Company Registration No. 07319836 (England and Wales)
Nimbus Property Developments Ltd
Unaudited accounts
for the year ended 31 July 2022
Nimbus Property Developments Ltd
Unaudited accounts
Contents
Nimbus Property Developments Ltd
Company Information
for the year ended 31 July 2022
Directors
Mark Edwards
Rebecca Hopkins
Company Number
07319836 (England and Wales)
Registered Office
WINTON HOUSE
WINTON SQUARE
BASINGSTOKE
RG21 8EN
United Kingdom
Accountants
Cranleys Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
Nimbus Property Developments Ltd
Statement of financial position
as at 31 July 2022
Tangible assets
10,301
7,771
Inventories
860,819
704,010
Cash at bank and in hand
60,031
18,930
Creditors: amounts falling due within one year
(1,199,724)
(946,846)
Net current liabilities
(278,874)
(223,906)
Total assets less current liabilities
(268,573)
(216,135)
Creditors: amounts falling due after more than one year
(42,476)
(49,215)
Net liabilities
(311,049)
(265,350)
Called up share capital
100
100
Profit and loss account
(311,149)
(265,450)
Shareholders' funds
(311,049)
(265,350)
For the year ending 31 July 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2023 and were signed on its behalf by
Mark Edwards
Director
Company Registration No. 07319836
Nimbus Property Developments Ltd
Notes to the Accounts
for the year ended 31 July 2022
Nimbus Property Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 07319836. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, RG21 8EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Nimbus Property Developments Ltd
Notes to the Accounts
for the year ended 31 July 2022
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
346,505
199,281
Taxes and social security
(637)
(637)
Loans from directors
852,008
746,389
6
Creditors: amounts falling due after more than one year
2022
2021
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).
