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
Nulite Properties Ltd
Company Information
for the year ended 30 June 2025
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
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
Nulite Properties Ltd
Statement of financial position
as at 30 June 2025
Tangible assets
9,639
2,915
Investment property
5,230,610
4,791,602
Cash at bank and in hand
64,117
165,250
Creditors: amounts falling due within one year
(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
(4,154,004)
(3,904,471)
Net assets
1,092,663
1,000,480
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
Nulite Properties Ltd
Notes to the Accounts
for the year ended 30 June 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 30 June 2025
1,030
10,189
11,219
Charge for the year
127
1,370
1,497
At 30 June 2025
142
1,438
1,580
At 30 June 2025
888
8,751
9,639
At 30 June 2024
225
2,690
2,915
Fair value at 1 July 2024
4,791,602
The Investment properties are shown at original acquisition cost, plus the cost of any improvements made to the respective properties since acquisition.
Amounts falling due within one year
Accrued income and prepayments
7,984
11,177
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
Deferred income
990
12,975
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
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).