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REGISTERED NUMBER: 01050546 (England and Wales)















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: S Briggs
S P Woodley
J E Nash





REGISTERED OFFICE: 25 Hurst Hill
Chatham
Kent
ME5 9BX





REGISTERED NUMBER: 01050546 (England and Wales)





ACCOUNTANTS: M N Jenks & Co Limited
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 4 388 1,164
Investment property 5 1,800,000 1,800,000
1,800,388 1,801,164

CURRENT ASSETS
Debtors 6 27,118 27,025
Cash at bank 100,221 93,891
127,339 120,916
CREDITORS
Amounts falling due within one year 7 51,570 12,462
NET CURRENT ASSETS 75,769 108,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,157

1,909,618

PROVISIONS FOR LIABILITIES 8 345,870 354,228
NET ASSETS 1,530,287 1,555,390

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Capital redemption reserve 10,000 10,000
Retained earnings 1,510,287 1,535,390
SHAREHOLDERS' FUNDS 1,530,287 1,555,390

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

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

P & W Nash (Property) Limited (Registered number: 01050546)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





S P Woodley - Director


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 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. 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.

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 3 (2023 - 3 ) .

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 2,328
DEPRECIATION
At 1 October 2023 1,164
Charge for year 776
At 30 September 2024 1,940
NET BOOK VALUE
At 30 September 2024 388
At 30 September 2023 1,164

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,800,000
NET BOOK VALUE
At 30 September 2024 1,800,000
At 30 September 2023 1,800,000

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 27,118 27,025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Corporation Tax - 5,217
Social security and other taxes - 300
Other creditors 51,570 6,945
51,570 12,462

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 354,228
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 345,870

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: £    £   
10,000 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.