Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false4truefalse42023-01-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05840612 2023-01-01 2023-12-31 05840612 2022-01-01 2022-12-31 05840612 2023-12-31 05840612 2022-12-31 05840612 2022-01-01 05840612 c:Director1 2023-01-01 2023-12-31 05840612 c:Director3 2023-01-01 2023-12-31 05840612 d:FreeholdInvestmentProperty 2023-12-31 05840612 d:FreeholdInvestmentProperty 2022-12-31 05840612 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 05840612 d:CurrentFinancialInstruments 2023-12-31 05840612 d:CurrentFinancialInstruments 2022-12-31 05840612 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05840612 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05840612 d:ShareCapital 2023-12-31 05840612 d:ShareCapital 2022-12-31 05840612 d:RetainedEarningsAccumulatedLosses 2023-12-31 05840612 d:RetainedEarningsAccumulatedLosses 2022-12-31 05840612 c:FRS102 2023-01-01 2023-12-31 05840612 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05840612 c:FullAccounts 2023-01-01 2023-12-31 05840612 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05840612 d:OtherDeferredTax 2023-12-31 05840612 d:OtherDeferredTax 2022-12-31 05840612 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05840612










NEILSON HOLDINGS (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NEILSON HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 05840612

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 3 
1,276,000
1,031,250

Current assets
  

Cash at bank and in hand
  
71,309
61,901

Creditors: amounts falling due within one year
 4 
(50,736)
(42,156)

Net current assets
  
 
 
20,573
 
 
19,745

Total assets less current liabilities
  
1,296,573
1,050,995

Provisions for liabilities
  

Deferred tax
 5 
(129,917)
(68,729)

Net assets
  
1,166,656
982,266


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
1,156,656
972,266

  
1,166,656
982,266


Page 1

 
NEILSON HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 05840612
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 on 7 March 2024.




J S Yarnall
N Crofts
Director
Director

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

Page 2

 
NEILSON HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Neilson Holdings (UK) Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 05840612). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity of the Company throughout the year continued to be that of property investment.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit or loss for the year.

Page 3

 
NEILSON HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. 
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

Page 4

 
NEILSON HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,031,250


Surplus on revaluation
244,750



At 31 December 2023
1,276,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
20,054
17,165

Other creditors
30,682
24,991

50,736
42,156



5.


Deferred taxation




2023
2022


£

£






At beginning of year
68,729
52,219


Charged to profit or loss
61,188
16,510



At end of year
129,917
68,729

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Property revaluation surplus
129,917
68,729

 
Page 5