Nynd Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07816189 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2016 TO 30 APRIL 2018

FOR

NYND PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S E Jeffs

J A Nind

SECRETARY:

S E Jeffs

REGISTERED OFFICE:

7 The Meadows

Portsmouth Road

Guildford

Surrey

GU2 4DT

REGISTERED NUMBER:

07816189 (England and Wales)

ACCOUNTANTS:

Traviss & Co

Chartered Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX

FIXED ASSETS

Tangible assets

4

747

128

CURRENT ASSETS

Stocks

-

1,136,384

Cash at bank

47,105

3,187

47,105

1,139,571

CREDITORS

Amounts falling due within one year

5

12,120

11,241

NET CURRENT ASSETS

34,985

1,128,330

TOTAL ASSETS LESS CURRENT LIABILITIES

35,732

1,128,458

CREDITORS

Amounts falling due after more than one year

6

-

1,082,862

NET ASSETS

35,732

45,596

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

35,726

45,590

SHAREHOLDERS' FUNDS

35,732

45,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 11 September 2018 and were signed on its behalf by:

J A Nind - Director

1.	STATUTORY INFORMATION

Nynd Properties Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of property developments which have been contracted for sale in the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

30% on reducing balance

Work in progress

The carrying value of work in progress is the lower of cost or net realisable value on developments owned. Cost

includes all construction and related costs, legal and professional, bank, finance fees, site inspections and loan

interest.

Taxation

Taxation for the period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

535

Additions

1,367

At 30 April 2018

1,902

DEPRECIATION

At 1 November 2016

407

Charge for period

748

At 30 April 2018

1,155

NET BOOK VALUE

At 30 April 2018

747

At 31 October 2016

128

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Other creditors

12,120

11,241

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2016

£

£

Bank loans

-

590,452

Other creditors

-

492,410

-

1,082,862

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2016

£

£

Bank loans

-

590,452