General Information
NIA Success Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is 89 Levett Road, Leatherhead, Surrey, England, KT22 7EH. The nature of the company's operations and its principal activity was that of property investment.
| 1. |
Accounting policies
Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 30 September each year, and are stated in pound sterling, the company's functional and presentational currency.
The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover
Turnover comprises rental income receivable during the period.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
20% Straight Line
|
| Computer Equipment |
33% Straight Line
|
Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Employees and Directors
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 October 2024 |
6,133 |
|
688 |
|
6,821 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 30 September 2025 |
6,133 |
|
688 |
|
6,821 |
| Depreciation |
| At 01 October 2024 |
3,142 |
|
522 |
|
3,664 |
| Charge for year |
1,036 |
|
142 |
|
1,178 |
| On disposals |
- |
|
- |
|
- |
| At 30 September 2025 |
4,178 |
|
664 |
|
4,842 |
| Net book values |
| Closing balance as at 30 September 2025 |
1,955 |
|
24 |
|
1,979 |
| Opening balance as at 01 October 2024 |
2,991 |
|
166 |
|
3,157 |
|
| 4. |
Investment property
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 October 2024 |
69,000 |
|
69,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| Revaluations |
6,000 |
|
6,000 |
| At 30 September 2025 |
75,000 |
|
75,000 |
Other investments comprise the investment property held by the company. The investment property was revalued as at the balance sheet date by the Director based on his knowledge and experience of the nature and class of asset.
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
2
Ordinary shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
2
|