Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-05-132023-05-13false2No description of principal activity2022-12-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03264500 2022-12-01 2023-11-30 03264500 2021-12-01 2022-11-30 03264500 2023-11-30 03264500 2022-11-30 03264500 c:CompanySecretary1 2022-12-01 2023-11-30 03264500 c:Director1 2022-12-01 2023-11-30 03264500 c:Director1 2023-11-30 03264500 c:Director2 2022-12-01 2023-11-30 03264500 c:Director2 2023-11-30 03264500 c:Director3 2022-12-01 2023-11-30 03264500 c:Director3 2023-11-30 03264500 c:RegisteredOffice 2022-12-01 2023-11-30 03264500 d:CurrentFinancialInstruments 2023-11-30 03264500 d:CurrentFinancialInstruments 2022-11-30 03264500 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 03264500 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 03264500 d:ShareCapital 2023-11-30 03264500 d:ShareCapital 2022-11-30 03264500 d:SharePremium 2023-11-30 03264500 d:SharePremium 2022-11-30 03264500 d:RetainedEarningsAccumulatedLosses 2023-11-30 03264500 d:RetainedEarningsAccumulatedLosses 2022-11-30 03264500 c:OrdinaryShareClass1 2022-12-01 2023-11-30 03264500 c:OrdinaryShareClass1 2023-11-30 03264500 c:OrdinaryShareClass1 2022-11-30 03264500 c:FRS102 2022-12-01 2023-11-30 03264500 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03264500 c:FullAccounts 2022-12-01 2023-11-30 03264500 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03264500 6 2022-12-01 2023-11-30 03264500 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03264500










N. S. TIMBER LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




















 
N. S. TIMBER LIMITED
 
 
Company Information


Directors
N V Smith (deceased 8 June 2023)
W E Smith (appointed 13 May 2023)
A J Smith (appointed 13 May 2023)




Company secretary
N V Smith (deceased 8 June 2023)



Registered number
03264500



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
N. S. TIMBER LIMITED
Registered number: 03264500

Balance sheet
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,307,195
1,307,195

  
1,307,195
1,307,195

Current assets
  

Cash at bank and in hand
  
80,556
34,435

  
80,556
34,435

Creditors: amounts falling due within one year
 5 
(21,180)
(19,260)

Net current assets
  
 
 
59,376
 
 
15,175

Total assets less current liabilities
  
1,366,571
1,322,370

  

Net assets
  
1,366,571
1,322,370


Capital and reserves
  

Called up share capital 
 6 
250,050
250,050

Share premium account
  
234,836
234,836

Profit and loss account
  
881,685
837,484

  
1,366,571
1,322,370


Page 1

 
N. S. TIMBER LIMITED
Registered number: 03264500
    
Balance sheet (continued)
As at 30 November 2023

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.

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 Profit and loss account 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 27 August 2024.




................................................
A J Smith
Director

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

Page 2

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2023

1.


General information

N.S. Timber Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03264500. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 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.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Unlisted investments are recorded at cost less any provision for impairment.

 
2.4

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. 

 
2.5

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 3

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
 

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.




Page 4

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost 


At 1 December 2022
50
1,307,145
1,307,195



At 30 November 2023
50
1,307,145
1,307,195





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
17,100
17,100

Accruals and deferred income
4,080
2,160

21,180
19,260


Page 5

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



500,100 (2022 - 500,100) Ordinary shares of £0.50 each
250,050
250,050



7.


Related party transactions

The company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other group members which are wholly owned subsidiaries. 
At 30 November 2023, the company owed £17,100 (2022: £17,100) to the shareholder and is included within other creditors and is interest free and repayable on demand. 

 
Page 6