Nuneaton Property Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00326899 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Nuneaton Property Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A Jeffcoate

R J P Jeffcoate

REGISTERED OFFICE:

The Atkins Building

Lower Bond Street

Hinckley

Leicestershire

LE10 1QU

REGISTERED NUMBER:

00326899 (England and Wales)

ACCOUNTANTS:

Abrahamson Foster Limited

The Atkins Building

Lower Bond Street

Hinckley

Leicestershire

LE10 1QU

FIXED ASSETS

Tangible assets

4

1,382,050

1,206,315

Investments

5

-

150,758

1,382,050

1,357,073

CURRENT ASSETS

Debtors

6

90,235

35,114

Cash at bank

61,611

1,842

151,846

36,956

CREDITORS

Amounts falling due within one year

7

25,756

63,488

NET CURRENT ASSETS/(LIABILITIES)

126,090

(26,532

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508,140

1,330,541

CREDITORS

Amounts falling due after more than one
year

8

(3,456

)

(9,456

)

PROVISIONS FOR LIABILITIES

(106,860

)

(72,520

)

NET ASSETS

1,397,824

1,248,565

CAPITAL AND RESERVES

Called up share capital

44

Revaluation reserve

9

835,392

660,392

Capital redemption reserve

300,000

Retained earnings

262,388

288,129

1,397,824

1,248,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 17 September 2025 and were signed on its behalf by:

T A Jeffcoate - Director

1.	STATUTORY INFORMATION

Nuneaton Property Company Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 January 2024

1,205,000

2,721

1,207,721

Additions

-

968

Revaluations

175,000

-

175,000

At 31 December 2024

1,380,000

3,689

1,383,689

DEPRECIATION

At 1 January 2024

-

1,406

Charge for year

-

233

At 31 December 2024

-

1,639

NET BOOK VALUE

At 31 December 2024

1,380,000

2,050

1,382,050

At 31 December 2023

1,205,000

1,315

1,206,315

Cost or valuation at 31 December 2024 is represented by:

Land and

buildings

£

Valuation in 2024

1,380,000

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

150,758

Disposals

(150,758

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

150,758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,135

3,160

Amounts owed by group undertakings

-

1,708

Other debtors

89,100

30,246

90,235

35,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

6,000

Trade creditors

1,432

(1

)

Taxation and social security

14,664

30,836

Other creditors

3,660

26,653

25,756

63,488

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

3,456

9,456

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

660,392

Revaluation

175,000

At 31 December 2024

835,392

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

R J P Jeffcoate

Balance outstanding at start of year

-

22,736

Amounts advanced

69,385

-

Amounts repaid

(69,385

)

(22,736

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is that of Jeff Holdings Limited, a company registered in England and Wales.