Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 1 false 1 false true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09360998 2024-01-01 2024-12-31 09360998 2023-01-01 2023-12-31 09360998 2024-12-31 09360998 2023-12-31 09360998 c:Director1 2024-01-01 2024-12-31 09360998 d:FreeholdInvestmentProperty 2024-12-31 09360998 d:FreeholdInvestmentProperty 2023-12-31 09360998 d:CurrentFinancialInstruments 2024-12-31 09360998 d:CurrentFinancialInstruments 2023-12-31 09360998 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09360998 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09360998 d:ShareCapital 2024-12-31 09360998 d:ShareCapital 2023-12-31 09360998 d:InvestmentPropertiesRevaluationReserve 2024-01-01 2024-12-31 09360998 d:InvestmentPropertiesRevaluationReserve 2024-12-31 09360998 d:InvestmentPropertiesRevaluationReserve 2023-12-31 09360998 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09360998 d:RetainedEarningsAccumulatedLosses 2024-12-31 09360998 d:RetainedEarningsAccumulatedLosses 2023-12-31 09360998 c:FRS102 2024-01-01 2024-12-31 09360998 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09360998 c:FullAccounts 2024-01-01 2024-12-31 09360998 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09360998 d:OtherDeferredTax 2024-12-31 09360998 d:OtherDeferredTax 2023-12-31 09360998 2 2024-01-01 2024-12-31 09360998 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09360998 NJB LAW LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
NJB LAW LIMITED REGISTERED NUMBER: 09360998 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 575,000 |  | 575,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 175 |  | 277 |
Cash at bank and in hand |  | 22,195 |  | 22,249 |
|  | 22,370 |  | 22,526 |
Creditors: amounts falling due within one year | 6 | (162,574) |  | (172,500) |
Net current liabilities |  |  | (140,204) |  | (149,974)
Total assets less current liabilities |  |  | 434,796 |  | 425,026
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 |  | (18,513) |  | (18,513)
Net assets |  |  | 416,283 |  | 406,513
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Fair value reserve | 8 |  | 55,540 |  | 55,540
Profit and loss account | 8 |  | 360,643 |  | 350,873
|  |  | 416,283 |  | 406,513
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 profit and loss account 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:
N.J. Belcher
Director
Date: 10 September 2025
The notes on pages 2 to 7 form part of these financial statements. Page 1
NJB LAW LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
NJB Law Limited is a private limited company incorporated in the United Kingdom and the company registration number is 09360998. The registered office address is Moss's Farmhouse, Helions Bumpstead, Haverhill, Suffolk, CB9 7AS. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Investment property
Investment property is carried at fair value determined annually by the director 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.
| 2.3 | 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.
| 2.4 | 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. Page 2
NJB LAW LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | 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. 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. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic 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 method. Page 3
NJB LAW LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Financial instruments (continued)
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 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.
| 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.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | 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.
| 2.9 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
NJB LAW LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Current and deferred taxation
The tax expense for the year 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
Page 5
NJB LAW LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 575,000
| At 31 December 2024 | 575,000
The 2024 valuations were made by the director, on an open market value for existing use basis.
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Revaluation reserves |  |
| At 1 January 2024 | 55,540 | 59,983
| Net deficit in movement properties | - | (4,443)
| At 31 December 2024 | 55,540 | 55,540
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 500,947 | 500,947
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Prepayments and accrued income | 175 | 277
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax | 2,526 | 1,165
| Other taxation and social security | 679 | 733
| Other creditors | 150,851 | 163,078
| Accruals and deferred income | 8,518 | 7,524
|  | 162,574 | 172,500
Page 6
NJB LAW LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | (18,513)
| At end of year | (18,513)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Capital gain on uplift in fair value of investment properties | 18,513 | 18,513
8. | Reserves
Fair value reserve The fair value reserve represents the movement in the fair value of the investment properties net of deferred tax. Profit and loss account The profit and loss represents cumulative profits and losses net of dividends and other adjustments.
9. | Related party transactions
| During the year the company paid dividends of £1,000 (2023 - £1,000) to the director of the company. The amount due to the director at year end was £150,852 (2023 - £162,919) and included within other creditors. Interest is charged on the loan at 2.25% and the loan itself is repayable on demand.
Page 7