Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-311526500016790000The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity22truetrue 11288089 2022-04-01 2023-03-31 11288089 2021-04-01 2022-03-31 11288089 2023-03-31 11288089 2022-03-31 11288089 c:Director1 2022-04-01 2023-03-31 11288089 d:MotorVehicles 2022-04-01 2023-03-31 11288089 d:MotorVehicles 2023-03-31 11288089 d:MotorVehicles 2022-03-31 11288089 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11288089 d:ComputerEquipment 2022-04-01 2023-03-31 11288089 d:ComputerEquipment 2023-03-31 11288089 d:ComputerEquipment 2022-03-31 11288089 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11288089 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11288089 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 11288089 d:FreeholdInvestmentProperty 2023-03-31 11288089 d:FreeholdInvestmentProperty 2022-03-31 11288089 d:LeaseholdInvestmentProperty 2022-04-01 2023-03-31 11288089 d:LeaseholdInvestmentProperty 2023-03-31 11288089 d:LeaseholdInvestmentProperty 2022-03-31 11288089 d:CurrentFinancialInstruments 2023-03-31 11288089 d:CurrentFinancialInstruments 2022-03-31 11288089 d:Non-currentFinancialInstruments 2023-03-31 11288089 d:Non-currentFinancialInstruments 2022-03-31 11288089 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11288089 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11288089 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11288089 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11288089 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11288089 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 11288089 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11288089 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 11288089 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11288089 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 11288089 d:ShareCapital 2023-03-31 11288089 d:ShareCapital 2022-03-31 11288089 d:SharePremium 2023-03-31 11288089 d:SharePremium 2022-03-31 11288089 d:RetainedEarningsAccumulatedLosses 2023-03-31 11288089 d:RetainedEarningsAccumulatedLosses 2022-03-31 11288089 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11288089 c:OrdinaryShareClass1 2023-03-31 11288089 c:OrdinaryShareClass1 2022-03-31 11288089 c:FRS102 2022-04-01 2023-03-31 11288089 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11288089 c:FullAccounts 2022-04-01 2023-03-31 11288089 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11288089 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11288089









SUE AND DIN'S PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SUE AND DIN'S PROPERTIES LTD
REGISTERED NUMBER: 11288089

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,826
35,003

Investment property
 5 
7,632,500
8,395,000

  
7,661,326
8,430,003

Current assets
  

Debtors: amounts falling due within one year
 6 
457,391
457,391

Cash at bank and in hand
 7 
944,156
561,104

  
1,401,547
1,018,495

Creditors: amounts falling due within one year
 8 
(113,292)
(149,544)

Net current assets
  
 
 
1,288,255
 
 
868,951

Total assets less current liabilities
  
8,949,581
9,298,954

Creditors: amounts falling due after more than one year
 9 
(1,084,216)
(1,270,675)

  

Net assets
  
7,865,365
8,028,279


Capital and reserves
  

Called up share capital 
 11 
10,000
10,000

Share premium account
  
7,839,418
7,839,418

Profit and loss account
  
15,947
178,861

  
7,865,365
8,028,279


Page 1

 
SUE AND DIN'S PROPERTIES LTD
REGISTERED NUMBER: 11288089
    
STATEMENT OF FINANCIAL POSITION (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 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 on 28 September 2023.




Nazmudin Amlani
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, registered and incorporated in England & Wales.
The address of the registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London, United Kingdom, E14 9FJ.

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

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:

Motor vehicles
-
15%
Reducing balance basis
Computer equipment
-
25%
Reducing balance basis

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.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

Page 4

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
Page 5

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 6

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
40,538
728
41,266


Additions
-
114
114



At 31 March 2023

40,538
842
41,380



Depreciation


At 1 April 2022
6,081
182
6,263


Charge for the year on owned assets
6,081
210
6,291



At 31 March 2023

12,162
392
12,554



Net book value



At 31 March 2023
28,376
450
28,826



At 31 March 2022
34,457
546
35,003


5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2022
6,160,000
2,235,000
8,395,000


Additions at cost
-
12,500
12,500


Disposals
(775,000)
-
(775,000)



At 31 March 2023
5,385,000
2,247,500
7,632,500

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




Page 7

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
457,391
457,391

457,391
457,391



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
944,156
561,104

944,156
561,104



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
96,536
108,972

Trade creditors
8,247
5,783

Corporation tax
-
23,351

Other taxation and social security
827
365

Other creditors
482
3,873

Accruals and deferred income
7,200
7,200

113,292
149,544


The following liabilities were secured:

2023
2022
£
£



Bank loans
96,536
108,972

96,536
108,972

Details of security provided:

The company has loans of £96,536 (2022: £108,972) falling due less than one year, which are secured against properties of the company. Remaining loan terms are between 1 and 20 years and interest rates range from 2 to 4%.

Page 8

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,084,216
1,270,675

1,084,216
1,270,675


The following liabilities were secured:

2023
2022
£
£



Bank loans
1,084,216
1,270,675

1,084,216
1,270,675

Details of security provided:

The company has loans of £1,084,216 (2022: £1,270,675) falling due later than one year, which are secured against properties of the company. Remaining loan terms are between 1 and 20 years and interest rates range from 2 to 4%.

Page 9

 
SUE AND DIN'S PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
96,536
108,972


96,536
108,972

Amounts falling due 1-2 years

Bank loans
82,796
108,368


82,796
108,368

Amounts falling due 2-5 years

Bank loans
152,217
261,914


152,217
261,914

Amounts falling due after more than 5 years

Bank loans
849,203
900,392

849,203
900,392

1,180,752
1,379,646



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £50.000 each
10,000
10,000


 
Page 10