1 July 2024 false No description of principal activity Taxfiler 2024.6 12804507 business:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12804507 2024-06-30 12804507 2024-07-01 2025-06-30 12804507 business:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12804507 business:FilletedAccounts 2024-07-01 2025-06-30 12804507 2025-06-30 12804507 business:Director1 2024-07-01 2025-06-30 12804507 business:RegisteredOffice 2024-07-01 2025-06-30 12804507 2024-06-30 12804507 core:WithinOneYear 2025-06-30 12804507 core:WithinOneYear 2024-06-30 12804507 core:AfterOneYear 2025-06-30 12804507 core:AfterOneYear 2024-06-30 12804507 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 12804507 core:ShareCapital core:PreviouslyStatedAmount 2024-06-30 12804507 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 12804507 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-06-30 12804507 core:PreviouslyStatedAmount 2025-06-30 12804507 core:PreviouslyStatedAmount 2024-06-30 12804507 business:SmallEntities 2024-07-01 2025-06-30 12804507 countries:EnglandWales 2024-07-01 2025-06-30 12804507 core:PlantMachinery 2024-07-01 2025-06-30 12804507 core:FurnitureFittings 2024-07-01 2025-06-30 12804507 core:PlantMachinery 2024-06-30 12804507 core:FurnitureFittings 2024-06-30 12804507 core:PlantMachinery 2025-06-30 12804507 core:FurnitureFittings 2025-06-30 12804507 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12804507 (England and Wales)
Nulite Properties Ltd Unaudited accounts for the year ended 30 June 2025
Nulite Properties Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Nulite Properties Ltd Company Information for the year ended 30 June 2025
Director
W Harris
Company Number
12804507 (England and Wales)
Registered Office
28 BIDDICK VILLAGE CENTRE WASHINGTON NE38 7NP UNITED KINGDOM
Accountants
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS
- 3 -
Nulite Properties Ltd Accountants' report
Accountants' report to the director of Nulite Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nulite Properties Ltd for the year ended 30 June 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Nulite Properties Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Nulite Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nulite Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nulite Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nulite Properties Ltd. You consider that Nulite Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nulite Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS 6 November 2025
- 4 -
Nulite Properties Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,639
2,915
Investment property
5
5,230,610
4,791,602
5,240,249
4,794,517
Current assets
Debtors
6
8,448
14,460
Cash at bank and in hand
64,117
165,250
72,565
179,710
Creditors: amounts falling due within one year
7
(66,147)
(69,276)
Net current assets
6,418
110,434
Total assets less current liabilities
5,246,667
4,904,951
Creditors: amounts falling due after more than one year
8
(4,154,004)
(3,904,471)
Net assets
1,092,663
1,000,480
Capital and reserves
Called up share capital
1,000,000
1,000,000
Profit and loss account
92,663
480
Shareholders' funds
1,092,663
1,000,480
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2025 and were signed on its behalf by
W Harris Director Company Registration No. 12804507
- 5 -
Nulite Properties Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Nulite Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12804507. The registered office is 28 BIDDICK VILLAGE CENTRE, WASHINGTON, NE38 7NP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
- 6 -
Nulite Properties Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
240
2,758
2,998
Additions
790
7,431
8,221
At 30 June 2025
1,030
10,189
11,219
Depreciation
At 1 July 2024
15
68
83
Charge for the year
127
1,370
1,497
At 30 June 2025
142
1,438
1,580
Net book value
At 30 June 2025
888
8,751
9,639
At 30 June 2024
225
2,690
2,915
5
Investment property
2025
£
Fair value at 1 July 2024
4,791,602
Additions
670,320
Disposals
(231,312)
At 30 June 2025
5,230,610
The Investment properties are shown at original acquisition cost, plus the cost of any improvements made to the respective properties since acquisition.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
(341)
3,033
Accrued income and prepayments
7,984
11,177
Other debtors
805
250
8,448
14,460
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,313
22,113
Taxes and social security
19,712
2,730
Other creditors
25,001
22,127
Accruals
13,131
9,331
Deferred income
990
12,975
66,147
69,276
- 7 -
Nulite Properties Ltd Notes to the Accounts for the year ended 30 June 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
4,154,004
3,904,471
9
Controlling party
The company is a wholly owned subsidiary of Nulite Ltd (Registration No. 03490017), who's Registered Office is 28 Biddick Village Centre, Washington, Tyne & Wear, NE38 7NP
10
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 8 -