REGISTERED NUMBER: |
LITTLE NIPPERS PROPERTIES LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
REGISTERED NUMBER: |
LITTLE NIPPERS PROPERTIES LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
LITTLE NIPPERS PROPERTIES LTD (REGISTERED NUMBER: 13745965) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 November 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LITTLE NIPPERS PROPERTIES LTD |
COMPANY INFORMATION |
for the year ended 30 November 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
LITTLE NIPPERS PROPERTIES LTD (REGISTERED NUMBER: 13745965) |
BALANCE SHEET |
30 November 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
LITTLE NIPPERS PROPERTIES LTD (REGISTERED NUMBER: 13745965) |
BALANCE SHEET - continued |
30 November 2024 |
The financial statements were approved by the director and authorised for issue on |
LITTLE NIPPERS PROPERTIES LTD (REGISTERED NUMBER: 13745965) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 November 2024 |
1. | STATUTORY INFORMATION |
Little Nippers Properties Ltd 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 measured at the fair value of the rental income receivable. |
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. |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. |
Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs. |
Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss. |
Financial liabilities are classified depending on the substance of the contractual arrangements entered into. |
Basic financial liabilities, including trade and other creditors, bank loans, and accruals, are initially recognised at transaction price. |
Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire. |
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 balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
LITTLE NIPPERS PROPERTIES LTD (REGISTERED NUMBER: 13745965) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 November 2024 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2023 |
Revaluations | 43,637 |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 30 November 2023 |
Fair value at 30 November 2024 is represented by: |
£ |
Valuation in 2024 | 350,000 |
If the property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 306,363 | - |
Investment property was valued on an open market basis on 30 November 2024 by the directors . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 166,489 | 169,234 |
LITTLE NIPPERS PROPERTIES LTD (REGISTERED NUMBER: 13745965) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 November 2024 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The bank loan is secured against the property. |
8. | RESERVES |
Revaluation |
reserve |
£ |
Non distributable reserves | 43,637 |
Deferred tax on non |
distributable reserves | (8,291 | ) |
At 30 November 2024 |
9. | RELATED PARTY DISCLOSURES |
Loans owing to the director on an interest free basis of £90,087 (2023: £93,453) were outstanding at the year end. Loans will be repaid when funds permit. |