NES UK Holdings Limited - Period Ending 2022-10-31
NES UK Holdings Limited - Period Ending 2022-10-31
Registration number:
NES UK Holdings Limited
for the Year Ended 31 October 2022
NES UK Holdings Limited
Contents
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Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
NES UK Holdings Limited
Company Information
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Directors |
A S Flook A Baggett |
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Company secretary |
P J Wilkinson |
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Registered office |
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Accountants |
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NES UK Holdings Limited
Directors' Report for the Year Ended 31 October 2022
The directors present their report and the financial statements for the year ended 31 October 2022.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of a holding company. The company has not traded during the year.
Business review and director’s statement
The company has not traded during the year. The company is the majority shareholder in two trading subsidiaries, Sava Limited (company number 01753762) and Sava Technology Limited (company number 10305408).
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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NES UK Holdings Limited
(Registration number: 09909958)
Balance Sheet as at 31 October 2022
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Note |
31 October |
31 October |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
200,000 |
200,000 |
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Shareholders' funds |
200,000 |
200,000 |
For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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NES UK Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
The company registration number is 09909958
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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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
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.
NES UK Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
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.
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investments |
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31 October |
31 October |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 November 2021 |
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Provision |
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Carrying amount |
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At 31 October 2022 |
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At 31 October 2021 |
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NES UK Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2022 |
2021 |
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Subsidiary undertakings |
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4 Mill Square
England |
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4 Mill Sqaure
England |
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4 Mill Square
England |
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Subsidiary undertakings |
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Sava Limited The principal activity of Sava Limited is |
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Sava Technology Limited The principal activity of Sava Technology Limited is |
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Optima Energy Limited The principal activity of Optima Energy Limited is |
NES UK Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022
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Creditors |
Creditors: amounts falling due within one year
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Note |
31 October |
31 October |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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31 October |
31 October |
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No. |
£ |
No. |
£ |
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200,000 |
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200,000 |