Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-12-01falseBuying and selling of own real estate33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04973667 2023-12-01 2024-10-31 04973667 2022-12-01 2023-11-30 04973667 2024-10-31 04973667 2023-11-30 04973667 1 2023-12-01 2024-10-31 04973667 d:Director1 2023-12-01 2024-10-31 04973667 d:Director2 2023-12-01 2024-10-31 04973667 d:Director3 2023-12-01 2024-10-31 04973667 c:FreeholdInvestmentProperty 2023-12-01 2024-10-31 04973667 c:FreeholdInvestmentProperty 2024-10-31 04973667 c:FreeholdInvestmentProperty 2023-11-30 04973667 c:CurrentFinancialInstruments 2024-10-31 04973667 c:CurrentFinancialInstruments 2023-11-30 04973667 c:Non-currentFinancialInstruments 2024-10-31 04973667 c:Non-currentFinancialInstruments 2023-11-30 04973667 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 04973667 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 04973667 c:Non-currentFinancialInstruments c:AfterOneYear 2024-10-31 04973667 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 04973667 c:ShareCapital 2024-10-31 04973667 c:ShareCapital 2023-11-30 04973667 c:RetainedEarningsAccumulatedLosses 2024-10-31 04973667 c:RetainedEarningsAccumulatedLosses 2023-11-30 04973667 c:OtherDeferredTax 2024-10-31 04973667 c:OtherDeferredTax 2023-11-30 04973667 d:FRS102 2023-12-01 2024-10-31 04973667 d:AuditExempt-NoAccountantsReport 2023-12-01 2024-10-31 04973667 d:FullAccounts 2023-12-01 2024-10-31 04973667 d:PrivateLimitedCompanyLtd 2023-12-01 2024-10-31 04973667 e:PoundSterling 2023-12-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 04973667









NUCLEUS INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2024

 
NUCLEUS INVESTMENTS LIMITED
REGISTERED NUMBER: 04973667

BALANCE SHEET
AS AT 31 OCTOBER 2024

31 October
As restated
30 November
2024
2023
Note
£
£

Fixed assets
  

Investment property
  
4,261,419
3,640,790

  
4,261,419
3,640,790

Current assets
  

Debtors: amounts falling due within one year
 5 
-
30,051

Cash at bank and in hand
 6 
2,853
3,266

  
2,853
33,317

Creditors: amounts falling due within one year
 7 
(868,620)
(321,448)

Net current liabilities
  
 
 
(865,767)
 
 
(288,131)

Total assets less current liabilities
  
3,395,652
3,352,659

Creditors: amounts falling due after more than one year
 8 
(537,617)
(455,715)

Provisions for liabilities
  

Deferred tax
  
(512,294)
(513,380)

  
 
 
(512,294)
 
 
(513,380)

Net assets
  
2,345,741
2,383,564


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,345,641
2,383,464

  
2,345,741
2,383,564


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 period 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.
Page 1

 
NUCLEUS INVESTMENTS LIMITED
REGISTERED NUMBER: 04973667
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024


The Company has opted not to file the statement of income and retained earnings 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: 




................................................
Mr A Lawee
................................................
Mr A A Lawee
Director
Director



................................................
Mr R W Lawee
Director



Date: 12 August 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

Nucleus Investments Limited is a company limited by shares and incorporated in England and Wales within the United Kingdom. The address of the company’s registered office Midas, 198 West End Lane, London, England, NW6 1SG.
The company's principal activity is that of buying and selling of own real estate.
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 financial statements for the period ended 31 October 2024 covers an 11-month period, which is a change from the previous financial year. The comparative period presented, for the year ended 30 November 2023, covered a 12-month period.

The following principal accounting policies have been applied:

Page 3

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.2

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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.

Page 4

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate
Page 5

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the period was 3 (2023 - 3).

Page 6

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

4.


Investment property





Freehold investment property

£



Valuation


At 1 December 2023
3,640,790


Additions at cost
620,629



At 31 October 2024
4,261,419


Comprising


Cost
2,196,866

Annual revaluation surplus/(deficit):


2007 to 2010
(135,447)

2011 to 2014
1,100,000

2015
1,100,000

At 31 October 2024
4,261,419

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



At 31 October 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

31 October
30 November
2024
2023
£
£


Historic cost
2,196,866
1,576,237

2,196,866
1,576,237

Page 7

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

5.


Debtors

31 October
30 November
2024
2023
£
£


Trade debtors
-
30,051

-
30,051



6.


Cash and cash equivalents

31 October
30 November
2024
2023
£
£

Cash at bank and in hand
2,853
3,266

2,853
3,266



7.


Creditors: Amounts falling due within one year

31 October
30 November
2024
2023
£
£

Trade creditors
-
81,902

Other creditors
867,270
237,296

Accruals and deferred income
1,350
2,250

868,620
321,448



8.


Creditors: Amounts falling due after more than one year

31 October
30 November
2024
2023
£
£

Other creditors
537,617
455,715

537,617
455,715


Page 8

 
NUCLEUS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

9.


Deferred taxation






2024


£






At beginning of year
(513,380)


Charged to profit or loss
1,086



At end of year
(512,294)

The provision for deferred taxation is made up as follows:

31 October
As restated
30 November
2024
2023
£
£


Investment property
(512,294)
(513,380)

(512,294)
(513,380)


10.


Prior year adjustment

The accounts have been restated to incorporate an adjustment in relation to an update in the deferred tax provision which had been omitted within the accounts. This change has resulted in the profits available for distribution at 31 October 2024, decreasing by £513,780. 


11.


Post balance sheet events

After the year end a non-adjusting event occurred in January 2025 wherein the company, Nucleus Investments Limited, was acquired by Dyne Consultants Limited and subsequently has become their majority shareholder. No adjustment has been made within the financial statements as an estimate of this effect on the company’s financial position cannot be ascertained and so no adjustment has not been made within the 2024 accounts. 


12.


Controlling party

The company is controlled by its parent company Dyne Consultants Limited, a company incorporated in England and Wales and who shares common directors and who are the ultimate controlling party.

 
Page 9