NGD Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09479625 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

NGD PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

N G Doyle

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

09479625 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

-

Investment property

5

395,000

Current assets

Cash at bank

19,774

10,227

Creditors

Amounts falling due within one year

6

217,557

217,168

Net current liabilities

(197,783

)

(206,941

)

Total assets less current liabilities

197,217

188,059

Provisions for liabilities

7

20,989

Net assets

176,228

167,070

Capital and reserves

Called up share capital

8

100

Other reserves

9

89,482

Retained earnings

9

86,646

77,488

Shareholders' funds

176,228

167,070

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2025 and were signed by:

N G Doyle - Director

1.	Statutory information

NGD Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover from the provision of rental property is recognised in line with the terms of the rental agreement.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 April 2024

and 31 March 2025

379

Depreciation

At 1 April 2024

and 31 March 2025

379

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Investment property

Total

£

Fair value

At 1 April 2024

and 31 March 2025

395,000

Net book value

At 31 March 2025

395,000

At 31 March 2024

395,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

20,969

Valuation in 2021

50,000

Valuation in 2022

14,503

Valuation in 2023

5,000

Valuation in 2024

20,000

Cost

284,528

395,000

6.

Creditors: amounts falling due within one year

2025

2024

£

Taxation and social security

2,305

2,666

Other creditors

215,252

214,502

217,557

217,168

7.	Provisions for liabilities

2025

2024

£

Deferred tax

20,989

Deferred tax

£

Balance at 1 April 2024

20,989

Balance at 31 March 2025

20,989

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

9.

Reserves

Retained

Other

earnings

reserves

Totals

£

At 1 April 2024

77,488

89,482

166,970

Profit for the year

9,658

Dividends

(500

)

(500

)

At 31 March 2025

86,646

89,482

176,128

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

N G Doyle

Balance outstanding at start of year

(213,612

)

(242,362

)

Amounts advanced

-

30,000

Amounts repaid

(750

)

(1,250

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(214,362

)

(213,612

)