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Company Registration No. 13160506 (England and Wales)
Nagra Homes Limited Unaudited accounts for the year ended 30 September 2024
Nagra Homes Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nagra Homes Limited Company Information for the year ended 30 September 2024
Directors
Jaskaranjeet Nagra Damanjeet Nagra
Company Number
13160506 (England and Wales)
Registered Office
11 LOFTUS LANE NEWPORT NP19 0PJ WALES
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Nagra Homes Limited Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
449,618
262,041
Current assets
Cash at bank and in hand
7,469
8,819
Creditors: amounts falling due within one year
5
(250,623)
(66,048)
Net current liabilities
(243,154)
(57,229)
Total assets less current liabilities
206,464
204,812
Creditors: amounts falling due after more than one year
6
(183,600)
(183,600)
Net assets
22,864
21,212
Capital and reserves
Called up share capital
2
2
Profit and loss account
22,862
21,210
Shareholders' funds
22,864
21,212
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by
Jaskaranjeet Nagra Director Company Registration No. 13160506
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Nagra Homes Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Nagra Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 13160506. The registered office is 11 LOFTUS LANE, NEWPORT, NP19 0PJ, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024
£
Fair value at 1 October 2023
262,041
Additions
187,577
At 30 September 2024
449,618
At the year end, the directors consider the market value of the investment properties to be £395,000.
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
114,053
-
Taxes and social security
447
4,975
Loans from directors
135,598
60,598
Accruals
525
475
250,623
66,048
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
183,600
183,600
7
Transactions with related parties
At the year end, the Company owed the director, Mr Jaskarenjeet Nagra, £135,598. This loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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