REGISTERED NUMBER: 06649140 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

NB Property Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N G Barrett

REGISTERED OFFICE:

57 Heaton Street

Gainsborough

Lincolnshire

DN21 2EF

REGISTERED NUMBER:

06649140 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

1,028

1,285

Investment property

5

893,401

962,329

894,429

963,614

CURRENT ASSETS

Stocks

244,404

244,404

Cash at bank

33,110

11,613

277,514

256,017

CREDITORS

Amounts falling due within one year

6

875,464

959,413

NET CURRENT LIABILITIES

(597,950

)

(703,396

)

TOTAL ASSETS LESS CURRENT LIABILITIES

296,479

260,218

PROVISIONS FOR LIABILITIES

9,059

9,059

NET ASSETS

287,420

251,159

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

287,320

251,059

SHAREHOLDERS' FUNDS

287,420

251,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2026 and were signed by:

N G Barrett - Director

1.	STATUTORY INFORMATION

NB Property Developments 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.

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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Investment properties

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Full provision has been made on the gains arising from the fair value review of the investment properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2025

and 31 March 2026

3,713

DEPRECIATION

At 1 April 2025

2,428

Charge for year

257

At 31 March 2026

2,685

NET BOOK VALUE

At 31 March 2026

1,028

At 31 March 2025

1,285

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

962,329

Disposals

(68,928

)

At 31 March 2026

893,401

NET BOOK VALUE

At 31 March 2026

893,401

At 31 March 2025

962,329

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

506,378

Valuation in 2019

124,680

Valuation in 2020

23,658

Valuation in 2021

78,224

Valuation in 2022

116,746

Valuation in 2023

112,643

Valuation in 2026

(68,928

)

893,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Tax

10,493

13,876

VAT

1,389

1,081

Other creditors

222,688

142,688

Directors' current accounts

640,194

801,093

Accrued expenses

700

675

875,464

959,413

7.	ULTIMATE CONTROLLING PARTY

The controlling party is N G Barrett.

The company is controlled by its director. At the year end date the company owed the director £640,194, (2025, £801,093).