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REGISTERED NUMBER: 00627252 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 MAY 2024

FOR

NIBOR LIMITED

NIBOR LIMITED (REGISTERED NUMBER: 00627252)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


NIBOR LIMITED (REGISTERED NUMBER: 00627252)

BALANCE SHEET
1 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,544 2,059
Investment property 5 5,100,000 5,100,000
5,101,544 5,102,059

CURRENT ASSETS
Debtors 6 13,487 31,991
Cash at bank 277,766 370,807
291,253 402,798
CREDITORS
Amounts falling due within one year 7 (23,832 ) (29,699 )
NET CURRENT ASSETS 267,421 373,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,368,965

5,475,158

PROVISIONS FOR LIABILITIES (868,119 ) (868,248 )
NET ASSETS 4,500,846 4,606,910

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 3,568,406 3,568,406
Retained earnings 932,340 1,038,404
SHAREHOLDERS' FUNDS 4,500,846 4,606,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 May 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.

NIBOR LIMITED (REGISTERED NUMBER: 00627252)

BALANCE SHEET - continued
1 MAY 2024


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

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 January 2025 and were signed on its behalf by:





G Mercer - Director


NIBOR LIMITED (REGISTERED NUMBER: 00627252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MAY 2024


1. STATUTORY INFORMATION

Nibor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00627252

Registered office: West Barn
Kent Street
Cowfold
West Sussex
RH13 8BB

The presentation currency of the financial statements is the Pound Sterling (£).


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 modified to include the revaluation of investment properties at fair value.

Turnover
Turnover represents the fair value of consideration received or receivable by the company as rent from tenants, excluding discounts, rebates, value added tax and other sales tax, and interest from the company's National Savings Investment account and bank account. Turnover is recognised at the point the rent fall is due.

Depreciation
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.


NIBOR LIMITED (REGISTERED NUMBER: 00627252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 2 May 2023
and 1 May 2024 27,425 2,360 29,785
DEPRECIATION
At 2 May 2023 25,366 2,360 27,726
Charge for year 515 - 515
At 1 May 2024 25,881 2,360 28,241
NET BOOK VALUE
At 1 May 2024 1,544 - 1,544
At 1 May 2023 2,059 - 2,059

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 2 May 2023
and 1 May 2024 5,100,000
NET BOOK VALUE
At 1 May 2024 5,100,000
At 1 May 2023 5,100,000

The investment properties were valued on an open market basis at 1 May 2024.

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 663,861 663,861

NIBOR LIMITED (REGISTERED NUMBER: 00627252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,711 4,786
Other debtors 7,776 27,205
13,487 31,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 11,275 20,622
Social security and other taxes 2,305 2,427
Accruals and deferred income 10,252 6,650
23,832 29,699