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REGISTERED NUMBER: 11524042 (England and Wales)















NEXT STOP PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






NEXT STOP PROPERTIES LIMITED (REGISTERED NUMBER: 11524042)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NEXT STOP PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr Gulshan Singh
Mrs Jeswir Lall





REGISTERED OFFICE: 4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE





BUSINESS ADDRESS: 5 Strutt Close
Birmingham
B15 3PW





REGISTERED NUMBER: 11524042 (England and Wales)





ACCOUNTANTS: Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE

NEXT STOP PROPERTIES LIMITED (REGISTERED NUMBER: 11524042)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 712,033 530,000

CURRENT ASSETS
Cash at bank 2,255 35,623

CREDITORS
Amounts falling due within one year 5 337,032 192,690
NET CURRENT LIABILITIES (334,777 ) (157,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,256

372,933

CREDITORS
Amounts falling due after more than one year 6 (281,986 ) (252,654 )

PROVISIONS FOR LIABILITIES (15,708 ) (15,708 )
NET ASSETS 79,562 104,571

CAPITAL AND RESERVES
Called up share capital 6 6
Fair value reserve 7 66,968 66,968
Retained earnings 12,588 37,597
SHAREHOLDERS' FUNDS 79,562 104,571

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.

NEXT STOP PROPERTIES LIMITED (REGISTERED NUMBER: 11524042)

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 Income Statement 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 Gulshan Singh - Director


NEXT STOP PROPERTIES LIMITED (REGISTERED NUMBER: 11524042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Next Stop 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.

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 as modified by the revaluation of certain assets.

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

NEXT STOP PROPERTIES LIMITED (REGISTERED NUMBER: 11524042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 530,000
Additions 182,033
At 31 August 2024 712,033
NET BOOK VALUE
At 31 August 2024 712,033
At 31 August 2023 530,000

The properties were valued by an officer of the company. In the director's opinion the value of the properties were £712,033 in total.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2019 2,963
Valuation in 2023 79,713
Cost 629,357
712,033

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 8,736
Other creditors 337,032 183,954
337,032 192,690

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 281,986 252,654

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 281,986 252,654

NEXT STOP PROPERTIES LIMITED (REGISTERED NUMBER: 11524042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 66,968