Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-302021-05-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 745977 2021-05-01 2022-04-30 745977 2020-05-01 2021-04-30 745977 2022-04-30 745977 2021-04-30 745977 c:Director2 2021-05-01 2022-04-30 745977 d:FreeholdInvestmentProperty 2021-05-01 2022-04-30 745977 d:FreeholdInvestmentProperty 2022-04-30 745977 d:FreeholdInvestmentProperty 2021-04-30 745977 d:CurrentFinancialInstruments 2022-04-30 745977 d:CurrentFinancialInstruments 2021-04-30 745977 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 745977 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 745977 d:ShareCapital 2022-04-30 745977 d:ShareCapital 2021-04-30 745977 d:RevaluationReserve 2022-04-30 745977 d:RevaluationReserve 2021-04-30 745977 d:RetainedEarningsAccumulatedLosses 2022-04-30 745977 d:RetainedEarningsAccumulatedLosses 2021-04-30 745977 c:OrdinaryShareClass1 2021-05-01 2022-04-30 745977 c:OrdinaryShareClass1 2022-04-30 745977 c:OrdinaryShareClass1 2021-04-30 745977 c:OrdinaryShareClass2 2021-05-01 2022-04-30 745977 c:OrdinaryShareClass2 2022-04-30 745977 c:OrdinaryShareClass2 2021-04-30 745977 c:OrdinaryShareClass3 2021-05-01 2022-04-30 745977 c:OrdinaryShareClass3 2022-04-30 745977 c:OrdinaryShareClass3 2021-04-30 745977 c:FRS102 2021-05-01 2022-04-30 745977 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 745977 c:FullAccounts 2021-05-01 2022-04-30 745977 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 745977 2 2021-05-01 2022-04-30 745977 5 2021-05-01 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 745977









SUNDEW PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

 
SUNDEW PROPERTIES LIMITED
REGISTERED NUMBER: 745977

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2022

2022
2021
£
£

Fixed assets
  

Investment property
 3 
-
345,621

  
-
345,621

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1,529

Cash at bank and in hand
 5 
450,061
32,476

  
450,061
34,005

Creditors: amounts falling due within one year
 6 
(80,941)
(53,876)

Net current assets/(liabilities)
  
 
 
369,120
 
 
(19,871)

Total assets less current liabilities
  
369,120
325,750

  

Net assets
  
369,120
325,750


Capital and reserves
  

Called up share capital 
 7 
100
100

Other reserves
  
-
169,739

Profit and loss account
  
369,020
155,911

  
369,120
325,750


Page 1

 
SUNDEW PROPERTIES LIMITED
REGISTERED NUMBER: 745977
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2022

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 the 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 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 by: 




M Newman
Director

Date: 9 August 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SUNDEW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

Sundew Properties Limited is a private company limited by shares and it is incorporated in England & Wales (registration number 00745977). The registered office is 64 New Cavendish Street, London, W1G 8TB.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Revenue

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SUNDEW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Statement of financial position date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

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.

 
2.6

Debtors

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.

 
2.7

Cash and cash equivalents

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.

 
2.8

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.

Page 4

 
SUNDEW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

3.


Investment property


Freehold investment property

£





At 1 May 2021
345,621


Additions at cost
66,400


Disposals
(412,021)



At 30 April 2022
-

The 2022 valuations were made by the directors, on an open market value for existing use basis.





4.


Debtors

2022
2021
£
£


Other debtors
-
1,529

-
1,529



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
450,061
32,476

450,061
32,476



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
21,600
-

Other creditors
44,778
39,313

Accruals and deferred income
14,563
14,563

80,941
53,876


Page 5

 
SUNDEW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



10 (2021 - 10) Ordinary class 'A' shares of £1.00 each
10
10
45 (2021 - 45) Ordinary class 'B' shares of £1.00 each
45
45
45 (2021 - 45) Ordinary class 'C' shares of £1.00 each
45
45

100

100

 
Page 6