Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-092023-06-01falseThe pricipal activity of the company during the period was to provide investment advice and management support services43truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10792641 2023-06-01 2024-05-31 10792641 2022-06-01 2023-05-31 10792641 2024-05-31 10792641 2023-05-31 10792641 c:Director3 2023-06-01 2024-05-31 10792641 d:ComputerEquipment 2023-06-01 2024-05-31 10792641 d:ComputerEquipment 2024-05-31 10792641 d:ComputerEquipment 2023-05-31 10792641 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10792641 d:CurrentFinancialInstruments 2024-05-31 10792641 d:CurrentFinancialInstruments 2023-05-31 10792641 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10792641 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10792641 d:ShareCapital 2024-05-31 10792641 d:ShareCapital 2023-05-31 10792641 d:RetainedEarningsAccumulatedLosses 2024-05-31 10792641 d:RetainedEarningsAccumulatedLosses 2023-05-31 10792641 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 10792641 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 10792641 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10792641 c:OrdinaryShareClass1 2024-05-31 10792641 c:OrdinaryShareClass1 2023-05-31 10792641 c:FRS102 2023-06-01 2024-05-31 10792641 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10792641 c:FullAccounts 2023-06-01 2024-05-31 10792641 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10792641 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10792641









NM CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
NM CAPITAL LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
NM CAPITAL LIMITED
REGISTERED NUMBER: 10792641

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
                                                                           Note
£
£

Fixed assets
  

Tangible assets
 4 
6,709
6,143

  
6,709
6,143

Current assets
  

Debtors: amounts falling due within one year
 5 
132,036
122,380

Cash at bank and in hand
 6 
25,285
25,294

  
157,321
147,674

Creditors: amounts falling due within one year
 7 
(2,724,622)
(2,526,754)

Net current liabilities
  
 
 
(2,567,301)
 
 
(2,379,080)

Total assets less current liabilities
  
(2,560,592)
(2,372,937)

  

Net liabilities
  
(2,560,592)
(2,372,937)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(2,560,593)
(2,372,938)

  
(2,560,592)
(2,372,937)

Page 1

 
NM CAPITAL LIMITED
REGISTERED NUMBER: 10792641
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 profit and loss account 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: 

................................................
T Surridge
Director

Date: 9 May 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
NM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

NM Capital Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 10792641. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors have reviewed the working capital requirements of the company and the shareholder has agreed to provide such support to the company as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing these financial statements.

 
2.3

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.

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.

Page 3

 
NM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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 Balance Sheet. 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 balance sheet date in the countries where the company operates and generates income.


Page 4

 
NM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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:

Computer equipment
-
25% straight-line

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.

 
2.9

Debtors

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

 
2.10

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.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties. Basic financial instruments are initially measured at their transaction price and adjusted for impairment, where applicable.
Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the
Page 5

 
NM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

risks and rewards retained.
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

  
2.13

Related party transaction exemption

The company has taken advantage of the exemption within Financial Reporting Standard 102 - Section 1A, in respect of disclosure of transactions with the parent company, on the grounds that the company is a wholly owned subsidiary.


3.


Employees

The average monthly number of employees, including non-payrolled directors, during the year was 4 (2023 - 3).


4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 June 2023
16,346


Additions
2,792


Disposals
(6,548)



At 31 May 2024

12,590



Depreciation


At 1 June 2023
10,203


Charge for the year on owned assets
2,226


Disposals
(6,548)



At 31 May 2024

5,881



Net book value



At 31 May 2024
6,709



At 31 May 2023
6,143

Page 6

 
NM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
48,600
6,000

Other debtors
62,735
80,679

Prepayments and accrued income
15,386
30,386

Tax recoverable
5,315
5,315

132,036
122,380


Included within other debtors is an amount of £Nil (2023 - £16,082) due from the directors of the company. This amount is interest free and repayable on demand. This amount was repaid during the year.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25,285
25,294



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
48,677
4,994

Amounts owed to group companies
2,662,845
2,508,345

Corporation tax
-
2,337

Other taxation and social security
3,181
2,354

Other creditors
109
109

Accruals and deferred income
9,810
8,615

2,724,622
2,526,754


Page 7

 
NM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
25,285
25,294




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1



10.


Pension commitments

The company operates a defined contribution 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 £570 (2023 - £1,435) during the period. Contributions totalling £109 (2023 - £109) were payable to the fund at the balance sheet date and are included in creditors. 

 
Page 8