Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalse22023-01-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11696663 2023-01-01 2023-12-31 11696663 2022-01-01 2022-12-31 11696663 2023-12-31 11696663 2022-12-31 11696663 2022-01-01 11696663 c:Director2 2023-01-01 2023-12-31 11696663 d:FreeholdInvestmentProperty 2023-12-31 11696663 d:FreeholdInvestmentProperty 2022-12-31 11696663 d:CurrentFinancialInstruments 2023-12-31 11696663 d:CurrentFinancialInstruments 2022-12-31 11696663 d:Non-currentFinancialInstruments 2023-12-31 11696663 d:Non-currentFinancialInstruments 2022-12-31 11696663 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11696663 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11696663 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11696663 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11696663 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 11696663 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 11696663 d:ShareCapital 2023-12-31 11696663 d:ShareCapital 2022-12-31 11696663 d:ShareCapital 2022-01-01 11696663 d:InvestmentPropertiesRevaluationReserve 2023-12-31 11696663 d:InvestmentPropertiesRevaluationReserve 2022-12-31 11696663 d:InvestmentPropertiesRevaluationReserve 2022-01-01 11696663 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11696663 d:RetainedEarningsAccumulatedLosses 2023-12-31 11696663 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11696663 d:RetainedEarningsAccumulatedLosses 2022-12-31 11696663 d:RetainedEarningsAccumulatedLosses 2022-01-01 11696663 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11696663 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11696663 c:FRS102 2023-01-01 2023-12-31 11696663 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11696663 c:FullAccounts 2023-01-01 2023-12-31 11696663 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11696663 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















N-D Property Investments Limited























Unaudited

financial statements



For the year ended 31 December 2023



Registered number: 11696663

 
N-D Property Investments Limited - Registered number:11696663


Statement of financial position
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
4,760,000
4,760,000

  
4,760,000
4,760,000

Current assets
  

Debtors: amounts falling due within one year
 5 
105
130

Cash at bank and in hand
  
13,276
15,622

  
13,381
15,752

Creditors: amounts falling due within one year
 6 
(2,652,615)
(2,652,117)

Net current liabilities
  
 
 
(2,639,234)
 
 
(2,636,365)

Total assets less current liabilities
  
2,120,766
2,123,635

Creditors: amounts falling due after more than one year
 7 
(1,871,619)
(1,871,619)

Provisions for liabilities
  

Deferred tax
 9 
(47,000)
(47,000)

  
 
 
(47,000)
 
 
(47,000)

Net assets
  
202,147
205,016


Capital and reserves
  

Share capital
  
100
100

Profit and loss account - non distributable
  
220,112
220,112

Profit and loss account
  
(18,065)
(15,196)

  
202,147
205,016


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.
 
Page 1

 
N-D Property Investments Limited - Registered number:11696663


Statement of financial position (continued)
As at 31 December 2023


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 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 by: 




C Davies
Director

Date: 8 August 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
N-D Property Investments Limited
 


Statement of changes in equity
For the year ended 31 December 2023


Share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
100
220,112
(13,541)
206,671


Comprehensive income for the year

Loss for the year
-
-
(1,655)
(1,655)



At 1 January 2023
100
220,112
(15,196)
205,016


Comprehensive income for the year

Loss for the year
-
-
(2,869)
(2,869)


At 31 December 2023
100
220,112
(18,065)
202,147


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
N-D Property Investments Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The registered office and principal place of business is 82 Gordon Avenue, Twickenham, TW1 1NQ and the registered number is 11696663.

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 Republic of Ireland' ("FRS 102") 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 judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied:

 
2.2

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:

Revenue represents rental income earned from the investment property, whether invoiced or accrued in the
year.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
N-D Property Investments Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Investment property

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

  
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

  
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

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

 
N-D Property Investments Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


 
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 and loans to related parties.


3.


Employees

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







4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
4,760,000



At 31 December 2023
4,760,000

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




Page 6

 
N-D Property Investments Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

5.


Debtors

2023
2022
£
£


Prepayments
105
130

105
130



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
858
-

Corporation tax
3,300
3,300

Other creditors
2,638,900
2,638,900

Accruals and deferred income
9,557
9,917

2,652,615
2,652,117



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Other loans
1,871,619
1,871,619

1,871,619
1,871,619


The following liabilities were secured:

2023
2022
£
£



Other loans
1,857,639
1,857,639

1,857,639
1,857,639

Details of security provided:

Of the aggregate amount of secured creditors £1,857,639 is due after more than one year. The loan is secured by  fixed charges over the assets of the company.

Page 7

 
N-D Property Investments Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due after more than 5 years

Other loans
1,871,619
1,871,619

1,871,619
1,871,619



9.


Deferred taxation




2023


£






At beginning of year
(47,000)



At end of year
(47,000)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Revaluation gain
(47,000)
(47,000)

(47,000)
(47,000)


Page 8