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Registration number: 13428927

NDU Property Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

NDU Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

NDU Property Ltd

Company Information

Director

Dr Manyando Milupi

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

NDU Property Ltd

(Registration number: 13428927)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Investment property

4

355,000

Current assets

 

Debtors

5

2,401

Cash at bank and in hand

 

12,441

 

14,842

Total assets less current liabilities

 

369,842

Creditors: Amounts falling due after more than one year

6

(309,606)

Provisions for liabilities

(20,428)

Net assets

 

39,808

Capital and reserves

 

Called up share capital

100

Revaluation reserve

87,087

Retained earnings

(47,379)

Shareholders' funds

 

39,808

For the financial year ending 31 May 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2025
 

.........................................
Dr Manyando Milupi
Director

 

NDU Property Ltd

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

1

General information

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

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 15 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.

Investment property

The fair value of the property at the year end has been arrived at on the basis of a valuation carried out at that
date by a professionally qualified valuer.

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.

 

NDU Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0.

4

Investment properties

2024
£

Additions

247,485

Fair value adjustments

107,515

At 31 May

355,000

The fair value of the property at the year end has been arrived at on the basis of a valuation carried out at that
date by a professionally qualified valuer.

5

Debtors

Current

2024
£

Prepayments

1,526

Other debtors

875

 

2,401

6

Creditors

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

309,606

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

 

NDU Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Reserves (continued)

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

87,087

87,087

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

309,606