Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11433576 2023-01-01 2023-12-31 11433576 2022-01-01 2022-12-31 11433576 2023-12-31 11433576 2022-12-31 11433576 c:Director1 2023-01-01 2023-12-31 11433576 d:FurnitureFittings 2023-01-01 2023-12-31 11433576 d:FurnitureFittings 2023-12-31 11433576 d:FurnitureFittings 2022-12-31 11433576 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11433576 d:ComputerEquipment 2023-01-01 2023-12-31 11433576 d:ComputerEquipment 2023-12-31 11433576 d:ComputerEquipment 2022-12-31 11433576 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11433576 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11433576 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 11433576 d:FreeholdInvestmentProperty 2023-12-31 11433576 d:FreeholdInvestmentProperty 2022-12-31 11433576 d:CurrentFinancialInstruments 2023-12-31 11433576 d:CurrentFinancialInstruments 2022-12-31 11433576 d:Non-currentFinancialInstruments 2023-12-31 11433576 d:Non-currentFinancialInstruments 2022-12-31 11433576 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11433576 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11433576 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11433576 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11433576 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 11433576 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 11433576 d:ShareCapital 2023-12-31 11433576 d:ShareCapital 2022-12-31 11433576 d:RetainedEarningsAccumulatedLosses 2023-12-31 11433576 d:RetainedEarningsAccumulatedLosses 2022-12-31 11433576 c:FRS102 2023-01-01 2023-12-31 11433576 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11433576 c:FullAccounts 2023-01-01 2023-12-31 11433576 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11433576 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11433576









NSSK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NSSK LIMITED
REGISTERED NUMBER: 11433576

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,695
2,377

Investment property
 5 
1,433,255
984,679

  
1,439,950
987,056

Current assets
  

Debtors: amounts falling due within one year
 6 
6,731
5,077

Cash at bank and in hand
 7 
58,861
157,539

  
65,592
162,616

Creditors: amounts falling due within one year
 8 
(539,272)
(431,042)

Net current liabilities
  
 
 
(473,680)
 
 
(268,426)

Total assets less current liabilities
  
966,270
718,630

Creditors: amounts falling due after more than one year
 9 
(930,293)
(700,631)

  

Net assets
  
35,977
17,999


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
35,967
17,989

  
35,977
17,999


Page 1

 
NSSK LIMITED
REGISTERED NUMBER: 11433576
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 on 12 September 2024.




N Shetty
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NSSK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

NSSK Limited is a private company, limited by shares incorporated in England and Wales, United Kingdom, with a registration number 11433576. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company is that of property letting. 

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

Revenue

Turnover comprises revenue recognised by the company in respect of rent receivable.

 
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.

 
2.5

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
NSSK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

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

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
NSSK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




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


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
2,085
4,520
6,605


Additions
1,963
3,198
5,161



At 31 December 2023

4,048
7,718
11,766



Depreciation


At 1 January 2023
247
3,981
4,228


Charge for the year on owned assets
693
150
843



At 31 December 2023

940
4,131
5,071



Net book value



At 31 December 2023
3,108
3,587
6,695



At 31 December 2022
1,838
539
2,377

Page 5

 
NSSK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
984,679


Additions at cost
448,576



At 31 December 2023
1,433,255

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,433,255
984,679

1,433,255
984,679


6.


Debtors

2023
2022
£
£


Trade debtors
1,393
-

Other debtors
2,250
2,335

Prepayments and accrued income
3,088
2,742

6,731
5,077



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
58,861
157,539

58,861
157,539


Page 6

 
NSSK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,673
-

Other creditors
532,119
426,889

Accruals and deferred income
3,480
4,153

539,272
431,042



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
930,293
700,631

930,293
700,631



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
930,293
700,631

930,293
700,631

930,293
700,631



11.


Related party transactions

At the year end an amount of £525,493 (2022 : £424,314) was due to key management personnel.

 
Page 7