Registration number:
NZCE Holding Limited
for the Year Ended 30 April 2024
NZCE Holding Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
NZCE Holding Limited
Company Information
Directors |
Mr H Simpson Mr A Scullion |
Registered office |
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Auditors |
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NZCE Holding Limited
(Registration number: 14052549)
Balance Sheet as at 30 April 2024
Note |
2024 |
(As restated) |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' deficit |
( |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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NZCE Holding Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expection that the company will continue in operational existence for the foreseeable future. The parent company and group have confirmed in writing they intend to support the company over the next 12 months.
Audit report
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NZCE Holding Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
Prior period restatement |
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Interest on amounts owed to and from group companies were originally omitted from the financial statements for the period ended 30 April 2023. The comparative values have therefore been restated to allow for these costs, and the resulting tax saving, in the correct period. The impact on the comparative values is summarised below. |
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(As originally stated) |
(As restated) |
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30 April 2023 |
30 April 2023 |
Impact |
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Profit or loss account |
£ |
£ |
£ |
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Other interest receivable |
- |
21,871 |
21,871 |
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Other interest payable |
(117) |
(30,646) |
(30,529) |
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Loss before and after taxation |
(46,141) |
(54,800) |
(8,659) |
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Balance sheet |
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Amounts owed by related parties |
529,135 |
551,006 |
21,871 |
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Amounts owed to related parties |
(633,124) |
(663,653) |
(30,529) |
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Retained earnings |
(46,141) |
(54,800) |
(8,659) |
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The impact of the prior period restatement is to increase the shareholders deficit from £45,141 to £53,800. |
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33.3% Straight line |
NZCE Holding Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
NZCE Holding Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 May 2023 |
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Additions |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 May 2023 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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NZCE Holding Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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New Zealand |
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New Zealand |
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New Zealand |
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Debtors |
Note |
2024 |
(As restated) |
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Owed by related parties |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
(As restated) |
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Due within one year |
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Trade creditors |
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Amounts owed to related parties |
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Other creditors |
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Related party transactions |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.
NZCE Holding Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
Parent and ultimate parent undertaking |
The company's immediate parent is