Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-311false2022-04-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06532492 2022-04-01 2023-03-31 06532492 2021-04-01 2022-03-31 06532492 2023-03-31 06532492 2022-03-31 06532492 c:Director1 2022-04-01 2023-03-31 06532492 c:Director2 2022-04-01 2023-03-31 06532492 c:RegisteredOffice 2022-04-01 2023-03-31 06532492 c:Agent1 2022-04-01 2023-03-31 06532492 d:Buildings 2023-03-31 06532492 d:Buildings 2022-03-31 06532492 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06532492 d:OfficeEquipment 2022-04-01 2023-03-31 06532492 d:OfficeEquipment 2023-03-31 06532492 d:OfficeEquipment 2022-03-31 06532492 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06532492 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06532492 d:CurrentFinancialInstruments 2023-03-31 06532492 d:CurrentFinancialInstruments 2022-03-31 06532492 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06532492 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06532492 d:ShareCapital 2023-03-31 06532492 d:ShareCapital 2022-03-31 06532492 d:RetainedEarningsAccumulatedLosses 2023-03-31 06532492 d:RetainedEarningsAccumulatedLosses 2022-03-31 06532492 c:FRS102 2022-04-01 2023-03-31 06532492 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06532492 c:FullAccounts 2022-04-01 2023-03-31 06532492 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06532492 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06532492







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


KATANA PROPERTY LIMITED






































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KATANA PROPERTY LIMITED
 


 
COMPANY INFORMATION


Directors
A S B Dyball 
C E Dyball 




Registered number
06532492



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Trading Address
Suite 2
Riverside Centre

42-46 High Street

Kingston upon Thames

Surrey

KT1 1HL






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Bankers
National Westminster Bank Plc
Berkeley Square House

Berkeley Square

London

W1J 6BR





 


KATANA PROPERTY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 6


 


KATANA PROPERTY LIMITED
REGISTERED NUMBER:06532492



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,496,932
10,497,714

Investments
 5 
29
129

  
10,496,961
10,497,843

Current assets
  

Debtors: amounts falling due within one year
 6 
263,364
306,705

Cash at bank and in hand
  
477,483
538,443

  
740,847
845,148

Creditors: amounts falling due within one year
 7 
(5,382,685)
(5,898,793)

Net current liabilities
  
 
 
(4,641,838)
 
 
(5,053,645)

Total assets less current liabilities
  
5,855,123
5,444,198

  

Net assets
  
5,855,123
5,444,198


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
5,854,123
5,443,198

  
5,855,123
5,444,198


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 income and retained earnings 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: 


A S B Dyball
Director
Date: 21 November 2023

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


KATANA PROPERTY LIMITED
 


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

1.


General information

Katana Property Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address are provided in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and 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

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

  
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover comprises the sale of properties from trading stock and rental income. The sale and purchase of such property is recognised on the date of completion.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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 corporation 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.

Page 2

 


KATANA PROPERTY LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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:

Office equipment
-
20% on cost

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors 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 Income and Retained Earnings.

 
2.8

Valuation of investments

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

Page 3

 


KATANA PROPERTY LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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).

Page 4

 


KATANA PROPERTY LIMITED
 


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

4.


Tangible fixed assets





Investment Properties
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
10,495,000
6,065
10,501,065



At 31 March 2023

10,495,000
6,065
10,501,065



Depreciation


At 1 April 2022
-
3,351
3,351


Charge for the year on owned assets
-
782
782



At 31 March 2023

-
4,133
4,133



Net book value



At 31 March 2023
10,495,000
1,932
10,496,932



At 31 March 2022
10,495,000
2,714
10,497,714

The investment properties were revalued by the directors on 31 March 2022 to their open market values. In forming his opinion the director has considered his own knowledge and experience of the market.


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associate companies
Total

£
£
£



Cost or valuation


At 1 April 2022
109
20
129


Disposals
(100)
-
(100)



At 31 March 2023
9
20
29




Page 5

 


KATANA PROPERTY LIMITED
 


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

6.


Debtors

2023
2022
£
£


Trade debtors
109,537
189,314

Other debtors
147,063
110,911

Prepayments and accrued income
6,764
6,480

263,364
306,705



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,849
11,897

Amounts owed to group undertakings
39
39

Corporation tax
89,605
144,993

Other taxation and social security
42,275
38,587

Other creditors
5,024,791
5,484,699

Accruals and deferred income
214,126
218,578

5,382,685
5,898,793



8.


Related party transactions

As at 31 March 2023, the company owed A S B Dyball, a director of the company, £4,772,000 (2022: £5,220,034). Interest of £238,000 was charged on this loan.

 
Page 6