Company Registration No. 10063438 (England and Wales)
Nevis Property Development Ltd
Unaudited accounts
for the year ended 31 March 2025
Nevis Property Development Ltd
Unaudited accounts
Contents
Nevis Property Development Ltd
Company Information
for the year ended 31 March 2025
Director
Steven Geoffrey Allen
Company Number
10063438 (England and Wales)
Registered Office
Weaver Wroot Ltd
28 Dudley Street
Grimsby
South Humberside
DN31 2AB
England
Accountants
D H Tuck & Co Limited
Fiveways Business Centre
167 Park Street
Cleethorpes
North East Lincolnshire
DN35 7LX
Nevis Property Development Ltd
Statement of financial position
as at 31 March 2025
Investment property
1,100,000
1,058,500
Cash at bank and in hand
3,094
1,704
Creditors: amounts falling due within one year
(607,898)
(550,563)
Net current liabilities
(604,803)
(548,858)
Total assets less current liabilities
495,258
509,907
Creditors: amounts falling due after more than one year
(419,801)
(468,738)
Provisions for liabilities
Deferred tax
(18,418)
(10,533)
Called up share capital
1
1
Revaluation reserve
78,516
44,901
Profit and loss account
(21,478)
(14,266)
Shareholders' funds
57,039
30,636
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 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 18 December 2025 and were signed on its behalf by
Steven Geoffrey Allen
Director
Company Registration No. 10063438
Nevis Property Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
Nevis Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 10063438. The registered office is Weaver Wroot Ltd, 28 Dudley Street, Grimsby, South Humberside, DN31 2AB, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Nevis Property Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
250
2,200
2,450
At 31 March 2025
250
2,200
2,450
At 1 April 2024
169
2,016
2,185
Charge for the year
20
184
204
At 31 March 2025
189
2,200
2,389
At 31 March 2024
81
184
265
Fair value at 1 April 2024
1,058,500
Net gain from fair value adjustments
41,500
At 31 March 2025
1,100,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,100
11,100
Other creditors
594,873
538,388
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
419,801
468,738
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).