Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse00falsefalse 12961772 2023-05-01 2024-04-30 12961772 2022-05-01 2023-04-30 12961772 2024-04-30 12961772 2023-04-30 12961772 2022-05-01 12961772 1 2023-05-01 2024-04-30 12961772 1 2022-05-01 2023-04-30 12961772 d:Director1 2023-05-01 2024-04-30 12961772 d:Director2 2023-05-01 2024-04-30 12961772 d:RegisteredOffice 2023-05-01 2024-04-30 12961772 e:FurnitureFittings 2023-05-01 2024-04-30 12961772 e:FurnitureFittings 2024-04-30 12961772 e:FurnitureFittings 2023-04-30 12961772 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12961772 e:FreeholdInvestmentProperty 2024-04-30 12961772 e:FreeholdInvestmentProperty 2023-04-30 12961772 e:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 12961772 e:CurrentFinancialInstruments 2024-04-30 12961772 e:CurrentFinancialInstruments 2023-04-30 12961772 e:Non-currentFinancialInstruments 2024-04-30 12961772 e:Non-currentFinancialInstruments 2023-04-30 12961772 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 12961772 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 12961772 e:Non-currentFinancialInstruments e:AfterOneYear 2024-04-30 12961772 e:Non-currentFinancialInstruments e:AfterOneYear 2023-04-30 12961772 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-04-30 12961772 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-04-30 12961772 e:ShareCapital 2023-05-01 2024-04-30 12961772 e:ShareCapital 2024-04-30 12961772 e:ShareCapital 2022-05-01 2023-04-30 12961772 e:ShareCapital 2023-04-30 12961772 e:ShareCapital 2022-05-01 12961772 e:RevaluationReserve 2023-05-01 2024-04-30 12961772 e:RevaluationReserve 2024-04-30 12961772 e:RevaluationReserve 2022-05-01 2023-04-30 12961772 e:RevaluationReserve 2023-04-30 12961772 e:RevaluationReserve 2022-05-01 12961772 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 12961772 e:RetainedEarningsAccumulatedLosses 2024-04-30 12961772 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 12961772 e:RetainedEarningsAccumulatedLosses 2023-04-30 12961772 e:RetainedEarningsAccumulatedLosses 2022-05-01 12961772 e:OtherDeferredTax 2024-04-30 12961772 e:OtherDeferredTax 2023-04-30 12961772 d:FRS102 2023-05-01 2024-04-30 12961772 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12961772 d:FullAccounts 2023-05-01 2024-04-30 12961772 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12961772 5 2023-05-01 2024-04-30 12961772 6 2023-05-01 2024-04-30 12961772 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 12961772


 
 
 
 
NRDUK LTD
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




















img630a.png

 
NRDUK LTD
 
 
COMPANY INFORMATION


Directors
L Davis 
M Davis 




Registered number
12961772



Registered office
S D C Self Storage Ltd
Collingwood Road

Wimborne

Dorset

BH21 6QQ




Accountants
Griffin 
Chartered Accountants

Courtenay House

Pynes Hill

Exeter

EX2 5AZ





 
NRDUK LTD
 

CONTENTS



Page
Directors' report
1
Profit and loss account
2
Balance sheet
3 - 4
Statement of changes in equity
5 - 6
Notes to the financial statements
7 - 13


 
NRDUK LTD
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

Directors

The directors who served during the year were:

L Davis 
M Davis 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 12 November 2024 and signed on its behalf.
 





M Davis
Director

Page 1

 
NRDUK LTD
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024

2024
2023
Note
£
£

  

Turnover
  
25,393
18,338

Gross profit
  
25,393
18,338

Administrative expenses
  
(54,290)
(7,691)

Fair value movements
  
15,519
8,000

Operating (loss)/profit
  
(13,378)
18,647

Income from shares in group undertakings
  
75,500
156,500

Interest payable and similar expenses
  
(7,917)
(2,864)

Profit before tax
  
54,205
172,283

Tax on profit
  
(4,098)
(4,139)

Profit for the financial year
  
50,107
168,144

The notes on pages 7 to 13 form part of these financial statements.

Page 2

 
NRDUK LTD
REGISTERED NUMBER:12961772

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
871
-

Investments
 5 
250
250

Investment property
 6 
595,000
579,481

  
596,121
579,731

Current assets
  

Debtors: amounts falling due within one year
 7 
1,720
1,400

Cash at bank and in hand
  
613
21,952

  
2,333
23,352

Creditors: amounts falling due within one year
 8 
(19,928)
(3,262)

Net current (liabilities)/assets
  
 
 
(17,595)
 
 
20,090

Total assets less current liabilities
  
578,526
599,821

Creditors: amounts falling due after more than one year
 9 
(183,063)
(183,063)

Provisions for liabilities
  

Deferred tax
 11 
(8,898)
(4,800)

  
 
 
(8,898)
 
 
(4,800)

Net assets
  
386,565
411,958


Capital and reserves
  

Called up share capital 
  
250
250

Revaluation reserve
  
26,040
14,400

Profit and loss account
  
360,275
397,308

  
386,565
411,958


Page 3

 
NRDUK LTD
REGISTERED NUMBER:12961772
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 Company's financial statements have been prepared in accordance with the 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 12 November 2024.




M Davis
Director

The notes on pages 7 to 13 form part of these financial statements.

Page 4

 
NRDUK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2023
250
14,400
397,308
411,958


Comprehensive income for the year

Profit for the year

-
-
50,107
50,107


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
50,107
50,107


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(75,500)
(75,500)

Transfer to/from profit and loss account
-
11,640
(11,640)
-


Total transactions with owners
-
11,640
(87,140)
(75,500)


At 30 April 2024
250
26,040
360,275
386,565


The notes on pages 7 to 13 form part of these financial statements.

Page 5

 
NRDUK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 May 2022
250
9,072
310,992
320,314


Comprehensive income for the year

Profit for the year

-
-
168,144
168,144


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
168,144
168,144


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(76,500)
(76,500)

Transfer to/from profit and loss account
-
5,328
(5,328)
-


Total transactions with owners
-
5,328
(81,828)
(76,500)


At 30 April 2023
250
14,400
397,308
411,958


The notes on pages 7 to 13 form part of these financial statements.

Page 6

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

NRDUK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12961772. The registered office is S D C Self Storage Ltd Collingwood Road, West Moors, Wimborne, Dorset, BH21 6QQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Page 7

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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:

Fixtures and fittings
-
33%

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.

Page 8

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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.

 
2.13

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.

Page 9

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,306



At 30 April 2024

1,306



Depreciation


Charge for the year on owned assets
435



At 30 April 2024

435



Net book value



At 30 April 2024
871



At 30 April 2023
-

Page 10

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
250



At 30 April 2024
250





6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
579,481


Surplus on revaluation
15,519



At 30 April 2024
595,000

The 2024 valuations were made by the Company Directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
560,281
560,281

560,281
560,281

Page 11

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Other debtors
1,720
1,400

1,720
1,400



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
1,467

Other creditors
18,917
832

Accruals and deferred income
1,011
963

19,928
3,262



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
183,063
183,063

183,063
183,063



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
183,063
183,063

183,063
183,063

183,063
183,063


Page 12

 
NRDUK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024


£






At beginning of year
(4,800)


Charged to profit or loss
(4,098)



At end of year
(8,898)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gain on investment property
(8,898)
(4,800)

(8,898)
(4,800)

 
Page 13