Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-01-01falseNo description of principal activity00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12937235 2022-01-01 2022-12-31 12937235 2021-01-01 2021-12-31 12937235 2022-12-31 12937235 2021-12-31 12937235 c:Director1 2022-01-01 2022-12-31 12937235 c:Director1 2022-12-31 12937235 c:Director2 2022-01-01 2022-12-31 12937235 c:Director4 2022-01-01 2022-12-31 12937235 c:Director4 2022-12-31 12937235 c:RegisteredOffice 2022-01-01 2022-12-31 12937235 d:Buildings 2022-01-01 2022-12-31 12937235 d:Buildings 2022-12-31 12937235 d:Buildings 2021-12-31 12937235 d:FurnitureFittings 2022-01-01 2022-12-31 12937235 d:FurnitureFittings 2022-12-31 12937235 d:FurnitureFittings 2021-12-31 12937235 d:CurrentFinancialInstruments 2022-12-31 12937235 d:CurrentFinancialInstruments 2021-12-31 12937235 d:Non-currentFinancialInstruments 2022-12-31 12937235 d:Non-currentFinancialInstruments 2021-12-31 12937235 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12937235 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12937235 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12937235 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 12937235 d:ShareCapital 2022-12-31 12937235 d:ShareCapital 2021-12-31 12937235 d:OtherMiscellaneousReserve 2022-12-31 12937235 d:OtherMiscellaneousReserve 2021-12-31 12937235 d:RetainedEarningsAccumulatedLosses 2022-12-31 12937235 d:RetainedEarningsAccumulatedLosses 2021-12-31 12937235 c:FRS102 2022-01-01 2022-12-31 12937235 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12937235 c:FullAccounts 2022-01-01 2022-12-31 12937235 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12937235 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure


















Britannia Global Estates Limited























Unaudited

Directors' report and financial statements



For the year ended 31 December 2022



Registered number: 12937235

 
Britannia Global Estates Limited


Company Information


Directors
Julio Cesar Herrera 
Jose Francisco Herrera 
Gabriela Maldonado Urrechaga




Registered number
12937235



Registered office
Level 28, 52 Lime Street

 London

EC3M 7AF





 
Britannia Global Estates Limited


Contents



Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Notes to the financial statements
4 - 6


 
Britannia Global Estates Limited

 
Directors' report
For the year ended 31 December 2022

The directors present their report and the financial statements of Britannia Global Estates Limited ('the company') for the year ended 31 December 2022.

Directors

The directors who served during the year were:

Julio Cesar Herrera (appointed 26 August 2022)
Jose Francisco Herrera 
Gabriela Maldonado Urrechaga (appointed 26 August 2022)
Julio Martin Herrera (resigned on 17 August 2022)
Sofia Saracho De Oyarzabal
Sofia Saraco De Oyarzabal resigned as a director on 30 August 2023.
 
Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 11 October 2023 and signed on its behalf by:
 





Gabriela Maldonado Urrechaga
Director

Page 1

 
Britannia Global Estates Limited


Statement of comprehensive income
For the year ended 31 December 2022

2022
2021
Note
£
£

  

Administrative expenses
  
(2,370,168)
(131,419)

Operating loss
  
(2,370,168)
(131,419)

Interest payable and similar expenses
  
(6)
(1,472)

Loss before tax
  
(2,370,174)
(132,891)

Loss for the financial year
  
(2,370,174)
(132,891)

Other comprehensive income for the year
  

  

Total comprehensive income for the year
  
(2,370,174)
(132,891)

There were no recognised gains and losses for 2022 or 2021 other than those included in the statement of comprehensive income.

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
Britannia Global Estates Limited - Registered number: 12937235

Consolidated satement of financial position
As at 31 December 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 3 
32,806,360
32,197,574

Investments
 4 
732
732

  
32,807,092
32,198,306

Current assets
  

Cash at bank and in hand
  
8,872
114,505

  
8,872
114,505

Creditors: due within one year
 5 
(3,000)
(15,774)

Net current assets
  
 
 
5,872
 
 
98,731

Total assets less current liabilities
  
32,812,964
32,297,037

Creditors: due after more than one year
 6 
(31,895,785)
(29,607,288)

  

Net assets
  
917,179
2,689,749


Capital and reserves
  

Called up share capital 
  
2,822,640
2,822,640

Capital contribution reserve
  
597,604
-

Profit and loss account
  
(2,503,065)
(132,891)

  
917,179
2,689,749


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 were approved and authorised for issue by the board and were signed on its behalf on 11 October 2023 by:


Gabriela Maldonado Urrechaga
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
Britannia Global Estates Limited

 
Notes to the financial statements
For the year ended 31 December 2022

1.


General information

Britannia Global Estates Limited is a company limited by shares and is incorporated in England and Wales, registration number 12937235. The registered office and principle place of business is Level 28, 52 Lime Street, London, England, EC3M 7AF. The companies principal activity is management of real estate.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

  
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income 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
Page 4

 
Britannia Global Estates Limited

Notes to the financial statements
For the year ended 31 December 2022

2.Accounting policies (continued)


2.6
Financial instruments (continued)

period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.


3.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2022
32,058,776
138,798
32,197,574


Additions
608,786
-
608,786



At 31 December 2022

32,667,562
138,798
32,806,360






Net book value



At 31 December 2022
32,667,562
138,798
32,806,360



At 31 December 2021
32,058,776
138,798
32,197,574


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
732



At 31 December 2022
732




Page 5

 
Britannia Global Estates Limited

 
Notes to the financial statements
For the year ended 31 December 2022

5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
-
15,774

Accruals and deferred income
3,000
-

3,000
15,774



6.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
31,895,785
29,607,288

31,895,785
29,607,288


Page 6