NRB PROPERTIES LIMITED

Company Registration Number:
04501735 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

NRB PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

NRB PROPERTIES LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 12,010,326 11,662,057
Total fixed assets: 12,010,326 11,662,057
Current assets
Debtors:   6,880 6,140
Cash at bank and in hand: 1,710,024 1,987,254
Total current assets: 1,716,904 1,993,394
Creditors: amounts falling due within one year:   (6,169,882) (6,714,472)
Net current assets (liabilities): (4,452,978) (4,721,078)
Total assets less current liabilities: 7,557,348 6,940,979
Provision for liabilities: (442,035) (428,023)
Total net assets (liabilities): 7,115,313 6,512,956
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,115,213 6,512,856
Shareholders funds: 7,115,313 6,512,956

The notes form part of these financial statements

NRB PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 August 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 12 February 2025
and signed on behalf of the board by:

Name: G.J.Brown
Status: Director

The notes form part of these financial statements

NRB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 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 represents the net invoiced rentals of properties, excluding VAT.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

NRB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

NRB PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 14,244,136
Additions 348,269
At 31 August 2024 14,592,405
Depreciation
At 01 September 2023 2,582,079
At 31 August 2024 2,582,079
Net book value
At 31 August 2024 12,010,326
At 31 August 2023 11,662,057

Investment Property The classification of properties as investment property or property plant and equipment is based upon the intended use of the property. Properties held to earn market rentals or for capital appreciation or both are classified as investment properties. Investment properties are measured at fair value annually with any charge recognised in surplus or deficit in the statement of comprehensive income.