Caseware UK (AP4) 2023.0.135 2023.0.135 truefalsetrue2022-09-0122The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08659577 2022-09-01 2023-08-31 08659577 2021-09-01 2022-08-31 08659577 2023-08-31 08659577 2022-08-31 08659577 c:Director1 2022-09-01 2023-08-31 08659577 d:CurrentFinancialInstruments 2023-08-31 08659577 d:CurrentFinancialInstruments 2022-08-31 08659577 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08659577 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08659577 d:ShareCapital 2023-08-31 08659577 d:ShareCapital 2022-08-31 08659577 d:RetainedEarningsAccumulatedLosses 2023-08-31 08659577 d:RetainedEarningsAccumulatedLosses 2022-08-31 08659577 c:FRS102 2022-09-01 2023-08-31 08659577 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08659577 c:FullAccounts 2022-09-01 2023-08-31 08659577 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08659577 2 2022-09-01 2023-08-31 08659577 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 08659577










Nich Projects Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2023

 
Nich Projects Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Nich Projects Limited for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nich Projects Limited for the year ended 31 August 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Nich Projects Limited, as a body, in accordance with the terms of our engagement letter dated 17 July 2023Our work has been undertaken solely to prepare for your approval the financial statements of Nich Projects Limited  and state those matters that we have agreed to state to the Board of Directors of Nich Projects Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nich Projects Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Nich Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nich Projects Limited. You consider that Nich Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Nich Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
6 March 2024
Page 1

 
Nich Projects Limited
Registered number: 08659577

Balance Sheet
As at 31 August 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
300,092
287,169

Cash at bank and in hand
  
159,507
169,914

  
459,599
457,083

Creditors: amounts falling due within one year
 6 
(161,116)
(151,431)

Net current assets
  
 
 
298,483
 
 
305,652

Total assets less current liabilities
  
298,484
305,653

  

Net assets
  
298,484
305,653


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
298,482
305,651

  
298,484
305,653


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: 



................................................
M C Nicholson
Director
Date: 4 March 2024

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

Page 2

 
Nich Projects Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2023

1.


General information

Nich Projects Limited is a private company, limited by share capital, and incorporated in England and Wales. The registered office address is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG. 

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 presentational and functional currency of the financial statements is £ sterling.
The figures in the financial statements have been rounded to the nearest £1

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.4

Debtors

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

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
Nich Projects Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

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


4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 September 2022
1



At 31 August 2023
1





5.


Debtors

2023
2022
£
£


Amounts owed by associated undertakings
300,092
287,169

300,092
287,169



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
159,465
149,991

Accruals and deferred income
1,651
1,440

161,116
151,431


Page 4

 
Nich Projects Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2023

7.


Related party transactions

Director
During the year the director continued to provide a loan to the Company. The loan is interest free and repayable on demand. At the balance sheet date the amount due to the director was £159,465 (2022: £149,991).
MN & JC Developments Limited
(Common control)
During the year the Company continued to provide a loan to MN & JC Developments Limited. Interest was charged on the loan at a rate of 4.5% and the loan is repayable on demand. Interest during the year amounted to £12,923 (2022: £12,007). At the balance sheet date the amount due from MN & JC Developments Limited was £300,092 (2022: £287,169).


Page 5