Registered number
09067554
NARCISSUS INVESTMENTS LIMITED
Filleted Accounts
31 March 2024
NARCISSUS INVESTMENTS LIMITED
Registered number: 09067554
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 345,131 269,281
Investments 4 2,284,954 2,361,587
2,630,085 2,630,868
Current assets
Debtors 5 116,788 700,638
Cash at bank and in hand 136,822 20,351
253,610 720,989
Creditors: amounts falling due within one year 6 (2,451,646) (2,888,414)
Net current liabilities (2,198,036) (2,167,425)
Total assets less current liabilities 432,049 463,443
Creditors: amounts falling due after more than one year 7 (287,558) (216,762)
Provisions for liabilities (58,750) (25,153)
Net assets 85,741 221,528
Capital and reserves
Called up share capital 103 103
Revaluation reserve 8 66,250 176,250
Profit and loss account 19,388 45,175
Shareholders' funds 85,741 221,528
The director is 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 director acknowledges her 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.
Gemma Louise Markey
Director
Approved by the board on 21 February 2025
NARCISSUS INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments Properties
Investment properties are those properties that are held either to earn rental income or for capital appreciation or both.
Investment properties are measured initially at cost including transaction costs and thereafter stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value of investment properties are recognised in the profit and loss account in the year in which they arise.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 17,765 559,669 577,434
Additions - 258,755 258,755
Disposals - (151,522) (151,522)
At 31 March 2024 17,765 666,902 684,667
Depreciation
At 1 April 2023 9,354 298,799 308,153
Charge for the year 1,262 111,211 112,473
On disposals - (81,090) (81,090)
At 31 March 2024 10,616 328,920 339,536
Net book value
At 31 March 2024 7,149 337,982 345,131
At 31 March 2023 8,411 260,870 269,281
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2023 18 2,361,569 2,361,587
Additions - 144,547 144,547
Revaluation - (110,000) (110,000)
Disposals (18) (111,162) (111,180)
At 31 March 2024 - 2,284,954 2,284,954
Investment properties are stated at fair value as determined by the Directors. The fair value of the investment properties is not based upon external valuations and is inherently subjective. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms length transaction at the date of valuation. In determining the fair value of investment properties, the diretors make use of historical and current market data as well as existing lease agreements.

As a result of the level of judgement used in arriving at the market valuations, the amounts which may ultimately be realised in respect of any given property may differ from the valuations shown in the balance sheet.

The key assumptions made in the valuation of investment properties are:

- the amount and timing of future income streams,
- anticipated maintenance costs and other landlord's liabilities, and
- an appropriate yeild

5 Debtors 2024 2023
£ £
Trade debtors 116,788 9,210
Other debtors - 691,428
116,788 700,638
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 88,476 39,277
Trade creditors - 13,703
Taxation and social security costs 6,926 12,860
Other creditors 2,346,244 2,812,574
2,451,646 2,888,414
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,949 20,858
Obligations under finance lease and hire purchase contracts 276,609 195,904
287,558 216,762
8 Revaluation reserve 2024 2023
£ £
At 1 April 2023 176,250 176,250
Disposal of investment property (110,000) -
At 31 March 2024 66,250 176,250
9 Other information
NARCISSUS INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Hemmingway House
Thornes Moor Road
Wakefield
England
WF2 8PG
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