Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsetrue2023-02-01falseNo description of principal activity12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14175072 2023-02-01 2024-01-31 14175072 2022-06-15 2023-01-31 14175072 2024-01-31 14175072 2023-01-31 14175072 c:Director2 2023-02-01 2024-01-31 14175072 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 14175072 d:FreeholdInvestmentProperty 2024-01-31 14175072 d:FreeholdInvestmentProperty 2023-01-31 14175072 d:FreeholdInvestmentProperty 2 2023-02-01 2024-01-31 14175072 d:CurrentFinancialInstruments 2024-01-31 14175072 d:CurrentFinancialInstruments 2023-01-31 14175072 d:Non-currentFinancialInstruments 2024-01-31 14175072 d:Non-currentFinancialInstruments 2023-01-31 14175072 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14175072 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 14175072 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 14175072 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 14175072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 14175072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 14175072 d:ShareCapital 2024-01-31 14175072 d:ShareCapital 2023-01-31 14175072 d:OtherMiscellaneousReserve 2024-01-31 14175072 d:OtherMiscellaneousReserve 2023-01-31 14175072 d:RetainedEarningsAccumulatedLosses 2024-01-31 14175072 d:RetainedEarningsAccumulatedLosses 2023-01-31 14175072 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 14175072 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 14175072 c:OrdinaryShareClass1 2023-02-01 2024-01-31 14175072 c:OrdinaryShareClass1 2024-01-31 14175072 c:OrdinaryShareClass1 2023-01-31 14175072 c:FRS102 2023-02-01 2024-01-31 14175072 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 14175072 c:FullAccounts 2023-02-01 2024-01-31 14175072 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14175072 f:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14175072









NHG AYL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
NHG AYL LIMITED
REGISTERED NUMBER: 14175072

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
6,000,000
2,336,303

  
6,000,000
2,336,303

  

Creditors: amounts falling due within one year
 5 
(1,522,769)
(742,387)

Net current liabilities
  
 
 
(1,522,769)
 
 
(742,387)

Total assets less current liabilities
  
4,477,231
1,593,916

Creditors: amounts falling due after more than one year
 6 
(2,912,000)
(1,715,777)

Provisions for liabilities
  

Deferred tax
 8 
(511,197)
-

  
 
 
(511,197)
 
 
-

Net assets/(liabilities)
  
1,054,034
(121,861)


Capital and reserves
  

Called up share capital 
 9 
100
100

Other reserves
  
1,533,590
-

Profit and loss account
  
(479,656)
(121,961)

  
1,054,034
(121,861)


Page 1

 
NHG AYL LIMITED
REGISTERED NUMBER: 14175072
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 by: 




S B Wasserman
Director

Date: 25 September 2024

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

Page 2

 
NHG AYL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

NHG AYL Limited is a private company limited by shares and incorporated in England & Wales (registered number 14175072). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
NHG AYL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.6

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.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
NHG AYL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
2,336,303


Additions at cost
1,618,910


Surplus on revaluation
2,044,787



At 31 January 2024
6,000,000

The 2024 valuations were made by  the director, 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:

2024
2023
£
£


Historic cost
3,955,213
2,336,303

3,955,213
2,336,303


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,521,191
741,329

Other creditors
520
-

Accruals and deferred income
1,058
1,058

1,522,769
742,387


Page 5

 
NHG AYL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
2,912,000
1,715,777

2,912,000
1,715,777



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Other loans
2,912,000
1,715,777


2,912,000
1,715,777


2,912,000
1,715,777



8.


Deferred taxation




2024


£






Charged to profit or loss
(511,197)



At end of year
(511,197)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Revaluation reserve
(511,197)
-

(511,197)
-

Page 6

 
NHG AYL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary share shares of £1.00 each
100
100



10.


Related party transactions

At the year end the company owed £1,521,192 (2023: £375,287) to a company under the common control of one of the director.

 
Page 7