Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseThe principal activity of the Company is that of investment and property management.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02902761 2023-07-01 2024-06-30 02902761 2022-07-01 2023-06-30 02902761 2024-06-30 02902761 2023-06-30 02902761 c:Director2 2023-07-01 2024-06-30 02902761 d:FreeholdInvestmentProperty 2024-06-30 02902761 d:FreeholdInvestmentProperty 2023-06-30 02902761 d:CurrentFinancialInstruments 2024-06-30 02902761 d:CurrentFinancialInstruments 2023-06-30 02902761 d:Non-currentFinancialInstruments 2024-06-30 02902761 d:Non-currentFinancialInstruments 2023-06-30 02902761 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02902761 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02902761 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02902761 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02902761 d:ShareCapital 2024-06-30 02902761 d:ShareCapital 2023-06-30 02902761 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 02902761 d:RetainedEarningsAccumulatedLosses 2024-06-30 02902761 d:RetainedEarningsAccumulatedLosses 2023-06-30 02902761 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02902761 c:OrdinaryShareClass1 2024-06-30 02902761 c:FRS102 2023-07-01 2024-06-30 02902761 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02902761 c:FullAccounts 2023-07-01 2024-06-30 02902761 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02902761 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 02902761 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 02902761 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 02902761 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 02902761 2 2023-07-01 2024-06-30 02902761 6 2023-07-01 2024-06-30 02902761 1 2024-06-30 02902761 1 2023-06-30 02902761 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02902761














NELLFIELD INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
NELLFIELD INVESTMENTS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
NELLFIELD INVESTMENTS LIMITED
REGISTERED NUMBER:02902761

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
218,143
195,755

Investment property
 5 
893,526
893,526

  
1,111,669
1,089,281

Current assets
  

Debtors: amounts falling due within one year
 6 
314,085
28,897

Cash at bank and in hand
  
6,486
9,136

  
320,571
38,033

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(58,693)
(196,872)

Net current assets/(liabilities)
  
 
 
261,878
 
 
(158,839)

Total assets less current liabilities
  
1,373,547
930,442

Creditors: amounts falling due after more than one year
 8 
(412,696)
-

Provisions for liabilities
  

Deferred tax
 9 
(42,411)
(36,840)

Net assets
  
918,440
893,602


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
 11 
918,340
893,502

  
918,440
893,602


Page 1

 
NELLFIELD INVESTMENTS LIMITED
REGISTERED NUMBER:02902761
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 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 comprehensive income 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 26 March 2025.


A H J Rivers
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NELLFIELD INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Nellfield Investments Limited is a private limited liability company incorporated in England and Wales. The Company's registered office and principal place of business is 190 Campden Hill Road, London, England, W8 7TH.
The principal activity of the Company is that of investment and property management.

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

Revenue

Turnover comprises rental income receivable for the year, exclusive of Value Added Tax.                                                                  .                                                                                                                                                            Rent is recognised in the period to which it relates.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors 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 Comprehensive Income.

 
2.4

Valuation of investments

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.

Other fixed asset investments are held at cost less impairment.

 
2.5

Debtors

Short term debtors are measured at the transaction price.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty. 

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

Page 3

 
NELLFIELD INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.9

Interest income

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

 
2.10

Borrowing costs

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

 
2.11

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 reporting 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 Statement of Financial Position 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.

Page 4

 
NELLFIELD INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The directors were the only employees of the company during the current and preceding year.



4.


Fixed asset investments





Listed investments

£



Valuation


At 1 July 2023
195,755


Additions
310


Foreign exchange movement
16,924


Revaluations
5,154



At 30 June 2024

218,143






Net book value



At 30 June 2024
218,143



At 30 June 2023
195,755

Page 5

 
NELLFIELD INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
893,526



At 30 June 2024
893,526

The 2024 valuations were made by the 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
572,838
572,838


6.


Debtors

2024
2023
£
£


Trade debtors
12,500
-

Other debtors
294,030
9,030

Prepayments and accrued income
7,555
19,867

314,085
28,897



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loan
-
118,077

Trade creditors
4,065
13,980

Other creditors
37,056
61,215

Accruals and deferred income
17,572
3,600

58,693
196,872


Page 6

 
NELLFIELD INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loan
412,696
-


The other loan is secured by a charge over the freehold investment property.


9.


Deferred taxation




2024


£






At beginning of year
36,840


Charged to profit or loss
5,571



At end of year
42,411

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value adjustments
64,015
59,276

Tax losses carried forward
(21,604)
(22,436)

42,411
36,840


10.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



100 Ordinary shares of £1 each
100
100



11.


Reserves

Profit & loss account

Included in profit and loss reserves are non-distributable fair value adjustments net of related deferred taxation amounting to £342,015 (2023 - £309,694).

 
Page 7