Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30No description of principal activity2023-10-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00001346 2023-10-01 2024-09-30 00001346 2022-10-01 2023-09-30 00001346 2024-09-30 00001346 2023-09-30 00001346 c:Director1 2023-10-01 2024-09-30 00001346 d:Buildings 2023-10-01 2024-09-30 00001346 d:Buildings 2024-09-30 00001346 d:Buildings 2023-09-30 00001346 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00001346 d:FurnitureFittings 2023-10-01 2024-09-30 00001346 d:FurnitureFittings 2024-09-30 00001346 d:FurnitureFittings 2023-09-30 00001346 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00001346 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 00001346 d:OtherPropertyPlantEquipment 2024-09-30 00001346 d:OtherPropertyPlantEquipment 2023-09-30 00001346 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00001346 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00001346 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 00001346 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 00001346 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 00001346 d:FreeholdInvestmentProperty 2024-09-30 00001346 d:FreeholdInvestmentProperty 2023-09-30 00001346 d:CurrentFinancialInstruments 2024-09-30 00001346 d:CurrentFinancialInstruments 2023-09-30 00001346 d:Non-currentFinancialInstruments 2024-09-30 00001346 d:Non-currentFinancialInstruments 2023-09-30 00001346 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00001346 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00001346 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00001346 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00001346 d:ShareCapital 2024-09-30 00001346 d:ShareCapital 2023-09-30 00001346 d:CapitalRedemptionReserve 2024-09-30 00001346 d:CapitalRedemptionReserve 2023-09-30 00001346 d:RetainedEarningsAccumulatedLosses 2024-09-30 00001346 d:RetainedEarningsAccumulatedLosses 2023-09-30 00001346 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00001346 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00001346 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 00001346 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 00001346 c:OrdinaryShareClass1 2023-10-01 2024-09-30 00001346 c:OrdinaryShareClass1 2024-09-30 00001346 c:OrdinaryShareClass1 2023-09-30 00001346 c:FRS102 2023-10-01 2024-09-30 00001346 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00001346 c:FullAccounts 2023-10-01 2024-09-30 00001346 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00001346 d:Subsidiary1 2023-10-01 2024-09-30 00001346 d:Subsidiary1 1 2023-10-01 2024-09-30 00001346 d:Subsidiary2 2023-10-01 2024-09-30 00001346 d:Subsidiary2 1 2023-10-01 2024-09-30 00001346 2 2023-10-01 2024-09-30 00001346 6 2023-10-01 2024-09-30 00001346 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-10-01 2024-09-30 00001346 1 2024-09-30 00001346 2 2024-09-30 00001346 1 2023-09-30 00001346 2 2023-09-30 00001346 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00001346










N.P.K. HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
N.P.K. HOLDINGS LIMITED
REGISTERED NUMBER: 00001346

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
-
3,877

Tangible assets
 5 
440,134
446,782

Investments
 6 
1,021,119
1,004,434

Investment property
 8 
10,339,754
10,339,754

  
11,801,007
11,794,847

CURRENT ASSETS
  

Stocks
  
1,626
1,626

Debtors: amounts falling due within one year
 9 
51,743
78,089

Cash at bank and in hand
  
69,043
6,542

  
122,412
86,257

Creditors: amounts falling due within one year
 10 
(260,337)
(1,512,304)

NET CURRENT LIABILITIES
  
 
 
(137,925)
 
 
(1,426,047)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
11,663,082
10,368,800

Creditors: amounts falling due after more than one year
 11 
(1,542,869)
(382,924)

Deferred tax
 12 
(510,854)
(452,605)

NET ASSETS
  
9,609,359
9,533,271


CAPITAL AND RESERVES
  

Called up share capital 
 13 
169,543
169,543

Capital redemption reserve
  
284,030
284,030

Profit and loss account
  
9,155,786
9,079,698

  
9,609,359
9,533,271


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.
Page 1

 
N.P.K. HOLDINGS LIMITED
REGISTERED NUMBER: 00001346
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


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: 




R J M Keatley 
Director

Date: 10 February 2025

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

N.P.K. Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 37 Cambridge Place, Cambridge, CB2 1NS.
The Company's functional and presentational currency is 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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of the following:

Rental income during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised at the fair value of the consideration received or receivable and is recognised over the period to which the rental income relates.
Trading stock sold during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised as the fair value of the consideration received or receivable and is recognised on the date that legal ownership is transferred.

