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Unaudited Financial Statements
Neueda Holdings Limited
For the year ended 31 March 2026
Registered number: NI692491
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Company Information
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5e Stirling House Castlereagh Road Business Park
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Contents
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Statement of Changes in Equity
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Notes to the Financial Statements
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Neueda Holdings Limited
Registered number:NI692491
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Balance Sheet
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Page 1
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Neueda Holdings Limited
Registered number:NI692491
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Balance Sheet (continued)
As at 31 March 2026
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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 3 August 2026.
The notes on pages 4 to 10 form part of these financial statements.
Page 2
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Statement of Changes in Equity
For the year ended 31 March 2026
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The notes on pages 4 to 10 form part of these financial statements.
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Statement of Changes in Equity
For the period ended 31 March 2025
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Dividends: Equity capital
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The notes on pages 4 to 10 form part of these financial statements.
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Page 3
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Notes to the Financial Statements
For the year ended 31 March 2026
Neueda Holdings Limited is a private company limited by shares which is registered and incorporated in Northern Ireland. The registered address is 5e Stirling House Castlereagh Road Business Park, 478 Castlereagh Road, Belfast, Northern Ireland, BT5 6BQ.
The principal activity of the company is that of a holding company.
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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£).
The following principal accounting policies have been applied:
The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.
These financial statements contain information about the company as an individual and do not contain consolidated financial information as the parent undertaking of a group. The company has taken advantage of exemptions available to small groups not to prepare consolidated financial statements.
Page 4
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Notes to the Financial Statements
For the year ended 31 March 2026
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Interest income is recognised in profit or loss using the effective interest method.
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.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Page 5
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Notes to the Financial Statements
For the year ended 31 March 2026
2.Accounting policies (continued)
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;
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
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.
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Associates and joint ventures
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Associates and Joint Ventures are held at cost less impairment.
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 6
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Notes to the Financial Statements
For the year ended 31 March 2026
2.Accounting policies (continued)
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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 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.
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.
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.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the ageing profile of debtors are considered.
Market value of investment properties
Estimates are made in respect of the market value of investment properties. When assessing the market value of these assets, factors including current rent receivable and available data on current market yields and activity are considered.
Carrying value of investments
Investments in subsidiary undertakings and associates are measured at cost less accumulated impairment. Where there is an indication of impairment the recoverable amount is estimated and compared with the carrying amount. The estimate of recoverable amount is considered in light of the trading and balance sheet strength of the subsidiary/associate together with the director's best estimate of future performance of the subsidiary/associate.
Page 7
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Notes to the Financial Statements
For the year ended 31 March 2026
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The average number of employees, including directors, during the year was 1 (2025: 1)
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Investments in subsidiary companies
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Investments in associates
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Freehold investment property
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The 2026 valuations were made by the director, on an open market value basis.
Page 8
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Notes to the Financial Statements
For the year ended 31 March 2026
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Amounts owed by group undertakings
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Prepayments and accrued income
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Corporation tax recoverable
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to related parties
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Accruals and deferred income
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Allotted, called up and fully paid
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100 (2025 - 100) Ordinary shares of £1.00 each
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Page 9
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Notes to the Financial Statements
For the year ended 31 March 2026
Share premium account
Includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account
This includes all current and prior period retained profits and losses.
Comparative information has been restated to conform with current year presentation. This has had no impact on profit or loss reported.
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Related party transactions
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The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.
During the year, the Company advanced funds of £432,700 to the director. The balance due from the director at the balance sheet date was £432,700 (2025: £Nil).
During the year, the Company advanced net funds of £85,242 to an entity under common control. The balance due from this related party at the balance sheet date was £291,717 (2025: £206,475). The balance is included within other loans in debtors. The loan is unsecured, incurs interest at 2% above base rate, and is repayable upon the sale of the borrower’s property.
During the year, a balance of £314,960 due from a related party, being an entity under common control, was written off. This amount comprised £254,466 brought forward from the prior year and £60,484 advanced during the year. The prior year balance was included within related party loans in debtors.
During the year, the Company had net transactions totalling £19,510 with an entity under common control. The balance due to this related party at the balance sheet date was £19,510 (2025: £Nil).
During the year, the Company advanced a loan of £3,000,000 to an entity under common control. Interest of £21,395 was charged on the loan. Both the principal and the associated interest were fully repaid during the year. At the balance sheet date, an amount of £1,800 was due to this related party (2025: £Nil).
During the year, the Company advanced a loan of £3,000,000 to an entity under common control. Interest of £21,460 was charged on the loan. Both the principal and the associated interest were fully repaid during the year. At the balance sheet date, an amount of £1,800 was due to this related party (2025: £Nil).
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Page 10
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