Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-2922023-09-01false66300 - Fund management activities2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14323161 2023-09-01 2024-08-31 14323161 2022-08-30 2023-08-31 14323161 2024-08-31 14323161 2023-08-31 14323161 1 2023-09-01 2024-08-31 14323161 d:Director1 2023-09-01 2024-08-31 14323161 c:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 14323161 c:OtherPropertyPlantEquipment 2024-08-31 14323161 c:OtherPropertyPlantEquipment 2023-08-31 14323161 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14323161 c:CurrentFinancialInstruments 2024-08-31 14323161 c:CurrentFinancialInstruments 2023-08-31 14323161 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 14323161 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 14323161 c:ShareCapital 2023-09-01 2024-08-31 14323161 c:ShareCapital 2024-08-31 14323161 c:ShareCapital 2022-08-30 2023-08-31 14323161 c:ShareCapital 2023-08-31 14323161 c:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 14323161 c:RetainedEarningsAccumulatedLosses 2024-08-31 14323161 c:RetainedEarningsAccumulatedLosses 2022-08-30 2023-08-31 14323161 c:RetainedEarningsAccumulatedLosses 2023-08-31 14323161 d:OrdinaryShareClass1 2023-09-01 2024-08-31 14323161 d:OrdinaryShareClass1 2024-08-31 14323161 d:OrdinaryShareClass1 2023-08-31 14323161 d:FRS102 2023-09-01 2024-08-31 14323161 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14323161 d:FullAccounts 2023-09-01 2024-08-31 14323161 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14323161 c:Subsidiary1 2023-09-01 2024-08-31 14323161 c:Subsidiary1 1 2023-09-01 2024-08-31 14323161 c:Subsidiary2 2023-09-01 2024-08-31 14323161 c:Subsidiary2 1 2023-09-01 2024-08-31 14323161 2 2023-09-01 2024-08-31 14323161 6 2023-09-01 2024-08-31 14323161 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14323161









NYAMIN LTD







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2024

 
NYAMIN LTD
Registered number: 14323161

Statement of Financial Position
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
332,085
368,295

Investments
 5 
3,940,521
2,571

  
4,272,606
370,866

Current assets
  

Debtors: amounts falling due within one year
 6 
1
6,111,201

  
1
6,111,201

Creditors: amounts falling due within one year
 7 
(4,306,172)
(6,483,566)

Net current liabilities
  
(4,306,171)
(372,365)

Total assets less current liabilities
  
(33,565)
(1,499)

  

Net liabilities
  
(33,565)
(1,499)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(33,566)
(1,500)

Total shareholder's deficit
  
(33,565)
(1,499)


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: 



Rupert William Hackwill
Director
Page 1

 
NYAMIN LTD
Registered number: 14323161
    
Statement of Financial Position (continued)
As at 31 August 2024


Date: 29 May 2025

The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
NYAMIN LTD
 

Statement of Changes in Equity
For the Year Ended 31 August 2024


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period
-
(1,500)
(1,500)
Total comprehensive loss for the period
-
(1,500)
(1,500)


Transaction with owners owners

Shares issued during the period
1
-
1



At 1 September 2023
1
(1,500)
(1,499)



Loss for the year
-
(32,066)
(32,066)
Total comprehensive loss for the year
-
(32,066)
(32,066)


At 31 August 2024
1
(33,566)
(33,565)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
NYAMIN LTD
 
 
 
Notes to the Financial Statements
For the Year Ended 31 August 2024

1.


General information

Nyamin Ltd ("the Company") is a private company limited by shares and incorporated in England and Wales under the Companies Act 2006. The Company's registered office address is 45 Mount Street, London, United Kingdom, W1K 2RZ.  

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

Exemption from preparing consolidated financial statements

The Company and its subsidiary undertakings qualify as a small group as set out in section 383 of the Companies Act 2006 and the Company is considered eligible for the exemption to prepare consolidated financial statements.

 
2.3

Going concern

The Company acts as an investment holding company and neither trades nor has any individual liabilities. At the year end the Company had net liabilities of £33,565. Any further investments would require approval and funding from the shareholders. The Company is dependent upon the continued financial support of the shareholder to continue operating and to meet its liabilities as they fall due, and the shareholder agrees to continue to provide financial support to the Company. Accordingly the directors have prepared these financial statements on a going concern basis. 

 
2.4

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.

 
2.5

Interest income

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

Page 4

 
NYAMIN LTD
 
 
 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.6

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:

Boat
-
10%

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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.

Page 5

 
NYAMIN LTD
 
 
 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.10

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 banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

During the year, the Company has no employees other than the 2 Directors (2023: 2), who did not receive any remuneration (2023: £nil).

Page 6

 
NYAMIN LTD
 
 
 
Notes to the Financial Statements
For the Year Ended 31 August 2024

4.


Tangible fixed assets





Boat

£



Cost


At 1 September 2023
368,295



At 31 August 2024

368,295



Depreciation


Charge for the year
36,210



At 31 August 2024

36,210



Net book value



At 31 August 2024
332,085



At 31 August 2023
368,295


5.


Investments





Investments in subsidiary companies

£



Cost  


At 1 September 2023
2,571


Additions
3,937,950



At 31 August 2024
3,940,521





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Son Massot 6 SL
C/Rosa 6, Clavia, Spain
Ordinary
100%
38 Clarence Holdings Ltd
73 Cornhill Cornhill, London, England, EC3V 3QQ
Ordinary
100%
Page 7

 
NYAMIN LTD
 
 
 
Notes to the Financial Statements
For the Year Ended 31 August 2024

6.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
-
6,111,200

Unpaid share capital
1
1

1
6,111,201


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


7.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
4,302,451
6,482,066

Accruals
3,721
1,500

4,306,172
6,483,566


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

During the current year, the Company revised the reported loan balance due to overstatement of the loan amount. This change was accounted for in the current year’s financial statements and does not affect the prior year's comparative figures. As of 31 August 2023, the loan from the parent company stood at £4,111,200. During the current year, the Company revised the reported loan balance due to the overstatement of the loan amount by£103,962, resulting in a revised loan balance of £4,007,238 as of 31 August 2024. 

The adjustment resulted in decrease in the loan payable balance as at 31 August 2024, with a corresponding impact on Intercompany Investment balance with Son Massot.

Management assessed the impact and determined that the change did not require a restatement of prior year figures, as the adjustment relates to events or information identified in the current reporting period.


8.


Called up share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1


Page 8

 
NYAMIN LTD
 
 
 
Notes to the Financial Statements
For the Year Ended 31 August 2024

9.


Related party transactions

The Company has taken exemption under Section 33.1A of FRS 102 not to disclose transactions with other wholly owned group companies on the grounds that 100% of the voting rights in the Company are controlled within that group.


10.


Post balance sheet events

There were no material events subsequent to the year end that are required to be disclosed.


11.


Controlling party

The immediate and ultimate parent undertaking is Cap Falco Holdings Ltd, a company incorporated in Jersey.
Page 9