Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31true2021-11-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02246437 2021-11-01 2022-10-31 02246437 2020-11-01 2021-10-31 02246437 2022-10-31 02246437 2021-10-31 02246437 c:Director3 2021-11-01 2022-10-31 02246437 d:FurnitureFittings 2021-11-01 2022-10-31 02246437 d:FurnitureFittings 2022-10-31 02246437 d:FurnitureFittings 2021-10-31 02246437 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 02246437 d:OfficeEquipment 2021-11-01 2022-10-31 02246437 d:OfficeEquipment 2022-10-31 02246437 d:OfficeEquipment 2021-10-31 02246437 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 02246437 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 02246437 d:CurrentFinancialInstruments 2022-10-31 02246437 d:CurrentFinancialInstruments 2021-10-31 02246437 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02246437 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 02246437 d:ShareCapital 2022-10-31 02246437 d:ShareCapital 2021-10-31 02246437 d:RetainedEarningsAccumulatedLosses 2022-10-31 02246437 d:RetainedEarningsAccumulatedLosses 2021-10-31 02246437 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 02246437 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-10-31 02246437 c:FRS102 2021-11-01 2022-10-31 02246437 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 02246437 c:FullAccounts 2021-11-01 2022-10-31 02246437 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 02246437









LANGLEY PROPERTY MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
LANGLEY PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 02246437

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
148
196

  
148
196

Current assets
  

Debtors: amounts falling due within one year
 5 
221,065
189,118

Cash at bank and in hand
  
6,585
17,262

  
227,650
206,380

Creditors: amounts falling due within one year
 6 
(88,093)
(77,506)

Net current assets
  
 
 
139,557
 
 
128,874

Total assets less current liabilities
  
139,705
129,070

  

Net assets
  
139,705
129,070


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
139,605
128,970

  
139,705
129,070


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 profit and loss account 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 18 October 2023.



Page 1

 
LANGLEY PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 02246437
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022


................................................
Miss L Zeira
Director

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

Page 2

 
LANGLEY PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Langley Property Management Limited is a private company, limited by shares and incoporated in England and Wales. The registration number is 02246437. The registered office is 1 The Green, Richmond, Surrey, TW9 1PL.

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

The financial statements are prepared on a going concern basis.
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements. 

 
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

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.

Page 3

 
LANGLEY PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

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:

Fixtures and fittings
-
25% on reducing balance
Office equipment
-
25% on reducing balance

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.
Page 4

 
LANGLEY PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.10
Financial instruments (continued)



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2021
6,872
2,975
9,847



At 31 October 2022

6,872
2,975
9,847



Depreciation


At 1 November 2021
6,848
2,802
9,650


Charge for the year on owned assets
6
43
49



At 31 October 2022

6,854
2,845
9,699



Net book value



At 31 October 2022
18
130
148



At 31 October 2021
23
173
196

Page 5

 
LANGLEY PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Debtors

2022
2021
£
£


Other debtors
89,511
90,339

Prepayments and accrued income
131,554
98,779

221,065
189,118



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
1,634
-

Corporation tax
16,407
13,937

Other creditors
61,981
55,197

Accruals and deferred income
8,071
8,372

88,093
77,506



7.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
6,585
17,262




Financial assets measured at fair value through profit or loss comprise cash in bank. 

Page 6

 
LANGLEY PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

8.


Transactions with directors

The following advances and credits to directors subsisted during the years ended 31st October 2022 and
31st October 2021:


2022
2021
£
£

Doctor D Zeira (deceased)


Balance outstanding at start of year
(29,267)
(29,267)

Amounts advanced
-
-

Amounts repaid
-
-

Balance outstanding at end of year
(29,267)
(29,267)


.



2022
2021
£
£

Miss L Zeira


Balance outstanding at start of year
(25,934)
(24,825)

Amounts advanced
3,800
9,800

Amounts repaid
(10,909)
(10,909)

Balance outstanding at end of year
(33,043)
(25,934)

 
Page 7