Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01falseholding company11truetruefalse 13569302 2023-08-01 2024-07-31 13569302 2022-08-01 2023-07-31 13569302 2024-07-31 13569302 2023-07-31 13569302 c:Director1 2023-08-01 2024-07-31 13569302 d:FreeholdInvestmentProperty 2024-07-31 13569302 d:FreeholdInvestmentProperty 2023-07-31 13569302 d:CurrentFinancialInstruments 2024-07-31 13569302 d:CurrentFinancialInstruments 2023-07-31 13569302 d:Non-currentFinancialInstruments 2024-07-31 13569302 d:Non-currentFinancialInstruments 2023-07-31 13569302 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13569302 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13569302 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 13569302 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 13569302 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 13569302 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 13569302 d:ShareCapital 2024-07-31 13569302 d:ShareCapital 2023-07-31 13569302 d:RetainedEarningsAccumulatedLosses 2024-07-31 13569302 d:RetainedEarningsAccumulatedLosses 2023-07-31 13569302 c:OrdinaryShareClass1 2023-08-01 2024-07-31 13569302 c:OrdinaryShareClass1 2024-07-31 13569302 c:OrdinaryShareClass1 2023-07-31 13569302 c:FRS102 2023-08-01 2024-07-31 13569302 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13569302 c:FullAccounts 2023-08-01 2024-07-31 13569302 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13569302 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13569302










NORTHCHILD PROPERTIES (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
NORTHCHILD PROPERTIES (UK) LIMITED
REGISTERED NUMBER: 13569302

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
5,347,233
5,347,233

  
5,347,233
5,347,233

Current assets
  

Debtors: amounts falling due within one year
 5 
4,215,396
2,306,481

Cash at bank and in hand
 6 
34,623
803,570

  
4,250,019
3,110,051

Creditors: amounts falling due within one year
 7 
(43,219)
(45,430)

Net current assets
  
 
 
4,206,800
 
 
3,064,621

Total assets less current liabilities
  
9,554,033
8,411,854

Creditors: amounts falling due after more than one year
 8 
(10,016,243)
(8,665,504)

  

Net liabilities
  
(462,210)
(253,650)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(462,310)
(253,750)

  
(462,210)
(253,650)


Page 1

 
NORTHCHILD PROPERTIES (UK) LIMITED
REGISTERED NUMBER: 13569302
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 on 21 July 2025.

Miao Yang
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NORTHCHILD PROPERTIES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Northchild Properties (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 13569302. The registered office is 1 Mark Street, London, E15 4GY.
The Company's functional and presentational currency is GBP.

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

Borrowing costs

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

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.4

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.

 
2.5

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.

 
2.6

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 Company has no employees other than the directors, who did not receive any remuneration (2023-£NIL).

Page 3

 
NORTHCHILD PROPERTIES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
5,347,233



At 31 July 2024
5,347,233

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





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
4,211,442
2,271,888

Other debtors
3,854
34,493

Called up share capital not paid
100
100

4,215,396
2,306,481



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
34,623
803,570



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
38,719
43,430

Accruals and deferred income
4,500
2,000

43,219
45,430


Page 4

 
NORTHCHILD PROPERTIES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
10,016,243
8,665,504



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
10,016,243
8,665,504



10.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

At 31 July 2024, a balance of £10,016,243 was due to Miao Yang a shareholder and director.
As ar 31 July 2024, the company is due the following balances from related parties.
Beifang Education Group Limited - £1,370,602 (2023: £1,269,735)
Northchild Education (UK) Limited - £2,657,267 (2023: £902,722)
Northchild Properties (Central House) Limited - £167,623 (2023: £97,726)
Northchild Properties Development Limited - £1,003 (2023: £1,003)
Northchild Group Limited - £2,696 (2023: £703)
 UOP London Pathway - £12,251 (2023: Nil)


12.


Controlling party

The ultimate controlling party is Miao Yang.

 
Page 5