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REGISTERED NUMBER: 11425189 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

NBC Mayfield Homes Limited

NBC Mayfield Homes Limited (Registered number: 11425189)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NBC Mayfield Homes Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Ms C A Bauer
Ms N E Pope





REGISTERED OFFICE: 7 Zetland Road
Chorlton
Manchester
M21 8TJ





REGISTERED NUMBER: 11425189 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

NBC Mayfield Homes Limited (Registered number: 11425189)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 3 975,000 975,000

CURRENT ASSETS
Debtors 4 29,471 11,305
Cash at bank and in hand 15,970 26,785
45,441 38,090
CREDITORS
Amounts falling due within one year 5 (57,215 ) (57,206 )
NET CURRENT LIABILITIES (11,774 ) (19,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 963,226 955,884

CREDITORS
Amounts falling due after more than one
year

6

(535,243

)

(540,330

)
NET ASSETS 427,983 415,554

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 427,982 415,553
427,983 415,554

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

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

NBC Mayfield Homes Limited (Registered number: 11425189)

Balance Sheet - continued
31st March 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 Board of Directors and authorised for issue on 15th April 2025 and were signed on its behalf by:





Ms N E Pope - Director


NBC Mayfield Homes Limited (Registered number: 11425189)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. 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.

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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 975,000
NET BOOK VALUE
At 31st March 2024 975,000
At 31st March 2023 975,000

NBC Mayfield Homes Limited (Registered number: 11425189)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2020 2,823
Valuation in 2021 (136,000 )
Valuation in 2022 76,000
Cost 1,032,177
975,000

The directors see no benefit in revaluing the properties.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,626 460
Deferred tax asset 10,845 10,845
29,471 11,305

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,000
Tax 3,752 -
Other creditors 3,446 3,903
Directors' loan accounts 49,477 50,763
Accrued expenses 540 540
57,215 57,206

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounceback loan > 1yr - 5,167
Mortgages 535,243 535,163
535,243 540,330

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 535,243 535,163