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NCH INTERNATIONAL LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NCH International Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office of the Company is Birchin Court 5th Floor, 19-25 Birchin Lane, London,
United Kingdom, EC3V 9DU.
The principal activities of the Company is the provision of furnished accomodation to corporate clients and support activities to a company under common control of the Director.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The Director has indicated his intention to restructure the ownership of the business, being to transfer it into a group of companies under his common control, however the process has not yet started. The Director and creditors of the company have indicated their willingness to continue to support the company for a period of at least 12 months from the date of approval of the financial statements.
As a result of these plans, the Director has prepared these financial statements on the going concern basis.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash held on deposit by service providers is included within bank and cash balances, as these amounts are highly liquid and repayable without penalty on notice of not more than 24 hours.
Short term debtors are measured at transaction price, less any impairment.
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