Caseware UK (AP4) 2022.0.179 2022.0.179 truefalse42022-04-01No description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04283234 2022-04-01 2023-03-31 04283234 2021-04-01 2022-03-31 04283234 2023-03-31 04283234 2022-03-31 04283234 c:Director3 2022-04-01 2023-03-31 04283234 d:CurrentFinancialInstruments 2023-03-31 04283234 d:CurrentFinancialInstruments 2022-03-31 04283234 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04283234 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04283234 d:ShareCapital 2023-03-31 04283234 d:ShareCapital 2022-03-31 04283234 d:RetainedEarningsAccumulatedLosses 2023-03-31 04283234 d:RetainedEarningsAccumulatedLosses 2022-03-31 04283234 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04283234 c:OrdinaryShareClass1 2023-03-31 04283234 c:OrdinaryShareClass1 2022-03-31 04283234 c:FRS102 2022-04-01 2023-03-31 04283234 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04283234 c:FullAccounts 2022-04-01 2023-03-31 04283234 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04283234 d:WithinOneYear 2023-03-31 04283234 d:WithinOneYear 2022-03-31 04283234 d:BetweenOneFiveYears 2023-03-31 04283234 d:BetweenOneFiveYears 2022-03-31 04283234 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04283234










NBV PROPERTY MANAGEMENT LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
NBV PROPERTY MANAGEMENT LIMITED
Registered number: 04283234

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
169,436
168,409

Cash at bank and in hand
  
2,038
28,696

  
171,474
197,105

Creditors: amounts falling due within one year
 5 
(384,525)
(396,724)

Net current liabilities
  
 
 
(213,051)
 
 
(199,619)

Total assets less current liabilities
  
(213,051)
(199,619)

  

Net liabilities
  
(213,051)
(199,619)


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
(213,053)
(199,621)

  
(213,051)
(199,619)


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 by: 




................................................
L M Connellan
Director

Date: 2 February 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
NBV PROPERTY MANAGEMENT LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

1.


General information

NBV Property Management Limited is a private company limited by shares and incorporated in the United Kingdom. The address of the registered office is given in the company information of these financial statements and this is also the place of business. The company's registration number is 04283234. NBV Property Management Limited and its 100% parent are owned and managed as an informal 'Group' (the Quasi-Group) with Norfolk and Waveney Enterprise Services (company registration number 01633258) and its 100% subsidiary NWES Property Services Limited (company registration number 05361073). The two parent companies in the Quasi-Group are both Limited by Guarantee and share the same Members. The Board of directors for all four companies in the Quasi-Group is identical.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention modified to include items at fair value and in accordance with Financial Reporting Standard 102 Section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and have been rounded to the nearest £1. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Directors believe the company's financial statements should be prepared on a going concern basis and have considered a period of twelve months from the date of approval of these financial statements.
The company is dependent upon the financial support of its parent company, NBV Enterprise Solutions Limited and the group’s bankers, to support working capital requirements. The financial situation of the parent company is described in its financial statements.
Having prepared detailed cash flow forecasts, the Directors are confident that the company can trade as a going concern as long as it continues to receive the financial support of its parent company.

 
2.3

Turnover

Turnover represents amounts chargeable in respect of the provision of management services to tenants and is recognised on an accruals basis so as to match the revenue earned to the period in which the services were provided. 

 
2.4

Operating leases: Lessee

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

 
2.5

Short term debtors and creditors

Debtors and creditors with no stated interest rate or that are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in the administrative expenses.

Page 2

 
NBV PROPERTY MANAGEMENT LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash in hand and short term deposits with an original maturity date of three months or less.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit or loss account in the period that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).


4.


Debtors

2023
2022
£
£


Trade debtors
-
505

Amounts owed by joint ventures and associated undertakings
94,831
88,823

Other debtors
-
35

Prepayments and accrued income
74,605
79,046

169,436
168,409



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
102,313
101,975

Amounts owed to group undertakings
206,951
232,552

Other taxation and social security
36
-

Accruals and deferred income
75,225
62,197

384,525
396,724


Page 3

 
NBV PROPERTY MANAGEMENT LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



7.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
296,163
296,163

Later than 1 year and not later than 5 years
320,843
617,006

617,006
913,169


8.


Rent receviable under operating leases

At 31 March 2023 the Company had future minimum lease receipts due under non-cancellable operating leases for each of the following periods:


2023
2022
£
£



Not later than 1 year
296,163
296,163

Later than 1 year and not later than 5 years
320,843
617,006

617,006
913,169

Page 4

 
NBV PROPERTY MANAGEMENT LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

9.


Related party transactions

During the year, NBV Property Management Limited had a number of related party transactions. However, as all transactions were immaterial and/or conducted under normal market conditions with related undertakings and constitute recharged costs, NBV Property Management Limited has decided not to disclose the related party transactions, in accordance with FRS 102 Section 1A Small Entities.
Included within amounts owed by associated undertakings is £94,831 (2022: £88,823) due from a company in which the directors have significant influence or control and is a fellow Quasi-Group member. Recharges in the year to this entity totalled £302,545 (2022: £404,202).


10.


Controlling party

The immediate and ultimate parent undertaking is NBV Enterprise Solutions Limited, a company limited by guarantee and incorporated in the United Kingdom.


Page 5