Bernard Nathan Property Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00612237 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BERNARD NATHAN PROPERTY CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTOR:

J S Nathan

REGISTERED OFFICE:

12 Hamilton House

1 Hall Road

St John's Wood

London

NW8 9PN

REGISTERED NUMBER:

00612237 (England and Wales)

ACCOUNTANTS:

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Tangible assets

4

164

182

Investment property

5

1,300,000

1,300,164

1,300,182

CURRENT ASSETS

Cash at bank

-

10,379

CREDITORS

Amounts falling due within one year

6

55,344

59,383

NET CURRENT LIABILITIES

(55,344

)

(49,004

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,244,820

1,251,178

CREDITORS

Amounts falling due after more than one year

7

(224,750

)

(241,710

)

PROVISIONS FOR LIABILITIES

(203,394

)

(203,394

)

NET ASSETS

816,676

806,074

CAPITAL AND RESERVES

Called up share capital

10,000

Non-distributable fair value

reserve

8

610,183

Retained earnings

196,493

185,891

816,676

806,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2026 and were signed by:

J S Nathan - Director

1.	STATUTORY INFORMATION

Bernard Nathan Property Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Revenue recognition

Revenue is measured at the fair value of the rent received or receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Investment property

In accordance with Section 16 of Investment Properties of FRS 102, investment properties are measured at cost at initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal, property transfer taxes and other transactions costs.

All investment properties are revalued annually. Any surplus or deficit on revaluation is transferred to the fair value revaluation reserve, except that deficits below original cost, which are expected to be permanent, are charged to the profit and loss account.

Investment property whose fair value can be measured reliably without undue costs or effect have been measured at fair value at each reporting date with changes in fair value recognised in profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Non-distributable fair value reserve

Surpluses arising on the revaluation of individual investment property are credited to a non-distributable revaluation reserve. Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. On the disposal of a revalued investment property any remaining revaluation surplus corresponding to the item is also transferred to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

1,250

DEPRECIATION

At 1 January 2025

1,068

Charge for year

18

At 31 December 2025

1,086

NET BOOK VALUE

At 31 December 2025

164

At 31 December 2024

182

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,300,000

NET BOOK VALUE

At 31 December 2025

1,300,000

At 31 December 2024

1,300,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2009

113,483

Valuation in 2022

700,094

Cost

486,423

1,300,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

34,227

25,418

Tax

5,071

4,789

Directors' current accounts

25

12,637

Accruals and deferred income

16,021

16,539

55,344

59,383

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

16,390

14,747

Bank loans - 2-5 years

49,169

44,240

Bank loans more 5 yr by instal

159,191

182,723

224,750

241,710

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

159,191

182,723

8.

RESERVES

Non-distrib

fair

value

reserve

£

At 1 January 2025

and 31 December 2025

610,183

9.	RELATED PARTY DISCLOSURES

Mr J Nathan and Mr A Nathan (other shareholder and connected party) have a joint interest of 50% in investment property. The company's interest in this property is valued at £1,300,000 in the accounts.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and loss account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bernard Nathan Property Co Limited for the year ended 31 December 2025 which comprise the Profit and loss account, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bernard Nathan Property Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bernard Nathan Property Co Limited and state those matters that we have agreed to state to the director of Bernard Nathan Property Co Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bernard Nathan Property Co Limited and its director for our work or for this report.

It is your duty to ensure that Bernard Nathan Property Co 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 profit of Bernard Nathan Property Co Limited. You consider that Bernard Nathan Property Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bernard Nathan Property Co 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.

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

11 September 2026