REGISTERED NUMBER: 13302633 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

N & M Select Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Ciesielski

REGISTERED OFFICE:

108 Cannock Street

Leicester

Leicestershire

LE4 9HR

REGISTERED NUMBER:

13302633 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

890

1,112

Investment property

5

494,081

494,081

494,971

495,193

CURRENT ASSETS

Debtors

6

37,469

27,469

Cash at bank

8,410

16,846

45,879

44,315

CREDITORS

Amounts falling due within one year

7

(332,300

)

(322,656

)

NET CURRENT LIABILITIES

(286,421

)

(278,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,550

216,852

CREDITORS

Amounts falling due after more than one year

8

(211,945

)

(211,945

)

PROVISIONS FOR LIABILITIES

-

(211

)

NET (LIABILITIES)/ASSETS

(3,395

)

4,696

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

(3,400

)

4,691

(3,395

)

4,696

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

M Ciesielski - Director

1.	STATUTORY INFORMATION

N & M Select Property Ltd 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the director to maintain the necessary financial support.

Turnover

Rental income is recognised on a receivable basis during the year, exclusive of Value Added Tax.

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 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 Statement of Income and Retained Earnings, 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.

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

1,390

DEPRECIATION

At 1 April 2024

278

Charge for year

222

At 31 March 2025

500

NET BOOK VALUE

At 31 March 2025

890

At 31 March 2024

1,112

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

494,081

NET BOOK VALUE

At 31 March 2025

494,081

At 31 March 2024

494,081

In the opinion of the directors the fair value of the investment properties as at 31 March 2025 was £494,081.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

37,469

27,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

-

356

Other creditors

332,300

322,300

332,300

322,656

Other creditors includes accruals and deferred income of £2,090 (2024 - £2,090)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

211,945

211,945

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

211,945

211,945

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

211,945

211,945

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

211,945

211,945

Bank loans are secured by the way of fixed charges over the investment properties.