Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10994495 2023-01-01 2023-12-31 10994495 2022-01-01 2022-12-31 10994495 2023-12-31 10994495 2022-12-31 10994495 c:Director1 2023-01-01 2023-12-31 10994495 d:OfficeEquipment 2023-01-01 2023-12-31 10994495 d:OfficeEquipment 2023-12-31 10994495 d:OfficeEquipment 2022-12-31 10994495 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10994495 d:CurrentFinancialInstruments 2023-12-31 10994495 d:CurrentFinancialInstruments 2022-12-31 10994495 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10994495 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10994495 d:ShareCapital 2023-12-31 10994495 d:ShareCapital 2022-12-31 10994495 d:SharePremium 2023-12-31 10994495 d:SharePremium 2022-12-31 10994495 d:RetainedEarningsAccumulatedLosses 2023-12-31 10994495 d:RetainedEarningsAccumulatedLosses 2022-12-31 10994495 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10994495 c:OrdinaryShareClass1 2023-12-31 10994495 c:OrdinaryShareClass1 2022-12-31 10994495 c:FRS102 2023-01-01 2023-12-31 10994495 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10994495 c:FullAccounts 2023-01-01 2023-12-31 10994495 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10994495 2 2023-01-01 2023-12-31 10994495 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10994495






NEW END ASSOCIATES LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
NEW END ASSOCIATES LIMITED
REGISTERED NUMBER: 10994495

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,525
2,074

Investments
 5 
168,050
390,634

  
170,575
392,708

Current assets
  

Debtors: amounts falling due within one year
 6 
7,388,765
6,080,900

Cash at bank and in hand
 7 
38,816
59,044

  
7,427,581
6,139,944

Creditors: amounts falling due within one year
 8 
(7,060,157)
(6,938,848)

Net current assets/(liabilities)
  
 
 
367,424
 
 
(798,904)

Total assets less current liabilities
  
537,999
(406,196)

  

Net assets/(liabilities)
  
537,999
(406,196)


Capital and reserves
  

Called up share capital 
 9 
3,866
1,106

Share premium account
  
570,054
570,054

Profit and loss account
  
(35,921)
(977,356)

  
537,999
(406,196)


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.
Page 1

 
NEW END ASSOCIATES LIMITED
REGISTERED NUMBER: 10994495
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


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 18 July 2024.




N R M Motelay
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NEW END ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

New End Associates Limited is a private company Limited by shares and incorporated in England & Wales. Its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
NEW END ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NEW END ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
per annum on a straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

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

 
2.11

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 banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 4).

Page 5

 
NEW END ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
6,318


Additions
2,314



At 31 December 2023

8,632



Depreciation


At 1 January 2023
4,244


Charge for the year on owned assets
1,863



At 31 December 2023

6,107



Net book value



At 31 December 2023
2,525



At 31 December 2022
2,074


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
390,634


Additions
1,548


Disposals
(317,852)


Revaluations
93,720



At 31 December 2023
168,050




Page 6

 
NEW END ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
583,112
800,162

Accrued income
6,564,133
5,198,640

Other debtors
241,520
82,098

7,388,765
6,080,900



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
38,816
59,044

38,816
59,044



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
712,867
852,584

Other taxation and social security
20,013
19,034

Other creditors
3,016,959
2,977,433

Accruals
2,191,860
2,053,324

Other loans
1,109,460
1,026,524

Wages and Salaries
8,998
9,949

7,060,157
6,938,848


Page 7

 
NEW END ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



386,601 (2022 - 110,601) Ordinary shares of £0.01 each
3,866
1,106

On 1 March 2023 16,000 ordinary shares of £0.01 were cancelled at par and on 30 June 2023 a further 8,000 ordinary £0.01 shares were cancelled at par.


On 6 December 2023 300,000 ordinary B shares of £0.01 shares were issued at par.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £8,398 (2022: £20,827) .


11.


Related party transactions

As at 31 December 2023 the company owed £3,015,623 (2022: £2,977,433) to its director N Motelay. Interest is charged at 7% per annum  (2022: 4% per annum) and there are no fixed repayment terms.
As at 31 December 2023 the company owed £1,109,460 (2022: £1,026,524) to NW3 Capital Partners Limited. 


12.


Parent undertaking and controlling party

The company's ultimate controlling party is NW3 Capital Partners Limited (company number 12051421) which is incorporated in the United Kingdom.
NW3 Capital Partners Limited is owed by N Motelay and he is the ultimate controlling party and ultimate beneficial owner.

 
Page 8