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Registered number: 13030212












ALLERTON SPV21 LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

 

ALLERTON SPV21 LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 8


 

ALLERTON SPV21 LIMITED
 
COMPANY INFORMATION


Directors
Y M Khan 
K Y Dodia 




Registered number
13030212



Registered office
Victoria House
49 Clarendon Road

Watford

Hertfordshire

WD17 1HP




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:13030212
ALLERTON SPV21 LIMITED

BALANCE SHEET
AS AT 31 MARCH 2022

2022
Note
£

  

Current assets
  

Stocks
  
204,039

Debtors: amounts falling due within one year
 4 
638

  
204,677

Creditors: amounts falling due within one year
 5 
(206,598)

Net current liabilities
  
 
 
(1,921)

Total assets less current liabilities
  
(1,921)

  

Net liabilities
  
(1,921)


Capital and reserves
  

Called up share capital 
 6 
100

Profit and loss account
  
(2,021)

Shareholders' deficit
  
(1,921)


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 profit and loss account 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: 




K Y Dodia
Director

Date: 19 August 2022

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 

ALLERTON SPV21 LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Shareholders' deficit

£
£
£



Loss for the period
-
(2,021)
(2,021)

Shares issued during the period
100
-
100


At 31 March 2022
100
(2,021)
(1,921)

Page 3

 

ALLERTON SPV21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

1.


General information

Allerton SPV21 Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is Victoria House, 49 Clarendon Road, Watford, Hertfordshire, WD17 1HP.
The company was incorporated on 19 November 2020 and these financial statements have been prepared for a period from 19 November 2020 to 31 March 2022 in order to align its period end with other group entities.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

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

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The directors consider this basis to be appropriate as the company has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.

 
2.3

Stocks

Stock consists of property acquired for development and is recognised at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Additions to stock are recognised at cost.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.4

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 4

 

ALLERTON SPV21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.5

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including other debtors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 5

 

ALLERTON SPV21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2022
£


Other debtors
638


Page 6

 

ALLERTON SPV21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

5.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
659

Amounts owed to group undertakings
199,056

Other creditors
3,083

Accruals and deferred income
3,800

206,598


Amounts owed to group undertakings are interest free, have no fixed repayment date and are repayable on demand.


6.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.
On incorporation the company issued 100 ordinary shares of £1 each at par, in order to establish the capital structure of the company.


7.


Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


8.


Controlling party

The immediate parent undertaking is Allerton SPV Holdings Developments Limited.
The company considers Allerton Group LLP as its ultimate parent company.
The parent undertaking of the smallest group of undertakings for which group financial statements are drawn up and of which the company is a member is Allerton Group LLP, whose registered office is at Victoria House, 49 Clarendon Road, Watford, Hertfordshire, WD17 1HP. Copies of these group financial statements are available to the public from its registered office.
Allerton Group LLP is directed and controlled by Y M Khan and K Y Dodia.

Page 7

 

ALLERTON SPV21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

9.


Auditor's information

The auditor's report on the financial statements for the period ended 31 March 2022 was unqualified.

The audit report was signed on 19 August 2022 by Daniel Burke (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

 
Page 8