Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 02463975 Mr D M Cachia Mrs D Zarb-Cousin Cachia Holding Company Limited Fleet House, Unit 3, 1 Armstrong Road, Benfleet, Essex, SS7 4FH true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02463975 2023-05-31 02463975 2024-05-31 02463975 2023-06-01 2024-05-31 02463975 frs-core:CurrentFinancialInstruments 2024-05-31 02463975 frs-core:Non-currentFinancialInstruments 2024-05-31 02463975 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 02463975 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 02463975 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 02463975 frs-core:RevaluationReserve 2023-05-31 02463975 frs-core:RevaluationReserve 2024-05-31 02463975 frs-core:ShareCapital 2024-05-31 02463975 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02463975 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02463975 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02463975 frs-bus:SmallEntities 2023-06-01 2024-05-31 02463975 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02463975 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02463975 1 2023-06-01 2024-05-31 02463975 frs-bus:Director1 2023-06-01 2024-05-31 02463975 frs-bus:Director2 2023-06-01 2024-05-31 02463975 frs-countries:EnglandWales 2023-06-01 2024-05-31 02463975 2022-05-31 02463975 2023-05-31 02463975 2022-06-01 2023-05-31 02463975 frs-core:CurrentFinancialInstruments 2023-05-31 02463975 frs-core:Non-currentFinancialInstruments 2023-05-31 02463975 frs-core:RevaluationReserve 2023-05-31 02463975 frs-core:ShareCapital 2023-05-31 02463975 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02463975
Ninefields Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
HB Counters - Essex Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02463975
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,800,000 1,800,000
1,800,000 1,800,000
CURRENT ASSETS
Debtors 5 18,507 7,857
Cash at bank and in hand 102,783 90,038
121,290 97,895
Creditors: Amounts Falling Due Within One Year 6 (52,820 ) (60,349 )
NET CURRENT ASSETS (LIABILITIES) 68,470 37,546
TOTAL ASSETS LESS CURRENT LIABILITIES 1,868,470 1,837,546
Creditors: Amounts Falling Due After More Than One Year 7 - (5,730 )
NET ASSETS 1,868,470 1,831,816
CAPITAL AND RESERVES
Called up share capital 8 443,176 443,176
Revaluation reserve 9 1,219,663 1,219,663
Profit and Loss Account 205,631 168,977
SHAREHOLDERS' FUNDS 1,868,470 1,831,816
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D M Cachia
Director
27/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Ninefields Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02463975 . The registered office is Fleet House, Unit 3, 1 Armstrong Road, Benfleet, Essex, SS7 4FH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 June 2023 1,800,000
As at 31 May 2024 1,800,000
Net Book Value
As at 31 May 2024 1,800,000
As at 1 June 2023 1,800,000
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Cost or valuation as at 31 May 2024 represented by:
Land & Property
Freehold
£
At cost 1,800,000
1,800,000
The properties were revalued by the Dircetor, on an open market value for existing use basis.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,404 6,300
Prepayments and accrued income 103 1,557
18,507 7,857
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 29,873
Corporation tax 12,828 14,545
VAT 3,441 -
Other creditors 4,750 4,750
Accruals and deferred income 31,248 11,181
Amounts owed to group undertakings 553 -
52,820 60,349
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 5,730
- 5,730
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 443,176 443,176
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 1,219,663
As at 31 May 2024 1,219,663
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10. Related Party Transactions
Cachia Holding Company LimitedParent companyLoan £553 (2023: £0)

Cachia Holding Company Limited

Parent company

Loan £553 (2023: £0)

11. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Cachia Family Properties Limited. Cachia Family Properties Limited was incorporated in England & Wales. The ultimate controlling party is Cachia Holding Company Limited who controls 100% of the shares of Ninefileds Holdings Limited.
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