Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12421570 2022-02-01 2023-01-31 12421570 2021-02-01 2022-01-31 12421570 2023-01-31 12421570 2022-01-31 12421570 c:Director1 2022-02-01 2023-01-31 12421570 c:RegisteredOffice 2022-02-01 2023-01-31 12421570 d:FurnitureFittings 2022-02-01 2023-01-31 12421570 d:FurnitureFittings 2023-01-31 12421570 d:FurnitureFittings 2022-01-31 12421570 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 12421570 d:LeaseholdInvestmentProperty 2023-01-31 12421570 d:LeaseholdInvestmentProperty 2022-01-31 12421570 d:CurrentFinancialInstruments 2023-01-31 12421570 d:CurrentFinancialInstruments 2022-01-31 12421570 d:Non-currentFinancialInstruments 2023-01-31 12421570 d:Non-currentFinancialInstruments 2022-01-31 12421570 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12421570 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 12421570 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12421570 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 12421570 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 12421570 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 12421570 d:ShareCapital 2023-01-31 12421570 d:ShareCapital 2022-01-31 12421570 d:RetainedEarningsAccumulatedLosses 2023-01-31 12421570 d:RetainedEarningsAccumulatedLosses 2022-01-31 12421570 c:OrdinaryShareClass1 2022-02-01 2023-01-31 12421570 c:OrdinaryShareClass1 2023-01-31 12421570 c:OrdinaryShareClass1 2022-01-31 12421570 c:FRS102 2022-02-01 2023-01-31 12421570 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12421570 c:FullAccounts 2022-02-01 2023-01-31 12421570 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12421570 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 12421570












THJ INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

 

THJ INVESTMENTS LIMITED

CONTENTS



Page
Company Information
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 9


 

THJ INVESTMENTS LIMITED
 
COMPANY INFORMATION


Director
Mr M D H Nguyen 




Registered number
12421570



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:12421570
THJ INVESTMENTS LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,641
51,724

Investment property
 5 
8,419,704
8,419,704

  
8,456,345
8,471,428

Current assets
  

Debtors: amounts falling due within one year
 6 
20,521
18,822

Cash at bank and in hand
  
7,471
76,111

  
27,992
94,933

Creditors: amounts falling due within one year
 7 
(3,301,765)
(3,342,896)

Net current liabilities
  
 
 
(3,273,773)
 
 
(3,247,963)

Total assets less current liabilities
  
5,182,572
5,223,465

Creditors: amounts falling due after more than one year
 8 
(5,583,200)
(5,583,200)

  

Net liabilities
  
(400,628)
(359,735)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(400,728)
(359,835)

Total deficit
  
(400,628)
(359,735)


Page 2


 
REGISTERED NUMBER:12421570
THJ INVESTMENTS LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers 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 director acknowledges his 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 within Part 15 of the Companies Act 2006 and in accordance with Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

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 by: 



Mr M D H Nguyen
Director

Date: 1 November 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 

THJ INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

THJ Investments Limited is a private company limited by shares and registered in England and Wales. The company’s registered number is 12421570 and the company’s registered office is 16 Great Queen Street, London, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.

 
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:

Turnover/Revenue comprises rental income, service charges and other recoveries from tenants of the company’s investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

Page 4

 

THJ INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

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

Investment property

Investment property is carried at fair value determined annually by director 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.

 
2.9

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.


2.10

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Page 5

 

THJ INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)





Financial instruments (continued)

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

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

Impairment of financial assets
Financial assets 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 profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the 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.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 6

 

THJ INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 February 2022
75,417



At 31 January 2023

75,417



Depreciation


At 1 February 2022
23,693


Charge for the year
15,083



At 31 January 2023

38,776



Net book value



At 31 January 2023
36,641



At 31 January 2022
51,724

Page 7

 

THJ INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Investment property


Investment property

£



Valuation


At 1 February 2022
8,419,704



At 31 January 2023
8,419,704

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








6.


Debtors: Amounts falling due within one year

2023
2022
£
£


Other debtors
982
3,000

Prepayments
19,539
15,822

20,521
18,822



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,573
9,313

Other creditors
3,238,233
3,276,010

Accruals and deferred income
57,959
57,573

3,301,765
3,342,896



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
5,583,200
5,583,200


Amounts shown above in Bank loans are secured against the investment properties.

Page 8

 

THJ INVESTMENTS 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 2-5 years

Bank loans
5,583,200
5,583,200


5,583,200
5,583,200



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9