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Registered number: 7282488
NST PROPERTY SERVICES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
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NST PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 7282488
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ABBREVIATED BALANCE SHEET
AS AT 30 SEPTEMBER 2014
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CREDITORS: amounts falling due within one year
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NET CURRENT ASSETS/(LIABILITIES)
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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SHAREHOLDERS' FUNDS/(DEFICIT)
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Page 1
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NST PROPERTY SERVICES LIMITED
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ABBREVIATED BALANCE SHEET (continued)
AS AT 30 SEPTEMBER 2014
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 25 November 2014.
The notes on pages 3 to 5 form part of these financial statements.
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NST PROPERTY SERVICES LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Intangible fixed assets and amortisation
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Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.
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Amortisation is provided at the following rates:
 
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.
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Page 3
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NST PROPERTY SERVICES LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
2.INTANGIBLE FIXED ASSETS
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At 1 October 2013 and 30 September 2014
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3.TANGIBLE FIXED ASSETS
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At 1 October 2013 and 30 September 2014
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4.INVESTMENT PROPERTY
Page 4
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NST PROPERTY SERVICES LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
5.SHARE CAPITAL
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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6.RELATED PARTY TRANSACTIONS
The director Mr N W Turck, is also a director and shareholder in Snap Properties Limited. At the year end an amount of £7,000 (2013 - £(147,936)) was due from Snap Properties Limited and included in other debtors.
During the prior year the company was granted a rent free period from Snap Properties Limited. This ended in March 2014.
 
The directors S E Turck and N W Turck are also directors and shareholders of Farm Care UK Ltd. At the year end an amount of £ 32,000 (2013 - £(46,000)) was due from Farm Care UK Ltd and included in other debtors.
Included within other debtors is a loan to Mr and Mrs Turck for £211,408. Interest has been charged on the loan at the official rate set by H.M. Revenue & Customs.
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