Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falseNo description of principal activity2022-06-092truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14161690 2022-06-08 14161690 2022-06-09 2022-12-31 14161690 2021-06-09 2022-06-08 14161690 2022-12-31 14161690 c:Director1 2022-06-09 2022-12-31 14161690 d:Buildings d:ShortLeaseholdAssets 2022-06-09 2022-12-31 14161690 d:Buildings d:ShortLeaseholdAssets 2022-12-31 14161690 d:CurrentFinancialInstruments 2022-12-31 14161690 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14161690 d:ShareCapital 2022-12-31 14161690 d:RetainedEarningsAccumulatedLosses 2022-12-31 14161690 c:OrdinaryShareClass1 2022-06-09 2022-12-31 14161690 c:OrdinaryShareClass1 2022-12-31 14161690 c:FRS102 2022-06-09 2022-12-31 14161690 c:AuditExempt-NoAccountantsReport 2022-06-09 2022-12-31 14161690 c:FullAccounts 2022-06-09 2022-12-31 14161690 c:PrivateLimitedCompanyLtd 2022-06-09 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14161690









Q P15 (B PALACE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
Q P15 (B PALACE) LIMITED
REGISTERED NUMBER: 14161690

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
  
138,710

  
138,710

Current assets
  

Debtors: amounts falling due within one year
 5 
509,088

  
509,088

Creditors: amounts falling due within one year
 6 
(639,333)

Net current (liabilities)/assets
  
 
 
(130,245)

Total assets less current liabilities
  
8,465

  

Net assets
  
8,465


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
8,365

  
8,465


Page 1

 
Q P15 (B PALACE) LIMITED
REGISTERED NUMBER: 14161690
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 period 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: 




C Campion
Director

Date: 29 September 2023

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

Page 2

 
Q P15 (B PALACE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Q P15 (B Palace) Limited  is a private company limited by shares, incorporated in England & Wales (registered number 14161690). Its registered office and principal place of business is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
.
The financial statements are presented in Sterling, which is the functional currency of the Company.
The company was incorporated on 9 June 2022 and began trading on the same date.

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.

 
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.

 
2.4

Borrowing costs

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

Page 3

 
Q P15 (B PALACE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

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:

Short-term leasehold property
-
25%
Straight-line

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.

 
2.6

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.

 
2.7

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 period was 2.

Page 4

 
Q P15 (B PALACE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Short-term leasehold property

£



Cost or valuation


Additions
142,267



At 31 December 2022

142,267



Depreciation


Charge for the period on owned assets
3,557



At 31 December 2022

3,557



Net book value



At 31 December 2022
138,710


5.


Debtors

2022
£


Trade debtors
1,008

Amounts owed by group undertakings
477,244

Other debtors
30,478

Prepayments and accrued income
358

509,088


Page 5

 
Q P15 (B PALACE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
£

Bank overdrafts
20

Trade creditors
80,457

Amounts owed to group undertakings
126,681

Accruals and deferred income
432,175

639,333



7.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On 9th June 2022, the day of incorporation, 100 ordinary shares of £1 each were issued and fully paid.

 
Page 6