Registered number
11421898
NTH Properties Ltd
Unaudited Filleted Accounts
30 June 2025
NTH Properties Ltd
Registered number: 11421898
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 - 500,000
Current assets
Debtors 5 - 523
Cash at bank and in hand - 5,077
- 5,600
Creditors: amounts falling due within one year 6 - (136,659)
Net current liabilities - (131,059)
Total assets less current liabilities - 368,941
Creditors: amounts falling due after more than one year 7 - (281,365)
Provisions for liabilities - (23,750)
Net assets - 63,826
Capital and reserves
Called up share capital 2 2
Profit and loss account (2) 63,824
Shareholders' funds - 63,826
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.
R Forsyth
Director
Approved by the board on 15 July 2025
NTH Properties Ltd
Notes to the Accounts
for the year ended 30 June 2025
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).
2 Going concern
The directors are assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the directors appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The directors have agreed to continue to provide financial support to the company to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements and therefore the accounts have been prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company - -
4 Investment property
Investment property
£
Cost
At 1 July 2024 500,000
Disposals (500,000)
At 30 June 2025 -
Depreciation
At 30 June 2025 -
Net book value
At 30 June 2025 -
At 30 June 2024 500,000
The 2024 valuations were made by the director on an open market value for existing use basis.
5 Debtors 2025 2024
£ £
Prepayments - 523
6 Creditors: amounts falling due within one year 2025 2024
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 133,277
Directors current account - 2,282
Other creditors - 1,100
- 136,659
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 281,365
8 Loans 2025 2024
£ £
Creditors include:
Secured bank loans - 281,381
The loan is for a fixed period of 25 years and interest repayments were made in the current year. The loan is secured over the company's investment property.
9 Other information
NTH Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Wolsey Avenue
Thames Ditton
KT7 0PU
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