Company Registration No. 11837396 (England and Wales)
Nageena Properties Limited
Unaudited accounts
for the year ended 31 March 2024
Nageena Properties Limited
Unaudited accounts
Contents
Nageena Properties Limited
Company Information
for the year ended 31 March 2024
Directors
Shabaz Ahmed
Tanzeela Ahmed
Company Number
11837396 (England and Wales)
Registered Office
94 ALBERT ROAD
ILFORD
IG1 1HT
UNITED KINGDOM
Nageena Properties Limited
Statement of financial position
as at 31 March 2024
Investment property
3,095,778
2,671,773
Cash at bank and in hand
33,637
8,535
Creditors: amounts falling due within one year
(1,006,123)
(800,833)
Net current liabilities
(952,486)
(772,298)
Total assets less current liabilities
2,143,292
1,899,475
Creditors: amounts falling due after more than one year
(2,107,588)
(1,871,976)
Called up share capital
100
100
Profit and loss account
35,604
27,399
Shareholders' funds
35,704
27,499
For the year ending 31 March 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 10 January 2024 and were signed on its behalf by
Shabaz Ahmed
Director
Company Registration No. 11837396
Nageena Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
Nageena Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11837396. The registered office is 94 ALBERT ROAD, ILFORD, IG1 1HT, 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.
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.
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.
Fair value at 1 April 2023
2,671,773
At 31 March 2024
3,095,778
Amounts falling due within one year
Accrued income and prepayments
20,000
20,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,987
18,407
Taxes and social security
2,936
6,914
Proposed dividends
2,000
2,000
Other creditors
15,171
8,684
Loans from directors
974,029
764,828
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
2,107,588
1,871,976
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).