ACCOUNTS - Final Accounts

Caseware UK (AP4) 2014.0.91 2014.0.91 2017-01-312017-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-02-01 07442823 2016-02-01 2017-01-31 07442823 2017-01-31 07442823 2016-01-31 07442823 c:Director1 2016-02-01 2017-01-31 07442823 d:CurrentFinancialInstruments 2017-01-31 07442823 d:CurrentFinancialInstruments 2016-01-31 07442823 d:Non-currentFinancialInstruments 2017-01-31 07442823 d:Non-currentFinancialInstruments 2016-01-31 07442823 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 07442823 d:CurrentFinancialInstruments d:WithinOneYear 2016-01-31 07442823 d:ShareCapital 2017-01-31 07442823 d:ShareCapital 2016-01-31 07442823 d:SharePremium 2017-01-31 07442823 d:SharePremium 2016-01-31 07442823 c:FRS102 2016-02-01 2017-01-31 07442823 c:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 07442823 c:FullAccounts 2016-02-01 2017-01-31 07442823 c:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 07442823 d:Subsidiary1 2017-01-31 07442823 d:Subsidiary1 2016-02-01 2017-01-31 07442823 d:Subsidiary1 1 2016-02-01 2017-01-31 iso4217:GBP xbrli:pure

Registered number: 07442823

NISECH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

Whiting & Partners

Chartered Accountants & Business Advisers

Greenwood House

Greenwood Court

Skyliner Way

Bury St Edmunds

Suffolk

IP32 7GY

NISECH LIMITED

REGISTERED NUMBER: 07442823

BALANCE SHEET

AS AT 31 JANUARY 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		4,659,321		4,659,321
			4,659,321		4,659,321

Creditors: amounts falling due within one year	5	(23,185)		(23,185)
Net current liabilities			(23,185)		(23,185)
Total assets less current liabilities			4,636,136		4,636,136

Net assets			4,636,136		4,636,136

Capital and reserves
Called up share capital	72,883	72,883
Share premium account	4,563,253	4,563,253
	4,636,136	4,636,136

The directors consider 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 Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 income and retained earnings 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 20 October 2017.

R G Chambers

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

NISECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

1.	General information

Nisech Limited is a private company limited by shares and is incorporated in England. Its registered office is Greenwood House, Greenwood Court, Bury St Edmunds, Suffolk.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.4

Creditors

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.

2.5

Dividends

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Employees

The average monthly number of employees, including directors, during the year was 0 (2016 - 0).

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NISECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 February 2016	4,659,321
	At 31 January 2017	4,659,321

	Net book value
	At 31 January 2017	4,659,321
	At 31 January 2016	4,659,321

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Country of incorporation	Class of shares	Holding	Principal activity

Chambers Farming Group Limited

England

Ordinary

100%

Farming

The aggregate of the share capital and reserves as at 31 January 2017 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
	Aggregate of share capital and reserves	Profit/(loss)
	£	£

	Chambers Farming Group Limited	1,643,682	107,955
		1,643,682	107,955

Page 3

NISECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Amounts owed to group undertakings	23,185	23,185
	23,185	23,185

Page 4


		NISECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

6.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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