Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31No description of principal activitytruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-04-0133true 04219042 2021-03-31 04219042 2021-04-01 2022-03-31 04219042 2020-04-01 2021-03-31 04219042 2022-03-31 04219042 c:Director1 2021-04-01 2022-03-31 04219042 d:CurrentFinancialInstruments 2022-03-31 04219042 d:CurrentFinancialInstruments 2021-03-31 04219042 c:FRS102 2021-04-01 2022-03-31 04219042 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 04219042 c:FullAccounts 2021-04-01 2022-03-31 04219042 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04219042 6 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 04219042










NGONG TEA HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022



 
NGONG TEA HOLDINGS LIMITED
REGISTERED NUMBER: 04219042

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
712,801
712,801

  
712,801
712,801

Creditors: amounts falling due within one year
 5 
(1)
(1)

Net current liabilities
  
 
 
(1)
 
 
(1)

Total assets less current liabilities
  
712,800
712,800

Net assets excluding pension asset
  
712,800
712,800

Net assets
  
712,800
712,800


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
712,799
712,799

  
712,800
712,800


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Magor
Director

Date: 25 August 2022

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
NGONG TEA HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Ngong Tea Holdings Limited is a private company, limited by share capital and incorporated in England and Wales.  
The company's registered office is Fawdon Farm, Powburn, Nr Alnwick, Northumberland, NE66 5RF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 2

 
NGONG TEA HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2021
712,801



At 31 March 2022
712,801


5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
1
1

1
1



6.


Controlling party

The ultimate parent is Ngong Tea Ltd, a company registered in England and Wales. The controlling party is the intermediate parent, George Williamson & Co. Limited, a company registered in England and Wales.
 
Consolidated financial statements are not prepared for the group headed by Ngong Tea Ltd as it is considered that the group of companies over which Ngong Tea Ltd excercises significant influence or control comprises a small group.


Page 3