Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 September 2022 false 1 April 2023 31 March 2024 31 March 2024 12833893 Mr THAYAPARAN NALLIAH NTS HOLDING LTD 53 Burlington Road, New Malden, KT3 4LP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12833893 2023-03-31 12833893 2024-03-31 12833893 2023-04-01 2024-03-31 12833893 frs-core:CurrentFinancialInstruments 2024-03-31 12833893 frs-core:Non-currentFinancialInstruments 2024-03-31 12833893 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 12833893 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 12833893 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 12833893 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 12833893 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12833893 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 12833893 frs-core:ShareCapital 2024-03-31 12833893 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12833893 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12833893 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12833893 frs-bus:SmallEntities 2023-04-01 2024-03-31 12833893 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12833893 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12833893 1 2023-04-01 2024-03-31 12833893 frs-bus:Director1 2023-04-01 2024-03-31 12833893 frs-countries:EnglandWales 2023-04-01 2024-03-31 12833893 2022-08-31 12833893 2023-03-31 12833893 2022-09-01 2023-03-31 12833893 frs-core:CurrentFinancialInstruments 2023-03-31 12833893 frs-core:Non-currentFinancialInstruments 2023-03-31 12833893 frs-core:ShareCapital 2023-03-31 12833893 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12833893
NTS GRAYS LTD
Financial Statements
For The Year Ended 31 March 2024
KS & CO ACCOUNTANTS
177 Hook Road
Surbiton
Surrey
KT6 5AR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12833893
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 39,893 23,665
Tangible Assets 5 2,436,407 2,436,407
2,476,300 2,460,072
CURRENT ASSETS
Debtors 6 749 1,893
Cash at bank and in hand 363,419 414,344
364,168 416,237
Creditors: Amounts Falling Due Within One Year 7 (21,650 ) (16,200 )
NET CURRENT ASSETS (LIABILITIES) 342,518 400,037
TOTAL ASSETS LESS CURRENT LIABILITIES 2,818,818 2,860,109
Creditors: Amounts Falling Due After More Than One Year 8 (2,900,000 ) (2,900,000 )
NET LIABILITIES (81,182 ) (39,891 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (81,282 ) (39,991 )
SHAREHOLDERS' FUNDS (81,182) (39,891)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr THAYAPARAN NALLIAH
Director
26/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NTS GRAYS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12833893 . The registered office is 57 Blakes Avenue, New Malden, Surrey, KT3 6RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 26,294
Additions 20,661
As at 31 March 2024 46,955
Amortisation
As at 1 April 2023 2,629
Impairment losses 4,433
As at 31 March 2024 7,062
Net Book Value
As at 31 March 2024 39,893
As at 1 April 2023 23,665
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Page 4
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 2,436,407
As at 31 March 2024 2,436,407
Net Book Value
As at 31 March 2024 2,436,407
As at 1 April 2023 2,436,407
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors - 1,893
VAT 155 -
Amounts owed by subsidiaries 594 -
749 1,893
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Other creditors 4,250 -
Accruals and deferred income 2,400 1,200
Director's loan account 15,000 15,000
21,650 16,200
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Amounts owed to related parties 2,900,000 2,900,000
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
NTS Retail Ltd£2,900,000 is owed to NTS Retail Ltd by NTS Grays Ltd

NTS Retail Ltd

£2,900,000 is owed to NTS Retail Ltd by NTS Grays Ltd

11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is NTS HOLDING LTD . NTS HOLDING LTD was incorporated in England and prepares the group financial statements. The registered office of NTS HOLDING LTD is 53 Burlington Road, New Malden, KT3 4LP . The ultimate controlling party is NTS HOLDING LTD who controls 100% of the shares of NTS GRAYS LTD .
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Page 5
12. Audit Exemption
This company is entitled to exemption from audit under Section 479 of the Companies Act 2006 relating to subsidiary companies for the period ended 31 March 2024.
Page 5