Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true2022-04-01falseNo description of principal activity2false 02130922 2022-04-01 2023-03-31 02130922 2021-04-01 2022-03-31 02130922 2023-03-31 02130922 2022-03-31 02130922 c:Director1 2022-04-01 2023-03-31 02130922 d:Buildings 2022-04-01 2023-03-31 02130922 d:Buildings 2023-03-31 02130922 d:Buildings 2022-03-31 02130922 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02130922 d:FurnitureFittings 2022-04-01 2023-03-31 02130922 d:FurnitureFittings 2023-03-31 02130922 d:FurnitureFittings 2022-03-31 02130922 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02130922 d:OfficeEquipment 2022-04-01 2023-03-31 02130922 d:OfficeEquipment 2023-03-31 02130922 d:OfficeEquipment 2022-03-31 02130922 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02130922 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02130922 d:CurrentFinancialInstruments 2023-03-31 02130922 d:CurrentFinancialInstruments 2022-03-31 02130922 d:Non-currentFinancialInstruments 2023-03-31 02130922 d:Non-currentFinancialInstruments 2022-03-31 02130922 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02130922 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02130922 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02130922 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02130922 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 02130922 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 02130922 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 02130922 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 02130922 d:ShareCapital 2023-03-31 02130922 d:ShareCapital 2022-03-31 02130922 d:RetainedEarningsAccumulatedLosses 2023-03-31 02130922 d:RetainedEarningsAccumulatedLosses 2022-03-31 02130922 c:FRS102 2022-04-01 2023-03-31 02130922 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02130922 c:FullAccounts 2022-04-01 2023-03-31 02130922 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02130922 d:Subsidiary1 2022-04-01 2023-03-31 02130922 d:Subsidiary1 1 2022-04-01 2023-03-31 02130922 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02130922









SELON TRADING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SELON TRADING LIMITED
REGISTERED NUMBER: 02130922

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,879,064
6,442,977

Investments
 5 
100
100

  
4,879,164
6,443,077

Current assets
  

Debtors: amounts falling due within one year
 6 
36,725
4,942

Cash at bank and in hand
 7 
686,782
84,872

  
723,507
89,814

Creditors: amounts falling due within one year
 8 
(206,937)
(355,950)

Net current assets/(liabilities)
  
 
 
516,570
 
 
(266,136)

Total assets less current liabilities
  
5,395,734
6,176,941

Creditors: amounts falling due after more than one year
 9 
(902,501)
(1,543,382)

  

Net assets
  
4,493,233
4,633,559


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,493,133
4,633,459

  
4,493,233
4,633,559

Page 1

 
SELON TRADING LIMITED
REGISTERED NUMBER: 02130922
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 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 by: 




N Tricot
Director

Date: 11 October 2023

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
SELON TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Selon Trading Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The principal activity of the group is the provision of accommodation services including the operation and management of social housing. The principal activity of the company is holding of freehold property which is operated and managed by its subsidiary company.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below.

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

Revenue

Turnover represents rent receivable. 

 
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.

Page 3

 
SELON TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25%
Office equipment
-
25%

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.

Freehold property is carried at fair value determined annually by the directors or, where relevant, by external valuers and derived from the current market rents and freehold 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 the Statement of Income and Retained Earnings.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SELON TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
6,438,835
21,402
1,240
6,461,477


Additions
60,033
-
1,678
61,711


Disposals
(1,624,441)
-
-
(1,624,441)



At 31 March 2023

4,874,427
21,402
2,918
4,898,747



Depreciation


At 1 April 2022
-
17,856
644
18,500


Charge for the year on owned assets
-
887
296
1,183



At 31 March 2023

-
18,743
940
19,683



Net book value



At 31 March 2023
4,874,427
2,659
1,978
4,879,064



At 31 March 2022
6,438,835
3,546
596
6,442,977

The 2023 valuations were made by the director, on an open market value for existing use basis.


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
100



At 31 March 2023
100




Page 5

 
SELON TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Flowerhills (London) Limited
Ground Floor, 45 Pall Mall, London, SW1Y 5JG
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
£
Profit/(Loss) £

Flowerhills (London) Limited

12,209
12,109


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
18,643
-

Other debtors
7,090
3,975

Prepayments and accrued income
10,992
967

36,725
4,942



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
686,782
84,872

686,782
84,872


Page 6

 
SELON TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
36,979
42,074

Trade creditors
45,293
54,253

Other taxation and social security
3,054
-

Other creditors
111,773
231,873

Accruals and deferred income
9,838
27,750

206,937
355,950



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans (secured)
902,501
1,543,382

902,501
1,543,382



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
36,979
42,074


36,979
42,074


Amounts falling due 2-5 years

Bank loans
147,915
168,296


147,915
168,296

Amounts falling due after more than 5 years

Bank loans
754,586
1,375,086

939,480
1,585,456


 
Page 7