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REGISTERED NUMBER: 10895115 (England and Wales)















Financial Statements

for the Year Ended 31 August 2024

for

N D Jewel Ltd

N D Jewel Ltd (Registered number: 10895115)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


N D Jewel Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N A Armstrong
D J Armstrong





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 10895115 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

N D Jewel Ltd (Registered number: 10895115)

Statement of Financial Position
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 1,126 1,660
Investment property 6 595,000 585,000
596,126 586,660

CURRENT ASSETS
Debtors 7 487 440
Cash at bank 8,251 19,524
8,738 19,964
CREDITORS
Amounts falling due within one year 8 (452,200 ) (466,708 )
NET CURRENT LIABILITIES (443,462 ) (446,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,664

139,916

CREDITORS
Amounts falling due after more than one
year

9

(68,110

)

(66,585

)

PROVISIONS FOR LIABILITIES (9,611 ) (7,711 )
NET ASSETS 74,943 65,620

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 40,973 32,873
Retained earnings 33,870 32,647
SHAREHOLDERS' FUNDS 74,943 65,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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 D Jewel Ltd (Registered number: 10895115)

Statement of Financial Position - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





D J Armstrong - Director


N D Jewel Ltd (Registered number: 10895115)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

N D Jewel Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis, which the Directors consider to be appropriate as they have agreed not to withdraw their loan accounts and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

N D Jewel Ltd (Registered number: 10895115)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. PROPERTY, PLANT AND EQUIPMENT
Office
equipment
£   
Cost
At 1 September 2023
and 31 August 2024 3,949
Depreciation
At 1 September 2023 2,289
Charge for year 534
At 31 August 2024 2,823
Net book value
At 31 August 2024 1,126
At 31 August 2023 1,660

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 September 2023 585,000
Revaluations 10,000
At 31 August 2024 595,000
Net book value
At 31 August 2024 595,000
At 31 August 2023 585,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2018 (12,435 )
Valuation in 2019 5,057
Valuation in 2020 (7,000 )
Valuation in 2021 52,000
Valuation in 2022 62,000
Valuation in 2023 (59,037 )
Valuation in 2024 10,000
Cost 544,415
595,000

Investment property was valued on an open market basis on 31 August 2024 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 487 440

N D Jewel Ltd (Registered number: 10895115)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Taxation and social security 1,285 5,605
Other creditors 450,915 461,103
452,200 466,708

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 68,110 66,585

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,110 66,585

10. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Bank loans 68,110 66,585

Mortgages are held over properties included in the statement of financial position.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director was owed £178,468 (2023: £179,202) by the company. No interest is charged on the loan, and the loan is repayable on demand.