Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true0falsetrue0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-01No description of principal activity 02789704 2022-03-01 2023-02-28 02789704 2021-03-01 2022-02-28 02789704 2023-02-28 02789704 2022-02-28 02789704 c:Director1 2022-03-01 2023-02-28 02789704 d:Buildings 2022-03-01 2023-02-28 02789704 d:Buildings 2023-02-28 02789704 d:Buildings 2022-02-28 02789704 d:CurrentFinancialInstruments 2023-02-28 02789704 d:CurrentFinancialInstruments 2022-02-28 02789704 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 02789704 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 02789704 d:ShareCapital 2023-02-28 02789704 d:ShareCapital 2022-02-28 02789704 d:SharePremium 2023-02-28 02789704 d:SharePremium 2022-02-28 02789704 d:RetainedEarningsAccumulatedLosses 2023-02-28 02789704 d:RetainedEarningsAccumulatedLosses 2022-02-28 02789704 c:FRS102 2022-03-01 2023-02-28 02789704 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 02789704 c:FullAccounts 2022-03-01 2023-02-28 02789704 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 02789704










NYEWOOD INDUSTRIAL ESTATE MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
NYEWOOD INDUSTRIAL ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER:02789704

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,745
1,745

Current assets
  

Debtors: amounts falling due within one year
 5 
1,700
615

Cash at bank and in hand
  
9,430
10,335

  
11,130
10,950

Creditors: amounts falling due within one year
 6 
(926)
(1,795)

Net current assets
  
 
 
10,204
 
 
9,155

  

Net assets
  
11,949
10,900


Capital and reserves
  

Called up share capital 
  
999
999

Share premium account
  
1,998
1,998

Profit and loss account
  
8,952
7,903

  
11,949
10,900


Page 1

 
NYEWOOD INDUSTRIAL ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER:02789704
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers 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 director acknowledges his 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 by: 






T C Forster
Director

Date: 3 October 2023

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

Page 2

 
NYEWOOD INDUSTRIAL ESTATE MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Nyewood Industrial Estate Management Limited (02789704) is a private company limited by shares and incorporated in England. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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

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.

 
2.3

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.4

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.

Page 3

 
NYEWOOD INDUSTRIAL ESTATE MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
not provided for

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 4

 
NYEWOOD INDUSTRIAL ESTATE MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 March 2022
1,745



At 28 February 2023

1,745






Net book value



At 28 February 2023
1,745



At 28 February 2022
1,745


5.


Debtors

2023
2022
£
£


Trade debtors
1,085
-

Prepayments and accrued income
615
615

1,700
615



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
35

Corporation tax
126
-

Accruals and deferred income
800
1,760

926
1,795



7.


Ultimate parent undertaking and controlling party

Throughout the year the company was under the joint control of T C Forster and C S Forster.

 
Page 5