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Company Registration No. 09555167 (England and Wales)
Nexus Property Investments Ltd Unaudited accounts for the year ended 30 April 2024
Nexus Property Investments Ltd Unaudited accounts Contents
Page
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Nexus Property Investments Ltd Company Information for the year ended 30 April 2024
Director
Justine Bradbrook
Company Number
09555167 (England and Wales)
Registered Office
Meadow Barn Low Road North Tuddenham, Dereham NORFOLK NR20 3AB United Kingdom
Accountants
Arithmo Accountancy Ltd Meadow Barn Low Road North Tuddenham, Dereham NORFOLK NR20 3AB
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Nexus Property Investments Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
628 
653 
Investment property
551,469 
548,138 
552,097 
548,791 
Current assets
Debtors
17 
- 
Cash at bank and in hand
760 
679 
777 
679 
Creditors: amounts falling due within one year
(46,341)
(71,103)
Net current liabilities
(45,564)
(70,424)
Total assets less current liabilities
506,533 
478,367 
Creditors: amounts falling due after more than one year
(407,640)
(381,070)
Provisions for liabilities
Deferred tax
(22,420)
(22,420)
Net assets
76,473 
74,877 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
76,373 
74,777 
Shareholders' funds
76,473 
74,877 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Justine Bradbrook Director Company Registration No. 09555167
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Nexus Property Investments Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Nexus Property Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09555167. The registered office is Meadow Barn, Low Road, North Tuddenham, Dereham, NORFOLK, NR20 3AB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing basis
Computer equipment
33% reducing basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Nexus Property Investments Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
3,560 
At 30 April 2024
3,560 
Depreciation
At 1 May 2023
2,907 
Charge for the year
262 
Surplus on revaluation
(237)
At 30 April 2024
2,932 
Net book value
At 30 April 2024
628 
At 30 April 2023
653 
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
448,276 
448,276 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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