NBB Lettings Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12306123 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2022

for

NBB Lettings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Brown

Mrs B A Brown

REGISTERED OFFICE:

Cliffe Hill House

22 - 26 Nottingham Road

Stapleford

Nottingham

Nottinghamshire

NG9 8AA

REGISTERED NUMBER:

12306123 (England and Wales)

ACCOUNTANTS:

Haines Watts

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Tangible assets

4

365

456

Investment property

5

308,000

254,115

308,365

254,571

CURRENT ASSETS

Debtors

6

1,511

1,681

Cash at bank

2,386

2,152

3,897

3,833

CREDITORS

Amounts falling due within one year

7

258,167

264,157

NET CURRENT LIABILITIES

(254,270

)

(260,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,095

(5,753

)

PROVISIONS FOR LIABILITIES

10,238

-

NET ASSETS/(LIABILITIES)

43,857

(5,753

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

43,855

(5,755

)

SHAREHOLDERS' FUNDS

43,857

(5,753

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 6 April 2023 and were signed on its behalf by:

N A Brown - Director

1.	STATUTORY INFORMATION

NBB Lettings Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment properties are shown at their open market value. Any surplus or deficit arising from the annual revaluation is transferred to the Statement of Comprehensive Income.

This is in accordance with FRS 102 1A which, unlike Part 15 to the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair value.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2021

and 30 November 2022

570

DEPRECIATION

At 1 December 2021

114

Charge for year

91

At 30 November 2022

205

NET BOOK VALUE

At 30 November 2022

365

At 30 November 2021

456

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2021

254,115

Revaluations

53,885

At 30 November 2022

308,000

NET BOOK VALUE

At 30 November 2022

308,000

At 30 November 2021

254,115

Fair value at 30 November 2022 is represented by:

£

Valuation in 2022

53,885

Cost

254,115

308,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Other debtors

1,511

1,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Other creditors

258,167

264,157

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.22

30.11.21

value:

£

£

2

Ordinary

£1

2

2