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REGISTERED NUMBER: 06332287















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Nanda & Nanda Limited

Nanda & Nanda Limited (Registered number: 06332287)






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


Nanda & Nanda Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N Nanda
N Nanda





REGISTERED OFFICE: 55-56 Brindley Road,
Astmoor Industrial Estate,
Runcorn
WA7 1PF





REGISTERED NUMBER: 06332287





ACCOUNTANTS: Euro Ashfords (UK) Ltd
2nd Floor,
39 Ludgate hill
London
EC4M 7JN

Nanda & Nanda Limited (Registered number: 06332287)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,795 27,025
Investment property 5 550,000 550,000
570,795 577,025

CURRENT ASSETS
Stocks 654,522 611,914
Debtors 6 50,339 45,976
Cash at bank 785,065 450,765
1,489,926 1,108,655
CREDITORS
Amounts falling due within one year 7 763,182 307,546
NET CURRENT ASSETS 726,744 801,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,297,539

1,378,134

CREDITORS
Amounts falling due after more than one
year

8

43,750

43,750
NET ASSETS 1,253,789 1,334,384

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 424,500 424,500
Retained earnings 828,289 908,884
SHAREHOLDERS' FUNDS 1,253,789 1,334,384

Nanda & Nanda Limited (Registered number: 06332287)

Balance Sheet - continued
31 August 2024


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.

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 30 May 2025 and were signed on its behalf by:




N Nanda - Director



N Nanda - Director


Nanda & Nanda Limited (Registered number: 06332287)

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

1. STATUTORY INFORMATION

Nanda & Nanda Limited is a private company, limited by shares , registered in Not specified/Other. 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, including rebates but excluding discounts, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Plant and machinery - 25% Reducing balance method
Computer equipment - 3 years Straight line method
Fixtures and fittings - 25% Reducing balance method

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise.

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.

No depreciation is provided on investment properties as a result of FRS 102 section 16, this represents a
departure from the requirements of the Companies Act. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure consumption and to depreciate them would not give a true and fair view.

However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separated or quantified.

If an owner-occupied property becomes an investment property, an entity shall apply FRS102 Section 17 up to the date of change in use. The entity shall treat any difference at that date between the carrying amount of the property in accordance with Section 17 and its fair value in the same way as a revaluation in accordance with FRS 102 Section 17.

The decrease of an asset’s carrying amount as a result of a revaluation shall be recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity, in respect of that asset. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Nanda & Nanda Limited (Registered number: 06332287)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 September 2023 168,489
Additions 909
At 31 August 2024 169,398
DEPRECIATION
At 1 September 2023 141,464
Charge for year 7,139
At 31 August 2024 148,603
NET BOOK VALUE
At 31 August 2024 20,795
At 31 August 2023 27,025


Nanda & Nanda Limited (Registered number: 06332287)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 550,000
NET BOOK VALUE
At 31 August 2024 550,000
At 31 August 2023 550,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 550,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 125,500 125,000

Investment property was valued on an open market basis on 31 August 2024 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,295 12,280
Amounts owed by participating interests 15,147 15,147
Other debtors 30,897 18,549
50,339 45,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 651,993 244,986
Taxation and social security 55,355 45,282
Other creditors 55,834 17,278
763,182 307,546

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 43,750 43,750

Nanda & Nanda Limited (Registered number: 06332287)

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

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 424,500

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
N Nanda
Balance outstanding at start of year (1,174 ) 528
Amounts advanced 120,000 -
Amounts repaid (120,118 ) (1,702 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,292 ) (1,174 )

N Nanda
Balance outstanding at start of year (1,092 ) -
Amounts advanced 120,000 -
Amounts repaid (120,021 ) (1,092 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,113 ) (1,092 )

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £240,000 were paid to the directors .

At the balance sheet date, the company was owed £15,147 (2023: £17,052) by Nanbro Ltd, a related party.
Mr. Nikhil Nanda and Mr. Niraj Nanda, directors of the company, are also directors and equal shareholders (50% each) of Nanbro Ltd.

12. ULTIMATE CONTROLLING PARTY

No Single party has overall control in the company.

At the balance sheet date, Mr Niraj Nanda & Mr Nikhil Nanda who both are the directors, hold 500 shares each of the company.