REGISTERED NUMBER: 09904460 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

NWA Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Cairney

B W Cairney

REGISTERED OFFICE:

Oaklea House

46 Coatham Road

Redcar

TS10 1RS

REGISTERED NUMBER:

09904460 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Oaklea House

46 Coatham Road

Redcar

TS10 1RS

Fixed assets

Tangible assets

3

301,361

191,140

Current assets

Debtors

4

2,127

5,292

Cash at bank

85,948

3,766

88,075

9,058

Creditors

Amounts falling due within one year

5

(417,646

)

(203,334

)

Net current liabilities

(329,571

)

(194,276

)

Total assets less current liabilities

(28,210

)

(3,136

)

Provisions for liabilities

-

(333

)

Net liabilities

(28,210

)

(3,469

)

Capital and reserves

Called up share capital

6

2

2

Fair value reserve

7

-

1,418

Retained earnings

7

(28,212

)

(4,889

)

Shareholders' funds

(28,210

)

(3,469

)

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 31 October 2025 and were signed on its behalf by:

C A Cairney - Director

1.	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.

TANGIBLE FIXED ASSETS

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

Land and buildings

-

Not Provided

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

191,140

Additions

168,221

Disposals

(58,000

)

At 31 March 2025

301,361

NET BOOK VALUE

At 31 March 2025

301,361

At 31 March 2024

191,140

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,021

1,344

Prepayments

106

3,948

2,127

5,292

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

-

1,844

Directors' current accounts

416,310

200,417

Accrued expenses

1,336

1,073

417,646

203,334

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

(4,889

)

1,418

(3,471

)

Deficit for the year

(24,741

)

(24,741

)

Revaluation of tangible fixed

assets

1,418

(1,418

)

-

At 31 March 2025

(28,212

)

-

(28,212

)

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any

distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

8.	RELATED PARTY DISCLOSURES

At the end of the year, the company owed its director, Mrs Cairney £402,429 (2024 - £186,537) and Mr B Cairney £13,880 (2024- £13,880). This loan is interest free, unsecured and repayable on demand.

The company is controlled by its director.