Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity12023-01-09truefalsefalse 14579872 2023-01-08 14579872 2023-01-09 2024-03-31 14579872 2022-01-09 2023-01-08 14579872 2024-03-31 14579872 c:Director1 2023-01-09 2024-03-31 14579872 d:FreeholdInvestmentProperty 2023-01-09 2024-03-31 14579872 d:FreeholdInvestmentProperty 2024-03-31 14579872 d:CurrentFinancialInstruments 2024-03-31 14579872 d:Non-currentFinancialInstruments 2024-03-31 14579872 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14579872 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14579872 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 14579872 d:ShareCapital 2024-03-31 14579872 d:RetainedEarningsAccumulatedLosses 2024-03-31 14579872 c:OrdinaryShareClass1 2023-01-09 2024-03-31 14579872 c:OrdinaryShareClass1 2024-03-31 14579872 c:FRS102 2023-01-09 2024-03-31 14579872 c:AuditExempt-NoAccountantsReport 2023-01-09 2024-03-31 14579872 c:FullAccounts 2023-01-09 2024-03-31 14579872 c:PrivateLimitedCompanyLtd 2023-01-09 2024-03-31 14579872 e:PoundSterling 2023-01-09 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14579872









NESTED ANGEL UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
NESTED ANGEL UK LIMITED
REGISTERED NUMBER: 14579872

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Investment properties
 4 
448,270

  
448,270

Current assets
  

Debtors: amounts falling due within one year
 5 
100

Cash at bank and in hand
 6 
5,844

  
5,944

Creditors: amounts falling due within one year
 7 
(141,491)

Net current (liabilities)/assets
  
 
 
(135,547)

Total assets less current liabilities
  
312,723

Creditors: amounts falling due after more than one year
 8 
(318,750)

  

Net (liabilities)/assets
  
(6,027)


Capital and reserves
  

Called up share capital 
  
10

Profit and loss account
  
(6,037)

  
(6,027)


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 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 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 20 August 2024.



Page 1

 
NESTED ANGEL UK LIMITED
REGISTERED NUMBER: 14579872
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


Sanchit Sareen
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NESTED ANGEL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Nested Angel UK Ltd ('the company') is a private limited by shares and is incorporated and domiciled in England. The address of its registered office is 124 Finchley Road, London, NW3 5JS. The company's principal activities are property investments. The company was incorporated on 9 January 2023 and commenced to trade on 1 March 2023.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director believes that preparing the financial statements on the going concern basis is appropriate due to the continued financial support through its bank facilities and director himself.

  
2.3

Revenue

Revenue comprises rental income received from the company's investment properties and is recognised in accordance with the lease terms.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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

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.

Page 3

 
NESTED ANGEL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

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.

  
2.10

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 directors, during the period was 1.


4.


Investment properties


Investment properties

£



Valuation


Additions at cost
448,270



At 31 March 2024
448,270

The 2024 valuations were made by director, on an open market value for existing use basis.








5.


Debtors

2024
£


Prepayments and accrued income
100
Page 4

 
NESTED ANGEL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.Debtors (continued)


100



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
5,844

5,844



7.


Creditors: Amounts falling due within one year

2024
£

Other creditors
137,291

Accruals and deferred income
4,200

141,491



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
318,750

318,750


Page 5

 
NESTED ANGEL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
318,750

318,750

318,750


The bank loans are secured on the investment properties.


10.


Share capital

2024
£
Allotted, called up and fully paid


10 Ordinary shares of £1.00 each
10


On 9 January 2023, the company issued 10 Ordinary shares of £1 each for cash at par.


11.


Related party transactions

At the period end the company owed £137,291 to the director.


12.


Controlling party

Sanchit Sareen is the controlling party as he owns the share capital of the company.

 
Page 6