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REGISTERED NUMBER: 13745965 (England and Wales)















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: Mrs Z Saccoccio





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 13745965 (England and Wales)





ACCOUNTANTS: SMH Sheards
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 4 350,000 306,363

CURRENT ASSETS
Cash at bank 1,866 2,311

CREDITORS
Amounts falling due within one year 5 (98,343 ) (102,959 )
NET CURRENT LIABILITIES (96,477 ) (100,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,523

205,715

CREDITORS
Amounts falling due after more than one
year

6

(185,290

)

(189,410

)

PROVISIONS FOR LIABILITIES (8,291 ) -
NET ASSETS 59,942 16,305

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 35,346 -
Retained earnings 24,496 16,205
SHAREHOLDERS' FUNDS 59,942 16,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 20 March 2025 and were signed by:





Mrs Z Saccoccio - Director


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 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 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 306,363
Revaluations 43,637
At 30 November 2024 350,000
NET BOOK VALUE
At 30 November 2024 350,000
At 30 November 2023 306,363

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 4,700 5,044
Taxation and social security 1,945 2,525
Other creditors 91,698 95,390
98,343 102,959

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 185,290 189,410

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 189,990 194,454

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 35,346

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.