NAV HOMES LIMITED

Company Registration Number:
14133830 (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

NAV HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NAV HOMES LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Jai Gopal Nandwani
Deepika Nandwani
Registered office: 12
Sandy Lane North
Wallington
England
SM6 8JX
Company Registration Number: 14133830 (England and Wales)

NAV HOMES LIMITED

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

The Company's principal activities during the year continued to be that of Furnished Holiday Home letting.

Political and charitable donations

The Company's charitable donation during the year amounted to £101. No political donations were made.

Directors

The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
Jai Gopal Nandwani
Deepika Nandwani

This report was approved by the board of directors on 24 February 2025
And Signed On Behalf Of The Board By:

Name: Jai Gopal Nandwani
Status: Director

NAV HOMES LIMITED

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 18,945 685
Administrative Expenses ( 30,836 ) ( 93 )
Operating Profit or (Loss) ( 11,891 ) 592
Profit or (Loss) Before Tax ( 11,891 ) 592
Profit or (Loss) for Period ( 11,891 ) 592

The notes form part of these financial statements

NAV HOMES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 599,076 598,720
Total fixed assets: 599,076 598,720
Current assets
Debtors: 1,226 685
Cash at bank and in hand: 2,363 6,490
Total current assets: 3,589 7,175
Prepayments and accrued income: 22,428 9,540
Creditors: amounts falling due within one year: ( 5,229 ) ( 6,578 )
Net current assets (liabilities): 20,788 10,137
Total assets less current liabilities: 619,864 608,857
Creditors: amounts falling due after more than one year: 5 ( 641,790 ) ( 618,790 )
Total net assets (liabilities): ( 21,926 ) ( 9,933 )

The notes form part of these financial statements

NAV HOMES LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 21,927 ) ( 9,934 )
Shareholders funds: ( 21,926 ) ( 9,933 )

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 February 2025
And Signed On Behalf Of The Board By:

Name: Jai Gopal Nandwani
Status: Director

The notes form part of these financial statements

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    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 value, net of value added tax and discounts, of work carried out in respect of services provided to customers

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over estimated useful lives
    Plant and Machinery - 25% Reducing Balance

NAV HOMES LIMITED

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

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 598,720
Additions 474
Disposals -
Revaluations -
Transfers -
At 31 May 2024 599,194
Depreciation
At 01 June 2023 -
Charge for year 118
On disposals -
Other adjustments -
At 31 May 2024 118
Net book value
At 31 May 2024 599,076
At 31 May 2023 598,720

Equipment purchased for £474 in 2023-24
Depreciation has been provided at the following rates in order to write off the assets over estimated useful lives
Plant and Machinery - 25% Reducing Balance

NAV HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due after more than one year note

Long term liabilities of mortgages 429680, corporate loan 78000 and directors loan 134110.