Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-312022-03-31trueRenting and development of property.2020-11-031truetrue 12993174 2020-11-02 12993174 2020-11-03 2022-03-31 12993174 2019-12-02 2020-11-02 12993174 2022-03-31 12993174 c:Director1 2020-11-03 2022-03-31 12993174 d:FreeholdInvestmentProperty 2020-11-03 2022-03-31 12993174 d:CurrentFinancialInstruments 2022-03-31 12993174 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12993174 d:ShareCapital 2022-03-31 12993174 c:EntityHasNeverTraded 2020-11-03 2022-03-31 12993174 c:FRS102 2020-11-03 2022-03-31 12993174 c:AuditExempt-NoAccountantsReport 2020-11-03 2022-03-31 12993174 c:FullAccounts 2020-11-03 2022-03-31 12993174 c:PrivateLimitedCompanyLtd 2020-11-03 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 12993174










SUPERNE P AVENUE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2022

 
SUPERNE P AVENUE LIMITED
REGISTERED NUMBER: 12993174

BALANCE SHEET
AS AT 31 MARCH 2022

2022
Note
£

Fixed assets
  

Investment property
 3 
753,985

  
753,985

  

Creditors: amounts falling due within one year
 4 
(753,885)

Net current (liabilities)/assets
  
 
 
(753,885)

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
  
100

  
100


Page 1

 
SUPERNE P AVENUE LIMITED
REGISTERED NUMBER: 12993174
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

For the period ended 31 March 2022 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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: 




William Cooper
Director
Date: 28 September 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SUPERNE P AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 14th floor, 33 Cavendish Square, London, W1G 0PW. 

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.

 
2.2

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.3

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 3

 
SUPERNE P AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 4

 
SUPERNE P AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

3.


Investment property


Freehold investment property

£



Valuation


Additions at cost
753,985

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







4.


Creditors: Amounts falling due within one year

2022
£

Amounts owed to group undertakings
753,885



5.


Related party transactions

Included in creditors is an amount of £753,885 due to a parent company. The loan is interest free and repayable on demand.

Page 5