Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true12023-01-01false1falsefalse 12426458 2023-01-01 2023-12-31 12426458 2022-01-01 2022-12-31 12426458 2023-12-31 12426458 2022-12-31 12426458 c:Director1 2023-01-01 2023-12-31 12426458 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 12426458 d:Buildings d:ShortLeaseholdAssets 2023-12-31 12426458 d:Buildings d:ShortLeaseholdAssets 2022-12-31 12426458 d:FurnitureFittings 2023-01-01 2023-12-31 12426458 d:ComputerEquipment 2023-01-01 2023-12-31 12426458 d:CurrentFinancialInstruments 2023-12-31 12426458 d:CurrentFinancialInstruments 2022-12-31 12426458 d:Non-currentFinancialInstruments 2023-12-31 12426458 d:Non-currentFinancialInstruments 2022-12-31 12426458 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12426458 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12426458 d:ShareCapital 2023-12-31 12426458 d:ShareCapital 2022-12-31 12426458 d:RetainedEarningsAccumulatedLosses 2023-12-31 12426458 d:RetainedEarningsAccumulatedLosses 2022-12-31 12426458 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12426458 c:OrdinaryShareClass1 2023-12-31 12426458 c:FRS102 2023-01-01 2023-12-31 12426458 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12426458 c:FullAccounts 2023-01-01 2023-12-31 12426458 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12426458 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12426458










NOREEN LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NOREEN LTD
REGISTERED NUMBER: 12426458

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,434
-

Current assets
  

Debtors: amounts falling due after more than one year
 5 
120,000
-

Debtors: amounts falling due within one year
 5 
22,566
-

Cash at bank and in hand
  
13,699
2,242

  
156,265
2,242

Creditors: amounts falling due within one year
 6 
(213,548)
(5,679)

Net current liabilities
  
 
 
(57,283)
 
 
(3,437)

  

Net liabilities
  
(6,849)
(3,437)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(7,849)
(4,437)

  
(6,849)
(3,437)


The director considers 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 director acknowledges his 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 income and retained earnings 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 by: 



H Isa
Director

Date: 2 December 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
NOREEN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Noreen Ltd is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 1501, 4 Merchant Square, Harbet Road, London, W2 1AP.
The company's functional and presentational currency is Pounds Sterling (GBP).

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in existence for the forseeable future, being a period of at least twelve months form the date of approval of the financial statements.
The parent company intends to maintain their financial support of the company, by deferment of the amounts due to them and by other means.
The director is therefore satisfied that the company will have sufficient resources to enable it to continue in existence for the foreseeable future, and that it is therefore appropriate to prepare the financial statements on a going concern basis.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Taxation

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.


 
2.5

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.

Page 2

 
NOREEN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold property
-
15 years straight-line
Fixtures and fittings
-
20% on cost
Computer equipment
-
20% on cost

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
NOREEN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Leasehold property

£



Cost


Additions
51,055



At 31 December 2023

51,055



Depreciation


Charge for the year
621



At 31 December 2023

621



Net book value



At 31 December 2023
50,434



At 31 December 2022
-


5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
120,000
-


2023
2022
£
£

Due within one year

Trade debtors
4,200
-

Other debtors
18,366
-

22,566
-


Page 4

 
NOREEN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,800
180

Amounts owed to group undertakings
209,816
4,100

Accruals and deferred income
1,932
1,399

213,548
5,679



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000



8.


Contingent liabilities

The company is a member of a value added tax group of companies. It is thereby jointly and severally liable for any value added tax liabilities incurred by members of the group. As at 31 December 2023 the extent of this liability was £Nil.


9.


Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.


10.


Ultimate parent company

The immediate and ultimate parent company is Sea Gate Real Estate W.L.L., a company registered in Kingdom of Bahrain. The address of its registered office is 136, 83 Jeblat Hibshi, Block, 433, Bahrain, 20575.


Page 5