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REGISTERED NUMBER: 12524775 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

NAVAM PROPERTIES LIMITED

NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAVAM PROPERTIES LIMITED

Company Information
for the year ended 31 March 2024







Directors: Mr N Jassar
Mrs H K Jassar





Registered office: New Derwent House
69-73 Theobald's Road
London
WC1X 8TA





Registered number: 12524775 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 52,614 -
Investment property 5 1,215,000 1,215,000
1,267,614 1,215,000

Current assets
Debtors 6 181,081 -
Cash at bank 10,471 94,688
191,552 94,688
Creditors
Amounts falling due within one year 7 100,057 336,634
Net current assets/(liabilities) 91,495 (241,946 )
Total assets less current liabilities 1,359,109 973,054

Creditors
Amounts falling due after more than one
year

8

(991,155

)

(620,865

)

Provisions for liabilities (66,504 ) (64,606 )
Net assets 301,450 287,583

Capital and reserves
Called up share capital 10 2 2
Revaluation reserve 11 275,423 -
Retained earnings 26,025 287,581
Shareholders' funds 301,450 287,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Balance Sheet - continued
31 March 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 21 March 2025 and were signed on its behalf by:





Mr N Jassar - Director


NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Navam Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

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 assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. Employees and directors

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

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost or valuation
Additions 53,079 1,979 55,058
At 31 March 2024 53,079 1,979 55,058
Depreciation
Charge for year 2,189 255 2,444
At 31 March 2024 2,189 255 2,444
Net book value
At 31 March 2024 50,890 1,724 52,614

Cost or valuation at 31 March 2024 is represented by:

Motor Computer
vehicles equipment Totals
£    £    £   
Cost 53,079 1,979 55,058

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost or valuation
Additions 51,980
At 31 March 2024 51,980
Depreciation
Charge for year 2,189
At 31 March 2024 2,189
Net book value
At 31 March 2024 49,791

NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1,215,000
Net book value
At 31 March 2024 1,215,000
At 31 March 2023 1,215,000

The directors fair value of the properties as at 31st March 2024 amounts to £1,215,000.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 340,029
Cost 874,971
1,215,000

6. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 526 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 180,555 -

Aggregate amounts 181,081 -

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 21,600 -
Hire purchase contracts 1,811 -
Taxation and social security 1,452 3,859
Other creditors 75,194 332,775
100,057 336,634

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 711,117 620,865
Hire purchase contracts 30,038 -
Other creditors 250,000 -
991,155 620,865

NAVAM PROPERTIES LIMITED (REGISTERED NUMBER: 12524775)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 732,717 620,865

The loans due in more than one year and secured against the properties held by the company.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 2 2 2

11. Reserves
Revaluation
reserve
£   
Revaluation transfer 340,029
Deferred tax on revaluation (64,606 )

At 31 March 2024 275,423

12. Related party disclosures

Included within other debtors due more than one year is an amount of £180,555 due from Navam Coffee Ltd, a company in which the directors have a material interest.

Included within other debtors due within one year is an amount of £526 due from Navamcare Ltd, a company in which the directors have a material interest.