Nijjar Properties Limited 30/11/2018 iXBRL

Nijjar Properties Limited 30/11/2018 iXBRL

NIJJAR PROPERTIES LIMITED - Company Information

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REGISTRAR
Company registration number: 9882088
Nijjar Properties Limited
Unaudited filleted financial statements
30 November 2018
Nijjar Properties Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Nijjar Properties Limited
Directors and other information
Directors B. Nijjar
J. Nijjar
Company number 9882088
Registered office 13 Portland Road
Edgbaston
Birmingham
B16 9HN
Business address The Windsor
6 Paddock Gardens
Walsall
WS5 3NZ
Accountants Barnett Ravenscroft Limited
13 Portland Road
Edgbaston
Birmingham
B16 9HN
Bankers Natwest Bank Plc
Nijjar Properties Limited
Statement of financial position
30 November 2018
2018 2017
Note £ £ £ £
Current assets
Stocks 190,000 190,000
Debtors 4 7,622 9,387
Cash at bank and in hand 112,627 165,225
_______ _______
310,249 364,612
Creditors: amounts falling due
within one year 5 ( 406,854) ( 409,413)
_______ _______
Net current liabilities ( 96,605) ( 44,801)
_______ _______
Total assets less current liabilities ( 96,605) ( 44,801)
_______ _______
Net liabilities ( 96,605) ( 44,801)
_______ _______
Capital and reserves
Called up share capital 6 100 100
Profit and loss account ( 96,705) ( 44,901)
_______ _______
Shareholders deficit ( 96,605) ( 44,801)
_______ _______
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 May 2019 , and are signed on behalf of the board by:
B. Nijjar
Director
Company registration number: 9882088
Nijjar Properties Limited
Notes to the financial statements
Year ended 30 November 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Debtors
2018 2017
£ £
Other debtors 7,622 9,387
_______ _______
5. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors - 3,324
Other creditors 406,854 406,089
_______ _______
406,854 409,413
_______ _______
6. Called up share capital
Issued, called up and fully paid
2018 2017
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______