2021-11-222023-03-312023-03-31false13758933AUDACTER PROP (CT13) LTD2023-10-0468100iso4217:GBPxbrli:pure137589332021-11-22137589332023-03-31137589332021-11-222023-03-31137589332021-11-21137589332021-11-21137589332021-11-212021-11-2113758933bus:SmallEntities2021-11-222023-03-3113758933bus:AuditExempt-NoAccountantsReport2021-11-222023-03-3113758933bus:FullAccounts2021-11-222023-03-3113758933bus:PrivateLimitedCompanyLtd2021-11-222023-03-3113758933core:WithinOneYear2023-03-3113758933core:AfterOneYear2023-03-3113758933core:WithinOneYear2021-11-2113758933core:AfterOneYear2021-11-2113758933core:ShareCapital2023-03-3113758933core:SharePremium2023-03-3113758933core:RevaluationReserve2023-03-3113758933core:OtherReservesSubtotal2023-03-3113758933core:RetainedEarningsAccumulatedLosses2023-03-3113758933core:ShareCapital2021-11-2113758933core:SharePremium2021-11-2113758933core:RevaluationReserve2021-11-2113758933core:OtherReservesSubtotal2021-11-2113758933core:RetainedEarningsAccumulatedLosses2021-11-2113758933core:LandBuildings2023-03-3113758933core:PlantMachinery2023-03-3113758933core:Vehicles2023-03-3113758933core:FurnitureFittings2023-03-3113758933core:OfficeEquipment2023-03-3113758933core:NetGoodwill2023-03-3113758933core:IntangibleAssetsOtherThanGoodwill2023-03-3113758933core:ListedExchangeTraded2023-03-3113758933core:UnlistedNon-exchangeTraded2023-03-3113758933core:LandBuildings2021-11-2113758933core:PlantMachinery2021-11-2113758933core:Vehicles2021-11-2113758933core:FurnitureFittings2021-11-2113758933core:OfficeEquipment2021-11-2113758933core:NetGoodwill2021-11-2113758933core:IntangibleAssetsOtherThanGoodwill2021-11-2113758933core:ListedExchangeTraded2021-11-2113758933core:UnlistedNon-exchangeTraded2021-11-2113758933core:LandBuildings2021-11-222023-03-3113758933core:PlantMachinery2021-11-222023-03-3113758933core:Vehicles2021-11-222023-03-3113758933core:FurnitureFittings2021-11-222023-03-3113758933core:OfficeEquipment2021-11-222023-03-3113758933core:NetGoodwill2021-11-222023-03-3113758933core:IntangibleAssetsOtherThanGoodwill2021-11-222023-03-3113758933core:ListedExchangeTraded2021-11-222023-03-3113758933core:UnlistedNon-exchangeTraded2021-11-222023-03-3113758933core:MoreThanFiveYears2021-11-222023-03-3113758933core:Non-currentFinancialInstruments2023-03-3113758933core:Non-currentFinancialInstruments2021-11-2113758933dpl:CostSales2021-11-222023-03-3113758933dpl:DistributionCosts2021-11-222023-03-3113758933dpl:AdministrativeExpenses2021-11-222023-03-3113758933core:LandBuildings2021-11-222023-03-3113758933core:PlantMachinery2021-11-222023-03-3113758933core:Vehicles2021-11-222023-03-3113758933core:FurnitureFittings2021-11-222023-03-3113758933core:OfficeEquipment2021-11-222023-03-3113758933core:NetGoodwill2021-11-222023-03-3113758933core:IntangibleAssetsOtherThanGoodwill2021-11-222023-03-3113758933dpl:GroupUndertakings2021-11-222023-03-3113758933dpl:ParticipatingInterests2021-11-222023-03-3113758933dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-222023-03-3113758933core:ListedExchangeTraded2021-11-222023-03-3113758933dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-222023-03-3113758933core:UnlistedNon-exchangeTraded2021-11-222023-03-3113758933dpl:CostSales2021-11-212021-11-2113758933dpl:DistributionCosts2021-11-212021-11-2113758933dpl:AdministrativeExpenses2021-11-212021-11-2113758933core:LandBuildings2021-11-212021-11-2113758933core:PlantMachinery2021-11-212021-11-2113758933core:Vehicles2021-11-212021-11-2113758933core:FurnitureFittings2021-11-212021-11-2113758933core:OfficeEquipment2021-11-212021-11-2113758933core:NetGoodwill2021-11-212021-11-2113758933core:IntangibleAssetsOtherThanGoodwill2021-11-212021-11-2113758933dpl:GroupUndertakings2021-11-212021-11-2113758933dpl:ParticipatingInterests2021-11-212021-11-2113758933dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-212021-11-2113758933core:ListedExchangeTraded2021-11-212021-11-2113758933dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-212021-11-2113758933core:UnlistedNon-exchangeTraded2021-11-212021-11-2113758933core:NetGoodwill2023-03-3113758933core:IntangibleAssetsOtherThanGoodwill2023-03-3113758933core:LandBuildings2023-03-3113758933core:PlantMachinery2023-03-3113758933core:Vehicles2023-03-3113758933core:FurnitureFittings2023-03-3113758933core:OfficeEquipment2023-03-3113758933core:AfterOneYear2023-03-3113758933core:WithinOneYear2023-03-3113758933core:ListedExchangeTraded2023-03-3113758933core:UnlistedNon-exchangeTraded2023-03-3113758933core:ShareCapital2023-03-3113758933core:SharePremium2023-03-3113758933core:RevaluationReserve2023-03-3113758933core:OtherReservesSubtotal2023-03-3113758933core:RetainedEarningsAccumulatedLosses2023-03-3113758933core:NetGoodwill2021-11-2113758933core:IntangibleAssetsOtherThanGoodwill2021-11-2113758933core:LandBuildings2021-11-2113758933core:PlantMachinery2021-11-2113758933core:Vehicles2021-11-2113758933core:FurnitureFittings2021-11-2113758933core:OfficeEquipment2021-11-2113758933core:AfterOneYear2021-11-2113758933core:WithinOneYear2021-11-2113758933core:ListedExc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AUDACTER PROP (CT13) LTD

