Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2023-09-01true1falsefalse 15093872 2023-08-31 15093872 2023-09-01 2024-08-31 15093872 2022-09-01 2023-08-31 15093872 2024-08-31 15093872 c:Director2 2023-09-01 2024-08-31 15093872 d:CurrentFinancialInstruments 2024-08-31 15093872 d:Non-currentFinancialInstruments 2024-08-31 15093872 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15093872 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 15093872 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 15093872 d:ShareCapital 2024-08-31 15093872 d:RetainedEarningsAccumulatedLosses 2024-08-31 15093872 c:OrdinaryShareClass1 2023-09-01 2024-08-31 15093872 c:OrdinaryShareClass1 2024-08-31 15093872 c:FRS102 2023-09-01 2024-08-31 15093872 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 15093872 c:FullAccounts 2023-09-01 2024-08-31 15093872 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 15093872 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15093872









NINE EIGHT GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
NINE EIGHT GROUP LTD
REGISTERED NUMBER: 15093872

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
8,657

Cash at bank and in hand
 5 
290,704

  
299,361

Current Liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(79,794)

Total assets less current liabilities
  
 
 
219,567

Creditors: amounts falling due after more than one year
 7 
(61,398)

  

Net assets
  
158,169


Capital and reserves
  

Called up share capital 
 9 
10

Profit and loss account
  
158,159

  
158,169


The director considers 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 director acknowledges his 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 15 April 2025.




C P Sands
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
NINE EIGHT GROUP LTD
REGISTERED NUMBER: 15093872
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024


Page 2

 
NINE EIGHT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Nine Eight Group Ltd is a private company limited by shares, incorporated in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, London, United Kingdom, NW3 5JS.
The company incorporated on 24 August 2023 and started trading from the same day.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
NINE EIGHT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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. 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.

 
2.4

Borrowing costs

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

 
2.5

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.


 
2.6

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.

 
2.7

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.

Page 4

 
NINE EIGHT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

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 1.


4.


Debtors

2024
£


Trade debtors
5,908

Other debtors
2,749

8,657



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
290,704

Less: bank overdrafts
(8,201)

282,503



6.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
8,201

Trade creditors
10,881

Other taxation and social security
56,263

Other creditors
4,449

79,794


Page 5

 
NINE EIGHT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
61,398

61,398



8.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Other loans
61,398



61,398



9.


Share capital

2024
£
Allotted, called up and fully paid


10 Ordinary shares of £1.00 each
10


At incorporation, the company had 1 ordinary share of £1 in issue. 
On 4th October 2023, 9 additional shares were allotted at par.

Page 6