Nirvana Estates Limited - Accounts to registrar (filleted) - small 23.1.2

Nirvana Estates Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 09674633 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

NIRVANA ESTATES LIMITED

NIRVANA ESTATES LIMITED (REGISTERED NUMBER: 09674633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIRVANA ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTORS: Mr J Paschali
Mr R G Kilikita





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09674633 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

NIRVANA ESTATES LIMITED (REGISTERED NUMBER: 09674633)

BALANCE SHEET
31 JULY 2022

31.7.22 31.7.21
Notes £    £   
CURRENT ASSETS
Stocks 4 993,825 2,917,769
Cash at bank and in hand 765,734 53,638
1,759,559 2,971,407
CREDITORS
Amounts falling due within one year 5 596,369 701,276
NET CURRENT ASSETS 1,163,190 2,270,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163,190

2,270,131

CREDITORS
Amounts falling due after more than one
year

6

495,009

1,825,009
NET ASSETS 668,181 445,122

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 668,081 445,022
SHAREHOLDERS' FUNDS 668,181 445,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

NIRVANA ESTATES LIMITED (REGISTERED NUMBER: 09674633)

BALANCE SHEET - continued
31 JULY 2022


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 11 April 2023 and were signed on its behalf by:





Mr J Paschali - Director


NIRVANA ESTATES LIMITED (REGISTERED NUMBER: 09674633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022


1. STATUTORY INFORMATION

Nirvana Estates 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.

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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
31.7.22 31.7.21
£    £   
Work-in-progress 993,825 2,917,769

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade creditors 2,160 1,849
Tax 52,322 18,540
Amounts due to related party 538,887 678,887
Accrued expenses 3,000 2,000
596,369 701,276

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bank loans (see note 7) 495,009 1,825,009

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 495,009 1,825,009

NIRVANA ESTATES LIMITED (REGISTERED NUMBER: 09674633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


7. LOANS

An analysis of the maturity of loans is given below:

31.7.22 31.7.21
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 495,009 1,825,009

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.22 31.7.21
value: £    £   
100 Ordinary 1 100 100