Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-02-01falseNo description of principal activity2falsetrue 09967585 2022-02-01 2023-01-31 09967585 2021-02-01 2022-01-31 09967585 2023-01-31 09967585 2022-01-31 09967585 c:Director2 2022-02-01 2023-01-31 09967585 d:FreeholdInvestmentProperty 2023-01-31 09967585 d:FreeholdInvestmentProperty 2022-01-31 09967585 d:FreeholdInvestmentProperty 2 2022-02-01 2023-01-31 09967585 d:CurrentFinancialInstruments 2023-01-31 09967585 d:CurrentFinancialInstruments 2022-01-31 09967585 d:Non-currentFinancialInstruments 2023-01-31 09967585 d:Non-currentFinancialInstruments 2022-01-31 09967585 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09967585 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09967585 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 09967585 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 09967585 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 09967585 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 09967585 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 09967585 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-01-31 09967585 d:ShareCapital 2023-01-31 09967585 d:ShareCapital 2022-01-31 09967585 d:RevaluationReserve 2023-01-31 09967585 d:RevaluationReserve 2022-01-31 09967585 d:RetainedEarningsAccumulatedLosses 2023-01-31 09967585 d:RetainedEarningsAccumulatedLosses 2022-01-31 09967585 c:FRS102 2022-02-01 2023-01-31 09967585 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 09967585 c:FullAccounts 2022-02-01 2023-01-31 09967585 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 09967585









OFF QUAY LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
OFF QUAY LIMITED
REGISTERED NUMBER: 09967585

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
420,000
400,000

  
420,000
400,000

Current assets
  

Debtors: amounts falling due within one year
 5 
332
2,172

Cash at bank and in hand
 6 
20
39

  
352
2,211

Creditors: amounts falling due within one year
 7 
(59,815)
(64,296)

Net current liabilities
  
 
 
(59,463)
 
 
(62,085)

Total assets less current liabilities
  
360,537
337,915

Creditors: amounts falling due after more than one year
 8 
(186,879)
(187,984)

Provisions for liabilities
  

Deferred tax
  
(31,970)
(28,170)

  
 
 
(31,970)
 
 
(28,170)

Net assets
  
141,688
121,761


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
136,291
120,091

Profit and loss account
  
5,297
1,570

  
141,688
121,761


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.
 
Page 1

 
OFF QUAY LIMITED
REGISTERED NUMBER: 09967585
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023


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 25 October 2023.




O. O Keyede
Director

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

Page 2

 
OFF QUAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Off Quay Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

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. Turnover represents net rents receivable.

 
2.3

Borrowing costs

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

  
2.4

Investment property

Investment property is carried at fair value determined by the directors. Investment property is not depreciated. Changes in fair value are recognised in the Statement of comprehensive income.

  
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

  
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
OFF QUAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at fair value.

  
2.9

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 loans from or to related parties.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 4

 
OFF QUAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

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


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
400,000


Surplus on revaluation
20,000



At 31 January 2023
420,000

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




5.


Debtors

2023
2022
£
£


Trade debtors
-
450

Other debtors
-
1,722

Prepayments
332
-

332
2,172



6.


Cash

2023
2022
£
£

Cash at bank
20
39

20
39


Page 5

 
OFF QUAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,975
1,869

The Mortgage Works
4,039
4,039

Trade creditors
827
1,130

Corporation tax
876
396

Directors loan account
49,598
55,332

Accruals
1,500
1,530

59,815
64,296



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
82,912
84,017

The Mortgage Works
103,967
103,967

186,879
187,984


Page 6

 
OFF QUAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,975
1,869

Other loans
4,039
4,039


7,014
5,908


Amounts falling due 2-5 years

Bank loans
12,304
7,474

Other loans
16,157
16,157


28,461
23,631

Amounts falling due after more than 5 years

Bank loans
70,608
76,543

Other loans
87,811
87,810

158,419
164,353

193,894
193,892


 
Page 7