Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activitytrue2022-04-01falsefalse22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06549006 2022-04-01 2023-03-31 06549006 2021-04-01 2022-03-31 06549006 2023-03-31 06549006 2022-03-31 06549006 c:Director1 2022-04-01 2023-03-31 06549006 d:CurrentFinancialInstruments 2023-03-31 06549006 d:CurrentFinancialInstruments 2022-03-31 06549006 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06549006 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06549006 d:ShareCapital 2023-03-31 06549006 d:ShareCapital 2022-03-31 06549006 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06549006 d:RetainedEarningsAccumulatedLosses 2023-03-31 06549006 d:RetainedEarningsAccumulatedLosses 2022-03-31 06549006 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06549006 c:OrdinaryShareClass1 2023-03-31 06549006 c:OrdinaryShareClass1 2022-03-31 06549006 c:FRS102 2022-04-01 2023-03-31 06549006 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06549006 c:FullAccounts 2022-04-01 2023-03-31 06549006 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06549006










NUTHATCH PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
NUTHATCH PROPERTIES LTD
REGISTERED NUMBER:06549006

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
20,000
20,000

  
20,000
20,000

Creditors: amounts falling due within one year
 5 
(45,996)
(45,413)

Net current liabilities
  
 
 
(25,996)
 
 
(25,413)

Total assets less current liabilities
  
(25,996)
(25,413)

  

Net liabilities
  
(25,996)
(25,413)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
 7 
(26,096)
(25,513)

  
(25,996)
(25,413)


Page 1

 
NUTHATCH PROPERTIES LTD
REGISTERED NUMBER:06549006
    
BALANCE SHEET (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 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 on 2 November 2023.




V Hollis
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NUTHATCH PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Nuthatch Properties Ltd, 06549006, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Garth, Van, Llanidloes, Powys, SY18 6NN.
The principal activity of the company is property development.

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 accounts are prepared on a going concern basis, assuming the continued support of the directors.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
NUTHATCH PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 


4.


Employees

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


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
33,426
32,753

Accruals and deferred income
12,570
12,660

45,996
45,413



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 4

 
NUTHATCH PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the company since incorporation less distributions made to shareholders.

 
Page 5