Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-31falsetrueNo description of principal activity2 13881749 2022-01-30 13881749 2022-01-31 2023-03-31 13881749 2021-04-01 2022-01-30 13881749 2023-03-31 13881749 c:Director1 2022-01-31 2023-03-31 13881749 c:Director2 2022-01-31 2023-03-31 13881749 d:FreeholdInvestmentProperty 2022-01-31 2023-03-31 13881749 d:FreeholdInvestmentProperty 2023-03-31 13881749 d:CurrentFinancialInstruments 2023-03-31 13881749 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13881749 d:ShareCapital 2023-03-31 13881749 d:RetainedEarningsAccumulatedLosses 2023-03-31 13881749 c:FRS102 2022-01-31 2023-03-31 13881749 c:AuditExempt-NoAccountantsReport 2022-01-31 2023-03-31 13881749 c:FullAccounts 2022-01-31 2023-03-31 13881749 c:PrivateLimitedCompanyLtd 2022-01-31 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13881749









SECTOR REAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
SECTOR REAL ESTATE LIMITED
REGISTERED NUMBER: 13881749

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
5,160,305

  
5,160,305

Current assets
  

Debtors: amounts falling due within one year
 5 
42,082

Cash at bank and in hand
 6 
29,208

  
71,290

Creditors: Amounts Falling Due Within One Year
 7 
(5,164,877)

Net current (liabilities)/assets
  
 
 
(5,093,587)

Total assets less current liabilities
  
66,718

  

Net assets
  
66,718


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
66,618

  
66,718


Page 1

 
SECTOR REAL ESTATE LIMITED
REGISTERED NUMBER: 13881749
    
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 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 on 19 October 2023.




R J Walsh
E E C Pickering
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SECTOR REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Sector Real Estate Limited is a private company by shares and incorporated in England and Wales (registered number: 13881749). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in sterling, which is the functional currency of the Company.

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

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.

 
2.4

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.

Page 3

 
SECTOR REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
5,160,305



At 31 March 2023
5,160,305

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







Page 4

 
SECTOR REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

2023
£


Trade debtors
30,000

Other debtors
100

Prepayments and accrued income
11,982

42,082



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
29,208

29,208



7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
15,626

Other taxation and social security
8,084

Other creditors
5,137,167

Accruals and deferred income
4,000

5,164,877


 
Page 5