REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 AUGUST 2024 |
FOR |
LITTLE NELL LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 AUGUST 2024 |
FOR |
LITTLE NELL LIMITED |
LITTLE NELL LIMITED (REGISTERED NUMBER: 06351851) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 AUGUST 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LITTLE NELL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 AUGUST 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ground Floor |
Egerton House |
68 Baker Street |
Weybridge |
Surrey |
KT13 8AL |
LITTLE NELL LIMITED (REGISTERED NUMBER: 06351851) |
BALANCE SHEET |
30 AUGUST 2024 |
30.8.24 | 30.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LITTLE NELL LIMITED (REGISTERED NUMBER: 06351851) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 AUGUST 2024 |
1. | STATUTORY INFORMATION |
Little Nell Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income, excluding VAT. |
Rental income is recognised in the period to which it relates to. |
Investment property |
In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date. |
Taxation |
Taxation for the year comprises current 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 tax 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31 August 2023 |
and 30 August 2024 |
NET BOOK VALUE |
At 30 August 2024 |
At 30 August 2023 |
LITTLE NELL LIMITED (REGISTERED NUMBER: 06351851) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 AUGUST 2024 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 30 August 2024 is represented by: |
£ |
Valuation in 2024 | 160,000 |
If Investment property had not been revalued it would have been included at the following historical cost: |
30.8.24 | 30.8.23 |
£ | £ |
Cost | 150,000 | 150,000 |
Investment property was valued on an open market basis on 30 August 2024 by the directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.8.24 | 30.8.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.8.24 | 30.8.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.8.24 | 30.8.23 |
value: | £ | £ |
Ordinary | £1.00 | 2 | 2 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 August 2024 and 30 August 2023: |
30.8.24 | 30.8.23 |
£ | £ |
Director |
Balance outstanding at start of year | (40,801 | ) | (45,801 | ) |
Amounts advanced | 8,500 | 5,000 |
Amounts repaid | (20 | ) | - |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | (32,321 | ) | (40,801 | ) |
LITTLE NELL LIMITED (REGISTERED NUMBER: 06351851) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 AUGUST 2024 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
Director |
Balance outstanding at start of year | (66,395 | ) | (66,395 | ) |
Amounts repaid | - | - |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | (66,395 | ) | (66,395 | ) |
The loans are interest free. |