| Nano Property Limited |
| Registered number: |
12110509 |
| Balance Sheet |
| as at 31 July 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
85,000 |
|
|
175,000 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
2,072 |
| Cash at bank and in hand |
|
|
7,009 |
|
|
1,093 |
|
|
|
7,009 |
|
|
3,165 |
|
| Creditors: amounts falling due within one year |
5 |
|
(27,488) |
|
|
(29,080) |
|
| Net current liabilities |
|
|
|
(20,479) |
|
|
(25,915) |
|
| Total assets less current liabilities |
|
|
|
64,521 |
|
|
149,085 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(52,500) |
|
|
(123,088) |
|
| Provisions for liabilities |
|
|
|
(2,666) |
|
|
(7,051) |
|
|
| Net assets |
|
|
|
9,355 |
|
|
18,946 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Fair value reserve |
8 |
|
|
11,368 |
|
|
30,060 |
| Profit and loss account |
|
|
|
(2,014) |
|
|
(11,115) |
|
| Shareholder's funds |
|
|
|
9,355 |
|
|
18,946 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Mr M Sheik Dawood |
| Director |
| Approved by the board on 28 September 2026 |
|
| Nano Property Limited |
| Notes to the Accounts |
| for the year ended 31 July 2026 |
|
|
| 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Investments |
|
Investment properties are shown at fair value. The profit or loss arising in changes in fair value are recognised in the income statement. Revaluation gains are maintained net of the associated deferred tax liability within the fair value reserve. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Fair value |
|
At 1 August 2025 |
175,000 |
|
Disposals |
(90,000) |
|
|
At 31 July 2026 |
85,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 August 2025 |
137,889 |
|
At 31 July 2026 |
70,967 |
|
|
|
|
|
|
|
|
|
|
At 31 July 2026 the valuation of the investment property was reviewed by Mr M Sheik Dawood, the director of the company. Mr M Sheik Dawood is satisfied that the valuation represent the current fair value of the investment property. The revalued asset has not been valued by a qualified valuer. The valuation is representive of similar property values in the same area. |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
- |
|
2,072 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
3,085 |
|
Trade creditors |
- |
|
34 |
|
Director's loan account |
|
|
|
|
26,088 |
|
24,651 |
|
Other creditors |
1,400 |
|
1,310 |
|
|
|
|
|
|
27,488 |
|
29,080 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
52,500 |
|
123,088 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
52,500 |
|
110,595 |
|
Instalments falling due for payment after more than five years |
- |
|
6,084 |
|
|
|
|
|
|
52,500 |
|
116,679 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
52,500 |
|
110,595 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured on the investment properties owned by the company. |
|
|
| 8 |
Fair value reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 August 2025 |
30,060 |
|
30,060 |
|
Revaluation on investment property disposal in year |
(23,077) |
|
- |
|
Deferred taxation arising on the revaluation of investment properties |
|
4,385 |
|
- |
|
|
At 31 July 2026 |
11,368 |
|
30,060 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
In the opinion of the director Mr M Sheik Dawood is the company's controlling party by virtue of his shareholding in the company. |
|
|
| 10 |
Other information |
|
|
Nano Property Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Bury Lodge |
|
Bury Road |
|
Stowmarket |
|
Suffolk |
|
IP14 1JA |