REGISTERED NUMBER: 11194388 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

NASHES PROPERTY COMPANY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Y J McMath

Mr P C McMath

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

11194388 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

17,748

1,321

Investment property

5

823,678

823,678

841,426

824,999

CURRENT ASSETS

Debtors

6

80,000

1,242

Cash at bank

55,968

92,703

135,968

93,945

CREDITORS

Amounts falling due within one year

7

948,107

899,104

NET CURRENT LIABILITIES

(812,139

)

(805,159

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,287

19,840

CREDITORS

Amounts falling due after more than one year

8

3,364

13,497

NET ASSETS

25,923

6,343

CAPITAL AND RESERVES

Called up share capital

10

200

100

Retained earnings

25,723

6,243

SHAREHOLDERS' FUNDS

25,923

6,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

Mr P C McMath - Director

1.	STATUTORY INFORMATION

Nashes Property Company 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.

TURNOVER

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

As the company was setup to buy a derelict property which it is currently refurbishing, there is no turnover or income from the same.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 March 2024

2,349

-

2,349

Additions

-

19,746

19,746

At 28 February 2025

2,349

19,746

22,095

Depreciation

At 1 March 2024

1,028

-

1,028

Charge for year

330

2,989

3,319

At 28 February 2025

1,358

2,989

4,347

Net book value

At 28 February 2025

991

16,757

17,748

At 29 February 2024

1,321

-

1,321

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 March 2024

and 28 February 2025

823,678

Net book value

At 28 February 2025

823,678

At 29 February 2024

823,678

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

80,000

1,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

9,646

9,646

Taxation and social security

716

989

Other creditors

937,745

888,469

948,107

899,104

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

3,364

13,497

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

9,646

9,646

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,364

13,497

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

50

Ordinary A

£1

50

-

50

Ordinary B

£1

50

-

200

100