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REGISTERED NUMBER: 09089989 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Narey Capital Limited

Narey Capital Limited (Registered number: 09089989)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Narey Capital Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G P Narey
Mrs J Narey





REGISTERED OFFICE: 1st Floor Offices
11 Penrhyn Avenue
Rhos on Sea
Conwy
LL28 4PS





REGISTERED NUMBER: 09089989 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Narey Capital Limited (Registered number: 09089989)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,311 7,425
Investments 5 615,116 654,846
Investment property 6 1,005,755 1,155,755
1,627,182 1,818,026

CURRENT ASSETS
Debtors 7 199,671 116,020
Cash at bank 78,426 63,837
278,097 179,857
CREDITORS
Amounts falling due within one year 8 693,679 737,785
NET CURRENT LIABILITIES (415,582 ) (557,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,211,600

1,260,098

PROVISIONS FOR LIABILITIES 425 40,247
NET ASSETS 1,211,175 1,219,851

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property reserve 112,793 146,356
Retained earnings 1,098,282 1,073,395
SHAREHOLDERS' FUNDS 1,211,175 1,219,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Narey Capital Limited (Registered number: 09089989)

Balance Sheet - continued
30 June 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 10 March 2025 and were signed on its behalf by:





G P Narey - Director


Narey Capital Limited (Registered number: 09089989)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Narey Capital Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiaries and associated undertakings are measured at cost less any provision for diminution in value

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 10,448
DEPRECIATION
At 1 July 2023 3,023
Charge for year 1,114
At 30 June 2024 4,137
NET BOOK VALUE
At 30 June 2024 6,311
At 30 June 2023 7,425

Narey Capital Limited (Registered number: 09089989)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 611,525 43,321 654,846
Disposals - (556 ) (556 )
Revaluations (40,000 ) 826 (39,174 )
At 30 June 2024 571,525 43,591 615,116
NET BOOK VALUE
At 30 June 2024 571,525 43,591 615,116
At 30 June 2023 611,525 43,321 654,846

Cost or valuation at 30 June 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2021 (298,000 ) 18,812 (279,188 )
Valuation in 2022 - (26,419 ) (26,419 )
Valuation in 2023 - (4,666 ) (4,666 )
Valuation in 2024 (40,000 ) 826 (39,174 )
Cost 909,525 55,038 964,563
571,525 43,591 615,116

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,155,755
Disposals (150,113 )
Revaluations 113
At 30 June 2024 1,005,755
NET BOOK VALUE
At 30 June 2024 1,005,755
At 30 June 2023 1,155,755

Narey Capital Limited (Registered number: 09089989)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 (72,872 )
Valuation in 2020 42,007
Valuation in 2021 (76,470 )
Valuation in 2022 49,326
Valuation in 2023 38,136
Valuation in 2024 113
Cost 1,025,515
1,005,755

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 1,025,515 1,130,878

Investment property was valued on a fair value basis on 30 June 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 9,516 4,913
Amounts owed by group undertakings 185,000 105,000
Other debtors 5,155 6,107
199,671 116,020

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 4,162 123
Taxation and social security 19,298 17,474
Other creditors 670,219 720,188
693,679 737,785

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G & Mrs J Narey.