REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
N. L. HOLDINGS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
N. L. HOLDINGS LIMITED |
N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
N. L. HOLDINGS LIMITED |
Company Information |
FOR THE YEAR ENDED 31 JULY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Balance Sheet |
31 JULY 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Balance Sheet - continued |
31 JULY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2024 |
1. | STATUTORY INFORMATION |
N. L. Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such impairment exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST OR VALUATION |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Cost or valuation at 31 July 2024 is represented by: |
Freehold |
property |
£ |
Valuation in 1999 | 207,044 |
Valuation in 2006 | 380,000 |
Valuation in 2008 | (125,000 | ) |
Valuation in 2013 | (50,000 | ) |
Valuation in 2017 | 225,000 |
Cost | 312,956 |
950,000 |
N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
If the freehold property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 312,956 | 312,956 |
Freehold land and buildings were valued on an open market basis on 31 July 2023 by the directors. |
The freehold property has been revalued based on a valuation from the director which they feel to be appropriate to the open market value of the property. |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 August 2023 |
and 31 July 2024 | 1,394,336 |
NET BOOK VALUE |
At 31 July 2024 | 1,394,336 |
At 31 July 2023 | 1,394,336 |
Cost or valuation at 31 July 2024 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2015 | - | 540 | 540 |
Valuation in 2016 | - | (1,877 | ) | (1,877 | ) |
Valuation in 2017 | - | 1,144 | 1,144 |
Valuation in 2018 | - | (235 | ) | (235 | ) |
Valuation in 2019 | - | (3,279 | ) | (3,279 | ) |
Cost | 365,217 | 1,032,826 | 1,398,043 |
365,217 | 1,029,119 | 1,394,336 |
List investments are 1,029,119 at cost. The market value of these investments at 31st July 2024 is £1,014,032. |
N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Loans to related undertakings | 603,007 | 682,307 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes | ( |
) | ( |
) |
Loans from related undertakings | 1,446,000 | 1,450,000 |
Directors' current accounts | 130,000 | 280,000 |
Accrued expenses |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 August 2023 |
and 31 July 2024 |
9. | RELATED PARTY DISCLOSURES |
Mrs J. Barton and Mrs S. Josty are directors of Arenal Estates and Development Limited. Amount due from Arenal Estates and Developments Limited is £Nil (2023 - £78,600) |
Mrs J. Barton and Mrs S. Josty are directors of Fast and Efficient Finance Limited. Amount due to Fast and Efficient Finance Limited is £1,446,000 (2023 - £1,450,000) |
Mrs J. Barton and Mrs S. Josty are directors of J. Barton (Cardiff) Holdings Limited. Amount due from J. Barton (Cardiff) Holdings Limited is £603,007 (2023 - £603,707). |
Mrs J. Barton is a director of N.L. Holdings Limited. Amount due to Mrs J. Barton is £130,000 (2023 - £280,000). |
10. | ULTIMATE CONTROLLING PARTY |
Mrs J. Barton is the ultimate controlling party. |
The ultimate parent undertaking is J Barton (Cardiff) Holdings Limited. |