Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31No description of principal activity2023-08-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14515935 2023-08-01 2024-07-31 14515935 2022-11-30 2023-07-31 14515935 2024-07-31 14515935 2023-07-31 14515935 c:Director1 2023-08-01 2024-07-31 14515935 d:Buildings 2023-08-01 2024-07-31 14515935 d:Buildings 2024-07-31 14515935 d:Buildings 2023-07-31 14515935 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 14515935 d:CurrentFinancialInstruments 2024-07-31 14515935 d:CurrentFinancialInstruments 2023-07-31 14515935 d:Non-currentFinancialInstruments 2024-07-31 14515935 d:Non-currentFinancialInstruments 2023-07-31 14515935 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14515935 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14515935 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 14515935 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14515935 d:ShareCapital 2024-07-31 14515935 d:ShareCapital 2023-07-31 14515935 d:RetainedEarningsAccumulatedLosses 2024-07-31 14515935 d:RetainedEarningsAccumulatedLosses 2023-07-31 14515935 c:OrdinaryShareClass1 2023-08-01 2024-07-31 14515935 c:OrdinaryShareClass1 2024-07-31 14515935 c:OrdinaryShareClass1 2023-07-31 14515935 c:FRS102 2023-08-01 2024-07-31 14515935 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14515935 c:FullAccounts 2023-08-01 2024-07-31 14515935 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14515935 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14515935










NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD
REGISTERED NUMBER: 14515935

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,959,797
5,437,380

  
5,959,797
5,437,380

Current assets
  

Debtors: amounts falling due within one year
 5 
107,975
85,780

  
107,975
85,780

Creditors: amounts falling due within one year
 7 
(992,539)
(424,264)

Net current liabilities
  
 
 
(884,564)
 
 
(338,484)

Total assets less current liabilities
  
5,075,233
5,098,896

Creditors: amounts falling due after more than one year
 8 
(5,080,358)
(5,100,000)

  

Net liabilities
  
(5,125)
(1,104)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(5,225)
(1,204)

  
(5,125)
(1,104)


Page 1

 
NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD
REGISTERED NUMBER: 14515935
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 on 21 July 2025.




Miao Yang
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Northchild Properties (UK) Ltd in a private company, limited by shares, registered in England and Wales at 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

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.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold properties, including major extensions
-
50 years (up to 100 years for new buildings)
Building improvements
-
10 years

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.

 
2.3

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.

Page 3

 
NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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.

  
2.5

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.


4.


Tangible fixed assets





Building

£



Cost or valuation


At 1 August 2023
5,437,380


Additions
522,417



At 31 July 2024

5,959,797






Net book value



At 31 July 2024
5,959,797

Page 4

 
NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,235
-

Other debtors
92,640
69,480

Called up share capital not paid
100
100

Prepayments and accrued income
-
16,200

107,975
85,780



6.


Cash and cash equivalents





7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,320
10,800

Amounts owed to group undertakings
808,272
408,330

Other taxation and social security
22,587
-

Other creditors
14,199
-

Accruals and deferred income
144,161
5,134

992,539
424,264



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Directors loan
5,080,358
5,100,000

5,080,358
5,100,000



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100
Page 5

 
NORTHCHILD PROPERTIES (CENTRAL HOUSE) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.Share capital (continued)




10.


Related party transactions

At 31 July 2024, a balance of £5,080,358.15 (2023: 5,100,000) was due to Miao Yang a shareholder and director.


11.


Controlling party

The parent company of Northchild Properties (Central House) Ltd is Northchild Holdings (UK) Ltd.
The ultimate controling party is Miao Yang.

Page 6