Registration number: 02867117

N & N Properties Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

N & N Properties Limited

(Registration number: 02867117)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	689	811
Investment property	5	1,425,000	1,450,000
		1,425,689	1,450,811
Current assets
Debtors		4,412	-
Cash at bank and in hand		54,419	33,984
		58,831	33,984
Creditors: Amounts falling due within one year	6	(28,958)	(61,780)
Net current assets/(liabilities)		29,873	(27,796)
Total assets less current liabilities		1,455,562	1,423,015
Provisions for liabilities		(93,912)	(100,103)
Net assets		1,361,650	1,322,912
Capital and reserves
Called up share capital		100	100
Non distributable reserve		646,575	665,325
Retained earnings		714,975	657,487
Shareholders' funds		1,361,650	1,322,912

N & N Properties Limited

(Registration number: 02867117)
Statement of Financial Position as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement .

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

Mr N A Tahir Director

N & N Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
First Floor, No. 22C Station Road
Cheadle Hulme
Stockport
Cheshire
SK8 7AB

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

Government grants

Government grants have been received and are recorded on the accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

N & N Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

N & N Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

N & N Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	6,056	6,056
At 31 March 2025	6,056	6,056
Depreciation
At 1 April 2024	5,245	5,245
Charge for the year	122	122
At 31 March 2025	5,367	5,367
Carrying amount
At 31 March 2025	689	689
At 31 March 2024	811	811

5	Investment properties

	2025 £
At 1 April	1,450,000
Fair value adjustments	(25,000)
At 31 March	1,425,000

The investment properties class of fixed assets were revalued on 31 March 2025 by the directors of the company who are internal to the company. The basis of this valuation was on an open market basis. This class of assets has a current value of £1,425,000 (2024 - £1,450,000) and a carrying amount at historical cost of £684,645 (2024 - £684,645). The depreciation on this historical cost is £nil (2024 - £nil)

Deferred tax of £100,103 has been provided for on the fair value adjustments, having taken into account the effect of indexation allowance, and has been charged to the non distributable reserve.

There has been no valuation of investment property by an independent valuer.

N & N Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	-	5,914
Taxation and social security		20,010	8,927
Accruals and deferred income		8,948	41,877
Other creditors		-	5,062
		28,958	61,780

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	5,914