NES UK Holdings Limited - Period Ending 2018-10-31

Registration number: 09909958

NES UK Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 February 2018 to 31 October 2018

KRW Accountants Limited
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

NES UK Holdings Limited

Profit and Loss Account for the Period from 1 February 2018 to 31 October 2018

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

NES UK Holdings Limited

(Registration number: 09909958)
Balance Sheet as at 31 October 2018

	Note	31 October 2018 £	31 January 2018 £
Fixed assets
Investments	3	702,950	684,781
Creditors: Amounts falling due within one year	4	(385)	(385)
Total assets less current liabilities		702,565	684,396
Creditors: Amounts falling due after more than one year	4	(502,565)	(484,396)
Net assets		200,000	200,000
Capital and reserves
Called up share capital	5	200,000	200,000
Total equity		200,000	200,000

For the financial period ending 31 October 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 4 July 2019 and signed on its behalf by:
 

.........................................

Mr P J L Wilkinson
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

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NES UK Holdings Limited

Notes to the Financial Statements for the Period from 1 February 2018 to 31 October 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Mill Square
Wolverton
Milton Keynes
Buckinghamshire
MK12 5ZD
England

These financial statements were authorised for issue by the Board on 4 July 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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NES UK Holdings Limited

Notes to the Financial Statements for the Period from 1 February 2018 to 31 October 2018

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Investments in subsidiaries, joint ventures and associates

	31 October 2018 £	31 January 2018 £
Investments in subsidiaries	702,950	684,781

Subsidiaries	£
Cost or valuation
At 1 February 2018	684,781
Additions	18,169
At 31 October 2018	702,950
Provision
Carrying amount
At 31 October 2018	702,950
At 31 January 2018	684,781

4

Creditors

	Note	31 October 2018 £	31 January 2018 £
Due within one year
Amounts due to related parties		385	385
Due after one year
Other non-current financial liabilities		502,565	484,396

5	Share capital

Allotted, called up and fully paid shares

Page 4

NES UK Holdings Limited

Notes to the Financial Statements for the Period from 1 February 2018 to 31 October 2018

	31 October 2018		31 January 2018
	No.	£	No.	£
Ordinary of £1 each	200,000	200,000	200,000	200,000

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