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Company Registration No. 10063438 (England and Wales)
Nevis Property Development Ltd Unaudited accounts for the year ended 31 March 2026
Nevis Property Development Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nevis Property Development Ltd Company Information for the year ended 31 March 2026
Director
Steven Geoffrey Allen
Company Number
10063438 (England and Wales)
Registered Office
Weaver Wroot Ltd 28 Dudley Street Grimsby South Humberside DN31 2AB England
Accountants
D H Tuck & Co Limited Fiveways Business Centre 167 Park Street Cleethorpes North East Lincolnshire DN35 7LX
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Nevis Property Development Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
4,265
61
Investment property
5
860,000
1,100,000
864,265
1,100,061
Current assets
Debtors
6
1
1
Cash at bank and in hand
55,062
3,094
55,063
3,095
Creditors: amounts falling due within one year
7
(656,442)
(607,898)
Net current liabilities
(601,379)
(604,803)
Total assets less current liabilities
262,886
495,258
Creditors: amounts falling due after more than one year
8
(196,387)
(419,801)
Provisions for liabilities
Deferred tax
(13,455)
(18,418)
Net assets
53,044
57,039
Capital and reserves
Called up share capital
1
1
Revaluation reserve
57,360
78,516
Profit and loss account
(4,317)
(21,478)
Shareholders' funds
53,044
57,039
For the year ending 31 March 2026 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 16 June 2026 and were signed on its behalf by
Steven Geoffrey Allen Director Company Registration No. 10063438
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Nevis Property Development Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Nevis Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 10063438. The registered office is Weaver Wroot Ltd, 28 Dudley Street, Grimsby, South Humberside, DN31 2AB, 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% on cost
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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Nevis Property Development Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
250
2,200
2,450
Additions
-
4,500
4,500
Disposals
-
(2,200)
(2,200)
At 31 March 2026
250
4,500
4,750
Depreciation
At 1 April 2025
189
2,200
2,389
Charge for the year
15
281
296
On disposals
-
(2,200)
(2,200)
At 31 March 2026
204
281
485
Net book value
At 31 March 2026
46
4,219
4,265
At 31 March 2025
61
-
61
5
Investment property
2026
£
Fair value at 1 April 2025
1,100,000
Disposals
(240,000)
At 31 March 2026
860,000
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
1
1
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
11,100
11,100
Taxes and social security
5,270
-
Loans from directors
636,547
594,873
Accruals
3,525
1,925
656,442
607,898
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
196,387
419,801
9
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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