NCF Holdings Limited 06665199 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true true false true true true 06665199 2023-01-01 2023-12-31 06665199 2023-12-31 06665199 core:CurrentFinancialInstruments 2023-12-31 06665199 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06665199 bus:SmallEntities 2023-01-01 2023-12-31 06665199 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06665199 bus:FullAccounts 2023-01-01 2023-12-31 06665199 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06665199 bus:RegisteredOffice 2023-01-01 2023-12-31 06665199 bus:Director1 2023-01-01 2023-12-31 06665199 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06665199 core:OtherRelatedParties 2023-01-01 2023-12-31 06665199 core:Subsidiary1 2023-01-01 2023-12-31 06665199 core:Subsidiary1 1 2023-01-01 2023-12-31 06665199 core:Subsidiary2 2023-01-01 2023-12-31 06665199 core:Subsidiary2 1 2023-01-01 2023-12-31 06665199 core:Subsidiary3 2023-01-01 2023-12-31 06665199 core:Subsidiary3 1 2023-01-01 2023-12-31 06665199 countries:EnglandWales 2023-01-01 2023-12-31 06665199 2022-01-01 2022-12-31 06665199 2022-12-31 06665199 core:CurrentFinancialInstruments 2022-12-31 06665199 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06665199 core:Subsidiary1 1 2022-01-01 2022-12-31 06665199 core:Subsidiary2 1 2022-01-01 2022-12-31 06665199 core:Subsidiary3 1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 06665199

Prepared for the registrar

NCF Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

NCF Holdings Limited

(Registration number: 06665199)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

300

300

Current assets

 

Debtors

5

18,404

18,404

Creditors: Amounts falling due within one year

6

(200)

(200)

Net current assets

 

18,204

18,204

Net assets

 

18,504

18,504

Capital and reserves

 

Called up share capital

18,504

18,504

Shareholders' funds

 

18,504

18,504

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 


N Fitzakerley
Director

 

NCF Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
469-471 Durham Road
Lowfell
Gateshead
Tyne and Wear
NE9 5EX

 

2

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Dividends on equity securities are recognised in income when receivable.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

NCF Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

4

Investments

2023
£

2022
£

Investments in subsidiaries

300

300

Subsidiaries

£

Cost and carrying amount

At 31 December 2022 and at 31 December 2022

300

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

     

2023

2022

Subsidiary undertakings

NGU Homelettings Limited

Ordinary

100%

100%

NGU Homesales Limited

Ordinary

100%

100%

NGU Property Refurbishments Limited

Ordinary

100%

100%

 

NCF Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Subsidiary undertakings

NGU Homelettings Limited

The principal activity of NGU Homelettings Limited is residential letting services.

NGU Homesales Limited

The principal activity of NGU Homesales Limited is property investment services.

NGU Property Refurbishments Limited

The principal activity of NGU Property Refurbishments Limited is property management.

 

5

Debtors

Note

2023
 £

2022
 £

Amounts owed by related parties

7

18,404

18,404

 

6

Creditors

Note

2023
 £

2022
 £

Due within one year

 

Amounts due to related parties

7

200

200

 

7

Related party transactions

At 31 December 2023, the company was owed £18,404 (2022: £18,404) by NGU Homelettings Limited, a subsidiary undertaking.

At 31 December 2023, the company owed £100 (2022: £100) to NGU Homesales Limited, a subsidiary undertaking.

At 31 December 2023, the company owed £100 (2022: £100) to NGU Property Refurbishments Limited, a subsidiary undertaking.

These loans are interest free and have no fixed repayment terms.