Company Registration No. 02813093 (England and Wales)
NOLAN'S PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2017
NOLAN'S PROPERTIES LIMITED
Unaudited accounts
Contents
NOLAN'S PROPERTIES LIMITED
Company Information
for the year ended 31 March 2017
Company Number
02813093 (England and Wales)
Registered Office
HOLLYMEADE
CLYDESDALE ROAD
BRAINTREE
ESSEX
CM7 2NX
ENGLAND
NOLAN'S PROPERTIES LIMITED
Statement of financial position
as at 31 March 2017
Tangible assets
2,866,041
1,757,302
Cash at bank and in hand
105,003
80,678
Creditors: amounts falling due within one year
(2,299,191)
(1,220,872)
Net current liabilities
(2,188,482)
(1,140,194)
Net assets
677,559
617,108
Called up share capital
100
100
Profit and loss account
677,459
617,008
Shareholders' funds
677,559
617,108
For the year ending 31 March 2017 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 director acknowledges his 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.
Approved by the Board on 30 December 2017.
DARREN NOLAN
Director
Company Registration No. 02813093
NOLAN'S PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2017
NOLAN'S PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02813093. The registered office is HOLLYMEADE, CLYDESDALE ROAD, BRAINTREE, ESSEX, CM7 2NX, ENGLAND.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18 per cent
NOLAN'S PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
1,757,264
2,086
1,759,350
Additions
1,108,777
-
1,108,777
At 31 March 2017
2,866,041
2,086
2,868,127
At 1 April 2016
-
2,048
2,048
Charge for the year
-
38
38
At 31 March 2017
-
2,086
2,086
At 31 March 2017
2,866,041
-
2,866,041
At 31 March 2016
1,757,264
38
1,757,302
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
1,572,345
692,204
Taxes and social security
17,794
17,799
Other creditors
64,738
74,065
Loans from directors
644,314
436,804
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
