NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Company limited by guarantee

Company Registration Number:
07201924 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the period was to provide cleaning and grounds maintenance services to our tenants.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Adrian Lee
Ann Reynard
Tawana Joseph
Aniekan Umoren


The director shown below has held office during the period of
1 April 2023 to 4 March 2024

Greg Daniel Van Enk-Bones


The director shown below has held office during the period of
1 April 2023 to 15 July 2023

Jacqueline Pamela Kelly


The director shown below has held office during the period of
4 March 2024 to 31 March 2024

Izzet Dizdar


Secretary Izzet Dizdar

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 September 2024

And signed on behalf of the board by:
Name: Aniekan Umoren
Status: Director

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 667,705 592,515
Cost of sales: ( 491,796 ) ( 448,146 )
Gross profit(or loss): 175,909 144,369
Distribution costs: ( 65,000 ) ( 122,328 )
Administrative expenses: ( 86,315 ) ( 68,688 )
Other operating income: 0 0
Operating profit(or loss): 24,594 (46,647)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 24,594 (46,647)
Tax: 0 0
Profit(or loss) for the financial year: 24,594 (46,647)

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 33,690 31,540
Investments:   0 0
Total fixed assets: 33,690 31,540
Current assets
Stocks:   0 0
Debtors: 4 4,084 36,763
Cash at bank and in hand: 108,352 30,169
Investments:   0 0
Total current assets: 112,436 66,932
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 28,495 ) ( 5,435 )
Net current assets (liabilities): 83,941 61,497
Total assets less current liabilities: 117,631 93,037
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 117,631 93,037
Members' funds
Profit and loss account: 117,631 93,037
Total members' funds: 117,631 93,037

The notes form part of these financial statements

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 19 September 2024
and signed on behalf of the board by:

Name: Aniekan Umoren
Status: Director

The notes form part of these financial statements

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the service has been provided.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor vehicles 4 years and Equipment 3 years.

    Other accounting policies

    Basis of preparation of Financial Statements The financial statements have been prepared under the historical cost convention. Going Concern Neighbourhood Estate Solutions Ltd board approved the 3 year business plan which displays a strong financial position for the lifetime of the plan. On this basis, the Board has a reasonable expectation that Neighbourhood Estate Solutions Ltd. has adequate resources to continue in operational existence in the foreseeable future, being a period of twelve months after the date on which the report and financial statementsare signed. For this reason, it continues to operate the going concern basis in the financial statements.

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 19 19

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 34,721 29,900 64,621
Additions 4,233 14,994 19,227
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 March 2024 38,954 44,894 83,848
Depreciation
At 1 April 2023 20,934 12,147 33,081
Charge for year 8,093 8,984 17,077
On disposals 0 0 0
Other adjustments 0 0 0
At 31 March 2024 29,027 21,131 50,158
Net book value
At 31 March 2024 9,927 23,763 33,690
At 31 March 2023 13,787 17,753 31,540

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 3,390 4,095
Other debtors 694 32,668
Total 4,084 36,763
Debtors due after more than one year: 0 0

NEIGHBOURHOOD ESTATES SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 435 435
Accruals and deferred income 6,380 5,000
Other creditors 21,680 0
Total 28,495 5,435