2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,549 1,549 12,024 12,000 24 24 xbrli:pure xbrli:shares iso4217:GBP 10570256 2023-01-01 2023-12-31 10570256 2023-12-31 10570256 2022-12-31 10570256 2022-01-01 2022-12-31 10570256 2022-12-31 10570256 2021-12-31 10570256 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10570256 bus:Director1 2023-01-01 2023-12-31 10570256 core:WithinOneYear 2023-12-31 10570256 core:WithinOneYear 2022-12-31 10570256 bus:AllOrdinaryShares 2022-01-01 2022-12-31 10570256 core:ShareCapital 2023-12-31 10570256 core:ShareCapital 2022-12-31 10570256 core:RetainedEarningsAccumulatedLosses 2023-12-31 10570256 core:RetainedEarningsAccumulatedLosses 2022-12-31 10570256 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10570256 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-12-31 10570256 core:Non-currentFinancialInstruments 2023-12-31 10570256 core:Non-currentFinancialInstruments 2022-12-31 10570256 bus:SmallEntities 2023-01-01 2023-12-31 10570256 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10570256 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10570256 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10570256 bus:FullAccounts 2023-01-01 2023-12-31 10570256 bus:OrdinaryShareClass1 2023-12-31 10570256 bus:OrdinaryShareClass1 2022-12-31 10570256 core:OtherRelatedParties 2023-01-01 2023-12-31 10570256 core:OtherRelatedParties 2022-01-01 2022-12-31 10570256 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 10570256 core:OfficeEquipment 2023-01-01 2023-12-31 10570256 core:OfficeEquipment 2023-12-31 10570256 core:KeyManagementPersonnel 2023-12-31 10570256 core:KeyManagementPersonnel 2022-12-31
COMPANY REGISTRATION NUMBER: 10570256
NCH Property Consultants Limited
Filleted Unaudited Financial Statements
31 December 2023
NCH Property Consultants Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Investments
7
24
24
Current assets
Cash at bank and in hand
16,707
60,733
Creditors: amounts falling due within one year
8
28,776
124,427
--------
---------
Net current liabilities
12,069
63,694
--------
--------
Total assets less current liabilities
( 12,045)
( 63,670)
--------
--------
Net liabilities
( 12,045)
( 63,670)
--------
--------
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
( 12,047)
( 63,672)
--------
--------
Shareholders deficit
( 12,045)
( 63,670)
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their 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 11 March 2024 , and are signed on behalf of the board by:
Mr N C Hanson
Director
Company registration number: 10570256
NCH Property Consultants Limited
Notes to the Financial Statements
Year ended 31 December 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 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.
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.
Going concern
The financial statements have been prepared on a going concern basis which is dependent on the continued support of its creditors. The directors of its creditors have expressed their willingness to support the company for the foreseeable future by ensuring sufficient funds are available for the company to continue trading.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
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 associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
The only employees during the year were the directors.
5. Dividends
2023
2022
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
4,000
----
-------
In the prior year, the company paid dividends in excess of its distributable profit in contravention of section 830 of the Companies Act 2006. The director was not aware that this had occurred at the time the dividend was paid. The shareholders are aware of their responsibilities.
6. Tangible assets
Equipment
£
Cost
At 1 January 2023 and 31 December 2023
1,549
-------
Depreciation
At 1 January 2023 and 31 December 2023
1,549
-------
Carrying amount
At 31 December 2023
-------
At 31 December 2022
-------
7. Investments
Shares in participating interests
£
Cost
At 1 January 2023 and 31 December 2023
12,024
--------
Impairment
At 1 January 2023 and 31 December 2023
12,000
--------
Carrying amount
At 31 December 2023
24
--------
At 31 December 2022
24
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,608
1,675
Director loan accounts
27,168
122,752
--------
---------
28,776
124,427
--------
---------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2023
2022
2023
2022
£
£
£
£
Other related parties
( 59,000)
( 38,000)
Directors loan account
( 27,168)
( 122,752)
--------
--------
--------
---------