Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true172022-04-01falseNo description of principal activity15true 02997986 2022-04-01 2023-03-31 02997986 2021-04-01 2022-03-31 02997986 2023-03-31 02997986 2022-03-31 02997986 c:Director2 2022-04-01 2023-03-31 02997986 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 02997986 d:FurnitureFittings 2022-04-01 2023-03-31 02997986 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 02997986 d:OtherPropertyPlantEquipment 2023-03-31 02997986 d:OtherPropertyPlantEquipment 2022-03-31 02997986 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02997986 d:CurrentFinancialInstruments 2023-03-31 02997986 d:CurrentFinancialInstruments 2022-03-31 02997986 d:Non-currentFinancialInstruments 2023-03-31 02997986 d:Non-currentFinancialInstruments 2022-03-31 02997986 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02997986 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02997986 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02997986 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02997986 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 02997986 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 02997986 d:ShareCapital 2023-03-31 02997986 d:ShareCapital 2022-03-31 02997986 d:RetainedEarningsAccumulatedLosses 2023-03-31 02997986 d:RetainedEarningsAccumulatedLosses 2022-03-31 02997986 c:FRS102 2022-04-01 2023-03-31 02997986 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02997986 c:FullAccounts 2022-04-01 2023-03-31 02997986 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02997986 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02997986









NICK DEYONG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
NICK DEYONG LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 8


 
NICK DEYONG LIMITED
REGISTERED NUMBER: 02997986

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
  
33,566
40,702

Investments
 5 
474,000
74,000

  
507,566
114,702

Current assets
  

Debtors: amounts falling due within one year
 6 
448,848
1,210,514

Cash at bank and in hand
  
987,076
1,157,493

  
1,435,924
2,368,007

Creditors: amounts falling due within one year
 7 
(1,316,920)
(1,959,749)

Net current assets
  
 
 
119,004
 
 
408,258

Total assets less current liabilities
  
626,570
522,960

Creditors: amounts falling due after more than one year
 8 
(173,274)
(183,496)

  

Net assets
  
453,296
339,464


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
403,296
289,464

  
453,296
339,464


Page 1

 
NICK DEYONG LIMITED
REGISTERED NUMBER: 02997986
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 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 29 September 2023.








S A Deyong
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NICK DEYONG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Nick Deyong Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 
The address of its principal place of business is Unit 12, Deane House Studios, Greenwood Place, London, NW5 1LB. 

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

Going concern

The financial statements have been prepared on the going concern basis. The entity is currently operating at a strong net asset position, and has the support of subsidiaries wholly owned and within the group.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

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 value added tax.
The company's activity is centred around providing television production services and is recognised when the significant risks and rewards of ownership of the services are transferred to the buyer and the amount of revenue can be measured reliably. 

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
NICK DEYONG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in the statement of comprehensive income, 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 reporting date in the country where the company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
20%
straight line
Fixtures, fittings & equipment
-
20%
straight line
Aircraft
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment. 

Page 4

 
NICK DEYONG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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. 

 
2.12

Creditors

Short term creditors are measured at the transaction price. 

 
2.13

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.14

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 15).

Page 5

 
NICK DEYONG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures, fittings & equipment

£



Cost or valuation


At 1 April 2022
193,078


Additions
5,791



At 31 March 2023

198,869



Depreciation


At 1 April 2022
152,376


Charge for the year on owned assets
12,927



At 31 March 2023

165,303



Net book value



At 31 March 2023
33,566



At 31 March 2022
40,702


5.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 April 2022
51,000
23,000
74,000


Additions
400,000
-
400,000



At 31 March 2023

451,000
23,000
474,000




Page 6

 
NICK DEYONG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
325,521
358,386

Amounts owed by group undertakings
34,157
521,888

Other debtors
66,778
134,575

Prepayments and accrued income
22,392
195,665

448,848
1,210,514



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,812
-

Bank loans
9,931
9,394

Trade creditors
75,752
54,384

Amounts owed to group undertakings
156,510
18,449

Other taxation and social security
59,072
92,785

Other creditors
25,203
108,894

Accruals and deferred income
988,640
1,675,843

1,316,920
1,959,749



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,274
33,496

Other loans
150,000
150,000

173,274
183,496


Page 7

 
NICK DEYONG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,931
9,394

Amounts falling due 1-2 years

Bank loans
23,274
33,496

Other loans
150,000
150,000



183,205
192,890



10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £16,312 (2022: £15.045). Contributions totalling £nil (2022: £nil) were payable to the funds at the reporting date.


11.


Related party transactions

The company also owed £156,510 (2022: £18,449) to NDL Travel Limited, a subsidiary undertaking of the company. 
At year end, the company was owed £34,157 (2022: £521,888) by Promotigo Limited, a company where N J Deyong and S A Deyong are directors. During the year a management charge was charged by the
company to Promotigo amounting to £51,320 (2022: £71,316).
At year end, the company was owed £Nil (2022: £13,294) by Code String Limited, a company where N J
Deyong and S A Deyong are directors.
At year end, the company was owed £1,033 (2022: £1,033) by Harper Deyong, a company where N J
Deyong is a director.
At year end, the company owed £150,000 (2022: £150,000) to S A Deyong, a director of the company.
At year end N J Deyong owed £43,267 (2022: £36,558) to the company. 


12.


Controlling party

The ultimate controlling party is Mr N J Deyong.

 
Page 8