IRIS Accounts Production v25.1.3.33 13364468 Board of Directors 1.9.23 31.8.24 31.8.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133644682023-08-31133644682024-08-31133644682023-09-012024-08-31133644682022-08-31133644682022-09-012023-08-31133644682023-08-3113364468ns15:EnglandWales2023-09-012024-08-3113364468ns14:PoundSterling2023-09-012024-08-3113364468ns10:Director12023-09-012024-08-3113364468ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3113364468ns10:SmallEntities2023-09-012024-08-3113364468ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3113364468ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3113364468ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3113364468ns10:FullAccounts2023-09-012024-08-3113364468ns10:OrdinaryShareClass12023-09-012024-08-3113364468ns10:Director22023-09-012024-08-3113364468ns10:RegisteredOffice2023-09-012024-08-3113364468ns5:CurrentFinancialInstruments2024-08-3113364468ns5:CurrentFinancialInstruments2023-08-3113364468ns5:Non-currentFinancialInstruments2024-08-3113364468ns5:Non-currentFinancialInstruments2023-08-3113364468ns5:ShareCapital2024-08-3113364468ns5:ShareCapital2023-08-3113364468ns5:RetainedEarningsAccumulatedLosses2024-08-3113364468ns5:RetainedEarningsAccumulatedLosses2023-08-3113364468ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3113364468ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3113364468ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3113364468ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3113364468ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3113364468ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3113364468ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3113364468ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3113364468ns5:Secured2024-08-3113364468ns5:Secured2023-08-3113364468ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 13364468 (England and Wales)















NCF Properties Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






NCF Properties Limited (Registered number: 13364468)






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


NCF Properties Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr R W Price
Mrs D Price





REGISTERED OFFICE: Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL





REGISTERED NUMBER: 13364468 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

NCF Properties Limited (Registered number: 13364468)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,687,506 1,687,506

CURRENT ASSETS
Debtors 5 2,666 296
Cash at bank 3,171 4,429
5,837 4,725
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

1,249,398

1,254,901
NET CURRENT LIABILITIES (1,243,561 ) (1,250,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,945

437,330

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(389,485

)

(378,515

)

PROVISIONS FOR LIABILITIES (64,185 ) (65,186 )
NET LIABILITIES (9,725 ) (6,371 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (9,825 ) (6,471 )
SHAREHOLDERS' FUNDS (9,725 ) (6,371 )

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.

NCF Properties Limited (Registered number: 13364468)

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mr R W Price - Director


NCF Properties Limited (Registered number: 13364468)

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

1. STATUTORY INFORMATION

NCF Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 Profit and Loss, 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.

NCF Properties Limited (Registered number: 13364468)

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

2. ACCOUNTING POLICIES - continued

Going concern
Notwithstanding the negative net assets on the balance sheet at the year end, the directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months, and thus conclude that the going concern basis remains appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,687,506
NET BOOK VALUE
At 31 August 2024 1,687,506
At 31 August 2023 1,687,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,666 296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,390 12,412
Amounts owed to group undertakings 1,228,910 1,227,967
Tax - 6,841
Directors' current accounts 3,745 3,745
Accruals and deferred income 4,353 3,936
1,249,398 1,254,901

NCF Properties Limited (Registered number: 13364468)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,390 12,412
Bank loans - 2-5 years 37,170 37,235
Bank loans more 5 yr by instal 339,925 328,868
389,485 378,515

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 339,925 328,868

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 401,875 390,927

There is a fixed and floating charge over the assets of the company in respect of the mortgage at the balance sheet date totalling £401,875 (2023: £390,927).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

100 Ordinary shares were issued at incorporation. These shares rank pari passu.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to a director totalling £nil (2023: £nil) and received payments totalling £nil (2023: £nil). At the balance sheet date the company owed the director £3,745 (2023: £3,745). This loan is interest free, unsecured and repayable on demand.

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its parent company £1,228,910 (2023: £1,227,967). This balance is unsecured, interest free and repayable on demand.