Company Registration No. 11539576 (England and Wales)
NAVARRA PROPERTY MANAGEMENT LTD
AMENDED Unaudited accounts
for the period from 1 September 2022 to 29 February 2024
NAVARRA PROPERTY MANAGEMENT LTD
AMENDED Unaudited accounts
Contents
NAVARRA PROPERTY MANAGEMENT LTD
Company Information
for the period from 1 September 2022 to 29 February 2024
Directors
Abha Kumari Batra
Rahul Batra
Company Number
11539576 (England and Wales)
Registered Office
Harcroft Woodland Way
Kingswood
Tadworth
KT20 6PA
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
NAVARRA PROPERTY MANAGEMENT LTD
Statement of financial position
as at 29 February 2024
Tangible assets
2,846,500
2,510,500
Cash at bank and in hand
64,025
13,507
Creditors: amounts falling due within one year
(1,508,499)
(1,418,199)
Net current liabilities
(1,110,419)
(1,178,138)
Total assets less current liabilities
1,736,081
1,332,362
Creditors: amounts falling due after more than one year
(1,035,310)
(1,027,590)
Provisions for liabilities
Deferred tax
(106,738)
(60,906)
Net assets
594,033
243,866
Called up share capital
100
100
Revaluation reserve
488,122
243,622
Profit and loss account
105,811
144
Shareholders' funds
594,033
243,866
For the period ending 29 February 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 28 November 2024 and were signed on its behalf by
Rahul Batra
Director
Company Registration No. 11539576
NAVARRA PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the period from 1 September 2022 to 29 February 2024
NAVARRA PROPERTY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11539576. The registered office is Harcroft Woodland Way, Kingswood, Tadworth, KT20 6PA.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At valuation
At cost
At 1 September 2022
1,794,500
716,000
2,510,500
Additions
-
305,000
305,000
Revaluations
244,500
-
244,500
Disposals
-
(213,500)
(213,500)
At 29 February 2024
2,039,000
807,500
2,846,500
At 29 February 2024
2,039,000
807,500
2,846,500
At 31 August 2022
1,794,500
716,000
2,510,500
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.
NAVARRA PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the period from 1 September 2022 to 29 February 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
315,950
216,314
Other debtors
10,385
10,240
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2022
Amounts owed to group undertakings and other participating interests
1,529,012
1,404,938
Taxes and social security
84
84
Other creditors
10,386
10,240
Loans from directors
(32,873)
1,143
8
Creditors: amounts falling due after more than one year
2024
2022
Bank loans
1,027,590
1,027,590
Taxes and social security
7,720
-
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).