Niemans Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04468711 (England and Wales)

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2019

for

NIEMANS HOLDINGS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

R D Kotecha

SECRETARY:

R D Kotecha

REGISTERED OFFICE:

5 Theobald Court

Theobald Street

Elstree

Hertfordshire

WD6 4RN

REGISTERED NUMBER:

04468711 (England and Wales)

ACCOUNTANTS:

Sterling Associates

Chartered Accountants

5 Theobald Court

Theobald Street

Elstree

Hertfordshire

WD6 4RN

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Abridged Statement of Comprehensive

Income and certain other primary statements and the Report of the Director are not required to be filed with

the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Niemans Holdings Limited for the year ended 31 March 2019 which comprise the Abridged

Statement of Comprehensive Income, Abridged Statement of Financial Position, Statement of Changes in Equity and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Niemans Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Niemans Holdings Limited and state those matters that we have agreed to state to the director of Niemans Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Niemans Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Niemans Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Niemans Holdings Limited. You consider that Niemans Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Niemans Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Associates

Chartered Accountants

5 Theobald Court

Theobald Street

Elstree

Hertfordshire

WD6 4RN

30 December 2019

FIXED ASSETS

Investments

4

2,500,102

CURRENT ASSETS

Debtors

5,267,813

5,038,173

CREDITORS

Amounts falling due within one year

1,564,122

1,571,222

NET CURRENT ASSETS

3,703,691

3,466,951

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,203,793

5,967,053

CREDITORS

Amounts falling due after more than one
year

5

2,499,100

NET ASSETS

3,704,693

3,467,953

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

3,703,693

3,466,953

SHAREHOLDERS' FUNDS

3,704,693

3,467,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 30 December 2019 and were signed by:

R D Kotecha - Director

1.	STATUTORY INFORMATION

Niemans Holdings Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2018

and 31 March 2019

2,500,102

NET BOOK VALUE

At 31 March 2019

2,500,102

At 31 March 2018

2,500,102

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2019

2018

£

Repayable otherwise than by instalments

Loan notes

2,499,100

The company has issued two classes of loan notes. One with a right to convert into ordinary shares and the

other without such a right. Loan note holders with the conversion right is able to convert their loan notes at a

rate of £1 worth of loan note into ordinary shares of £1. Both classes of loan notes are interest bearing at a

rate of 3% over the prevailing base rate charged by The Royal Bank of Scotland.

The loan notes holders have waived their rights to receive interest on their loan notes for the year ended 31

March 2019.

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

7.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.

Niemans Holdings Limited - Accounts to registrar (filleted) - small 18.2

Niemans Holdings Limited - Accounts to registrar (filleted) - small 18.2