N K ASSETS AND PROPERTIES LTD

Company Registration Number:
13429224 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

N K ASSETS AND PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

N K ASSETS AND PROPERTIES LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 474,838 474,838
Total fixed assets: 474,838 474,838
Current assets
Debtors:   1,323 1,323
Cash at bank and in hand: 3,073 448
Total current assets: 4,396 1,771
Creditors: amounts falling due within one year:   (439,515) (455,308)
Net current assets (liabilities): (435,119) (453,537)
Total assets less current liabilities: 39,719 21,301
Total net assets (liabilities): 39,719 21,301
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4(6,437)(6,437)
Profit and loss account: 46,056 27,638
Shareholders funds: 39,719 21,301

The notes form part of these financial statements

N K ASSETS AND PROPERTIES LTD

Balance sheet statements

For the year ending 31 May 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 25 February 2025
and signed on behalf of the board by:

Name: A Kumar
Status: Director

The notes form part of these financial statements

N K ASSETS AND PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 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 is recognised as rental income is received

Other accounting policies

Investment properties: Investment property, which is property held to earn rentals and/or for capital appreciation is initially recognised at cost which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss.

N K ASSETS AND PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

N K ASSETS AND PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 474,838
At 31 May 2024 474,838
Net book value
At 31 May 2024 474,838
At 31 May 2023 474,838

N K ASSETS AND PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Revaluation reserve

2024
£
Balance at 01 June 2023 (6,437)
Surplus or deficit after revaluation 0
Balance at 31 May 2024 (6,437)