Accounts filed on 30-09-2020

Accounts filed on 30-09-2020

NEST PROPERTIES (LEICESTER) LIMITED - Company Information

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Registered number: 10359005
NEST PROPERTIES (LEICESTER) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Prepared By:
LakhaniCo
Chartered Accountants
25 Station Road, Desford
LEICESTER
Leics
LE9 9FN
NEST PROPERTIES (LEICESTER) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
DIRECTORS
P Singh
Mrs J K Sandhu
REGISTERED OFFICE
105 Stoughton Road
Oadby
LEICESTER
LE2 4FR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10359005
ACCOUNTANTS
LakhaniCo
Chartered Accountants
25 Station Road, Desford
LEICESTER
Leics
LE9 9FN
NEST PROPERTIES (LEICESTER) LIMITED
ACCOUNTS
FOR THEYEARENDED30 SEPTEMBER 2020
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
NEST PROPERTIES (LEICESTER) LIMITED
BALANCE SHEET AT 30 September 2020
20202019
Notes££
FIXED ASSETS
Tangible assets32,742,7102,742,710
Investment Assets42020
2,742,7302,742,730
CURRENT ASSETS
Debtors51,262853,196
Cash at bank and in hand1,110,00336,653
1,111,265889,849
CREDITORS: Amounts falling due within one year62,057,4811,727,923
NET CURRENT LIABILITIES(946,216)(838,074)
TOTAL ASSETS LESS CURRENT LIABILITIES1,796,5141,904,656
CREDITORS: Amounts falling due after more than one year7296,631522,121
NET ASSETS1,499,8831,382,535
CAPITAL AND RESERVES
Called up share capital8120120
Share premium account91,199,0081,199,008
Profit and loss account300,755183,407
SHAREHOLDERS' FUNDS1,499,8831,382,535
For the year ending 30 September 2020 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24 June 2021 and signed on their behalf by
.............................
P Singh
Director
NEST PROPERTIES (LEICESTER) LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20202019
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 1 October 20192,742,7102,742,710
At 30 September 20202,742,7102,742,710
Depreciation
At 30 September 2020--
Net Book Amounts
At 30 September 20202,742,7102,742,710
At 30 September 20192,742,7102,742,710
NEST PROPERTIES (LEICESTER) LIMITED
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 October 20192020
At 30 September 20202020
Amortisation
Net Book Amounts
At 30 September 20202020
At 30 September 20192020
5. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors-850,000
VAT1,2623,196
1,262853,196
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax50,98780,083
Directors current account1,473,2761,364,960
Bank Loan24,00022,000
Other Loans250,000-
Trade creditors-30
Accruals2,5002,000
Amounts due to group companies256,718258,850
2,057,4811,727,923
NEST PROPERTIES (LEICESTER) LIMITED
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20202019
££
Bank loans (unsecured) >1yr50,000-
Bank loans (secured) >1yr246,631522,121
296,631522,121
8. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
120 Class 1 shares of £1 each120120
120120
9. SHARE PREMIUM ACCOUNT 20202019
££
Share premium account1,199,0081,199,008