Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-318trueThe company has not traded during the yeartruetrue059915772022-04-018 05991577 2022-04-01 2023-03-31 05991577 2021-04-01 2022-03-31 05991577 2023-03-31 05991577 2022-03-31 05991577 c:Director1 2022-04-01 2023-03-31 05991577 d:CurrentFinancialInstruments 2023-03-31 05991577 d:CurrentFinancialInstruments 2022-03-31 05991577 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05991577 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05991577 d:ShareCapital 2023-03-31 05991577 d:ShareCapital 2022-03-31 05991577 d:RetainedEarningsAccumulatedLosses 2023-03-31 05991577 d:RetainedEarningsAccumulatedLosses 2022-03-31 05991577 c:OrdinaryShareClass1 2022-04-01 2023-03-31 05991577 c:OrdinaryShareClass1 2023-03-31 05991577 c:EntityHasNeverTraded 2022-04-01 2023-03-31 05991577 c:FRS102 2022-04-01 2023-03-31 05991577 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05991577 c:FullAccounts 2022-04-01 2023-03-31 05991577 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05991577














NISACROWN LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
NISACROWN LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 4


 
NISACROWN LIMITED
REGISTERED NUMBER:05991577

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,107,437
3,107,437

  
3,107,437
3,107,437

Creditors: amounts falling due within one year
 5 
(4,374,862)
(4,374,862)

Net current liabilities
  
 
 
(1,267,425)
 
 
(1,267,425)

Total assets less current liabilities
  
(1,267,425)
(1,267,425)

  

Net liabilities
  
(1,267,425)
(1,267,425)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(1,267,525)
(1,267,525)

  
(1,267,425)
(1,267,425)


1

 
NISACROWN LIMITED
REGISTERED NUMBER:05991577
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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: 




G A Lee
Director

Date: 18 December 2023

The notes on pages 3 to 4 form part of these financial statements.

2

 
NISACROWN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private limited company and is registered in England and Wales. The address of its registered office and principal place of business is Grove Lodge, 287 Regents Park Road, London, N3 3JY.  
The company has not traded during the year.

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 company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:

 
2.2

Going concern

The parent company has committed to continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 

 
2.5

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 other third parties, loans from and to related parties. 


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).

3

 
NISACROWN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
3,106,354
3,106,354

Other debtors
1,083
1,083

3,107,437
3,107,437



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,832,890
1,832,890

Other creditors
2,541,972
2,541,972

4,374,862
4,374,862



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 ordinary shares of £1 each
100
100


There is one class of share. There are no restrictions on the distribution of dividends and the repayment of capital.



7.


Related party transactions

At the year end, the company was owed £1,418,354 (2022 - £1,418,354) by Kerrington Limited. The loan is interest free and repayable on demand.
 
At the year end, the company owed £220,550 (2022 - £220,500) to A.R. & V. Investments Limited, a 50% shareholder. The loan is interest free and repayable on demand.
At the year end, £1,160,711 (2022 - £1,160,711) was owed to Edward Azouz, a director of the company. The loan is interest free and repayable on demand.
At the year end, £1,160,711 (2022 - £1,160,711) was owed to Jeffrey Azouz, a director of the company. The loan is interest free and repayable on demand.

 
4