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Registered number: 09470156
Nat James Property Ltd
Financial Statements
For The Year Ended 31 March 2025
UK Tax Advice Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09470156
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,839 8,384
Investment Properties 5 500,000 500,000
512,839 508,384
CURRENT ASSETS
Cash at bank and in hand 11,573 13,133
11,573 13,133
Creditors: Amounts Falling Due Within One Year 6 (133,260 ) (128,443 )
NET CURRENT ASSETS (LIABILITIES) (121,687 ) (115,310 )
TOTAL ASSETS LESS CURRENT LIABILITIES 391,152 393,074
Creditors: Amounts Falling Due After More Than One Year 7 (350,633 ) (357,821 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,383 ) (15,383 )
NET ASSETS 25,136 19,870
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 25,135 19,869
SHAREHOLDERS' FUNDS 25,136 19,870
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Natalie James
Director
23 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nat James Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09470156 . The registered office is The Barn, Green Farm Chelwood, Bristol, BS39 4NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company relies on the continued support of the director.
The director has expressed her willingness to continue her support of the company and has
confirmed that she will not be seeking repayment of her loan in the foreseeable future. The director
confirms that it therefore remains appropriate to prepare the financial statements on the going
concern basis.
2.3. Turnover
Turnover comprises letting income received from rental properties.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% straight Line
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 - 20,908 1,892 22,800
Additions 7,400 - - 7,400
As at 31 March 2025 7,400 20,908 1,892 30,200
Depreciation
As at 1 April 2024 - 13,660 756 14,416
Provided during the period 1,480 1,087 378 2,945
As at 31 March 2025 1,480 14,747 1,134 17,361
Net Book Value
As at 31 March 2025 5,920 6,161 758 12,839
As at 1 April 2024 - 7,248 1,136 8,384
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 500,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 397,610 397,610
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 133,260 128,443
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 350,633 357,821
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
9. Reserves
Profit and Loss Account
£
As at 1 April 2024 19,869
Profit for the year and total comprehensive income 5,266
As at 31 March 2025 25,135
Retained earnings are non distributable. The reserves are non distributable as it contains only profits
due to revaluation gains on the investment property at fair value.
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