REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
3 April 2023 to 30 September 2023 |
for |
NE and C Holdings Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
3 April 2023 to 30 September 2023 |
for |
NE and C Holdings Ltd |
NE and C Holdings Ltd (Registered number: 14777601) |
Contents of the Financial Statements |
for the Period 3 April 2023 to 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
NE and C Holdings Ltd |
Company Information |
for the Period 3 April 2023 to 30 September 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Kepier House |
Belmont Business Park |
Durham |
DH1 1TW |
NE and C Holdings Ltd (Registered number: 14777601) |
Balance Sheet |
30 September 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
NE and C Holdings Ltd (Registered number: 14777601) |
Notes to the Financial Statements |
for the Period 3 April 2023 to 30 September 2023 |
1. | STATUTORY INFORMATION |
NE and C Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There were no material departures from the standard. |
The principal accounting policies adopted in the preparation of the financial statements are set out below and have also been consistently applied within the same accounts. |
Preparation of consolidated financial statements |
The financial statements contain information about NE and C Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
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. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
Financial instruments |
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
NE and C Holdings Ltd (Registered number: 14777601) |
Notes to the Financial Statements - continued |
for the Period 3 April 2023 to 30 September 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Directors' current accounts | 240,000 |
Accruals and deferred income |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The company, together with NE & C Windows & Doors Limited, is party to a cross guarantee and debenture in respect of their indebtedness to the bank. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 |
value: | £ |
42 | Ordinary A | £1 | 42 |
38 | Ordinary B | £1 | 38 |
10 | Ordinary C | £1 | 10 |
10 | Ordinary D | £1 | 10 |
100 |
NE and C Holdings Ltd (Registered number: 14777601) |
Notes to the Financial Statements - continued |
for the Period 3 April 2023 to 30 September 2023 |
9. | RELATED PARTY DISCLOSURES |
There were no related party transactions other than those concluded under normal market conditions, except for those shown below. |
2023 |
£ |
Amounts due to directors | 240,000 |
No interest was charged. |