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REGISTERED NUMBER: 09634620 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Nest Property (Nw) Ltd

Nest Property (Nw) Ltd (Registered number: 09634620)






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


Nest Property (Nw) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R D Ware





REGISTERED OFFICE: 27 Market Street
Hoylake
Wirral
Merseyside
CH47 2BG





REGISTERED NUMBER: 09634620 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Nest Property (Nw) Ltd (Registered number: 09634620)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,040 1,248
Tangible assets 5 968 3,111
Investments 6 25,000 -
Investment property 7 3,815,000 3,117,333
3,842,008 3,121,692

CURRENT ASSETS
Debtors 8 10,799 -
Cash at bank and in hand 5,154 4,776
15,953 4,776
CREDITORS
Amounts falling due within one year 9 290,098 226,059
NET CURRENT LIABILITIES (274,145 ) (221,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,567,863

2,900,409

CREDITORS
Amounts falling due after more than one
year

10

(2,181,928

)

(1,777,643

)

PROVISIONS FOR LIABILITIES (325,337 ) (255,543 )
NET ASSETS 1,060,598 867,223

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 812,633 766,627
Retained earnings 247,865 100,496
1,060,598 867,223

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 director acknowledges his 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.

Nest Property (Nw) Ltd (Registered number: 09634620)

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 director and authorised for issue on 27 March 2025 and were signed by:





R D Ware - Director


Nest Property (Nw) Ltd (Registered number: 09634620)

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

1. STATUTORY INFORMATION

Nest Property (Nw) 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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

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
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Nest Property (Nw) Ltd (Registered number: 09634620)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 2,080
AMORTISATION
At 1 July 2023 832
Charge for year 208
At 30 June 2024 1,040
NET BOOK VALUE
At 30 June 2024 1,040
At 30 June 2023 1,248

Nest Property (Nw) Ltd (Registered number: 09634620)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 25,143
DEPRECIATION
At 1 July 2023 22,032
Charge for year 2,143
At 30 June 2024 24,175
NET BOOK VALUE
At 30 June 2024 968
At 30 June 2023 3,111

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
Additions 50
Revaluations 24,950
At 30 June 2024 25,000
NET BOOK VALUE
At 30 June 2024 25,000

Cost or valuation at 30 June 2024 is represented by:

Interest
in
associate
£   
Valuation in 2024 24,950
Cost 50
25,000

Nest Property (Nw) Ltd (Registered number: 09634620)

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

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 3,117,333
Additions 418,491
Revaluations 279,176
At 30 June 2024 3,815,000
NET BOOK VALUE
At 30 June 2024 3,815,000
At 30 June 2023 3,117,333

The properties are held at fair value and have been valued by the directors.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 10,799 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 60,037 84,384
Trade creditors 2,406 (810 )
Taxation and social security 3,058 29,535
Other creditors 224,597 112,950
290,098 226,059

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,181,928 1,777,643

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,941,779 1,456,383

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 2,241,965 1,862,027

All loans in relation to investment properties are secured with fixed charges against the relevant properties.

Nest Property (Nw) Ltd (Registered number: 09634620)

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

12. RESERVES
Fair
value
reserve
£   
At 1 July 2023 766,627
Transfer to fair value reserve 46,006

At 30 June 2024 812,633

13. OTHER FINANCIAL COMMITMENTS

At the reporting date the company had non-cancellable operating lease commitments amounting to £7,760.