|
Company Registration No.08837613 (England and Wales)
NOLAN BROTHERS PROPERTIES LIMITED
UNAUDITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2025
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
COMPANY INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmons Gainsford Professional Services Limited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
CONTENTS
|
|
|
|
|
|
|
|
|
|
|
|
Notes to the financial statements
|
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
The directors present their report and the financial statements for the year ended 31 July 2025.
The principal activity of the company is that of real estate investors and developers.
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 24 April 2026 and signed on its behalf.
___________________________
Denis Nolan
Director
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NOLAN BROTHERS PROPERTIES LIMITED
FOR THE YEAR ENDED 31 JULY 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nolan Brothers Properties Limited for the year ended 31 July 2025 which comprise the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of directors of Nolan Brothers Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Nolan Brothers Properties Limited and state those matters that we have agreed to state to the Board of directors of Nolan Brothers Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nolan Brothers Properties Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Nolan Brothers Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nolan Brothers Properties Limited. You consider that Nolan Brothers Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Nolan Brothers Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simmons Gainsford Professional Services Limited
Chartered Accountants
38-40 Chamberlayne Road
London
NW10 3JE
24 April 2026
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
REGISTERED NUMBER:08837613
|
BALANCE SHEET
AS AT 31 JULY 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due after more than one year
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
Current asset investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
REGISTERED NUMBER:08837613
|
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2026.
___________________________
Denis Nolan
|
|
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Nolan Brothers Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13 Beaumont Gate Shenley Hill, Radlett, United Kingdom, WD7 7AR.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and investment properties and certain financial instruments at fair value, unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.
Other current asset investments are stated at lower of cost and estimated net realisable value.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Turnover is recognised at the fair value of the consideration received or receivable in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. It represents invoiced value of goods or services supplied.
|
|
|
Foreign currency translation
|
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
The company operates a defined contribution plan for its employees.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
|
|
The average monthly number of employees, including directors, during the year was 6 (2024 - 5).
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
|
|
Investments in subsidiary companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments include holdings in the following subsidiaries:
The Pottle Properties Limited, incorporated in the Republic of Ireland, comprising 100% of its issued ordinary share capital. Its principal activity is that of property investment.
Ballaghanea Properties Limited, incorporated in the Republic of Ireland, comprising 100% of its issued ordinary share capital. Its principal activity is that of property development.
Seefin Properties Limited, incorporated in the United Kingdom, comprising 81.6% of its issued ordinary share capital. Its principal activity is that of real estate investors and developers.
Nolan Brothers (I) Limited, incorporated in the United Kingdom, comprising 100% of its issued ordinary share capital. Its principal activity is that of real estate investors and developers.
The aggregate amount of capital and reserves and the results for the subsidiaries for the last relevant period were as follows:
|
|
|
|
|
Profit/(loss) for the period
|
|
|
|
|
|
|
|
|
|
|
|
|
The Pottle Properties Limited
|
|
|
|
|
Ballaghanea Properties Limited
|
|
|
|
|
Seefin Properties Limited
|
|
|
|
|
Nolan Brothers (I) Limited
|
|
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
|
|
Due after more than one year
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
Amounts owed by related undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group and related undertakings are unsecured, interest-free and repayable on demand.
|
|
|
Current asset investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to related undertakings
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to related undertakings are unsecured, interest-free and payable on demand.
|
|
|
|
|
|
NOLAN BROTHERS PROPERTIES LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Authorised, allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
100 Ordinary shares of £1 each
|
|
|
|
|
Related party transactions
|
|
|
The company owns 81.6% shares in Seefin Properties Limited. At the year end, the amounts owed by Seefin Properties Limited amounted to £3,557,807 (2024: £2,003,615).
The company has taken advantage of the exemption available in accordance with Financial Reporting Standard 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
|
|
|
Post balance sheet events
|
There were no events since the year end which materially affected the company.
The company is under the control of Denis Nolan who is the managing director and majority shareholder and therefore the ultimate controller of the company.
|