuation in 2022 1,409,265
Valuation in 2023 437,613
Cost 12,422,405
18,357,272

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/6/24 30/6/23
£    £   
Repayable by instalments
Mortgages 11,618,004 11,784,871

6. RESERVES
Revaluation
reserve
£   
At 1 July 2023 4,768,228
Movement in year (121,151 )

At 30 June 2024 4,647,077

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount due to O Black, a company director.

8. RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to family members of one of the directors, O Black. These are as follows:-

J Epstein - £375,000
R Epstein - £375,000
E Black - £375,000