Period from 13 September 2022 to
Registration number:
Nicol & Andrew Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Nicol & Andrew Holdings Limited
Company Information
Directors |
Mr G T M Karlsson Mr D S Sneddon |
Registered office |
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Accountants |
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Nicol & Andrew Holdings Limited
Balance Sheet
31 October 2023
Note |
2023 |
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Fixed assets |
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Investments |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 14352663
Nicol & Andrew Holdings Limited
Notes to the Unaudited Financial Statements
Period from 13 September 2022 to 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006. The disclosure requirements of Section 1A have been applied other than where additional disclosure is required to show a true and fair view.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The directors consider the prospects of the Group to be strong for the next 12 months with a growing order book and strengthening relationships with key customers. Improvement actions and synergies with the Leviathan Engineering Group further underpin this confidence.
Consequently, the directors are confident that the Group will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concen basis.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation 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 taxable income.
Nicol & Andrew Holdings Limited
Notes to the Unaudited Financial Statements
Period from 13 September 2022 to 31 October 2023
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investments |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Carrying amount |
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At 31 October 2023 |
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Nicol & Andrew Holdings Limited
Notes to the Unaudited Financial Statements
Period from 13 September 2022 to 31 October 2023
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) 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 |
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2023 |
2022 |
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Subsidiary undertakings |
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28 Speed House Barbican
England and Wales |
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28 Speed House Barbican
England and Wales |
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28 Speed House Barbican
England and Wales |
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The subsidiaries were all acquired on the 24th March 2023.
Subsidiary undertakings |
Nicol & Andrew Limited The principal activity of Nicol & Andrew Limited is |
Nicol & Andrew MSPE Limited The principal activity of Nicol & Andrew MSPE Limited is |
Hempstead & Johnson The principal activity of Hempstead & Johnson is |
Nicol & Andrew Holdings Limited
Notes to the Unaudited Financial Statements
Period from 13 September 2022 to 31 October 2023
Share capital |
2023 |
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No |
£ |
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Ordinary shares of £1 each |
14,635 |
14,635 |
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
Relationship between entity and parents
The parent of the smallest group in which these financial statements are consolidated is
The address of Leviathan Newco 3 Limited is: