Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312true2022-08-01trueOther education not elsewhere classified2true 09154814 2022-08-01 2023-07-31 09154814 2021-08-01 2022-07-31 09154814 2023-07-31 09154814 2022-07-31 09154814 c:Director3 2022-08-01 2023-07-31 09154814 d:CurrentFinancialInstruments 2023-07-31 09154814 d:CurrentFinancialInstruments 2022-07-31 09154814 d:ShareCapital 2023-07-31 09154814 d:ShareCapital 2022-07-31 09154814 d:RetainedEarningsAccumulatedLosses 2023-07-31 09154814 d:RetainedEarningsAccumulatedLosses 2022-07-31 09154814 c:EntityHasNeverTraded 2022-08-01 2023-07-31 09154814 c:FRS102 2022-08-01 2023-07-31 09154814 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09154814 c:FullAccounts 2022-08-01 2023-07-31 09154814 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09154814 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 09154814










NCFSL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
NCFSL LIMITED
REGISTERED NUMBER: 09154814

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
272
272

Total assets less current liabilities
  
 
 
272
 
 
272

  

Net assets
  
272
272


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
172
172

  
272
272


For the year ended 31 July 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 on 29 July 2024.




J E Bramley
Director

The notes on page 2 form part of these financial statements.

Page 1

 
NCFSL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The Company is a limited company and is incorporated in England and Wales and details of its registered office is 55 Colmore Row Birmingham B3 2AA.

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.

 
2.2

Going concern

The Company has net assets of £272 and is dependent on the on-going support of Group companies.
The directors have prepared forecasts for the Group and Company based on conservative assumptions to the overall performance for the Company for the period to 31 July 2025, including new starts and success rates, as well as on-going cost levels. These forecasts  include detailed cash flow forecasts through to 31 July 2025 showing that the Group and Company will have sufficient funds over this period to satisfy all liabilities as they fall due for payment. The Group and Company's cashflow needs will be met from funds committed by Unigestion Direct II SCS-SICAV-RAIF (Compartment -Europe) ("Unigestion") of an additional facility to cover the anticipated cashflow requirements identified by the forecasting exercise, including a contingency for any deviation for actual performance variance to budget. These loans are subject to interest, but signed confirmation has been provided that no interest will be paid nor any capital repayments made on these loans prior to 12 August 2025. 
As noted above, the Group and Company have received a letter of continued commitment from Unigestion confirming that they will continue to make these funds available to enable the Group and  Company to meet its liabilities as they fall due for a period of twelve months from the date of signing of these financial statements. Therefore, the directors consider that they have a reasonable expectation that the Group and Company has adequate resources to continue in operational existence for the foreseeable future and to meet its current liabilities as they fall due.
The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
272
272


Page 2