Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3022023-10-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03058544 2023-10-01 2024-09-30 03058544 2022-10-01 2023-09-30 03058544 2024-09-30 03058544 2023-09-30 03058544 c:Director2 2023-10-01 2024-09-30 03058544 d:MotorVehicles 2023-10-01 2024-09-30 03058544 d:FurnitureFittings 2023-10-01 2024-09-30 03058544 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 03058544 d:OtherPropertyPlantEquipment 2024-09-30 03058544 d:OtherPropertyPlantEquipment 2023-09-30 03058544 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03058544 d:FreeholdInvestmentProperty 2024-09-30 03058544 d:FreeholdInvestmentProperty 2023-09-30 03058544 d:CurrentFinancialInstruments 2024-09-30 03058544 d:CurrentFinancialInstruments 2023-09-30 03058544 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03058544 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03058544 d:ShareCapital 2024-09-30 03058544 d:ShareCapital 2023-09-30 03058544 d:RetainedEarningsAccumulatedLosses 2024-09-30 03058544 d:RetainedEarningsAccumulatedLosses 2023-09-30 03058544 c:FRS102 2023-10-01 2024-09-30 03058544 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03058544 c:FullAccounts 2023-10-01 2024-09-30 03058544 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03058544 2 2023-10-01 2024-09-30 03058544 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 03058544









NEARART HOMES INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
NEARART HOMES INVESTMENTS LIMITED
REGISTERED NUMBER: 03058544

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,999
126

Investment property
 5 
200,000
200,000

  
204,999
200,126

Current assets
  

Debtors: amounts falling due within one year
 6 
26,443
25,783

Cash at bank and in hand
 7 
4,076
3,369

  
30,519
29,152

Creditors: amounts falling due within one year
 8 
(174,029)
(161,530)

Net current liabilities
  
 
 
(143,510)
 
 
(132,378)

Total assets less current liabilities
  
61,489
67,748

  

Net assets
  
61,489
67,748


Capital and reserves
  

Called up share capital 
  
99
99

Profit and loss account
  
61,390
67,649

  
61,489
67,748


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 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: 



Page 1

 
NEARART HOMES INVESTMENTS LIMITED
REGISTERED NUMBER: 03058544
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

................................................
K A O'Connor
Director
Date: 20 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NEARART HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Nearart Homes Investments Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is The Courtyard, 35 Yarmouth Road, Watford, Hertfordshire, WD24 4DQ.
The company's principal activity is that of property management.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Revenue

Turnover comprises revenue recognised by the company in respect of rents received during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Interest income

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

 
2.4

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.


 
2.5

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.

Page 3

 
NEARART HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
NEARART HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 October 2023
5,766


Additions
5,350


Disposals
(3,750)



At 30 September 2024

7,366



Depreciation


At 1 October 2023
5,640


Charge for the year on owned assets
477


Disposals
(3,750)



At 30 September 2024

2,367



Net book value



At 30 September 2024
4,999



At 30 September 2023
126

Page 5

 
NEARART HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
200,000



At 30 September 2024
200,000

The 2024 valuations were made by the Director, on an open market value for existing use basis.




Page 6

 
NEARART HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
26,443
25,783

26,443
25,783



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,076
3,369

4,076
3,369



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
170,524
158,085

Accruals and deferred income
3,505
3,445

174,029
161,530


 
Page 7