REGISTERED NUMBER: 00800550 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Naitparts Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A D Patterson

Mrs L J Bloor

Ms C G Patterson

B M G Patterson

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

00800550 (England and Wales)

AUDITORS:

Thornton Springer LLP

Chartered Accountants

Statutory Auditor

67 Westow Street

London

United Kingdom

SE19 3RW

FIXED ASSETS

Investments

5

1,593,194

829,535

Investment property

6

3,550,000

3,235,000

5,143,194

4,064,535

CURRENT ASSETS

Debtors

7

32,837

30,587

Cash at bank

530,802

1,776,090

563,639

1,806,677

CREDITORS

Amounts falling due within one year

8

(37,820

)

(428,513

)

NET CURRENT ASSETS

525,819

1,378,164

TOTAL ASSETS LESS CURRENT LIABILITIES

5,669,013

5,442,699

PROVISIONS FOR LIABILITIES

(699,857

)

(548,755

)

NET ASSETS

4,969,156

4,893,944

CAPITAL AND RESERVES

Called up share capital

9

6,000

6,000

Fair value reserves

10

2,350,229

2,308,846

Retained earnings

10

2,612,927

2,579,098

SHAREHOLDERS' FUNDS

4,969,156

4,893,944

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 22 November 2025 and were signed on its behalf by:

Mrs A D Patterson - Director

B M G Patterson - Director

1.	STATUTORY INFORMATION

Naitparts Developments 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is in Pound Sterling (£). Monetary amounts are rounded to the nearest £.

Turnover

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

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 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.

Fixed asset investments

Fixed asset investments represent listed investments, valued at current market value basis. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss.

Repairs and renewals

Repairs and renewal costs are charged to revenue as they are incurred. Any costs incurred considered to improve properties are capitalised.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

829,535

Additions

1,011,283

Disposals

(190,541

)

Revaluations

(57,083

)

At 31 March 2025

1,593,194

NET BOOK VALUE

At 31 March 2025

1,593,194

At 31 March 2024

829,535

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

22,514

Cost

1,570,680

1,593,194

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

1,570,680

732,685

Fixed asset investments were valued on a current market value basis on 31 March 2025 by J M Finn & Co Ltd .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,235,000

Additions

55,000

Revaluations

260,000

At 31 March 2025

3,550,000

NET BOOK VALUE

At 31 March 2025

3,550,000

At 31 March 2024

3,235,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

3,060,607

Cost

489,393

3,550,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

489,393

434,393

Investment properties were valued on a fair value basis on 31 March 2025 by Benjamin Patterson, director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

32,837

30,587

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

22,889

5,682

Taxation and social security

449

408,449

Other creditors

14,482

14,382

37,820

428,513

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

6,000

Ordinary shares

£1

6,000

6,000

10.

RESERVES

Fair

Retained

value

earnings

reserves

Totals

£

£

£

At 1 April 2024

2,579,098

2,308,846

4,887,944

Profit for the year

75,212

75,212

Revaluation of property and

listed investments

(202,917

)

202,917

-

Realisation of revaluation gains and losses of previous years

10,432

(10,432

)

-

Deferred tax provision

151,102

(151,102

)

-

At 31 March 2025

2,612,927

2,350,229

4,963,156

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Garth Myers FCCA, ACA (Senior Statutory Auditor)

for and on behalf of Thornton Springer LLP

12.	ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.