Company Registration No. 15250077 (England and Wales)
N & N Property East Anglia Limited
Unaudited accounts
for the period from 31 October 2023 to 31 October 2024
N & N Property East Anglia Limited
Unaudited accounts
Contents
N & N Property East Anglia Limited
Company Information
for the period from 31 October 2023 to 31 October 2024
Directors
Nikkita Gostling
Nathan Gostling
Company Number
15250077 (England and Wales)
Registered Office
12 Norwich Street
Dereham
Norfolk
NR19 1BX
England
Accountants
Arithmo Accountancy Ltd
Meadow Barn
Low Road
North Tuddenham, Dereham
NORFOLK
NR20 3AB
N & N Property East Anglia Limited
Statement of financial position
as at 31 October 2024
Investment property
83,941
Cash at bank and in hand
8,448
Creditors: amounts falling due within one year
(77,074)
Net current liabilities
(67,904)
Total assets less current liabilities
28,967
Provisions for liabilities
Called up share capital
100
Profit and loss account
26,017
Shareholders' funds
26,117
For the period ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 28 July 2025 and were signed on its behalf by
Nathan Gostling
Director
Company Registration No. 15250077
N & N Property East Anglia Limited
Notes to the Accounts
for the period from 31 October 2023 to 31 October 2024
N & N Property East Anglia Limited is a private company, limited by shares, registered in England and Wales, registration number 15250077. The registered office is 12 Norwich Street, Dereham, Norfolk, NR19 1BX, England.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in Tangible Assets
Assets purchased as an investment are classified as non-current investments and are stated at cost less any provision for impairment.
These assets are held for their long-term capital value and are not intended for resale in the normal course of business. The carrying value is reviewed annually for indicators of impairment. Where there is evidence that the asset’s value is less than its carrying amount, an impairment loss is recognised in the profit and loss account.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
N & N Property East Anglia Limited
Notes to the Accounts
for the period from 31 October 2023 to 31 October 2024
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Transactions with related parties
During the period, the company received a loan of £65,000 from a company under common control. The loan is unsecured, interest-free, and repayable on demand.
At the year-end, the balance outstanding was £65,000. No guarantees were given or received in respect of this loan.
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Average number of employees
During the period the average number of employees was 0.