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Registration number: 04661750

Nest Property Investments Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2023

 

Nest Property Investments Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Nest Property Investments Limited

Company Information

Director

Mr C Parris

Registered office

26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

 

Nest Property Investments Limited

(Registration number: 04661750)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,002,896

2,003,092

Current assets

 

Debtors

5

44,083

29,947

Cash at bank and in hand

 

24,827

16,243

 

68,910

46,190

Creditors: Amounts falling due within one year

(102,478)

(95,348)

Net current liabilities

 

(33,568)

(49,158)

Total assets less current liabilities

 

1,969,328

1,953,934

Creditors: Amounts falling due after more than one year

(1,193,841)

(1,199,857)

Provisions for liabilities

(136,898)

(136,898)

Accruals and deferred income

 

(4,566)

(7,860)

Net assets

 

634,023

609,319

Capital and reserves

 

Called up share capital

6

2

2

Revaluation reserve

583,618

583,618

Retained earnings

50,403

25,699

Shareholders' funds

 

634,023

609,319

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Nest Property Investments Limited

(Registration number: 04661750)
Abridged Balance Sheet as at 30 June 2023

Approved and authorised by the director on 27 November 2024
 

.........................................
Mr C Parris
Director

 

Nest Property Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

These financial statements were authorised for issue by the director on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Nest Property Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

not provided

Furniture and fittings

15% reducing balance

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. The investment properties are initially measured at cost, including transaction costs. Subsequently, the investment properties whose fair value can be measured reliably without cost or effort on an ongoing basis is measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss account in the period in which they arise.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Nest Property Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

1,980,538

35,109

2,015,647

At 30 June 2023

1,980,538

35,109

2,015,647

Depreciation

At 1 July 2022

-

12,555

12,555

Charge for the year

-

196

196

At 30 June 2023

-

12,751

12,751

Carrying amount

At 30 June 2023

1,980,538

22,358

2,002,896

At 30 June 2022

1,980,538

22,554

2,003,092

Included within the net book value of land and buildings above is £1,980,538 (2022 - £1,980,538) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

7

Dividends

2023

2022

£

£

Interim dividend of £1.00 (2022 - £1,000.00) per ordinary share

2,000

2,000

 

 
 

Nest Property Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

8

Related party transactions

 

Nest Property Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

8,400

8,400