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Company Registration No. 12746434 (England and Wales)
NHA PROPERTIES LTD Unaudited accounts for the year ended 31 July 2024
NHA PROPERTIES LTD Unaudited accounts Contents
Page
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NHA PROPERTIES LTD Company Information for the year ended 31 July 2024
Directors
Aliks GALSTJANS Hamaspyur GALSTYAN
Company Number
12746434 (England and Wales)
Registered Office
71 THIRSK PLACE DERBY DE24 8JJ UNITED KINGDOM
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NHA PROPERTIES LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,138 
2,339 
Investment property
1,532,687 
1,532,687 
1,554,825 
1,535,026 
Current assets
Debtors
59,564 
10,500 
Cash at bank and in hand
763 
3,465 
60,327 
13,965 
Creditors: amounts falling due within one year
(321,089)
(681,758)
Net current liabilities
(260,762)
(667,793)
Total assets less current liabilities
1,294,063 
867,233 
Creditors: amounts falling due after more than one year
(1,405,758)
(896,027)
Provisions for liabilities
Deferred tax
- 
(445)
Net liabilities
(111,695)
(29,239)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(111,696)
(29,240)
Shareholders' funds
(111,695)
(29,239)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
Aliks GALSTJANS Director Company Registration No. 12746434
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NHA PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
NHA PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12746434. The registered office is 71 THIRSK PLACE, DERBY, DE24 8JJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have assessed the statement of financial position and likely future cash flows at the date or approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, They continue to adopt the going concern basis in preparing 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Investment property
The directors have assessed the fair value of the investment property based on rental income capitalisation method, as at the reporting date. The estimated fair value is considered not materially different from the carrying value. A market yield of 7% was applied based on comparable property data.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Current Tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
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NHA PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
4,159 
Additions
24,738 
At 31 July 2024
28,897 
Depreciation
At 1 August 2023
1,820 
Charge for the year
4,939 
At 31 July 2024
6,759 
Net book value
At 31 July 2024
22,138 
At 31 July 2023
2,339 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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