 
2.3

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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 3

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

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
Fixtures and fittings
-
10-33% straight line
Investment chattels
-
not depreciated

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.

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually 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 the Statement of Income and Retained Earnings. 

 
2.6

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 Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less 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.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

DEBTORS

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

Page 4

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

INTEREST INCOME

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

 
2.15

BORROWING COSTS

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

Page 5

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.16

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.



3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


INTANGIBLE ASSETS




Intangible assets

£



COST


At 1 October 2023
10,202



At 30 September 2024

10,202



AMORTISATION


At 1 October 2023
6,325


Charge for the year on owned assets
102


Impairment charge
3,775



At 30 September 2024

10,202



NET BOOK VALUE



At 30 September 2024
-



At 30 September 2023
3,877



Page 7

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures and fittings
Investment chattels
Total

£
£
£
£



COST


At 1 October 2023
461,917
229,641
90,669
782,227


Disposals
-
(93,073)
-
(93,073)



At 30 September 2024

461,917
136,568
90,669
689,154



DEPRECIATION


At 1 October 2023
106,423
229,022
-
335,445


Charge for the year
6,215
433
-
6,648


Disposals
-
(93,073)
-
(93,073)



At 30 September 2024

112,638
136,382
-
249,020



NET BOOK VALUE



At 30 September 2024
349,279
186
90,669
440,134



At 30 September 2023
355,494
619
90,669
446,782

Page 8

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies
Listed investments
Other investments
Total

£
£
£
£



COST OR VALUATION


At 1 October 2023
2,000
1,001,197
1,237
1,004,434


Additions
-
37,920
-
37,920


Disposals
-
(171,034)
(187,935)
(358,969)


Revaluations
-
149,799
-
149,799


Impairment reversal
-
-
187,935
187,935



At 30 September 2024
2,000
1,017,882
1,237
1,021,119






NET BOOK VALUE



At 30 September 2024
2,000
1,017,882
1,237
1,021,119



At 30 September 2023
2,000
1,001,197
1,237
1,004,434


7.



SUBSIDIARY UNDERTAKINGS





The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Cantabrigia Limited
Dormant
Ordinary
100%
Nash Fordham Limited
Dormant
Ordinary
100%

The aggregate of the share capital and reserves as at 30 September 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Cantabrigia Limited
2,000
-

Nash Fordham Limited
-
-

Page 9

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 October 2023
10,339,754



AT 30 SEPTEMBER 2024
10,339,754


COMPRISING


Cost
7,272,648

Annual revaluation surplus/(deficit):
Annual revaluation surplus/(deficit):

2022 and previous
3,067,106

At 30 September 2024
10,339,754

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







9.


DEBTORS

2024
2023
£
£


Trade debtors
4,551
7,141

Other debtors
16,971
30,413

Prepayments and accrued income
30,221
40,535

51,743
78,089


Page 10

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
-
108,011

Bank loans
29,463
1,194,962

Amounts owed to group undertakings
2,000
2,000

Corporation tax
34,643
13,075

Other creditors
118,546
99,478

Accruals and deferred income
75,685
94,778

260,337
1,512,304


Bank overdrafts and bank loans disclosed under creditors falling due within one year are secured by a charge on the Company's assets.


11.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
1,542,869
382,924



12.


DEFERRED TAXATION




2024


£






At beginning of year
452,605


Charged to profit or loss
58,249



AT END OF YEAR
510,854

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(1,136)
15,358

Capital gains
511,990
437,247

510,854
452,605

Page 11

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



169,543 (2023 - 169,543) Ordinary shares of £1.00 each
169,543
169,543


Page 12

 
N.P.K. HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
From time to time the Company is approached by shareholders who wish to buy or sell shares.

As shareholders are aware, the Company is a private company and dealings in the Company's shares are restricted.

However, the Company maintains lists of both buyers and sellers and does whatever it can to assist both classes.

Enquiries should be addressed to:
The Company Secretary
N.P.K. Holdings Limited
37 Cambridge Place
Cambridge
CB2 1NS
Page 13