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No description of principal activity
2023-02-01
Sage Accounts Production Advanced 2021 - FRS102_2021
17,331,374
17,331,374
17,331,374
xbrli:pure
xbrli:shares
iso4217:GBP
NI640098
2023-02-01
2024-01-31
NI640098
2024-01-31
NI640098
2023-01-31
NI640098
bus:RegisteredOffice
2023-02-01
2024-01-31
NI640098
bus:OrdinaryShareClass1
2023-02-01
2024-01-31
NI640098
bus:LeadAgentIfApplicable
2023-02-01
2024-01-31
NI640098
bus:Director1
2023-02-01
2024-01-31
NI640098
bus:Director2
2023-02-01
2024-01-31
NI640098
core:WithinOneYear
2024-01-31
NI640098
core:WithinOneYear
2023-01-31
NI640098
bus:OrdinaryShareClass1
2022-02-01
2023-01-31
NI640098
core:ShareCapital
2024-01-31
NI640098
core:ShareCapital
2023-01-31
NI640098
core:SharePremium
2024-01-31
NI640098
core:SharePremium
2023-01-31
NI640098
core:RetainedEarningsAccumulatedLosses
2024-01-31
NI640098
core:RetainedEarningsAccumulatedLosses
2023-01-31
NI640098
core:CostValuation
core:Non-currentFinancialInstruments
2024-01-31
NI640098
core:Non-currentFinancialInstruments
2024-01-31
NI640098
core:Non-currentFinancialInstruments
2023-01-31
NI640098
bus:SmallEntities
2023-02-01
2024-01-31
NI640098
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2023-02-01
2024-01-31
NI640098
bus:FullAccounts
2023-02-01
2024-01-31
NI640098
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2023-02-01
2024-01-31
NI640098
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NI640098
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NI640098
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2023-01-31
COMPANY REGISTRATION NUMBER:
NI640098
ND INVESTMENTS (NI) LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
ND INVESTMENTS (NI) LIMITED |
|
YEAR ENDED 31 JANUARY 2024
Officers and professional advisers |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
ND INVESTMENTS (NI) LIMITED |
|
OFFICERS AND PROFESSIONAL ADVISERS |
|
The board of directors |
Mr N Doyle |
|
Mr C Doyle |
|
|
Registered office |
Linenhall Exchange |
|
1st Floor |
|
26 Linenhall Street |
|
Belfast |
|
BT2 8BG |
|
|
Accountants |
FEB Chartered Accountants |
|
Chartered accountants |
|
Linenhall Exchange |
|
1st Floor, |
|
26 Linenhall Street |
|
Belfast |
|
Northern Ireland |
|
BT2 8BG |
|
|
ND INVESTMENTS (NI) LIMITED |
|
STATEMENT OF FINANCIAL POSITION |
|
31 January 2024
Fixed assets
Investments |
5 |
17,331,374 |
17,331,374 |
|
|
|
|
Current assets
Debtors |
6 |
19,948,294 |
13,785,340 |
Cash at bank and in hand |
3,598,708 |
11,215,327 |
|
------------- |
------------- |
|
23,547,002 |
25,000,667 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
5,119 |
2,619 |
|
------------- |
------------- |
Net current assets |
23,541,883 |
24,998,048 |
|
------------- |
------------- |
Total assets less current liabilities |
40,873,257 |
42,329,422 |
|
------------- |
------------- |
Net assets |
40,873,257 |
42,329,422 |
|
------------- |
------------- |
|
|
|
|
Capital and reserves
Called up share capital |
8 |
1,000 |
1,000 |
Share premium account |
9 |
932,748 |
932,748 |
Profit and loss account |
9 |
39,939,509 |
41,395,674 |
|
------------- |
------------- |
Shareholders funds |
40,873,257 |
42,329,422 |
|
------------- |
------------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
ND INVESTMENTS (NI) LIMITED |
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
31 January 2024
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2024
, and are signed on behalf of the board by:
Mr N Doyle |
Mr C Doyle |
Director |
Director |
|
|
Company registration number:
NI640098
ND INVESTMENTS (NI) LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 JANUARY 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Linenhall Exchange, 1st Floor, 26 Linenhall Street, Belfast, BT2 8BG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
(b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
|
2024 |
2023 |
|
£ |
£ |
Dividends on equity shares |
761,522 |
761,000 |
|
--------- |
--------- |
|
|
|
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 February 2023 and 31 January 2024 |
17,331,374 |
|
------------- |
Impairment |
|
At 1 February 2023 and 31 January 2024 |
– |
|
------------- |
|
|
Carrying amount |
|
At 31 January 2024 |
17,331,374 |
|
------------- |
At 31 January 2023 |
17,331,374 |
|
------------- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
19,890,381 |
13,727,927 |
Other debtors |
57,913 |
57,413 |
|
------------- |
------------- |
|
19,948,294 |
13,785,340 |
|
------------- |
------------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
5,119 |
2,619 |
|
------- |
------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 0.01 each |
100,000 |
1,000 |
100,000 |
1,000 |
|
--------- |
------- |
--------- |
------- |
|
|
|
|
|
9.
Reserves
Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.
10.
Directors' advances, credits and guarantees
During the year, the company declared dividends of £761,522 (2023: £761,000).
11.
Related party transactions
Wingate Square Capital Limited is related to ND Investments (NI) Limited by virtue of common control. During the year the company made net loans to Wingate Square Capital Limited of £6,816,720 (2023: £12,734,864). The balance outstanding to the company at the year end was £19,890,381(2023: £13,073,661).
12.
Controlling party
The ultimate controlling party is the majority shareholder and director Mr. N Doyle.