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REGISTERED NUMBER: 09764307 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

N and J Family Investments Ltd

N and J Family Investments Ltd (Registered number: 09764307)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N and J Family Investments Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: N J Wright





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
NG1 5AQ





REGISTERED NUMBER: 09764307 (England and Wales)

N and J Family Investments Ltd (Registered number: 09764307)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,267 134,414
Investments 5 - 2,000,000
Investment property 6 117,808 117,808
174,075 2,252,222

CURRENT ASSETS
Debtors 7 1,170,568 1,079,032
Cash at bank - 183
1,170,568 1,079,215
CREDITORS
Amounts falling due within one year 8 157,793 264,165
NET CURRENT ASSETS 1,012,775 815,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,186,850

3,067,272

CREDITORS
Amounts falling due after more than one
year

9

(3,585,822

)

(3,205,618

)

PROVISIONS FOR LIABILITIES (13,909 ) (48,136 )
NET LIABILITIES (2,412,881 ) (186,482 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 38,504 43,435
Retained earnings (2,451,485 ) (230,017 )
SHAREHOLDERS' FUNDS (2,412,881 ) (186,482 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

N and J Family Investments Ltd (Registered number: 09764307)

Balance Sheet - continued
31 January 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 29 January 2025 and were signed by:





N J Wright - Director


N and J Family Investments Ltd (Registered number: 09764307)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

N and J Family Investments Ltd 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

Plant, Machinery and Equipment held and used in the Company's own activities are stated in the balance sheet at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the balance sheet.

Any revaluation increase on Plant, Machinery and Equipment is credited to the property revaluation reserve.

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.

N and J Family Investments Ltd (Registered number: 09764307)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST OR VALUATION
At 1 February 2023 234,976
Disposals (98,476 )
At 31 January 2024 136,500
DEPRECIATION
At 1 February 2023 100,562
Charge for year 24,570
Eliminated on disposal (44,899 )
At 31 January 2024 80,233
NET BOOK VALUE
At 31 January 2024 56,267
At 31 January 2023 134,414

Cost or valuation at 31 January 2024 is represented by:

Plant and
machinery
£   
Valuation in 2020 (19,449 )
Valuation in 2021 (37,196 )
Cost 193,145
136,500

N and J Family Investments Ltd (Registered number: 09764307)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 February 2023 224,476
Disposals (98,476 )
At 31 January 2024 126,000
DEPRECIATION
At 1 February 2023 94,492
Charge for year 23,462
Eliminated on disposal (44,899 )
At 31 January 2024 73,055
NET BOOK VALUE
At 31 January 2024 52,945
At 31 January 2023 129,984

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 2,000,000
Disposals (2,000,000 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 2,000,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 117,808
NET BOOK VALUE
At 31 January 2024 117,808
At 31 January 2023 117,808

The investment property is held at cost and the director does not deem fair value to be different to cost.

N and J Family Investments Ltd (Registered number: 09764307)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 49,276
Other debtors 4,114 3,698
4,114 52,974

Amounts falling due after more than one year:
Other debtors 1,166,454 1,026,058

Aggregate amounts 1,170,568 1,079,032

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 35,280 85,989
Trade creditors 34,753 30,394
Taxation and social security 18,515 81,325
Other creditors 29,245 26,457
157,793 264,165

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,333 73,333
Hire purchase contracts 13,295 88,540
Other creditors 3,539,194 3,043,745
3,585,822 3,205,618

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire Purchase Loan 48,575 174,529

Hire purchase liabilities of £48,575 (2023: £174,529) are secured by a way of a fixed charge over the assets to which the hire purchase agreements relate.

N and J Family Investments Ltd (Registered number: 09764307)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Revaluation
reserve
£   
At 1 February 2023 43,435
Transfer of realised profit (6,575 )
Deferred Tax 1,644

At 31 January 2024 38,504