| NE-YORK PROPERTIES LIMITED |
| Registered number: |
08991191 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,076,239 |
|
|
1,076,783 |
|
| Current assets |
| Debtors |
4 |
|
234,428 |
|
|
44,840 |
| Cash at bank and in hand |
|
|
64,381 |
|
|
253,921 |
|
|
|
298,809 |
|
|
298,761 |
|
| Creditors: amounts falling due within one year |
5 |
|
(259,487) |
|
|
(253,829) |
|
| Net current assets |
|
|
|
39,322 |
|
|
44,932 |
|
| Total assets less current liabilities |
|
|
|
1,115,561 |
|
|
1,121,715 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(513,174) |
|
|
(518,585) |
|
| Provisions for liabilities Deferred Taxation |
|
|
|
(101,523) |
|
|
(101,523) |
|
|
| Net assets |
|
|
|
500,864 |
|
|
501,607 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
8 |
|
|
432,807 |
|
|
432,807 |
| Profit and loss account |
|
|
|
67,057 |
|
|
67,800 |
|
| Shareholders' funds |
|
|
|
500,864 |
|
|
501,607 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| A S Kullar |
| Director |
| Approved by the board on 24 April 2026 |
|
| NE-YORK PROPERTIES LIMITED |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the amount received for rent charged during the year, excluding of VAT. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than Investment Properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, and equipment |
10% per annum on cost |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment property |
|
Fixtures, fittings & equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2024 |
1,075,000 |
|
5,440 |
|
1,080,440 |
|
At 30 April 2025 |
1,075,000 |
|
5,440 |
|
1,080,440 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
- |
|
3,657 |
|
3,657 |
|
Charge for the year |
- |
|
544 |
|
544 |
|
At 30 April 2025 |
- |
|
4,201 |
|
4,201 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
1,075,000 |
|
1,239 |
|
1,076,239 |
|
At 30 April 2024 |
1,075,000 |
|
1,783 |
|
1,076,783 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
36,650 |
|
44,840 |
|
Other debtors |
197,778 |
|
- |
|
|
|
|
|
|
234,428 |
|
44,840 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
(secured) |
10,957 |
|
11,504 |
|
Trade creditors |
241,595 |
|
226,539 |
|
Accruals |
|
|
|
|
6,701 |
|
3,685 |
|
Corporation tax |
234 |
|
12,101 |
|
|
|
|
|
|
259,487 |
|
253,829 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
(secured) |
364,573 |
|
374,984 |
|
Other creditors |
148,601 |
|
143,601 |
|
|
|
|
|
|
513,174 |
|
518,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
320,742 |
|
328,967 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
375,530 |
|
386,488 |
|
|
|
|
|
|
|
|
|
|
The bank loan is securred by charge over the freehold investment property owned by the company. |
|
|
| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 May 2024 and At 30 April 2025 |
432,807 |
|
432,807 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
NE-YORK PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
128A Evington Road |
|
Leicester |
|
LE2 1HL |