Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true1false2022-02-01managing properties in the Stoke on Trent area1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 3639180 2022-02-01 2023-01-31 3639180 2020-10-01 2022-01-31 3639180 2023-01-31 3639180 2022-01-31 3639180 c:Director1 2022-02-01 2023-01-31 3639180 d:Buildings 2022-02-01 2023-01-31 3639180 d:Buildings 2023-01-31 3639180 d:Buildings 2022-01-31 3639180 d:FurnitureFittings 2022-02-01 2023-01-31 3639180 d:FurnitureFittings 2023-01-31 3639180 d:FurnitureFittings 2022-01-31 3639180 d:CurrentFinancialInstruments 2023-01-31 3639180 d:CurrentFinancialInstruments 2022-01-31 3639180 d:Non-currentFinancialInstruments 2023-01-31 3639180 d:Non-currentFinancialInstruments 2022-01-31 3639180 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 3639180 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 3639180 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 3639180 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 3639180 d:ShareCapital 2023-01-31 3639180 d:ShareCapital 2022-01-31 3639180 d:RetainedEarningsAccumulatedLosses 2023-01-31 3639180 d:RetainedEarningsAccumulatedLosses 2022-01-31 3639180 c:FRS102 2022-02-01 2023-01-31 3639180 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 3639180 c:FullAccounts 2022-02-01 2023-01-31 3639180 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 3639180 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 3639180










POTTY PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
POTTY PROPERTIES LTD
REGISTERED NUMBER: 3639180

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
100,067
100,067

  
100,067
100,067

Current assets
  

Cash at bank and in hand
  
9,773
12,333

  
9,773
12,333

Creditors: amounts falling due within one year
 5 
(26,765)
(28,866)

Net current liabilities
  
 
 
(16,992)
 
 
(16,533)

Total assets less current liabilities
  
83,075
83,534

Creditors: amounts falling due after more than one year
 6 
(79,300)
(79,300)

  

Net assets
  
3,775
4,234


Capital and reserves
  

Called up share capital 
  
107
107

Profit and loss account
  
3,668
4,127

  
3,775
4,234


Page 1

 
POTTY PROPERTIES LTD
REGISTERED NUMBER: 3639180
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The director considers 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 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 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 22 September 2023.




C Bennett
Director

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

Page 2

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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:

Freehold land and buildings
-
Fixtures and fittings
-
15% 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.

 
1.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.Accounting policies (continued)

 
1.5

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.

 
1.6

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.

 
1.7

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are 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 Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a 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.

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

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an
Page 4

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.Accounting policies (continued)


1.7
Financial instruments (continued)

intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 03639180
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 February 2022
100,000
1,800
101,800



At 31 January 2023

100,000
1,800
101,800



Depreciation


At 1 February 2022
-
1,733
1,733



At 31 January 2023

-
1,733
1,733



Net book value



At 31 January 2023
100,000
67
100,067



At 31 January 2022
100,000
67
100,067


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
26,154
28,294

Accruals and deferred income
611
572

26,765
28,866



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
79,300
79,300

79,300
79,300


 
Page 6