REGISTERED NUMBER: 15276358 (England and Wales)

NEXTGEN PROPERTY DEVELOPERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Dews

W Maidens

REGISTERED OFFICE:

Dexter and Sharpe (Louth)

1 Eastgate

Louth

Lincolnshire

LN11 9NB

REGISTERED NUMBER:

15276358 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Louth)

Chartered Certified Accountants

1 Eastgate

Louth

Lincolnshire

LN11 9NB

FIXED ASSETS

Investment property

3

350,000

-

CURRENT ASSETS

Stocks

-

6,949

Cash at bank

6,307

75,814

6,307

82,763

CREDITORS

Amounts falling due within one year

326,511

76,180

NET CURRENT (LIABILITIES)/ASSETS

(320,204

)

6,583

TOTAL ASSETS LESS CURRENT LIABILITIES

29,796

6,583

PROVISIONS FOR LIABILITIES

10,626

-

NET ASSETS

19,170

6,583

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

4

45,298

-

Retained earnings

(26,130

)

6,581

19,170

6,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

W Maidens - Director

1.	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 as modified by the revaluation of certain assets.

Turnover

Income from sales is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income from rental properties represents net invoiced rent received, excluding value added tax

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

294,076

Revaluations

55,924

At 30 November 2025

350,000

NET BOOK VALUE

At 30 November 2025

350,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

55,924

Cost

294,076

350,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

294,076

-

Investment property was valued on an open market basis on 30 November 2025 by the directors .

4.

RESERVES

Revaluation

reserve

£

Revaluations in year

55,924

Deferred tax on revaluations

(10,626

)

At 30 November 2025

45,298

5.	TRANSITION OF FINANCIAL STANDARDS

The company have moved from FRS105 to FRS102(section 1A) from 10 November 2023. None of the comparatives have altered as a result of this change.