Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10525702 2023-04-01 2024-03-31 10525702 2022-04-01 2023-03-31 10525702 2024-03-31 10525702 2023-03-31 10525702 c:Director1 2023-04-01 2024-03-31 10525702 d:Buildings 2023-04-01 2024-03-31 10525702 d:Buildings 2024-03-31 10525702 d:Buildings 2023-03-31 10525702 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10525702 d:CurrentFinancialInstruments 2024-03-31 10525702 d:CurrentFinancialInstruments 2023-03-31 10525702 d:Non-currentFinancialInstruments 2024-03-31 10525702 d:Non-currentFinancialInstruments 2023-03-31 10525702 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10525702 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10525702 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10525702 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10525702 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 10525702 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 10525702 d:ShareCapital 2024-03-31 10525702 d:ShareCapital 2023-03-31 10525702 d:RetainedEarningsAccumulatedLosses 2024-03-31 10525702 d:RetainedEarningsAccumulatedLosses 2023-03-31 10525702 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10525702 c:OrdinaryShareClass1 2024-03-31 10525702 c:OrdinaryShareClass1 2023-03-31 10525702 c:FRS102 2023-04-01 2024-03-31 10525702 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10525702 c:FullAccounts 2023-04-01 2024-03-31 10525702 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10525702 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10525702









NVD HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
NVD HOLDINGS LIMITED
REGISTERED NUMBER: 10525702

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
6,305,000
6,435,000

  
6,305,000
6,435,000

Current assets
  

Cash at bank and in hand
 5 
2,405
3,153

  
2,405
3,153

Creditors: amounts falling due within one year
  
(2,644,343)
(2,276,848)

Net current liabilities
  
 
 
(2,641,938)
 
 
(2,273,695)

Total assets less current liabilities
  
3,663,062
4,161,305

Creditors: amounts falling due after more than one year
  
(4,387,500)
(4,387,500)

  

Net liabilities
  
(724,438)
(226,195)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(724,439)
(226,196)

  
(724,438)
(226,195)


The director considers 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 director acknowledges her 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 24 September 2024.


Page 1

 
NVD HOLDINGS LIMITED
REGISTERED NUMBER: 10525702
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024



Neha S Hirananani
Director

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

Page 2

 
NVD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private limited company, limited by share capital and incorporated in England and Wales. The registered office is 6 York Street, London W1U 6QD.

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

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

Land is not depreciated. Depreciation on other assets 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:

Freehold property
-
2%
Over 50 years straight line

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.

 
2.5

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.

Page 3

 
NVD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.


3.


Employees




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


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
6,500,000



At 31 March 2024

6,500,000



Depreciation


At 1 April 2023
65,000


Charge for the year on owned assets
130,000



At 31 March 2024

195,000



Net book value



At 31 March 2024
6,305,000



At 31 March 2023
6,435,000

Page 4

 
NVD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,405
3,153

2,405
3,153



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
2,585,299
2,274,298

Accruals and deferred income
59,044
2,550

2,644,343
2,276,848



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,387,500
4,387,500

4,387,500
4,387,500



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
4,387,500
4,387,500

4,387,500
4,387,500

4,387,500
4,387,500




Page 5

 
NVD HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Related party transactions

At the year end the director of the company was owed £2,585,299 (2023: £2,274,298). There are no interest or repayment terms for this loan.

 
Page 6