Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-0122falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14488195 2023-04-01 2024-03-31 14488195 2022-04-01 2023-03-31 14488195 2024-03-31 14488195 2023-03-31 14488195 c:Director1 2023-04-01 2024-03-31 14488195 c:Director2 2023-04-01 2024-03-31 14488195 d:Buildings 2023-04-01 2024-03-31 14488195 d:Buildings 2024-03-31 14488195 d:Buildings 2023-03-31 14488195 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14488195 d:CurrentFinancialInstruments 2024-03-31 14488195 d:CurrentFinancialInstruments 2023-03-31 14488195 d:Non-currentFinancialInstruments 2024-03-31 14488195 d:Non-currentFinancialInstruments 2023-03-31 14488195 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14488195 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14488195 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14488195 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14488195 d:ShareCapital 2024-03-31 14488195 d:ShareCapital 2023-03-31 14488195 d:RetainedEarningsAccumulatedLosses 2024-03-31 14488195 d:RetainedEarningsAccumulatedLosses 2023-03-31 14488195 c:FRS102 2023-04-01 2024-03-31 14488195 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14488195 c:FullAccounts 2023-04-01 2024-03-31 14488195 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14488195 2 2023-04-01 2024-03-31 14488195 6 2023-04-01 2024-03-31 14488195 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 14488195













NDBF Holdings Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
NDBF Holdings Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
251,098
-

Investments
  
17,424
-

  
268,522
-

Current assets
  

Debtors
 6 
2,277
-

Cash at bank and in hand
  
102,904
100

  
105,181
100

Creditors: amounts falling due within one year
 7 
(125,732)
-

Net current (liabilities)/assets
  
 
 
(20,551)
 
 
100

Total assets less current liabilities
  
247,971
100

Creditors: amounts falling due after more than one year
 8 
(283,011)
-

  

Net (liabilities)/assets
  
(35,040)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(35,140)
-

Shareholders' (deficit)/funds
  
(35,040)
100


1

 
NDBF Holdings Limited

    
Balance sheet (continued)
At 31 March 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 on 28 October 2024.




N A O Duarte
B M M Ferreira
Director
Director

Registered number: 14488195
The notes on pages 3 to 6 form part of these financial statements. 

2

 
NDBF Holdings Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

NDBF Holdings Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England & Wales. The address of the registered office is 2nd Floor Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

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

Revenue

The turnover recognised in the profit and loss account represents rental income receivable during the year.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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.

Depreciation 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%
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.

3

 
NDBF Holdings Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

4

 
NDBF Holdings Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

3.


Employees

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


4.


Tangible fixed assets





Freehold property

£



Cost


Additions
253,640



At 31 March 2024

253,640



Depreciation


Charge for the year
2,542



At 31 March 2024

2,542



Net book value



At 31 March 2024
251,098



At 31 March 2023
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
17,424



At 31 March 2024
17,424




5

 
NDBF Holdings Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

6.


Debtors

2024
2023
£
£


Other debtors
2,277
-

2,277
-



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
12,129
-

Trade creditors
600
-

Amounts owed to group undertakings
42,080
-

Other creditors
67,383
-

Accruals and deferred income
3,540
-

125,732
-



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
283,011
-

283,011
-



9.


Related party transactions

During the year, the company operated on normal commercial terms with Amber Valley Practice Limited.  amount due to Amber Valley Practice Limited at 31 March 2024 was £42,080 (2023: £nil due to Amber Valley Practice Limited).

 
6