Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false2022-05-01Other letting and operating of own or leased real estate22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13367022 2022-05-01 2023-04-30 13367022 2021-04-29 2022-04-30 13367022 2023-04-30 13367022 2022-04-30 13367022 c:Director1 2022-05-01 2023-04-30 13367022 d:FreeholdInvestmentProperty 2022-05-01 2023-04-30 13367022 d:FreeholdInvestmentProperty 2023-04-30 13367022 d:FreeholdInvestmentProperty 2022-04-30 13367022 d:CurrentFinancialInstruments 2023-04-30 13367022 d:CurrentFinancialInstruments 2022-04-30 13367022 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13367022 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13367022 d:ShareCapital 2023-04-30 13367022 d:ShareCapital 2022-04-30 13367022 d:RetainedEarningsAccumulatedLosses 2023-04-30 13367022 d:RetainedEarningsAccumulatedLosses 2022-04-30 13367022 c:OrdinaryShareClass1 2022-05-01 2023-04-30 13367022 c:OrdinaryShareClass1 2023-04-30 13367022 c:OrdinaryShareClass1 2022-04-30 13367022 c:FRS102 2022-05-01 2023-04-30 13367022 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13367022 c:FullAccounts 2022-05-01 2023-04-30 13367022 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13367022









SQUIDMOLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
SQUIDMOLE LIMITED
REGISTERED NUMBER: 13367022

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,457,100
962,000

  
1,457,100
962,000

Current assets
  

Debtors: amounts falling due within one year
 5 
2,340
3,080

Cash at bank and in hand
 6 
10,657
5,723

  
12,997
8,803

Creditors: amounts falling due within one year
 7 
(1,511,505)
(1,001,525)

Net current liabilities
  
 
 
(1,498,508)
 
 
(992,722)

Total assets less current liabilities
  
(41,408)
(30,722)

  

Net liabilities
  
(41,408)
(30,722)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(41,508)
(30,822)

  
(41,408)
(30,722)


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 on 18 October 2023.



Page 1

 
SQUIDMOLE LIMITED
REGISTERED NUMBER: 13367022
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023


D J Smith
Director

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

Page 2

 
SQUIDMOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Squidmole Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House Claire Causeway, Crossways Business Park, Dartford, United Kingdom, DA2 6QA.
The principal activity of the company during the year has been that of rental property.

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

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.

 
2.4

Borrowing costs

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

 
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 profit or loss.

Page 3

 
SQUIDMOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 other third parties, loans to related parties and investments in ordinary shares.


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 May 2022
962,000


Additions at cost
495,100



At 30 April 2023
1,457,100

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





5.


Debtors

Page 4

 
SQUIDMOLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
2023
2022
£
£


Other debtors
2,240
2,980

Called up share capital not paid
100
100

2,340
3,080



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,657
5,723

10,657
5,723



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
920,005
593,775

Other creditors
588,000
406,000

Accruals and deferred income
3,500
1,750

1,511,505
1,001,525



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



9.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings.

 
Page 5