Abbreviated Company Accounts - NUA PROPERTIES LIMITED

NUA PROPERTIES LIMITED - Company Information

SC294572 NUA PROPERTIES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true SC294572 2013-01-01 2013-12-31 SC294572 2013-12-31 SC294572 2012-12-31 SC294572 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 SC294572 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number SC294572

NUA PROPERTIES LIMITED

Abbreviated Accounts

31 December 2013

NUA PROPERTIES LIMITED Registered Number SC294572

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	363,428	363,428
		363,428	363,428
Current assets
Debtors	3	1,544	4,193
Cash at bank and in hand		1,800	6,079
		3,344	10,272
Creditors: amounts falling due within one year	4	(3,829)	(6,753)
Net current assets (liabilities)		(485)	3,519
Total assets less current liabilities		362,943	366,947
Creditors: amounts falling due after more than one year	4	(422,386)	(424,000)
Total net assets (liabilities)		(59,443)	(57,053)
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(59,543)	(57,153)
Shareholders' funds		(59,443)	(57,053)

For the year ending 31 December 2013 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2014

And signed on their behalf by:
Mr M U Khalid, Director

NUA PROPERTIES LIMITED Registered Number SC294572

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Certain of the company's properties are held for longterm investment. Investment properties are
accounted for in accordance with the FRSSE, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually.
The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below
original cost, or its reversal, on an individual investment property is expected to be permanent, in
which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the
requirements of the Companies Act concerning the depreciation of fixed assets. However, these
properties are not held for consumption but for investment and the directors consider that
systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore
necessary for the financial statements to give a true and fair view. Depreciation or amortisation is
only one of many factors reflected in the annual valuation and the amount which might otherwise
have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 January 2013	363,428
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	363,428
Depreciation
At 1 January 2013	-
Charge for the year	-
On disposals	-
At 31 December 2013	-
Net book values
At 31 December 2013	363,428
At 31 December 2012	363,428

The Investment property class of fixed assets was revalued on 31 December 2013 by director M
U Khalid who is internal to the company. The basis of this valuation was the historical cost of the
property being that the directors do not consider this to be materially different to the market value.
This class of assets has a current value of £363,428 (2012 - £363,428) and a carrying amount at
historical cost of £363,428 (2012 - £363,428). The depreciation on this historical cost is £nil (2012
£nil). The last full valuation of Investment property was carried out on 31 December 2012.

3Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	1,544	4,193

Debtors includes £nil (2012 - £nil) receivable after more than one year.

4Creditors

	2013 £	2012 £
Secured Debts	3,829	6,753
Instalment debts due after 5 years	422,386	424,000

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

6Transactions with directors

Name of director receiving advance or credit:	Mr M U Khalid
Description of the transaction:	Directors' advances and credits
Balance at 1 January 2013:	£ 1,009
Advances or credits made:	-
Advances or credits repaid:	£ 1,009
Balance at 31 December 2013:	£ 0