N & S Property Investments Limited - Accounts to registrar (filleted) - small 18.1
N & S Property Investments Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| N & S PROPERTY INVESTMENTS LIMITED |
| N & S PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06275502) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| N & S PROPERTY INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 JUNE 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| 155 Wellingborough Road |
| Rushden |
| Northamptonshire |
| NN10 9TB |
| N & S PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06275502) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Fair value reserve | 8 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| N & S PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06275502) |
| BALANCE SHEET - continued |
| 30 JUNE 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| N & S PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06275502) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| N & S Property Investments Limited is a |
| 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 |
| Turnover |
| Turnover represents net invoiced supply of services, excluding value added tax. None relates to exports. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| No depreciation is provided for the company's properties, |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| N & S PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06275502) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 JUNE 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Long | and |
| property | leasehold | fittings | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2016 |
| Additions |
| Revaluations |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Cost or valuation at 30 June 2017 is represented by: |
| Fixtures |
| Freehold | Long | and |
| property | leasehold | fittings | Totals |
| £ | £ | £ | £ |
| Valuation in 2012 | 4,982 | 101,043 | - | 106,025 |
| Valuation in 2013 | - | 40,000 | - | 40,000 |
| Valuation in 2015 | - | 160,000 | - | 160,000 |
| Valuation in 2017 | 24,000 | 130,000 | - | 154,000 |
| Cost | 121,018 | 648,957 | 11,888 | 781,863 |
| 150,000 | 1,080,000 | 11,888 | 1,241,888 |
| If freehold property & leaseholds had not been revalued they would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 769,975 | 769,975 |
| Freehold property & leaseholds were valued on an open market basis on 30 June 2017 by the directors . |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| N & S PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06275502) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 JUNE 2017 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Other loans more 5yrs non-inst |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2016 | ( |
) | 218,648 |
| Profit for the year |
| Revaluations in year | (127,820 | ) | - | (127,820 | ) |
| Transfer to fair value reserve | - | 127,820 | 127,820 |
| At 30 June 2017 | ( |
) | 352,976 |
| 9. | PROPERTY PURCHASES |
| The company's directors are providing personal guarantees to cover all mortgages and other liabilities relating to the |
| purchase of the company properties. |