Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity00truetrue 06493112 2022-11-01 2023-10-31 06493112 2023-10-31 06493112 2021-11-01 2022-10-31 06493112 2022-10-31 06493112 c:Director1 2022-11-01 2023-10-31 06493112 c:Director2 2022-11-01 2023-10-31 06493112 d:CurrentFinancialInstruments 2023-10-31 06493112 d:CurrentFinancialInstruments 2022-10-31 06493112 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06493112 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 06493112 d:ShareCapital 2023-10-31 06493112 d:ShareCapital 2022-10-31 06493112 d:RetainedEarningsAccumulatedLosses 2023-10-31 06493112 d:RetainedEarningsAccumulatedLosses 2022-10-31 06493112 c:OrdinaryShareClass1 2022-11-01 2023-10-31 06493112 c:OrdinaryShareClass1 2023-10-31 06493112 c:OrdinaryShareClass1 2022-10-31 06493112 c:FRS102 2022-11-01 2023-10-31 06493112 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06493112 c:FullAccounts 2022-11-01 2023-10-31 06493112 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06493112













Nirvana World Limited

Financial statements
Information for filing with the registrar

31 October 2023




 
Nirvana World Limited


Balance sheet
At 31 October 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
4,854
4,896

  
4,854
4,896

Creditors: amounts falling due within one year
 4 
(13,465)
(11,708)

Net current liabilities
  
 
 
(8,611)
 
 
(6,812)

Total assets less current liabilities
  
(8,611)
(6,812)

  

Net liabilities
  
(8,611)
(6,812)


Capital and reserves
  

Called up share capital 
 5 
2,500
2,500

Profit and loss account
  
(11,111)
(9,312)

Shareholder's deficit
  
(8,611)
(6,812)

1

 
Nirvana World Limited

    
Balance sheet (continued)
At 31 October 2023

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 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 on 6 March 2024.




K Morris
ND Morris
Director
Director

Company registered number: 06493112
The notes on pages 3 to 4 form part of these financial statements. 
2

 
Nirvana World Limited
 
 

Notes to the financial statements
Year ended 31 October 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 Osprey House, Kingfisher Way, Silverlink Business Park, Wallsend, Tyne and Wear, NE28 9NX.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is under the continuing support of it's holding company. On this basis the directors feel it appropriate to prepare the accounts on the going concern basis. 

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

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.

3

 
Nirvana World Limited
 
 

Notes to the financial statements
Year ended 31 October 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
12,345
10,678

Accruals and deferred income
1,120
1,030

13,465
11,708



5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,500 (2022 - 2,500) Ordinary shares of £1.00 each
2,500
2,500



6.


Related party transactions

During the year, the company used a loan account to record amounts due to and from Nirvana Europe Limited, its parent company. At the year end, the balance owed by the company to Nirvana Europe Limited was £12,345 (2022: £10,678). The loan is unsecured, interest free and no fixed terms of repayment have been agreed.


7.


Controlling party

The company is a subsidiary of Nirvana Europe Limited by virtue of it holding all share capital.
 
4