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REGISTERED NUMBER: 03057712 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Niras Fraenkel Ltd

Niras Fraenkel Ltd (Registered number: 03057712)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Niras Fraenkel Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M V Davelid
J Harder





REGISTERED OFFICE: Kings Ride Court
Kings Ride
Ascot
London
Berkshire
SL5 7JR





REGISTERED NUMBER: 03057712 (England and Wales)

Niras Fraenkel Ltd (Registered number: 03057712)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 16 16
TOTAL ASSETS LESS CURRENT
LIABILITIES

16

16

CAPITAL AND RESERVES
Called up share capital 5 250,000 250,000
Retained earnings 6 (249,984 ) (249,984 )
SHAREHOLDERS' FUNDS 16 16

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





M V Davelid - Director


Niras Fraenkel Ltd (Registered number: 03057712)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Niras Fraenkel Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Turnover
Turnover represents the amounts charged to customers for goods and services supplied and is recognised when the goods are delivered or as services are supplied, net of value added tax, except in respect of long term contracts where turnover represents the sale value of work done in the period.

Contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract, and credit taken for profit earned to date when the outcome of the contract can be assessed with reasonable certainty. The amount by which turnover exceeds payments on account is classified as "work in progress" and included in debtors; to the extent that payments on account exceed relevant turnover and contract balances, the excess is included as a creditor.

Provision is made for losses which are foreseen.
Interest and similar income and charges
Interest and similar income and charges are recognised in the profit and loss account over the term of such
instruments at a constant rate on the carrying amount.

Project expenses
Project expenses include expenses directly attributable to projects excluding salaries and including travel
expenses, external expenses as well as other expenses.

External expenses
External expenses include administrative expenses, office expenses, marketing expenses as well as other
expenses.

Niras Fraenkel Ltd (Registered number: 03057712)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Tangible assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation on fixed assets is provided at rates estimated to write off cost amounts, less estimated residual
value, of each asset over its expected useful life as follows:

Plant & machinery 25%
Fixtures and fittings 25%
Computer equipment 25%

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Debtors
Debtors are valued individually and there are made provision according to this valuation.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors
are carried at amortized cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 16 16

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary 1 10,000 10,000
240,000 Preference 1 240,000 240,000
250,000 250,000

Niras Fraenkel Ltd (Registered number: 03057712)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CALLED UP SHARE CAPITAL - continued

The holders of the ordinary shares have voting rights that arise only in certain circumstances; including a right to receive dividends and to participate in a distribution; in respect to capital, a right to participate in a distribution (including on winding up); and the shares are not able to be redeemed or are not liable to be redeemed at the option of the company or the shareholder.

The holders of the preference shares have preference over ordinary shares contain certain voting rights that arise only in certain circumstances; including a right to receive dividends and to participate in a distribution; in respect to capital, a right to participate in a distribution (including on winding up); and the shares are not able to be redeemed or are not liable to be redeemed at the option of the company or the shareholder.

6. RESERVES
Retained
earnings
£   

At 1 January 2023 (249,984 )
Profit for the year -
At 31 December 2023 (249,984 )

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is NIRAS Gruppen A/S, a company incorporated in Denmark. NIRAS Gruppen A/S is controlled by NIRAS-ALECTIA Fonden, a foundation founded in Denmark.