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Company Registration No. 12824535 (England and Wales)
Nichols Property Management Limited Unaudited accounts for the year ended 31 August 2024
Nichols Property Management Limited Unaudited accounts Contents
Page
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Nichols Property Management Limited Company Information for the year ended 31 August 2024
Directors
C Nichols M Nichols
Company Number
12824535 (England and Wales)
Registered Office
33 High Street Brighouse West Yorkshire HD6 1DE
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Nichols Property Management Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
110,180 
110,180 
Current assets
Cash at bank and in hand
19,919 
16,216 
Creditors: amounts falling due within one year
(56,758)
(56,571)
Net current liabilities
(36,839)
(40,355)
Total assets less current liabilities
73,341 
69,825 
Creditors: amounts falling due after more than one year
(72,245)
(72,245)
Net assets/(liabilities)
1,096 
(2,420)
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
796 
(2,720)
Shareholders' funds
1,096 
(2,420)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by
C Nichols Director Company Registration No. 12824535
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Nichols Property Management Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Nichols Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 12824535. The registered office is 33 High Street, Brighouse, West Yorkshire, HD6 1DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
110,180 
At 31 August 2024
110,180 
The investment property relates to 3 Well Close Street, Brighouse, West Yorkshire HD6 1DD and is included at cost
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
187 
- 
Other creditors
10,451 
10,451 
Loans from directors
45,430 
45,430 
Accruals
690 
690 
56,758 
56,571 
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Nichols Property Management Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
72,245 
72,245 
The loan of £72,245 relates to a mortgage over the investment property at 3 Well Close Street, Brighouse, West Yorkshire HD6 1DD and is secured by a charge over this property The loan of £72,245 is repayable in full in November 2040
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300 
300 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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