Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity41falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11759394 2021-01-01 2021-12-31 11759394 2020-01-01 2020-12-31 11759394 2021-12-31 11759394 2020-12-31 11759394 c:Director1 2021-01-01 2021-12-31 11759394 d:OfficeEquipment 2021-01-01 2021-12-31 11759394 d:OfficeEquipment 2021-12-31 11759394 d:OfficeEquipment 2020-12-31 11759394 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11759394 d:CurrentFinancialInstruments 2021-12-31 11759394 d:CurrentFinancialInstruments 2020-12-31 11759394 d:Non-currentFinancialInstruments 2021-12-31 11759394 d:Non-currentFinancialInstruments 2020-12-31 11759394 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11759394 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11759394 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11759394 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 11759394 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 11759394 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 11759394 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11759394 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 11759394 d:ShareCapital 2021-12-31 11759394 d:ShareCapital 2020-12-31 11759394 d:RetainedEarningsAccumulatedLosses 2021-12-31 11759394 d:RetainedEarningsAccumulatedLosses 2020-12-31 11759394 c:FRS102 2021-01-01 2021-12-31 11759394 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11759394 c:FullAccounts 2021-01-01 2021-12-31 11759394 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11759394 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 11759394









TAB LONDON PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
TAB LONDON PROPERTY LIMITED
REGISTERED NUMBER: 11759394

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,197
1,598

Investments
 5 
1
1

  
1,198
1,599

Current assets
  

Debtors: amounts falling due within one year
 6 
74,658
81,540

Cash at bank and in hand
 7 
1,205
5,335

  
75,863
86,875

Creditors: amounts falling due within one year
 8 
(27,057)
(20,165)

Net current assets
  
 
 
48,806
 
 
66,710

Total assets less current liabilities
  
50,004
68,309

Creditors: amounts falling due after more than one year
 9 
(34,612)
(45,000)

  

Net assets
  
15,392
23,309


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
15,292
23,209

  
15,392
23,309


Page 1

 
TAB LONDON PROPERTY LIMITED
REGISTERED NUMBER: 11759394
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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: 




D L Kreeger
Director

Date: 5 August 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TAB LONDON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Tab London Property Limited is a company limited by shares, registered in England and Wales (registered number: 11759394). The registered address of the Company is 64 New Cavendish Street, London, W1G 8TB. The financial statements are presented in pound sterling (£ GBP), 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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

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.

Page 3

 
TAB LONDON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

Page 4

 
TAB LONDON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2021
2,500



At 31 December 2021

2,500



Depreciation


At 1 January 2021
903


Charge for the year on owned assets
400



At 31 December 2021

1,303



Net book value



At 31 December 2021
1,197



At 31 December 2020
1,598

Page 5

 
TAB LONDON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
1



At 31 December 2021
1





6.


Debtors

2021
2020
£
£


Trade debtors
161
161

Amounts owed by group undertakings
1,584
-

Other debtors
72,913
77,629

Prepayments and accrued income
-
3,750

74,658
81,540



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
1,205
5,335

1,205
5,335


Page 6

 
TAB LONDON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
10,664
5,000

Trade creditors
-
7,175

Amounts owed to group undertakings
13,893
6,740

Accruals and deferred income
2,500
1,250

27,057
20,165



9.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
34,612
45,000

34,612
45,000


Page 7

 
TAB LONDON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

10.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
10,664
5,000


10,664
5,000

Amounts falling due 1-2 years

Bank loans
10,648
45,000


10,648
45,000

Amounts falling due 2-5 years

Bank loans
23,964
-


23,964
-


45,276
50,000



11.


Related party transactions

During the year, rent of £6,000 (2020: £4,123) was paid to companies under common control. At the year-end, the Company was owed £72,912 (2020: £77,630) by companies under common control, and owed £13,893 (2020: £6,741) to group undertakings in respect of interest-free loans which are repayable on demand.

 
Page 8