IRIS Accounts Production v25.1.4.42 13404454 Board of Directors Board of Directors 1.4.24 31.12.24 31.12.24 2.6.2025 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134044542024-03-31134044542024-12-31134044542024-04-012024-12-31134044542023-03-31134044542023-04-012024-03-31134044542024-03-3113404454ns15:EnglandWales2024-04-012024-12-3113404454ns14:PoundSterling2024-04-012024-12-3113404454ns10:Director12024-04-012024-12-3113404454ns10:Director22024-04-012024-12-3113404454ns10:PrivateLimitedCompanyLtd2024-04-012024-12-3113404454ns10:SmallEntities2024-04-012024-12-3113404454ns10:Audited2024-04-012024-12-3113404454ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012024-12-3113404454ns10:SmallCompaniesRegimeForAccounts2024-04-012024-12-3113404454ns10:FullAccounts2024-04-012024-12-3113404454ns5:ShareCapital2024-12-3113404454ns5:ShareCapital2024-03-3113404454ns5:RetainedEarningsAccumulatedLosses2024-12-3113404454ns5:RetainedEarningsAccumulatedLosses2024-03-3113404454ns10:RegisteredOffice2024-04-012024-12-3113404454ns5:CostValuation2024-03-31
REGISTERED NUMBER: 13404454 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

FOR

N E ENGINEERING HOLDINGS LTD

N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454)

BALANCE SHEET
31 DECEMBER 2024

2024 2024
Notes £    £   
FIXED ASSETS
Investments 4 304,568 304,568

CURRENT ASSETS
Cash in hand 2 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,570

304,570

CAPITAL AND RESERVES
Called up share capital 5 70 70
Retained earnings 304,500 304,500
SHAREHOLDERS' FUNDS 304,570 304,570

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:




Mr N J Ellis - Director



Mr D Clements - Director


N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

N E Engineering Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13404454

Registered office: 21-22 Mackintosh Road
Rackheath Industrial Estate
Norwich
Norfolk
NR13 6LJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies of the company applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of accounting
These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements are presented in pound sterling which is the company's functional currency.

These financial statements are prepared in accordance with FRS 102 including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

Comparatives
The accounts cover the period from 1 April 2024 to 31 December 2024. The comparatives cover the period from 1 April 2023 to 31 March 2024.

The accounting period has been shortened to align the accounting period with that of the ultimate parent company.

Preparation of consolidated financial statements
The financial statements contain information about N E Engineering Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Karnell Group AB (publ), Riddargatan 13 D, SE-114 51 Stockholm, Sweden.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


N E ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 13404454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the period was NIL (2024 - NIL).

4. INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 December 2024 304,568
NET BOOK VALUE
At 31 December 2024 304,568
At 31 March 2024 304,568

5. CALLED UP SHARE CAPITAL

Allotted and
issued:


31.12.24


31.3.24
Number Class: Nominal value: £ £
35 Ordinary A £1 - 35
35 Ordinary C £1 - 35
35,000 Ordinary A £0.001 35 -
35,000 Ordinary C £0.001 35 -
70 70

At 1 April 2024, the company had 35 Ordinary A shares of £1 each and 35 Ordinary C shares of £1 each in issue. During the year, a subdivision of shares was undertaken whereby each of the 35 Ordinary A and C shares of £1 each were subdivided into 1,000 Ordinary A and C shares of £0.001 each respectively.

There was no change in the total nominal value of the share capital as a result of the subdivision.

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr Nick Aston FCCA (Senior Statutory Auditor)
for and on behalf of CG LEE Limited

7. ULTIMATE PARENT COMPANY

The ultimate parent company is Karnell Group AB (publ), a company incorporated in Sweden, owning 90.1% of
the issued share capital of N E Engineering Holdings Ltd.

Karnell Group AB (publ) prepares consolidated financial statements. Copies of the consolidated financial statements can be obtained from Riddargatan 13 D, SE-114 51 Stockholm, Sweden.