NCC Property Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06818436

NCC Property Management Limited

Filleted Unaudited Financial Statements

31 March 2025

NCC Property Management Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

NCC Property Management Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,751,061		2,751,855

Current assets

Debtors	6	23,072	28,273
Cash at bank and in hand		264,598	305,249
		---------	---------
		287,670	333,522

Creditors: amounts falling due within one year	7	74,302		84,679
		---------		---------
Net current assets			213,368		248,843
			------------		------------
Total assets less current liabilities			2,964,429		3,000,698

Creditors: amounts falling due after more than one year	8	41,397	77,175
		------------	------------
Net assets		2,923,032	2,923,523
		------------	------------

Capital and reserves

Called up share capital	9	2,137,000	2,137,000
Profit and loss account		786,032	786,523
		------------	------------
Shareholders funds		2,923,032	2,923,523
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NCC Property Management Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr N C Cheshire
Director

Company registration number: 06818436

NCC Property Management Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3 Aster House, Landswood Park, Elmstead Market, CO7 7FD, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% straight line

Investment property

Investment property is initially recorded at costs, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Investment freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2024	2,750,158	–	9,557	2,759,715
Additions	–	932	282	1,214
	------------	----	-------	------------
At 31 March 2025	2,750,158	932	9,839	2,760,929
	------------	----	-------	------------
Depreciation
At 1 April 2024	–	–	7,860	7,860
Charge for the year	–	78	1,930	2,008
	------------	----	-------	------------
At 31 March 2025	–	78	9,790	9,868
	------------	----	-------	------------
Carrying amount
At 31 March 2025	2,750,158	854	49	2,751,061
	------------	----	-------	------------
At 31 March 2024	2,750,158	–	1,697	2,751,855
	------------	----	-------	------------

Investment property was valued at fair value by the director at the balance sheet date.

6. Debtors

	2025	2024
	£	£
Trade debtors	17,920	18,499
Prepayments and accrued income	5,152	9,774
	--------	--------
	23,072	28,273
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	39,355	38,555
Trade creditors	1,800	14,378
Accruals and deferred income	17,629	16,116
Corporation tax	788	776
Social security and other taxes	2,027	3,001
Rent deposits	12,703	11,853
	--------	--------
	74,302	84,679
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	41,397	77,175
	--------	--------

The bank loan is secured by a fixed and floating legal charge over certain assets of the company.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2,137,000	2,137,000	2,137,000	2,137,000
	------------	------------	------------	------------

10. Related party transactions

During the year, the company received rent from a related party amounting to £40,000 (2024: £40,000). £426 (2024: £nil) was paid to the related party for repairs. During the year, the company received rent from another related party amounting to £20,833 (2024: £20,833).

11. Controlling party

The ultimate controlling party is the Trustees of Cheshire EFRBS. The address of the registered office is The Folly, Pinner Hall Farm, Pinner Hall Rd., Pinner, Middx HA5 3YQ.