Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity33truetruefalse 01296048 2023-07-01 2024-06-30 01296048 2022-07-01 2023-06-30 01296048 2024-06-30 01296048 2023-06-30 01296048 c:Director3 2023-07-01 2024-06-30 01296048 d:FurnitureFittings 2023-07-01 2024-06-30 01296048 d:FurnitureFittings 2024-06-30 01296048 d:FurnitureFittings 2023-06-30 01296048 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01296048 d:FreeholdInvestmentProperty 2024-06-30 01296048 d:FreeholdInvestmentProperty 2023-06-30 01296048 d:CurrentFinancialInstruments 2024-06-30 01296048 d:CurrentFinancialInstruments 2023-06-30 01296048 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01296048 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01296048 d:ShareCapital 2024-06-30 01296048 d:ShareCapital 2023-06-30 01296048 d:RevaluationReserve 2024-06-30 01296048 d:RevaluationReserve 2023-06-30 01296048 d:RetainedEarningsAccumulatedLosses 2024-06-30 01296048 d:RetainedEarningsAccumulatedLosses 2023-06-30 01296048 c:FRS102 2023-07-01 2024-06-30 01296048 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01296048 c:FullAccounts 2023-07-01 2024-06-30 01296048 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01296048 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 01296048









NINEHART LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
NINEHART LIMITED
REGISTERED NUMBER: 01296048

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
203
269

Investment property
 5 
612,147
612,147

  
612,350
612,416

Current assets
  

Debtors: amounts falling due within one year
 6 
1,167,412
1,075,062

Cash at bank and in hand
 7 
61,579
147,687

  
1,228,991
1,222,749

Creditors: amounts falling due within one year
 8 
(355,085)
(347,430)

Net current assets
  
 
 
873,906
 
 
875,319

Total assets less current liabilities
  
1,486,256
1,487,735

  

Net assets
  
1,486,256
1,487,735


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
383,023
383,023

Profit and loss account
  
1,103,133
1,104,612

  
1,486,256
1,487,735


Page 1

 
NINEHART LIMITED
REGISTERED NUMBER: 01296048
    
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 by: 




B.T. Shakarchi
Director

Date: 26 March 2025

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

Page 2

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

1.


General information

Ninehart Limited is a private company limited by shares, incorporated in England & Wales (registered nuWber: 01296048). The registered office address is 101 New Cavendish Street,1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company. 

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

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.

 
2.3

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.

 
2.4

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 reporting 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 3

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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance method

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

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 profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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 year was 3 (2023 - 3).

Page 4

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
50,334



At 30 June 2024

50,334



Depreciation


At 1 July 2023
50,064


Charge for the year on owned assets
67



At 30 June 2024

50,131



Net book value



At 30 June 2024
203



At 30 June 2023
269

Page 5

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
612,147



At 30 June 2024
612,147

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
229,124
229,124

229,124
229,124


6.


Debtors

2024
2023
£
£


Other debtors
1,167,412
1,075,062

1,167,412
1,075,062



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
61,579
147,687

61,579
147,687


Page 6

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
25,786
25,786

Other taxation and social security
571
586

Other creditors
8,267
23,847

Accruals and deferred income
320,461
297,211

355,085
347,430



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 £359 (2023: £360). Contributions totalling £140 (2023: £140) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7