Registered number
08991191
NE-YORK PROPERTIES LIMITED
Filleted Accounts
30 April 2024
NE-YORK PROPERTIES LIMITED
Registered number: 08991191
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,076,783 1,077,327
Current assets
Debtors 4 44,840 31,832
Cash at bank and in hand 253,921 313,804
298,761 345,636
Creditors: amounts falling due within one year 5 (253,829) (215,387)
Net current assets 44,932 130,249
Total assets less current liabilities 1,121,715 1,207,576
Creditors: amounts falling due after more than one year 6 (518,585) (600,618)
Provisions for liabilities (101,523) (101,523)
Net assets 501,607 505,435
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 9 432,807 432,807
Profit and loss account 67,800 71,628
Shareholders' funds 501,607 505,435
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Kullar
Director
Approved by the board on 30 May 2025
NE-YORK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amount received for rent charged during the year, excluding of VAT.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold investment properties,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, and equipment 10% per annum on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction cost.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property Fixtures, fittings & equipment Total
£ £ £
Cost
At 1 May 2023 1,075,000 5,440 1,080,440
At 30 April 2024 1,075,000 5,440 1,080,440
Depreciation
At 1 May 2023 - 3,113 3,113
Charge for the year - 544 544
At 30 April 2024 - 3,657 3,657
Net book value
At 30 April 2024 1,075,000 1,783 1,076,783
At 30 April 2023 1,075,000 2,327 1,077,327
4 Debtors 2024 2023
£ £
Trade debtors 44,840 31,832
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans (secured) 11,504 8,447
Trade creditors 226,539 191,154
Accruals 3,685 3,685
Corporation tax 12,101 12,101
253,829 215,387
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (secured) 374,984 389,546
Other creditors 143,601 211,072
518,585 600,618
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 328,967 355,759
Secured bank loans 386,488 397,992
The bank loan is secured by charge over the freehold investment property owned by the company.
8 Provision for liabilities Deferred Taxation 2024 2023
£ £
At 1 May 2023 and at 30 April 2024 101,523 101,523
9 Revaluation reserve 2024 2023
£ £
At 1 May 2023 and at 30 April 2024 432,807 432,807
10 Other information
NE-YORK PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
128A Evington Road
Leicester
LE2 1HL
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