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REGISTERED NUMBER: 10481754 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Nick Stevens Properties Limited

Nick Stevens Properties Limited (Registered number: 10481754)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nick Stevens Properties Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: N Stevens





REGISTERED OFFICE: 33 Eccles Road
London
SW11 1LZ





REGISTERED NUMBER: 10481754 (England and Wales)





ACCOUNTANTS: Rowans KS
Chartered Accountants
4 Gibbs Hill
Headcorn
Ashford
TN27 9UD

Nick Stevens Properties Limited (Registered number: 10481754)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571 2,474
Investments 5 1 1
Investment property 6 3,043,800 2,620,100
3,044,372 2,622,575

CURRENT ASSETS
Debtors 7 25,356 240,123
Cash at bank 8,927 8,761
34,283 248,884
CREDITORS
Amounts falling due within one year 8 102,097 137,903
NET CURRENT (LIABILITIES)/ASSETS (67,814 ) 110,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,976,558

2,733,556

CREDITORS
Amounts falling due after more than one
year

9

(874,951

)

(993,372

)

PROVISIONS FOR LIABILITIES (237,036 ) (176,818 )
NET ASSETS 1,864,571 1,563,366

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,864,570 1,563,365
1,864,571 1,563,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Nick Stevens Properties Limited (Registered number: 10481754)

Balance Sheet - continued
30 November 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 director and authorised for issue on 20 January 2025 and were signed by:





N Stevens - Director


Nick Stevens Properties Limited (Registered number: 10481754)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Nick Stevens Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Nick Stevens Properties Limited (Registered number: 10481754)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 8,631
DEPRECIATION
At 1 December 2023 6,157
Charge for year 1,903
At 30 November 2024 8,060
NET BOOK VALUE
At 30 November 2024 571
At 30 November 2023 2,474

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 1
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 2,620,100
Additions 182,111
Revaluations 241,589
At 30 November 2024 3,043,800
NET BOOK VALUE
At 30 November 2024 3,043,800
At 30 November 2023 2,620,100

Nick Stevens Properties Limited (Registered number: 10481754)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2017 (466 )
Valuation in 2018 111,768
Valuation in 2019 39,241
Valuation in 2020 11,427
Valuation in 2021 414,765
Valuation in 2022 187,972
Valuation in 2023 (58,153 )
Valuation in 2024 241,589
Cost 2,095,657
3,043,800

If the investment properties had not been revalued 44 would have been included at the following historical cost:

30.11.24 30.11.23
£    £   
Cost 209,567 1,913,546

Investment properties - 44 valued on an open market basis on 26 November 2024 by reference to online data .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 25,356 240,123

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 6,911 6,697
Taxation and social security 45,776 31,217
Other creditors 49,410 99,989
102,097 137,903

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 33,612 40,611
Other creditors 841,339 952,761
874,951 993,372

10. RELATED PARTY DISCLOSURES

Creditors due after more than one year include £789,453 in respect of a loan from a director and £51,886 in respect of a loan from a subsidiary. The director has deferred repayment of the respective loans until on or after 1 December 2025 at the earliest.