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NEXT GENERATION PROPERTY INVESTMENTS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEXT GENERATION PROPERTY INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D R Brown
L K Goddard





REGISTERED OFFICE: 25 Butterley Hill
Ripley
Derbyshire
DE5 3LT





REGISTERED NUMBER: 05899239 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,694 27,682
Investments 5 - 95,161
Investment property 6 2,927,000 1,971,095
2,930,694 2,093,938

CURRENT ASSETS
Stocks - 5,000
Debtors 7 362,988 649,360
Investments 8 18,624 13,000
Cash at bank and in hand 63,160 174,297
444,772 841,657
CREDITORS
Amounts falling due within one year 9 712,956 1,127,170
NET CURRENT LIABILITIES (268,184 ) (285,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,662,510 1,808,425

CREDITORS
Amounts falling due after more than one year 10 (15,832 ) (25,833 )

PROVISIONS FOR LIABILITIES 11 (154,400 ) (98,300 )
NET ASSETS 2,492,278 1,684,292

NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

BALANCE SHEET - continued
31 AUGUST 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 4 4
Fair value reserve 13 477,849 294,495
Retained earnings 2,014,425 1,389,793
SHAREHOLDERS' FUNDS 2,492,278 1,684,292

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

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

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 Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





D R Brown - Director


NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Next Generation Property Investments 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Maintenance contracts
Income from maintenance contracts is spread over the term of the contract and a provision is included in the accounts for future income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 21,957 57,568 79,525
Disposals - (34,671 ) (34,671 )
At 31 August 2024 21,957 22,897 44,854
DEPRECIATION
At 1 September 2023 21,518 30,325 51,843
Charge for year 112 4,677 4,789
Eliminated on disposal - (15,472 ) (15,472 )
At 31 August 2024 21,630 19,530 41,160
NET BOOK VALUE
At 31 August 2024 327 3,367 3,694
At 31 August 2023 439 27,243 27,682

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023 95,161
Disposals (95,161 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 95,161

NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,971,095
Additions 710,551
Revaluations 245,354
At 31 August 2024 2,927,000
NET BOOK VALUE
At 31 August 2024 2,927,000
At 31 August 2023 1,971,095

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 301,836
Valuation in 2022 67,356
Valuation in 2024 245,354
Cost 2,312,454
2,927,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 470 165,674
Amounts owed by group undertakings 266,667 -
Other debtors 95,851 483,686
362,988 649,360

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Bullion 18,624 13,000

NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 172 10,299
Amounts owed to group undertakings 534,048 -
Taxation and social security 83,260 154,527
Other creditors 85,476 952,344
712,956 1,127,170

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,832 25,833

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 154,400 98,300

Deferred
tax
£   
Balance at 1 September 2023 98,300
Provided during year 56,100
Balance at 31 August 2024 154,400

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1.00 4 4

NEXT GENERATION PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 05899239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


13. RESERVES
Fair
value
reserve
£   
At 1 September 2023 294,495
Revaluation in the year 183,354

At 31 August 2024 477,849

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
D R Brown
Balance outstanding at start of year 187,049 183,272
Amounts advanced 812 3,777
Amounts repaid (187,270 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 591 187,049

Interest has been charged on loans to the directors at HMRC approved rates. The amount charged during the year was £222

15. DIRECTOR DISQUALIFICATION

D R Brown, a director of the company was subject to a disqualification order but notwithstanding the disqualification undertaking given by the Claimant and accepted on behalf of the Secretary of State for Business, Energy and Industrial Strategy on 30 March 2020, the Claimant does have permission to be and remain a director of Ideal Alarms Limited.