Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Personal service company2truetrue 10986624 2022-04-01 2023-03-31 10986624 2021-04-01 2022-03-31 10986624 2023-03-31 10986624 2022-03-31 10986624 c:Director1 2022-04-01 2023-03-31 10986624 d:FreeholdInvestmentProperty 2023-03-31 10986624 d:FreeholdInvestmentProperty 2022-03-31 10986624 d:CurrentFinancialInstruments 2023-03-31 10986624 d:CurrentFinancialInstruments 2022-03-31 10986624 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10986624 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10986624 d:ShareCapital 2023-03-31 10986624 d:ShareCapital 2022-03-31 10986624 d:SharePremium 2023-03-31 10986624 d:SharePremium 2022-03-31 10986624 d:RetainedEarningsAccumulatedLosses 2023-03-31 10986624 d:RetainedEarningsAccumulatedLosses 2022-03-31 10986624 c:FRS102 2022-04-01 2023-03-31 10986624 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10986624 c:FullAccounts 2022-04-01 2023-03-31 10986624 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10986624 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10986624










INVEST 4 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
INVEST 4 LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
INVEST 4 LIMITED
REGISTERED NUMBER: 10986624

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,066,246
2,066,246

Investment property
 5 
763,603
763,603

  
2,829,849
2,829,849

Current assets
  

Debtors: amounts falling due within one year
 6 
808,542
850,542

Cash at bank and in hand
  
96,506
105,620

  
905,048
956,162

Creditors: amounts falling due within one year
 7 
(1,115,923)
(1,267,605)

Net current liabilities
  
 
 
(210,875)
 
 
(311,443)

  

Net assets
  
2,618,974
2,518,406


Capital and reserves
  

Called up share capital 
  
1,370
1,370

Share premium account
  
2,064,876
2,064,876

Profit and loss account
  
552,728
452,160

  
2,618,974
2,518,406


Page 1

 
INVEST 4 LIMITED
REGISTERED NUMBER: 10986624
    
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 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 by: 




................................................
D Ashfield
Director

Date: 13 October 2023

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

Page 2

 
INVEST 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Invest 4 Limited is a private limited company, limited by shares, domicilied in England and Wales, registration number 10986624. The registered office is 6 Uxbridge Road, Melton Road, Leicester, Leicestershire, England, LE4 7ST.
Principal activity
The principal activity of the Company during the year was that of a holding company and a property investment 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 Company's functional and presentational currency is British Pound Sterling (£).

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

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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

 
INVEST 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in the Statement of Comprehensive Income 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 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.

 
2.5

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 the Statement of Comprehensive Income.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
INVEST 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.11

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 5

 
INVEST 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
2,066,246



At 31 March 2023
2,066,246





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
763,603



At 31 March 2023
763,603

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






6.


Debtors

2023
2022
£
£


Other debtors
808,542
850,542

808,542
850,542


Page 6

 
INVEST 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,822
10,314

Other creditors
1,110,101
1,257,291

1,115,923
1,267,605


 
Page 7