0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-11 Sage Accounts Production Advanced 2023 - FRS102_2023 10,958 10,958 10,958 xbrli:pure xbrli:shares iso4217:GBP 13910496 2022-11-11 2023-02-28 13910496 2023-02-28 13910496 2022-11-10 13910496 bus:Director2 2022-11-11 2023-02-28 13910496 core:WithinOneYear 2023-02-28 13910496 core:ShareCapital 2023-02-28 13910496 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-02-28 13910496 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 13910496 core:Non-currentFinancialInstruments 2023-02-28 13910496 bus:SmallEntities 2022-11-11 2023-02-28 13910496 bus:AuditExemptWithAccountantsReport 2022-11-11 2023-02-28 13910496 bus:SmallCompaniesRegimeForAccounts 2022-11-11 2023-02-28 13910496 bus:PrivateLimitedCompanyLtd 2022-11-11 2023-02-28 13910496 bus:FullAccounts 2022-11-11 2023-02-28
COMPANY REGISTRATION NUMBER: 13910496
NS-MC Holdings Ltd
Filleted Unaudited Financial Statements
28 February 2023
NS-MC Holdings Ltd
Statement of Financial Position
28 February 2023
28 Feb 23
Note
£
£
Fixed assets
Investments
4
10,958
Creditors: amounts falling due within one year
5
10,956
--------
Net current liabilities
10,956
--------
Total assets less current liabilities
2
----
Capital and reserves
Called up share capital
2
----
Shareholders funds
2
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 November 2023 , and are signed on behalf of the board by:
DR G Saxty
Director
Company registration number: 13910496
NS-MC Holdings Ltd
Notes to the Financial Statements
Period from 11 November 2022 to 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11A Bosserts Way, Highfields, Caldecote, Cambridge, CB23 7PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in joint ventures
The Company owns 48% of a German Start up company. As yet no accounting information is available as the investment was only made in early 2023
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Shares in participating interests
£
Cost
At 11 November 2022
Additions
10,958
--------
At 28 February 2023
10,958
--------
Impairment
At 11 November 2022 and 28 February 2023
--------
Carrying amount
At 28 February 2023
10,958
--------
5. Creditors: amounts falling due within one year
28 Feb 23
£
Other creditors
10,956
--------