Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12457051 2022-03-01 2023-02-28 12457051 2021-03-01 2022-02-28 12457051 2023-02-28 12457051 2022-02-28 12457051 c:Director1 2022-03-01 2023-02-28 12457051 c:Director2 2022-03-01 2023-02-28 12457051 d:CurrentFinancialInstruments 2023-02-28 12457051 d:CurrentFinancialInstruments 2022-02-28 12457051 d:Non-currentFinancialInstruments 2023-02-28 12457051 d:Non-currentFinancialInstruments 2022-02-28 12457051 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12457051 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12457051 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12457051 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 12457051 d:ShareCapital 2023-02-28 12457051 d:ShareCapital 2022-02-28 12457051 d:RetainedEarningsAccumulatedLosses 2023-02-28 12457051 d:RetainedEarningsAccumulatedLosses 2022-02-28 12457051 c:FRS102 2022-03-01 2023-02-28 12457051 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12457051 c:FullAccounts 2022-03-01 2023-02-28 12457051 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 12457051










NOSFERATU PROPERTY MANAGEMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
NOSFERATU PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 12457051

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
724,915
256,044

  
724,915
256,044

Current assets
  

Debtors: amounts falling due within one year
 6 
3,752
3,879

Cash at bank
 7 
61,669
3,941

  
65,421
7,820

Creditors: amounts falling due within one year
 8 
(166,022)
(8,070)

Net current liabilities
  
 
 
(100,601)
 
 
(250)

Total assets less current liabilities
  
624,314
255,794

Creditors: amounts falling due after more than one year
 9 
(698,735)
(293,892)

  

Net liabilities
  
(74,421)
(38,098)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(74,423)
(38,100)

  
(74,421)
(38,098)


Page 1

 
NOSFERATU PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 12457051

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 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: 



Sarah Jane Kirkland
Brian Stubbs
Director
Director


Date: 9 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NOSFERATU PROPERTY MANAGEMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Nosferatu Property Management Ltd is a private company limited by shares and registered in England and Wales. Its registered office is 13 Gay Lane, Otley, England LS21 3BB. The company number is 12457051.

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

At the balance sheet date the directors were owed £262,892. All of this is repayable more than twelve months after the balance sheet date apart from £13.747. The directors are prepared to offer their  continuing support to the business in the coming year.

 
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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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 3

 
NOSFERATU PROPERTY MANAGEMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Debtors

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

 
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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are thought to be relevent. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only affects that period, or in the period of revision and future periods if the revision affects both the current and future periods.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Investment property





Freehold investment property

£



Cost or valuation


At 1 March 2022
256,044


Additions
468,871



At 28 February 2023
724,915




Page 4

 
NOSFERATU PROPERTY MANAGEMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
3,752
3,879

3,752
3,879



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
61,669
3,941

61,669
3,941



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
146,624
-

Other taxation and social security
-
1,552

Loan from directors
13,747
5,349

Accruals
5,651
1,169

166,022
8,070


Page 5

 
NOSFERATU PROPERTY MANAGEMENT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
449,590
137,071

Loan from directors
249,145
156,821

698,735
293,892


The following liabilities were secured:

2023
2022
£
£



Bank loan
449,590
137,071

449,590
137,071

Details of security provided:

The bank loans are secured on property owned by the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
176,645
125,869

Repayable other than by instalments
449,590
137,071

626,235
262,940

The loan repayable by instalments attracts interest at 5% and is repayable over 18 years.
The loan repayable other than by instalments is repayable at the end of its 20 year term. Interest is charged at 4.78%.


10.


Related party transactions

During the year interest of £7,631 was paid to the directors on loans made by them to the company.


Page 6