Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-11-30false1true 13772921 2021-11-29 13772921 2021-11-30 2022-11-30 13772921 2020-11-30 2021-11-29 13772921 2022-11-30 13772921 c:Director1 2021-11-30 2022-11-30 13772921 d:FreeholdInvestmentProperty 2021-11-30 2022-11-30 13772921 d:FreeholdInvestmentProperty 2022-11-30 13772921 d:CurrentFinancialInstruments 2022-11-30 13772921 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13772921 d:ShareCapital 2022-11-30 13772921 d:RetainedEarningsAccumulatedLosses 2022-11-30 13772921 c:OrdinaryShareClass1 2021-11-30 2022-11-30 13772921 c:OrdinaryShareClass1 2022-11-30 13772921 c:FRS102 2021-11-30 2022-11-30 13772921 c:AuditExempt-NoAccountantsReport 2021-11-30 2022-11-30 13772921 c:FullAccounts 2021-11-30 2022-11-30 13772921 c:PrivateLimitedCompanyLtd 2021-11-30 2022-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13772921









FIRST MILE END LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
FIRST MILE END LTD
REGISTERED NUMBER: 13772921

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
Note
£

Fixed assets
  

Investment property
 4 
5,239,500

  
5,239,500

Current assets
  

Debtors: amounts falling due within one year
  
8,729

Cash at bank and in hand
 6 
8,990

  
17,719

Creditors: amounts falling due within one year
 7 
(5,271,319)

Net current (liabilities)/assets
  
 
 
(5,253,600)

Total assets less current liabilities
  
(14,100)

  

Net (liabilities)/assets
  
(14,100)


Capital and reserves
  

Called up share capital 
  
10

Profit and loss account
  
(14,110)

  
(14,100)


Page 1

 
FIRST MILE END LTD
REGISTERED NUMBER: 13772921
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

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 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 5 October 2023.




A. Shamash
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

First Mile End Limited by shares, incorporated in Cayman Islands (registered number: 384908) The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The financial statements are presented in GBP, 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

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.4

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

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 1.

Page 4

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
5,239,500



At 30 November 2022
5,239,500

The 2022 valuation was made by the directorm on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
£


Historic cost
5,353,201

5,353,201


5.


Debtors

2022
£


Prepayments and accrued income
8,729

8,729



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
8,991

8,991


Page 5

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
£

Corporation tax
4,900

Other creditors
5,246,752

Accruals and deferred income
19,667

5,271,319



8.


Share capital

2022
£
Allotted, called up and fully paid


10 Ordinary shares of £1.00 each
10


Upon incorporation 10 Ordinary £1 share were issued at par.

 
Page 6