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Company Registration No. 10726732 (England and Wales)
NESLEN PROPERTIES LIMITED Unaudited accounts for the year ended 30 April 2025
NESLEN PROPERTIES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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NESLEN PROPERTIES LIMITED Company Information for the year ended 30 April 2025
Director
MR L C NESLEN
Company Number
10726732 (England and Wales)
Registered Office
126 WATERFALL ROAD LONDON N14 7JN ENGLAND
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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NESLEN PROPERTIES LIMITED Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
151
178
Current assets
Debtors
5
5,586
7,921
Cash at bank and in hand
57
66
5,643
7,987
Creditors: amounts falling due within one year
6
(5,001)
(5,332)
Net current assets
642
2,655
Total assets less current liabilities
793
2,833
Creditors: amounts falling due after more than one year
7
(20,440)
(21,130)
Net liabilities
(19,647)
(18,297)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(19,747)
(18,397)
Shareholders' funds
(19,647)
(18,297)
For the year ending 30 April 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 15 January 2026 and were signed on its behalf by
MR L C NESLEN Director Company Registration No. 10726732
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NESLEN PROPERTIES LIMITED Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
NESLEN PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10726732. The registered office is 126 WATERFALL ROAD, LONDON, N14 7JN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue, described as turnover, represents rents receivable excluding VAT. Turnover is recognised in accordance with the due dates under the terms of the lease agreement.
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:
Computer equipment
Reducing instalment - 15%
Investment property
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 taxation
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.
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NESLEN PROPERTIES LIMITED Notes to the Accounts for the year ended 30 April 2025
Financial instruments
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost. Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Going concern
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the contining support of the director and sharesholders of the company. If the were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 May 2024
554
At 30 April 2025
554
Depreciation
At 1 May 2024
376
Charge for the year
27
At 30 April 2025
403
Net book value
At 30 April 2025
151
At 30 April 2024
178
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
5,586
7,921
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,831
3,832
Accruals
1,170
1,500
5,001
5,332
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NESLEN PROPERTIES LIMITED Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
20,440
21,130
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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