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REGISTERED NUMBER: 12306123 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2024

for

NBB Lettings Ltd

NBB Lettings Ltd (Registered number: 12306123)






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


NBB Lettings Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: N A Brown
Mrs B A Brown





REGISTERED OFFICE: Cliffe Hill House
22 - 26 Nottingham Road
Stapleford
Nottingham
Nottinghamshire
NG9 8AA





REGISTERED NUMBER: 12306123 (England and Wales)





ACCOUNTANTS: TC Group
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

NBB Lettings Ltd (Registered number: 12306123)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 233 292
Investment property 5 308,000 308,000
308,233 308,292

CURRENT ASSETS
Debtors 6 1,183 1,343
Cash at bank 3,301 2,290
4,484 3,633
CREDITORS
Amounts falling due within one year 7 250,714 256,284
NET CURRENT LIABILITIES (246,230 ) (252,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,003

55,641

PROVISIONS FOR LIABILITIES 10,238 10,238
NET ASSETS 51,765 45,403

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 51,763 45,401
SHAREHOLDERS' FUNDS 51,765 45,403

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 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.

NBB Lettings Ltd (Registered number: 12306123)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





N A Brown - Director


NBB Lettings Ltd (Registered number: 12306123)

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

1. STATUTORY INFORMATION

NBB Lettings 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment properties are shown at their open market value. Any surplus or deficit arising from the annual revaluation is transferred to the Statement of Comprehensive Income.

This is in accordance with FRS 102 1A which, unlike Part 15 to the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 ) .

NBB Lettings Ltd (Registered number: 12306123)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 570
DEPRECIATION
At 1 December 2023 278
Charge for year 59
At 30 November 2024 337
NET BOOK VALUE
At 30 November 2024 233
At 30 November 2023 292

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 308,000
NET BOOK VALUE
At 30 November 2024 308,000
At 30 November 2023 308,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2023 308,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 1,183 1,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 1,513 336
Other creditors 249,201 255,948
250,714 256,284

NBB Lettings Ltd (Registered number: 12306123)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
2 Ordinary £1 2 2