NHAC Properties Limited - Limited company - abbreviated - 11.6

NHAC Properties Limited - Limited company - abbreviated - 11.6

NHAC PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03998098 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

NHAC PROPERTIES LIMITED

NHAC PROPERTIES LIMITED (REGISTERED NUMBER: 03998098)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

NHAC PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2014







DIRECTOR: Mr D McHugh



REGISTERED OFFICE: 139 Watling Street
Gillingham
Kent
ME7 2YY



REGISTERED NUMBER: 03998098 (England and Wales)



ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY



BANKERS: The Royal Bank Of Scotland
78 Notting Hill Gate
London
W11 3HS
Page 1
NHAC PROPERTIES LIMITED (REGISTERED NUMBER: 03998098)

ABBREVIATED BALANCE SHEET
31 JULY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,315,930 2,076,104
Investments 3 50 50
2,315,980 2,076,154

CURRENT ASSETS
Debtors - 700
Cash at bank and in hand 7,404 5,863
7,404 6,563
CREDITORS
Amounts falling due within one year 393,174 385,091
NET CURRENT LIABILITIES (385,770 ) (378,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,930,210
1,697,626

CREDITORS
Amounts falling due after more than one year 4 1,550,995 1,598,373
NET ASSETS 379,215 99,253

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 379,115 99,153
SHAREHOLDERS' FUNDS 379,215 99,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
NHAC PROPERTIES LIMITED (REGISTERED NUMBER: 03998098)

ABBREVIATED BALANCE SHEET - continued
31 JULY 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 19 December 2014 and were signed by:





Mr D McHugh - Director


The notes form part of these abbreviated accounts

Page 3
NHAC PROPERTIES LIMITED (REGISTERED NUMBER: 03998098)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and are in accordance with
applicable accounting standards.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

Freehold property - Not provided
Improvements to property - 2% on cost

No depreciation is charged on freehold property as, in the director's opinion, the properties are appreciating in
value and hence any depreciation charge would not be appropriate.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2013 2,115,629
Additions 248,944
At 31 July 2014 2,364,573
DEPRECIATION
At 1 August 2013 39,525
Charge for year 9,118
At 31 July 2014 48,643
NET BOOK VALUE
At 31 July 2014 2,315,930
At 31 July 2013 2,076,104

Page 4 continued...
NHAC PROPERTIES LIMITED (REGISTERED NUMBER: 03998098)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2014

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 August 2013
and 31 July 2014 50
NET BOOK VALUE
At 31 July 2014 50
At 31 July 2013 50

4. CREDITORS

Creditors include the following debts falling due in more than five years:

2014 2013
£    £   
Repayable otherwise than by instalments 1,550,995 1,598,373

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr D McHugh paid rent of £15,600 (2013: £15,600) to the company during the year in respect of an apartment
that he occupies and which is owned by the company.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D McHugh.


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