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REGISTERED NUMBER: 13564683 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

NMVR PROPERTIES LTD

NMVR PROPERTIES LTD (REGISTERED NUMBER: 13564683)

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


NMVR PROPERTIES LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N Jobanputra
Mrs M Jobanputra





REGISTERED OFFICE: 220 Northolt Road
Harrow
Middlesex
HA2 8DS





REGISTERED NUMBER: 13564683 (England and Wales)





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

NMVR PROPERTIES LTD (REGISTERED NUMBER: 13564683)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,564 1,622
Investment property 5 925,000 925,000
926,564 926,622

CURRENT ASSETS
Debtors 6 315 191
Cash at bank 50,816 17,850
51,131 18,041
CREDITORS
Amounts falling due within one year 7 359,041 333,623
NET CURRENT LIABILITIES (307,910 ) (315,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

618,654

611,040

CREDITORS
Amounts falling due after more than one
year

8

586,990

586,990
NET ASSETS 31,664 24,050

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 49,001 49,001
Retained earnings 11 (17,437 ) (25,051 )
SHAREHOLDERS' FUNDS 31,664 24,050

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.

NMVR PROPERTIES LTD (REGISTERED NUMBER: 13564683)

Balance Sheet - continued
31 August 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 1 May 2025 and were signed on its behalf by:





N Jobanputra - Director


NMVR PROPERTIES LTD (REGISTERED NUMBER: 13564683)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

NMVR PROPERTIES 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.

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

Investment property
Investment property was valued on market value basis on 31 August 2022 by the director. 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.

3. EMPLOYEES AND DIRECTORS

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

NMVR PROPERTIES LTD (REGISTERED NUMBER: 13564683)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023 1,845
Additions 439
At 31 August 2024 2,284
DEPRECIATION
At 1 September 2023 223
Charge for year 497
At 31 August 2024 720
NET BOOK VALUE
At 31 August 2024 1,564
At 31 August 2023 1,622

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 925,000
NET BOOK VALUE
At 31 August 2024 925,000
At 31 August 2023 925,000

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 27,915
Valuation in 2023 21,086
Cost 875,999
925,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Prepayments and accrued income 315 191

NMVR PROPERTIES LTD (REGISTERED NUMBER: 13564683)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 303 652
Other creditors 36,246 33,396
Directors' current accounts 321,098 297,840
Accrued expenses 1,394 1,735
359,041 333,623

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans more 5 yr by instal 586,990 586,990

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 586,990 586,990

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
The Mortgage Works - A/C 19042 294,495 294,495
The Mortgage Works - 27 West L 292,495 292,495
586,990 586,990

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 (25,051 ) 49,001 23,950
Profit for the year 7,614 7,614
At 31 August 2024 (17,437 ) 49,001 31,564