Caseware UK (AP4) 2023.0.135 2023.0.135 02022-11-100The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Holding companyfalsefalsetrue NI692487 2022-11-09 NI692487 2022-11-10 2024-03-31 NI692487 2021-11-10 2022-11-09 NI692487 2024-03-31 NI692487 c:CompanySecretary1 2022-11-10 2024-03-31 NI692487 c:Director1 2022-11-10 2024-03-31 NI692487 c:Director1 2024-03-31 NI692487 c:RegisteredOffice 2022-11-10 2024-03-31 NI692487 d:CurrentFinancialInstruments 2024-03-31 NI692487 d:Non-currentFinancialInstruments 2024-03-31 NI692487 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI692487 d:ShareCapital 2022-11-10 2024-03-31 NI692487 d:ShareCapital 2024-03-31 NI692487 d:RetainedEarningsAccumulatedLosses 2022-11-10 2024-03-31 NI692487 d:RetainedEarningsAccumulatedLosses 2024-03-31 NI692487 c:OrdinaryShareClass1 2022-11-10 2024-03-31 NI692487 c:OrdinaryShareClass1 2024-03-31 NI692487 c:FRS102 2022-11-10 2024-03-31 NI692487 c:AuditExemptWithAccountantsReport 2022-11-10 2024-03-31 NI692487 c:FullAccounts 2022-11-10 2024-03-31 NI692487 c:PrivateLimitedCompanyLtd 2022-11-10 2024-03-31 NI692487 6 2022-11-10 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
Neueda ROI Holdco Limited
For the period ended 31 March 2024





































Registered number: NI692487

 
Neueda ROI Holdco Limited
 

Company Information


Director
Mr D Bole (appointed 10 November 2022)




Company secretary
Ms K Dinsmore (appointed 10 November 2022)



Registered number
NI692487



Registered office
5e Stirling House Castlereagh Road Buisness Park
478 Castlereagh Road

Belfast

Northern Ireland

BT5 6BQ




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH





 
Neueda ROI Holdco Limited
 

Contents



Page
Accountant's Report
1
Balance Sheet
2 - 3
Statement of Changes in Equity
4
Notes to the Financial Statements
5 - 8


  
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Independent Accountant's Report to the director of the unaudited financial statements of Neueda ROI Holdco Limited for the period ended 31 March 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Neueda ROI Holdco Limited for the period ended 31 March 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Neueda ROI Holdco Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Neueda ROI Holdco Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neueda ROI Holdco Limited and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the period ended 31 March 2024 and you have acknowledged on the Balance Sheet as at 31 March 2024 your duty to ensure that Neueda ROI Holdco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Neueda ROI Holdco Limited is exempt from the statutory audit requirement for the period ended 31 March 2024.

We have not been instructed to carry out an audit or review the financial statements of Neueda ROI Holdco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   6 August 2024
Page 1

 
Neueda ROI Holdco Limited
Registered number:NI692487

Balance Sheet
As at 31 March 2024

2024
Note
£

Fixed assets
  

Investments
 6 
62,847

  
62,847

Current assets
  

Debtors: amounts falling due within one year
 7 
114,601

  
114,601

Creditors: amounts falling due within one year
 8 
(2,250)

Net current assets
  
 
 
112,351

  

Net assets
  
175,198


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
 10 
175,098

  
175,198


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 August 2024.




Mr D Bole
Director

The notes on pages 5 to 8 form part of these financial statements.
Page 2

 
Neueda ROI Holdco Limited
Registered number:NI692487

Balance Sheet (continued)
As at 31 March 2024


Page 3

 
Neueda ROI Holdco Limited
 

Statement of Changes in Equity
For the period ended 31 March 2024


Called up share capital
Profit and loss account
Total equity

£
£
£



Profit for the period
-
8,175,198
8,175,198

Dividends: Equity capital
-
(8,000,100)
(8,000,100)

Shares issued during the period
100
-
100


At 31 March 2024
100
175,098
175,198

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
Neueda ROI Holdco Limited
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

1.


General information

Neueda ROI Holdco Limited is a private company limited by shares which is registered and incorporated in Northern Ireland. The registered address is 5e Stirling House Castlereagh Road Business Park, 478 Castlereagh Road, Belfast, Northern Ireland, BT5 6BQ.
The principal activity of the company is that of a holding company. 

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 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 judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

  
2.3

Consolidation

These financial statements contain information about the company as an individual and do not contain consolidated financial information as the parent undertaking of a group. The company has taken advantage of exemptions available to small groups not to prepare consolidated financial statements.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

Page 5

 
Neueda ROI Holdco Limited
 

Notes to the Financial Statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Carrying value of investments
Investment in subsidiary undertakings is measured at cost less accumulated impairment. Where there is an indication of impairment the recoverable amount is estimated and compared with the carrying amount. The estimate of recoverable amount is considered in light of the trading and balance sheet strength of the subsidiary together with the director's best estimate of future performance of the subsidiary.


4.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.


5.


Income from investments

Period ended
31 March
2024
£



Dividends received
8,177,448

8,177,448




Page 6

 
Neueda ROI Holdco Limited
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
62,847



At 31 March 2024
62,847





7.


Debtors

2024
£


Amounts owed by related parties
114,601

114,601



8.


Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income
2,250

2,250



9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On 10th November 2022 the Company issued 1 Ordinary share with a nominal value of £1.00.
On 20th December 2022 the Company issued a further 99 Ordinary shares with a nominal value of £1.00 each.

Page 7

 
Neueda ROI Holdco Limited
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

10.


Reserves

Profit and loss account

This includes all current period retained profits.


11.


Related party transactions

The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.


12.


Controlling party

The Company's immediate parent undertaking is Neueda Holdings Limited. The ultimate controlling party is Mr D Bole.


Page 8