Registered number
12785630
NUBARI PROPERTY LIMITED
Filleted Accounts
31 August 2024
NUBARI PROPERTY LIMITED
Registered number: 12785630
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 106,023 8,542
Current assets
Cash at bank and in hand 702 24,000
Creditors: amounts falling due within one year 4 (400) (250)
Net current assets 302 23,750
Total assets less current liabilities 106,325 32,292
Creditors: amounts falling due after more than one year 5 (112,934) (32,831)
Net liabilities (6,609) (539)
Capital and reserves
Called up share capital 3 3
Profit and loss account (6,612) (542)
Shareholders' funds (6,609) (539)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Olatunde Fasanya
Director
Approved by the board on 12 February 2025
NUBARI PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 8,542
Additions 99,644
At 31 August 2024 108,186
Depreciation
Charge for the year 2,163
At 31 August 2024 2,163
Net book value
At 31 August 2024 106,023
At 31 August 2023 8,542
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 400 250
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 43,584 32,831
Obligations under finance lease and hire purchase contracts 69,350 -
112,934 32,831
6 Other information
NUBARI PROPERTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
50 Oakdene Road
Watford
WD24 6RW
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