NELSON PROPERTIES (NEWCASTLE) LIMITED

Company Registration Number:
10733804 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

NELSON PROPERTIES (NEWCASTLE) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

NELSON PROPERTIES (NEWCASTLE) LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 599,399 613,338
Total fixed assets: 599,399 613,338
Current assets
Cash at bank and in hand: 2,119 5,274
Total current assets: 2,119 5,274
Creditors: amounts falling due within one year:   (65,321) (62,893)
Net current assets (liabilities): (63,202) (57,619)
Total assets less current liabilities: 536,197 555,719
Creditors: amounts falling due after more than one year:   (443,913) (444,574)
Total net assets (liabilities): 92,284 111,145
Capital and reserves
Called up share capital: 1,002 1,002
Share premium account: 164,000 164,000
Profit and loss account: (72,718) (53,857)
Shareholders funds: 92,284 111,145

The notes form part of these financial statements

NELSON PROPERTIES (NEWCASTLE) LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 January 2025
and signed on behalf of the board by:

Name: Miss Joanne Carter
Status: Director

The notes form part of these financial statements

NELSON PROPERTIES (NEWCASTLE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the economic life of that asset as follows: Investment Properties - 2% straight line

NELSON PROPERTIES (NEWCASTLE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

NELSON PROPERTIES (NEWCASTLE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 696,972
At 30 April 2024 696,972
Depreciation
At 01 May 2023 83,634
Charge for year 13,939
At 30 April 2024 97,573
Net book value
At 30 April 2024 599,399
At 30 April 2023 613,338

NELSON PROPERTIES (NEWCASTLE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Related party transactions

Name of the related party: Miss J Carter
Relationship:
Director
Description of the Transaction: Funds introduced into the company by director to assist cashflow
£
Balance at 01 May 2023 46,880
Balance at 30 April 2024 56,748