REGISTERED NUMBER: 12519876 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Narra Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Newman-Ford

B Westlake

REGISTERED OFFICE:

71-75 Shelton Street

London

WC2H 9QJ

REGISTERED NUMBER:

12519876 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

BANKERS:

Starling Bank

London Fruit and Wool Exchange

1 Duval Square

London

E1 6PW

FIXED ASSETS

Computer equipment

4

433

577

Investment property

5

127,500

127,500

127,933

128,077

CURRENT ASSETS

Cash at bank

9,341

13,709

CREDITORS

Amounts falling due within one year

6

778

904

NET CURRENT ASSETS

8,563

12,805

TOTAL ASSETS LESS CURRENT LIABILITIES

136,496

140,882

CREDITORS

Amounts falling due after more than one year

7

(128,897

)

(128,585

)

PROVISIONS FOR LIABILITIES

9

(2,223

)

(2,250

)

NET ASSETS

5,376

10,047

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

5,374

10,045

SHAREHOLDERS' FUNDS

5,376

10,047

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

B Westlake - Director

1.	STATUTORY INFORMATION

Narra 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.

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.

Significant judgements and estimates

The valuation of investment properties is a significant estimate included in these accounts.

Changes in accounting policies

There have been no changes to the accounting policies adopted by the company in the preparation of these accounts.

Turnover

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

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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.

Functional currency

The presentational and functional currency adopted by the company is £ sterling.

Financial instruments

Basic financial instruments comprising debtors, bank and cash balances are disclosed at fair value after making due allowance for impairments where necessary and appropriate.

3.	EMPLOYEES AND DIRECTORS

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

4.	COMPUTER EQUIPMENT

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,539

DEPRECIATION

At 1 April 2024

962

Charge for year

144

At 31 March 2025

1,106

NET BOOK VALUE

At 31 March 2025

433

At 31 March 2024

577

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

127,500

NET BOOK VALUE

At 31 March 2025

127,500

At 31 March 2024

127,500

Mortgage finance provided by Landbay Partners Limited is secured by a fixed charge over the company's investment properties.

Investment properties were revalued in 2023 resulting in a revaluation gain of £26,310 being recognised in the income statement.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

4,012

Valuation in 2022

97,178

Valuation in 2023

26,310

127,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

778

904

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Mortgage loan (see note 8)

97,298

97,298

Directors' loan accounts

31,599

31,287

128,897

128,585

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage - interest only

97,298

97,298

8.	MORTGAGE LOANS

An analysis of the maturity of mortgage loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage - interest only

97,298

97,298

Mortgage borrowings are on an interest only basis and are secured by a fixed charge over the company's investment properties.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,223

2,250

Deferred

tax

£

Balance at 1 April 2024

2,250

Provided during year

(27

)

Balance at 31 March 2025

2,223

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary A

1

1

1

1

Ordinary B

1

1

1

2

2

11.

RESERVES

Retained

earnings

£

At 1 April 2024

10,045

Deficit for the year

(4,671

)

At 31 March 2025

5,374

12.	DIRECTORS LOAN

At the year end, the company owed the directors the sum of £31,599.

The directors regard the balance as being repayable after one year.

13.	CONTROLLING PARTY

The company is controlled by the directors who own 100% of the shares.