REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
NCHL INVESTMENTS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
NCHL INVESTMENTS LIMITED |
NCHL INVESTMENTS LIMITED (Registered number: 12410528) |
Contents of the Financial Statements |
for the Year Ended 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
NCHL INVESTMENTS LIMITED |
Company Information |
for the Year Ended 31 JANUARY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 2C, Brosnan House |
175 Darkes Lane |
Potters Bar |
Hertfordshire |
EN6 1BW |
NCHL INVESTMENTS LIMITED (Registered number: 12410528) |
Balance Sheet |
31 JANUARY 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
NCHL INVESTMENTS LIMITED (Registered number: 12410528) |
Balance Sheet - continued |
31 JANUARY 2024 |
The financial statements were approved by the director and authorised for issue on |
NCHL INVESTMENTS LIMITED (Registered number: 12410528) |
Notes to the Financial Statements |
for the Year Ended 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
NCHL INVESTMENTS LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
31.1.24 | 31.1.23 |
£ | £ |
Participating interests |
Other loans |
NCHL INVESTMENTS LIMITED (Registered number: 12410528) |
Notes to the Financial Statements - continued |
for the Year Ended 31 JANUARY 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 February 2023 |
and 31 January 2024 | 99 |
NET BOOK VALUE |
At 31 January 2024 | 99 |
At 31 January 2023 | 99 |
Other |
loans |
£ |
At 1 February 2023 |
Repayment in year | ( |
) |
At 31 January 2024 |
The company owns 99 C Ordinary shares in Norfolk Care Homes Limited. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2023 |
and 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
The director valued the investment property on 31 January 2024 and there was no significant difference to the cost. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Trade debtors |
7. | CURRENT ASSET INVESTMENTS |
31.1.24 | 31.1.23 |
£ | £ |
Other |
NCHL INVESTMENTS LIMITED (Registered number: 12410528) |
Notes to the Financial Statements - continued |
for the Year Ended 31 JANUARY 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Other loans |
Accrued expenses |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.24 | 31.1.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | RELATED PARTY DISCLOSURES |
Transactions |
Norfolk Care Homes Limited |
During the year the company repaid loans totalling £115,000 to Norfolk Care Homes Limited, a company in which NCHL Investments Limited is a shareholder. At the year end there was a loan balance outstanding of £52,000 (2023: £167,000). |
Three Willows Care Limited |
During the year the company repaid loans totalling £60,000 to Three Willows Care Home Limited, a related company by virtue of common ownership and control. At the year end there was a loan balance outstanding of £140,000 (2023: £200,000). |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is S A Hussain. |