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
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
Nichols Property Management Limited
Statement of financial position
as at 31 August 2024
Investment property
110,180
110,180
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)
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
Nichols Property Management Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 September 2023
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
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
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
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).