Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-11-01falseNo description of principal activity2718truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11637506 2022-11-01 2023-12-31 11637506 2021-11-01 2022-10-31 11637506 2023-12-31 11637506 2022-10-31 11637506 c:Director2 2022-11-01 2023-12-31 11637506 d:OfficeEquipment 2022-11-01 2023-12-31 11637506 d:OfficeEquipment 2023-12-31 11637506 d:OfficeEquipment 2022-10-31 11637506 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-12-31 11637506 d:ComputerEquipment 2022-11-01 2023-12-31 11637506 d:ComputerEquipment 2023-12-31 11637506 d:ComputerEquipment 2022-10-31 11637506 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-12-31 11637506 d:OwnedOrFreeholdAssets 2022-11-01 2023-12-31 11637506 d:CurrentFinancialInstruments 2023-12-31 11637506 d:CurrentFinancialInstruments 2022-10-31 11637506 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11637506 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11637506 d:ShareCapital 2023-12-31 11637506 d:ShareCapital 2022-10-31 11637506 d:SharePremium 2023-12-31 11637506 d:SharePremium 2022-10-31 11637506 d:RetainedEarningsAccumulatedLosses 2023-12-31 11637506 d:RetainedEarningsAccumulatedLosses 2022-10-31 11637506 c:FRS102 2022-11-01 2023-12-31 11637506 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-12-31 11637506 c:FullAccounts 2022-11-01 2023-12-31 11637506 c:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 11637506 2 2022-11-01 2023-12-31 11637506 6 2022-11-01 2023-12-31 11637506 e:PoundSterling 2022-11-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11637506









NM FIVE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
NM FIVE GROUP LIMITED
REGISTERED NUMBER: 11637506

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
 31 October
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
35,290
2,330

Investments
 5 
5,000
-

  
40,290
2,330

Current assets
  

Debtors: amounts falling due within one year
 6 
3,415,700
942,514

Cash at bank and in hand
 7 
1,826,461
359,581

  
5,242,161
1,302,095

Creditors: amounts falling due within one year
 8 
(5,063,360)
(1,201,607)

Net current assets
  
 
 
178,801
 
 
100,488

Total assets less current liabilities
  
219,091
102,818

  

Net assets
  
219,091
102,818


Capital and reserves
  

Called up share capital 
  
106
106

Share premium account
  
400,674
400,674

Profit and loss account
  
(181,689)
(297,962)

  
219,091
102,818


Page 1

 
NM FIVE GROUP LIMITED
REGISTERED NUMBER: 11637506
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 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 on 4 March 2025.




N Watzenig
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NM FIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

NM Five Group Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
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.

 
2.4

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 shall be 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 on a straight-line basis over their useful economic lives, which range from 3 to 6 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.

 
2.5

Interest income

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

Page 3

 
NM FIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 reporting date in the countries where the Company operates and generates income.

 
2.8

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:

Office equipment
-
15%
Computer equipment
-
15%

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 4

 
NM FIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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 reporting 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 27 (2022 - 18).

Page 5

 
NM FIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
-
3,328
3,328


Additions
35,617
-
35,617



At 31 December 2023

35,617
3,328
38,945



Depreciation


At 1 November 2022
-
998
998


Charge for the period on owned assets
2,158
499
2,657



At 31 December 2023

2,158
1,497
3,655



Net book value



At 31 December 2023
33,459
1,831
35,290



At 31 October 2022
-
2,330
2,330


5.


Fixed asset investments








Other fixed asset investments

£



Cost or valuation


Additions
5,000



At 31 December 2023
5,000




Page 6

 
NM FIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

31 December
31 October
2023
2022
£
£


Trade debtors
2,194,580
723,731

Amounts owed by group undertakings
387,262
17,376

Other debtors
830,734
197,307

Prepayments and accrued income
3,124
4,100

3,415,700
942,514



7.


Cash and cash equivalents

31 December
31 October
2023
2022
£
£

Cash at bank and in hand
1,826,461
359,581

1,826,461
359,581



8.


Creditors: Amounts falling due within one year

31 December
31 October
2023
2022
£
£

Trade creditors
134,828
74,935

Amounts owed to group undertakings
144,319
-

Other taxation and social security
214,098
262,961

Other creditors
4,314,539
860,211

Accruals and deferred income
255,576
3,500

5,063,360
1,201,607



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £33,292 (2023 - £8,572).

Page 7

 
NM FIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Related party transactions

The company is exempt from disclosing related party transactions between members of the group in accordance with FRS 102 paragraph 33.1A.
At the reporting date £425,755 (2022: £171,297) was due from CW Corporate Services Limited, a company in which N J Watzenig is also a director. The loan is repayable on demand and not interest bearing.
At the reporting date, the company owed £19,238 (2022: £Nil) to M-A Dunod, a director of the company.
During the year consultancy fees of £65,121 (2022: £Nil) was paid to Pipo Corporate Service Management Servicos e Participacoes LTDA, a company in which N Watzenig is also a director.

 
Page 8