| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024 |
| FOR |
| N E ENGINEERING HOLDINGS LTD |
| REGISTERED NUMBER: |
| 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 |
| CURRENT ASSETS |
| Cash in hand |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| Registered number: |
| Registered office: |
| 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 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 March 2024 |
| 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. |
| for and on behalf of |
| 7. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is 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. |