Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-300false2021-05-01falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12961772 2021-05-01 2022-04-30 12961772 2020-05-01 2021-04-30 12961772 2022-04-30 12961772 2021-04-30 12961772 2020-05-01 12961772 c:Director2 2021-05-01 2022-04-30 12961772 d:FreeholdInvestmentProperty 2021-05-01 2022-04-30 12961772 d:FreeholdInvestmentProperty 2022-04-30 12961772 d:FreeholdInvestmentProperty 2 2021-05-01 2022-04-30 12961772 d:CurrentFinancialInstruments 2022-04-30 12961772 d:CurrentFinancialInstruments 2021-04-30 12961772 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 12961772 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 12961772 d:ShareCapital 2021-05-01 2022-04-30 12961772 d:ShareCapital 2022-04-30 12961772 d:ShareCapital 2020-05-01 2021-04-30 12961772 d:ShareCapital 2021-04-30 12961772 d:ShareCapital 2020-05-01 12961772 d:RevaluationReserve 2021-05-01 2022-04-30 12961772 d:RevaluationReserve 2022-04-30 12961772 d:RevaluationReserve 2021-04-30 12961772 d:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 12961772 d:RetainedEarningsAccumulatedLosses 2022-04-30 12961772 d:RetainedEarningsAccumulatedLosses 2020-05-01 2021-04-30 12961772 d:RetainedEarningsAccumulatedLosses 2021-04-30 12961772 d:RetainedEarningsAccumulatedLosses 2020-05-01 12961772 d:OtherDeferredTax 2022-04-30 12961772 d:OtherDeferredTax 2021-04-30 12961772 c:FRS102 2021-05-01 2022-04-30 12961772 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 12961772 c:FullAccounts 2021-05-01 2022-04-30 12961772 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 12961772 5 2021-05-01 2022-04-30 12961772 6 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure
Registered number: 12961772









NRDUK LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022














 
NRDUK LTD
REGISTERED NUMBER:12961772

BALANCE SHEET
AS AT 30 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
250
250

Investment property
 5 
315,000
-

  
315,250
250

Current assets
  

Cash at bank and in hand
  
8,092
-

  
8,092
-

Creditors: amounts falling due within one year
 6 
(900)
-

Net current assets
  
 
 
7,192
 
 
-

Total assets less current liabilities
  
322,442
250

Provisions for liabilities
  

Deferred tax
  
(2,128)
-

  
 
 
(2,128)
 
 
-

Net assets
  
320,314
250


Capital and reserves
  

Called up share capital 
  
250
250

Revaluation reserve
  
9,072
-

Profit and loss account
  
310,992
-

  
320,314
250


Page 1

 
NRDUK LTD
REGISTERED NUMBER:12961772
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 on 25 August 2022.




M Davis
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
NRDUK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2022


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2021
250
-
-
250


Comprehensive income for the year

Profit for the year

-
-
400,064
400,064


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
400,064
400,064

Dividends: Equity capital
-
-
(80,000)
(80,000)

Transfer to/from profit and loss account
-
9,072
(9,072)
-


Total transactions with owners
-
9,072
(89,072)
(80,000)


At 30 April 2022
250
9,072
310,992
320,314


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
NRDUK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 May 2020
250
-
250


Comprehensive income for the year

Profit for the year

-
81,000
81,000


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
81,000
81,000

Dividends: Equity capital
-
(81,000)
(81,000)


Total transactions with owners
-
(81,000)
(81,000)


At 30 April 2021
250
-
250


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

NRDUK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12961772. The registered office is S D C Self Storage Ltd Collingwood Road, West Moors, Wimborne, Dorset, BH21 6QQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 6

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.11

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.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Page 7

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.12

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 Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2021
250



At 30 April 2022
250




Page 8

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
303,800


Surplus on revaluation
11,200



At 30 April 2022
315,000

The 2022 valuations were made by the Company's Directors, based on similar sized properties in the same area, on an open market value.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
2021
£
£


Historic cost
303,800
-

303,800
-


6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Accruals and deferred income
900
-

900
-


Page 9

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

7.


Deferred taxation




2022


£






Charged to profit or loss
(2,128)



At end of year
(2,128)

The deferred taxation balance is made up as follows:

2022
2021
£
£


Unrealised gain on investment property
(2,128)
-

(2,128)
-

 
Page 10