Nazif Properties Ltd

Nazif Properties Ltd
Contents Page
For the year ended 30 June 2024

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

Nazif Properties Ltd Accountants' Report For the year ended 30 June 2024
Accountants report You consider that the company is exempt from an audit for the year ended 30 June 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... Akhter's Limited Accountants and Business Advisors 64 Castle Boulevard Nottingham NG7 1FN 20 June 2025 1

Nazif Properties Ltd
Accountants' Report
For the year ended 30 June 2024

Accountants report You consider that the company is exempt from an audit for the year ended 30 June 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................

Akhter's Limited Accountants and Business Advisors
64 Castle Boulevard
Nottingham
NG7 1FN
20 June 2025

1

Nazif Properties Ltd
Balance Sheet
As at 30 June 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	1,272,624	880,709
		1,272,624	880,709
Current assets
Cash at bank and in hand		3,505	5,767
Creditors: amount falling due within one year		(12,952)	(7,661)
Net current assets		(9,447)	(1,894)

Total assets less current liabilities		1,263,177	878,815
Creditors: amount falling due after more than one year		(1,181,536)	(818,460)
Net assets		81,641	60,355

Capital and reserves
Called up share capital	4	100	100
Reserves	5	345,580	345,580
Profit and loss account		(264,039)	(285,325)
Shareholders' funds		81,641	60,355

For the year ended 30 June 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 20 June 2025 and were signed by:

-------------------------------
Mr Dritan Skenderaj
Director

2

Nazif Properties Ltd
Notes to the Abridged Financial Statements
For the year ended 30 June 2024

General Information

Nazif Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10233189, registration address 64 Castle Boulevard, Nottingham, NG7 1FN.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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)

Rents Received

Rent received comprises the value of rent agreed with the tenants on accrual basis.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

2% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the year was 2 (2023 : 1).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Investment properties	Total
	£	£	£
At 01 July 2023	366,094	169,035	535,129
Additions	-	391,915	391,915
Disposals	-	-	-
Revaluations	345,580	-	345,580
At 30 June 2024	711,674	560,950	1,272,624
Depreciation
At 01 July 2023	-	-	-
Charge for year	-	-	-
On disposals	-	-	-
At 30 June 2024	-	-	-
Net book values
Closing balance as at 30 June 2024	711,674	560,950	1,272,624
Opening balance as at 01 July 2023	711,674	169,035	880,709

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Ordinary shares of £1.00 each	100		100
	100		100

5.

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2024 £	2023 £	2024 £	2023 £
Nazif Developments Ltd	0	100,000	(80,000)	(80,000)
Nazif & Son Holdings Limited	(368,000)	(100,000)	(674,000)	(306,000)

The directors and shareholders are also directors and shareholders of Nazif Developments Ltd. At the balance sheet date, the company owed an interest free loan to Nazif Developments Ltd, included within creditors due after more than one year.
The directors and shareholders are also directors and shareholders of Nazif & Son Holdings Limited. At the balance sheet date, the company owed an interest free loan to Nazif & Son Holdings Limited, included within creditors due after more than one year.

3

Registered Number: 10233189
England and Wales
NAZIF PROPERTIES LTD

Abridged Accounts

Period of accounts Start date: 01 July 2023 End date: 30 June 2024