2024-04-01 2025-03-31 12299179 NEGAL DEVELOPMENTS LIMITED false 12299179 2024-04-01 2025-03-31 12299179 uk-bus:Director1 2024-04-01 2025-03-31 12299179 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12299179 uk-bus:SmallEntities 2024-04-01 2025-03-31 12299179 uk-bus:FullAccounts 2024-04-01 2025-03-31 12299179 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12299179 2024-04-01 12299179 2025-03-31 12299179 2024-03-31 xbrli:pure iso4217:GBP 12299179 2023-04-01 2024-03-31
Company Registration Number : 12299179 (England and Wales)
12299179
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-03-31
false
NEGAL DEVELOPMENTS LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-04-01
NEGAL DEVELOPMENTS LIMITED
Unaudited filleted financial statements
For the year ended 31 March 2025
NEGAL DEVELOPMENTS LIMITED
Contents
For the year ended 31 March 2025
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


NEGAL DEVELOPMENTS LIMITED
Company Information
For the year ended 31 March 2025
Company registration number 12299179 (England and Wales)
Director Luke Harry Negal
Registered office address Dns House
Kenton Road
Harrow
HA3 8DP
Accountant 1st Accountancy and Bookkeeping services Ltd
Chartered Accountant
DNS House, 382 Kenton Road
Harrow, Middlesex
HA3 8DP
NEGAL DEVELOPMENTS LIMITED
Statement of Financial Position
For the year ended 31 March 2025
2025 2024
Notes £ £
Fixed assets
Investment Property 480,000 480,000
6 480,000 480,000
Current assets
Cash and cash equivalents 97,616 8,259
97,616 8,259
Current liabilities
Creditors: Amounts falling due within one year (168,033) (87,798)
Corporation tax payable (2,461) (2,829)
(170,493) (90,627)
Net current (liabilities)/assets (72,878) (82,369)
Total assets less current liabilities 407,122 397,631
Non-current liabilities
Creditors: Amounts falling due after more than one year (274,050) (274,050)
Net assets/(liabilities) 133,072 123,581
Capital and reserves
Called up share capital 100 100
Revaluation reserve 102,630 102,630
Retained earnings 30,342 20,851
Shareholder's funds 133,072 123,581
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 March 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 in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 13 August 2025
.............................
Luke Harry Negal (Director)
Company registration number: 12299179
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2025-03-31 31 March 2025
2025 2024
£ £
Fixed Assets 480,000 480,000
Current Assets 97,616 8,259
Creditors: amounts falling due within one year (170,493) (90,627)
Net current assets/(liabilities) (72,878) (82,369)
Total assets less current liabilities 407,122 397,631
CREDITORS: Amounts falling due more than one year (274,050) (274,050)
Net Assets/(liabilities) 133,072 123,581
Capital and Reserves 133,072 123,581
For the year ending 31/03/2025 the company was entitled to exemption 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. For the year ending 31-03-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 13 August 2025 2025-08-13 and signed on behalf of the board,
.............................
Luke Harry Negal
Director
Company registration number: 12299179
NEGAL DEVELOPMENTS LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Dns House, Kenton Road, Harrow, HA3 8DP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(4) Employees
During the year, the average number of employees including director was 0 (2024 : 0).

(5) Directors advances, credit and guarantees
Mr. Luke Negal has provided an advance interest ­free loan to the company amounting to £167,289 (2024: £86,289) , which is repayable on demand.

(6) Fixed assets
Investments
Property
£
Cost
As at 01 April 2024480,000
As at 31 March 2025480,000
Depreciation/Amortisation
As at 31 March 2025-
Net book value
As at 31 March 2025480,000
As at 31 March 2024480,000

(7) Investment Properties
These financial statements for the year ended 31 March 2025 are the financial statements of the company prepared in accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland."
The property is being measured at fair value under FRS 102 1a and no fair value gains and losses are reported in profit and loss.

(8) Loan and borrowings
The mortgage loan was secured on the investment properties.