Registered Number
13758933
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2023

AUDACTER PROP (CT13) LTD
Company Information
for the period from 22 November 2021 to 31 March 2023

Director

D Clive

Registered Address

16 Great Queen Street
London
WC2B 5AH

Registered Number

13758933 (England and Wales)
AUDACTER PROP (CT13) LTD
Balance Sheet as at
31 March 2023

Notes

2023

£

£

Fixed assets
Investment property5938,420
938,420
Current assets
Debtors75,492
Cash at bank and on hand8,815
14,307
Creditors amounts falling due within one year8(301,351)
Net current assets (liabilities)(287,044)
Total assets less current liabilities651,376
Creditors amounts falling due after one year9(655,495)
Net assets(4,119)
Capital and reserves
Profit and loss account(4,119)
Shareholders' funds(4,119)
The financial statements were approved and authorised for issue by the Director on 4 October 2023, and are signed on its behalf by:
D Clive
Director
Registered Company No. 13758933
AUDACTER PROP (CT13) LTD
Notes to the Financial Statements
for the period ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£). The share capital of the company as at 31 March 2023 and incorporation is 1 Ordinary Share of £0.01, issued and paid up in full at nominal value.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Investment property policy
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.
Revenue recognition policy
Revenue comprises rental income, service charges and other recoveries from tenants of the company’s investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.
Valuation of financial instruments policy
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. Basic financial assets, including trade and other debtors, and cash and bank balances, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and 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. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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 director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder to fund its working capital requirement for a period of at least twelve months for the date these financial statements were approved.
4.Employee information
The average number of employees include directors.

2023
Average number of employees during the year1
5.Investment property

£
Additions938,420
At 31 March 23938,420
6.Description of nature of transactions and balances with related parties
During the period the director of the company paid expenses of £3,442 on behalf of the company and paid £5,000 to the company. As at the balance sheet date the director was owed £8,442 by the company. As at the year end, the company owed £283,965 to Audacter Limited, a company under common control.
7.Debtors

2023

£
Other debtors3,000
Prepayments and accrued income2,492
Total5,492
8.Creditors within one year

2023

£
Other creditors295,407
Accrued liabilities and deferred income5,944
Total301,351
9.Creditors after one year

2023

£
Bank borrowings and overdrafts655,495
Total655,495
Bank loans totalling £655,495 is a interest only loan secured over the company's investment property. The Loan is repayable in 2042.