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Registered number: 10742212
Nimer Property Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10742212
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 820,639 820,639
820,639 820,639
CURRENT ASSETS
Debtors 5 5,500 5,500
Cash at bank and in hand 3,478 16,301
8,978 21,801
Creditors: Amounts Falling Due Within One Year 6 (168,765 ) (175,141 )
NET CURRENT ASSETS (LIABILITIES) (159,787 ) (153,340 )
TOTAL ASSETS LESS CURRENT LIABILITIES 660,852 667,299
Creditors: Amounts Falling Due After More Than One Year 7 (607,060 ) (613,267 )
NET ASSETS 53,792 54,032
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 53,692 53,932
SHAREHOLDERS' FUNDS 53,792 54,032
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jaswinder Kingra
Director
06/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nimer Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10742212 . The registered office is 101 Wanstead Park Road, Ilford, Essex, IG1 3TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from rental of residential investment properties.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 820,639
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,500 5,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,361 4,361
Other taxes and social security 834 5,276
Other creditors 162,570 164,504
Accruals and deferred income 1,000 1,000
168,765 175,141
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 607,060 613,267
Page 3
Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4