Nadav Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04571111 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

NADAV LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Aslan

R Aslan

M J Aslan

SECRETARY:

R Aslan

REGISTERED OFFICE:

29 Windmere Road

Muswell Hill

London

N10 2RD

REGISTERED NUMBER:

04571111 (England and Wales)

ACCOUNTANTS:

Galloways Accounting

Atlas Chambers

33 West Street

Brighton

East Sussex

BN1 2RE

FIXED ASSETS

Investment property

4

1,120,000

1,120,000

CURRENT ASSETS

Cash at bank

79,564

74,382

CREDITORS

Amounts falling due within one year

5

74,206

88,937

NET CURRENT ASSETS/(LIABILITIES)

5,358

(14,555

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,125,358

1,105,445

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

1,125,346

1,105,433

SHAREHOLDERS' FUNDS

1,125,358

1,105,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2021 and were signed on its behalf by:

T Aslan - Director

1.	STATUTORY INFORMATION

Nadav 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises rental income receivable.

Investment property

Investment property is initially recognised at cost and annually adjusted to its market value. Any aggregate

surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or 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.

Going concern

The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3.

EMPLOYEES

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

1,120,000

NET BOOK VALUE

At 31 March 2021

1,120,000

At 31 March 2020

1,120,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2021

2020

£

£

Cost

1,199,701

1,199,701

The investment property was valued on an open market basis on 31 March 2020 by the directors.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

1,500

Tax

4,671

3,226

Other creditors

4,642

4,642

Directors' current accounts

63,304

78,070

Accruals and deferred income

1,589

1,499

74,206

88,937