Nexus Property Partnership Ltd Filleted accounts for Companies House (small and micro)

NEXUS PROPERTY PARTNERSHIP LTD - Company Information

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COMPANY REGISTRATION NUMBER: 06868991

Nexus Property Partnership Ltd

Filleted Unaudited Financial Statements

30 April 2022

Nexus Property Partnership Ltd

Statement of Financial Position

30 April 2022

	2022	2021
Note	£	£

Current assets

Debtors	4	200	200
Investments	5	1,000	1,000
Cash at bank and in hand		5	9
		-------	-------
		1,205	1,209

Creditors: amounts falling due within one year	6	1,285	1,185
		-------	-------
Net current (liabilities)/assets		( 80)	24
		----	----
Total assets less current liabilities		( 80)	24
		----	----

Capital and reserves

Called up share capital	200	200
Profit and loss account	( 280)	( 176)
	----	----
Shareholders (deficit)/funds	( 80)	24
	----	----

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 Section 1A of 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 income and retained earnings has not been delivered.

For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 7 September 2022 , and are signed on behalf of the board by:

Mr G Manchester
Director

Company registration number: 06868991

Nexus Property Partnership Ltd

Notes to the Financial Statements

Year ended 30 April 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, RH17 7QX, West Sussex.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2022	2021
	£	£
Other debtors	200	200
	----	----

5. Investments

	2022	2021
	£	£
Investments in group undertakings	1,000	1,000
	-------	-------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	1,285	1,185
	-------	-------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2022
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr G Manchester	( 185)	( 100)	( 285)
	----	----	----

	2021
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr G Manchester	( 135)	( 50)	( 185)
	----	----	----

8. Related party transactions

The company mentioned in Note 5 is Realmove Property Services Limited, G Manchester is the sole director.