Company registration number 11832174 (England and Wales)
N AND A PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
N AND A PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
N AND A PROPERTY LIMITED (REGISTERED NUMBER: 11832174)
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,007
-
0
Investment property
4
337,928
250,000
339,935
250,000
Current assets
Debtors
5
469
-
0
Cash at bank and in hand
3,827
16,498
4,296
16,498
Creditors: amounts falling due within one year
6
(348,675)
(239,946)
Net current liabilities
(344,379)
(223,448)
Total assets less current liabilities
(4,444)
26,552
Creditors: amounts falling due after more than one year
7
(16,572)
(28,800)
Net liabilities
(21,016)
(2,248)
Capital and reserves
Called up share capital
2
2
Non-distributable profits reserve
8
-
0
8,695
Distributable profit and loss reserves
(21,018)
(10,945)
Total equity
(21,016)
(2,248)
N AND A PROPERTY LIMITED (REGISTERED NUMBER: 11832174)
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 July 2025 and are signed on its behalf by:
Mr A  Szebeni
Mr N Jones
Director
Director
N AND A PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

N And A Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover represents rental income received during the period which relates to the current accounting period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

N AND A PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
1
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 March 2024
-
0
Additions
2,350
At 28 February 2025
2,350
Depreciation and impairment
At 1 March 2024
-
0
Depreciation charged in the year
343
At 28 February 2025
343
Carrying amount
At 28 February 2025
2,007
At 29 February 2024
-
0
4
Investment property
2025
£
Fair value
At 1 March 2024
250,000
Additions
96,623
Revaluations
(8,695)
At 28 February 2025
337,928

Investment property comprises property at fair value of £337,928. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors best estimate. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

N AND A PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
469
-
0
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
3,557
9,886
Other creditors
345,118
230,060
348,675
239,946
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
16,572
13,800
Other creditors
-
0
15,000
16,572
28,800
8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
8,695
-
Non distributable profits in the year
(8,695)
8,695
At the end of the year
-
8,695
9
Financial commitments, guarantees and contingent liabilities

During the year to 28 February 2021 , the company borrowed £50,000 from its banker for a bounce back loan. As part of this loan scheme,the UK government has guaranteed the advance and has paid the interest and fees due for the first 12 months. As at the balance sheet date, the balance outstanding to the company's banker was £20,129.

 

 

N AND A PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
10
Related party transactions
Transactions with related parties

At year end, the company owed £198,326 (2024: £191,053 ) to two companies with common directors.

 

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