REGISTERED NUMBER: 11068972 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nulojic Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L J Heffernan

Mr Jon Heffernan

REGISTERED OFFICE:

38 North Gardens

Brighton

BN1 3LB

REGISTERED NUMBER:

11068972 (England and Wales)

FIXED ASSETS

Investment property

4

1,205,497

1,205,497

CURRENT ASSETS

Debtors

5

2

(2,008

)

Cash at bank

639

1,061

641

(947

)

CREDITORS

Amounts falling due within one year

6

250,428

258,419

NET CURRENT LIABILITIES

(249,787

)

(259,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

955,710

946,131

CREDITORS

Amounts falling due after more than one year

7

869,121

870,678

NET ASSETS

86,589

75,453

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

86,587

75,451

SHAREHOLDERS' FUNDS

86,589

75,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr Jon Heffernan - Director

1.	STATUTORY INFORMATION

Nulojic Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,205,497

NET BOOK VALUE

At 31 March 2025

1,205,497

At 31 March 2024

1,205,497

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

450,000

Valuation in 2022

263,059

Valuation in 2023

492,438

1,205,497

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2

(2,008

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,280

-

Taxation and social security

4,605

3,918

Other creditors

244,543

254,501

250,428

258,419

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

869,121

870,678

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

865,618

865,618

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Jon Heffernan.