REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
P & W Nash (Property) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
P & W Nash (Property) Limited |
P & W Nash (Property) Limited (Registered number: 01050546) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
P & W Nash (Property) Limited |
Company Information |
for the Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
72 Commercial Road |
Paddock Wood |
Tonbridge |
Kent |
TN12 6DP |
P & W Nash (Property) Limited (Registered number: 01050546) |
Balance Sheet |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve |
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. |
P & W Nash (Property) Limited (Registered number: 01050546) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
P & W Nash (Property) Limited (Registered number: 01050546) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
P & W Nash (Property) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is recognised at the fair value of the rental consideration received or receivable in respect of rental properties owned. |
Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided at the following annual rates in order to write off each asset are its estimated useful life. |
Computer Equipment - 33.33% on straight line basis |
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 or loss. |
Taxation |
Taxation represents the sum of tax currently payable and deferred tax. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled, or the asset is realised. |
Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits including chargeable gains. |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
P & W Nash (Property) Limited (Registered number: 01050546) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
The Directors have reviewed the value of the investment property, which they consider is measured at fair value at 30 September 2024. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Corporation Tax | - | 5,217 |
Social security and other taxes |
Other creditors |
P & W Nash (Property) Limited (Registered number: 01050546) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
8. | PROVISIONS FOR LIABILITIES |
30.9.24 | 30.9.23 |
£ | £ |
Deferred tax |
Deferred tax relating to the revaluation of the Company's Investment Property |
345,773 |
353,937 |
Deferred Tax relating to tax allowances on Fixed Assets |
97 |
291 |
345,870 | 354,228 |
Deferred |
tax |
£ |
Balance at 1 October 2023 |
Deferred Tax calculated in |
accordance with Note 1 |
relating to the revaluation |
of the Company’s Investment |
Property | (8,164 | ) |
Deferred Tax calculated in |
accordance with Note 1, |
relating to tax allowances on |
fixed assets | (194 | ) |
Balance at 30 September 2024 |
Of which, Deferred Tax calculated in accordance with Note 1, relating to the revaluation of the Company's Investment Property amounted to £345,773 and Deferred Tax calculated in accordance with Note 1, relating to tax allowances on fixed assets amounted to £97. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
10. | NON-DISTRIBUTABLE RESERVES |
Included within profit and loss reserves are non-distributable reserves of £1,313,422 (2023 - £1,304,773) |
in relation to the revaluation of investment property less deferred tax. |