REGISTERED NUMBER: 07216362 (England and Wales)

NAVIGATION COURT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Pugh

H Pugh

REGISTERED OFFICE:

16 Henley Close

Rawdon

Leeds

West Yorkshire

LS19 6QB

REGISTERED NUMBER:

07216362 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Tangible assets

4

-

76

Investment property

5

1,798,710

2,000,000

1,798,710

2,000,076

CURRENT ASSETS

Debtors

6

20,200

807

Cash at bank

24,242

10,393

44,442

11,200

CREDITORS

Amounts falling due within one year

7

49,564

67,901

NET CURRENT LIABILITIES

(5,122

)

(56,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,793,588

1,943,375

CREDITORS

Amounts falling due after more than one year

8

-

(178,022

)

PROVISIONS FOR LIABILITIES

(216,343

)

(240,784

)

NET ASSETS

1,577,245

1,524,569

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

795,136

884,916

Retained earnings

782,107

639,651

SHAREHOLDERS' FUNDS

1,577,245

1,524,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 24 September 2025 and were signed on its behalf by:

D C Pugh - Director

1.	STATUTORY INFORMATION

Navigation Court 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland' (FRS 102) and the Companies Act 2006.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover

Turnover represents rental income from property.

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

-

25% on cost

Investment property

Investment properties are shown at their fair value. Gains are recognised in the fair value reserve which is a non-distributable reserve.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, with the provision adjusted against the fair value reserve.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

and 5 April 2025

1,502

DEPRECIATION

At 6 April 2024

1,426

Charge for year

76

At 5 April 2025

1,502

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

76

5.	INVESTMENT PROPERTY

The investment property was last revalued by the directors in 2023.

Investment property is accounted for using the fair value model. The Directors have assessed the investment property value as at 5 April 2025 and are of the opinion that the overall revised carrying value is still appropriate.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

20,200

807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

40,254

9,102

Other creditors

9,310

58,799

49,564

67,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

178,022

9.

RESERVES

Fair

value

reserve

£

At 6 April 2024

884,916

Deferred tax released on property sale

24,422

Revaluation released on property sale

(114,202

)

At 5 April 2025

795,136

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2025 and 5 April 2024:

2025

2024

£

£

D C Pugh and H Pugh

Balance outstanding at start of year

-

-

Amounts advanced

20,000

-

Amounts repaid

(673

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,327

-