Company Registration No. 02813093 (England and Wales)
NOLAN'S PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2019
NOLAN'S PROPERTIES LIMITED
Unaudited accounts
Contents
NOLAN'S PROPERTIES LIMITED
Company Information
for the year ended 31 March 2019
Company Number
02813093 (England and Wales)
Registered Office
HOLLYMEADE
CLYDESDALE ROAD
BRAINTREE
ESSEX
CM7 2NX
ENGLAND
NOLAN'S PROPERTIES LIMITED
Statement of financial position
as at 31 March 2019
Tangible assets
3,165,524
3,221,097
Cash at bank and in hand
47,764
51,024
Creditors: amounts falling due within one year
(845,213)
(815,003)
Net current liabilities
(702,521)
(756,209)
Total assets less current liabilities
2,463,003
2,464,888
Creditors: amounts falling due after more than one year
(1,758,338)
(1,777,048)
Net assets
704,665
687,840
Called up share capital
100
100
Profit and loss account
704,565
687,740
Shareholders' funds
704,665
687,840
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 December 2019.
DARREN NOLAN
Director
Company Registration No. 02813093
NOLAN'S PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2019
NOLAN'S PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02813093. The registered office is HOLLYMEADE, CLYDESDALE ROAD, BRAINTREE, ESSEX, CM7 2NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18 per cent
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
3,221,097
2,086
3,223,183
Disposals
(55,573)
-
(55,573)
At 31 March 2019
3,165,524
2,086
3,167,610
At 1 April 2018
-
2,086
2,086
At 31 March 2019
-
2,086
2,086
At 31 March 2019
3,165,524
-
3,165,524
At 31 March 2018
3,221,097
-
3,221,097
Other debtors
94,928
7,770
NOLAN'S PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
338,732
104,286
Taxes and social security
4,650
22,551
Other creditors
43,087
37,012
Loans from directors
458,744
651,154
7
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
1,758,338
1,777,048
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).
