Nissen Estates Limited 06671813 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Real estate agencies Digita Accounts Production Advanced 6.30.9574.0 true true 06671813 2023-09-01 2024-08-31 06671813 2024-08-31 06671813 core:RetainedEarningsAccumulatedLosses 2024-08-31 06671813 core:ShareCapital 2024-08-31 06671813 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06671813 core:BetweenTwoFiveYears 2024-08-31 06671813 core:WithinOneYear 2024-08-31 06671813 core:FurnitureFittingsToolsEquipment 2024-08-31 06671813 bus:SmallEntities 2023-09-01 2024-08-31 06671813 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06671813 bus:FilletedAccounts 2023-09-01 2024-08-31 06671813 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06671813 bus:RegisteredOffice 2023-09-01 2024-08-31 06671813 bus:Director1 2023-09-01 2024-08-31 06671813 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06671813 core:ComputerEquipment 2023-09-01 2024-08-31 06671813 core:FurnitureFittings 2023-09-01 2024-08-31 06671813 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 06671813 countries:AllCountries 2023-09-01 2024-08-31 06671813 2023-08-31 06671813 core:FurnitureFittingsToolsEquipment 2023-08-31 06671813 2022-09-01 2023-08-31 06671813 2023-08-31 06671813 core:RetainedEarningsAccumulatedLosses 2023-08-31 06671813 core:ShareCapital 2023-08-31 06671813 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06671813 core:BetweenTwoFiveYears 2023-08-31 06671813 core:WithinOneYear 2023-08-31 06671813 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 06671813

Nissen Estates Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Nissen Estates Limited

 

(Registration number: 06671813)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,219

1,469

Current assets

 

Debtors

5

13,405

7,014

Cash at bank and in hand

 

19,616

42,521

 

33,021

49,535

Creditors: Amounts falling due within one year

6

(24,294)

(23,056)

Net current assets

 

8,727

26,479

Total assets less current liabilities

 

9,946

27,948

Provisions for liabilities

(367)

(367)

Net assets

 

9,579

27,581

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

9,479

27,481

Total equity

 

9,579

27,581

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 May 2025
 

 

Nissen Estates Limited

 

(Registration number: 06671813)
Balance Sheet as at 31 August 2024

.........................................
J Nissen
Director

 

Nissen Estates Limited

 

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
336 West End Lane
West Hampstead
London
NW6 1LN

These financial statements were authorised for issue by the director on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Nissen Estates Limited

 

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% reducing balance

IT equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Nissen Estates Limited

 

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Nissen Estates Limited

 

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

9,070

9,070

At 31 August 2024

9,070

9,070

Depreciation

At 1 September 2023

7,445

7,445

Charge for the year

406

406

At 31 August 2024

7,851

7,851

Carrying amount

At 31 August 2024

1,219

1,219

At 31 August 2023

1,469

1,469

5

Debtors

Current

2024
£

2023
£

Trade debtors

9,642

3,251

Prepayments

563

563

Other debtors

3,200

3,200

 

13,405

7,014

 

Nissen Estates Limited

 

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

220

802

Taxation and social security

20,081

18,717

Accruals and deferred income

1,200

2,000

Other creditors

2,793

1,537

24,294

23,056

7

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

8,660

8,660

Later than one year and not later than five years

7,216

15,876

15,876

24,536