Registered number
12877871
NARRD LIMITED
Filleted Accounts
30 September 2024
NARRD LIMITED
Registered number: 12877871
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,808 32,260
Investments 4 507,337 507,337
533,145 539,597
Current assets
Work in progress 969,160 922,647
Debtors 5 6,877 7,537
Cash at bank and in hand 1,592 50
977,629 930,234
Creditors: amounts falling due within one year 6 (722,772) (550,227)
Net current assets 254,857 380,007
Total assets less current liabilities 788,002 919,604
Creditors: amounts falling due after more than one year 7 (840,731) (963,186)
Net liabilities (52,729) (43,582)
Capital and reserves
Called up share capital 1 1
Profit and loss account (52,730) (43,583)
Shareholder's funds (52,729) (43,582)
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 member has 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.
…..............................
Mr Rishil Dhruva
Director
Approved by the board on 19 June 2025
NARRD LIMITED
Notes to the Accounts
for the year ended 30 September 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).
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 land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Investment properties
Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock represents property acquired for development together with work in progress on the property. These assets are included at the lower of cost and net realisable value. Costs for this purpose comprises the purchase cost of the land and building and development expenditure.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2023 40,325
At 30 September 2024 40,325
Depreciation
At 1 October 2023 8,065
Charge for the year 6,452
At 30 September 2024 14,517
Net book value
At 30 September 2024 25,808
At 30 September 2023 32,260
4 Investments
Investments in
subsidiary Investment
undertakings properties Total
£ £ £
Cost
At 1 October 2023 2 507,335 507,337
At 30 September 2024 2 507,335 507,337
5 Debtors 2024 2023
£ £
Other debtors 6,877 7,537
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 131,803 94,972
Other creditors 590,969 455,255
722,772 550,227
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 840,731 963,186
8 Loans 2024 2023
£ £
Creditors include:
Secured loans 840,731 963,186
Bank loans are secured by legal charges over the company's land and building acquired for development and investment properties.
9 Related party transactions
Included in other creditors is an amount owed to director of £269,203 (2023: £150,849). The outstanding balance is interest free and payable on demand.
10 Going concern
As at the balance sheet date the company's liabilities exceeded total assets. The director, however, considers that the company has sufficient liquid assets to meet its liabilities as and when they fall due, and that the company has sufficient support from its creditors. The director has confirmed to continue his support and will not demand repayment of his loan until the company is in position to do so. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.
11 Other information
NARRD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
67 Byewaters
Croxley Green
Watford
Hertfordshire
WD18 8WH
NARRD LIMITED 12877871 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Mr Rishil Dhruva No description of principal activity 12877871 2022-10-01 2023-09-30 12877871 core:WithinOneYear 2023-09-30 12877871 core:AfterOneYear 2023-09-30 12877871 core:ShareCapital 2023-09-30 12877871 core:RetainedEarningsAccumulatedLosses 2023-09-30 12877871 2023-10-01 2024-09-30 12877871 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12877871 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12877871 bus:Director40 2023-10-01 2024-09-30 12877871 1 2023-10-01 2024-09-30 12877871 2 2023-10-01 2024-09-30 12877871 core:Vehicles 2023-10-01 2024-09-30 12877871 countries:England 2023-10-01 2024-09-30 12877871 bus:FRS102 2023-10-01 2024-09-30 12877871 bus:FilletedAccounts 2023-10-01 2024-09-30 12877871 2024-09-30 12877871 core:WithinOneYear 2024-09-30 12877871 core:AfterOneYear 2024-09-30 12877871 core:ShareCapital 2024-09-30 12877871 core:RetainedEarningsAccumulatedLosses 2024-09-30 12877871 core:Vehicles 2024-09-30 12877871 2023-09-30 12877871 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure