Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28No description of principal activityfalse2022-03-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07962285 2022-03-01 2023-02-28 07962285 2021-03-01 2022-02-28 07962285 2023-02-28 07962285 2022-02-28 07962285 c:Director1 2022-03-01 2023-02-28 07962285 c:Director2 2022-03-01 2023-02-28 07962285 c:RegisteredOffice 2022-03-01 2023-02-28 07962285 c:Agent1 2022-03-01 2023-02-28 07962285 d:FreeholdInvestmentProperty 2023-02-28 07962285 d:FreeholdInvestmentProperty 2022-02-28 07962285 d:CurrentFinancialInstruments 2023-02-28 07962285 d:CurrentFinancialInstruments 2022-02-28 07962285 d:Non-currentFinancialInstruments 2023-02-28 07962285 d:Non-currentFinancialInstruments 2022-02-28 07962285 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07962285 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07962285 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07962285 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 07962285 d:ShareCapital 2023-02-28 07962285 d:ShareCapital 2022-02-28 07962285 d:RetainedEarningsAccumulatedLosses 2023-02-28 07962285 d:RetainedEarningsAccumulatedLosses 2022-02-28 07962285 c:FRS102 2022-03-01 2023-02-28 07962285 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07962285 c:FullAccounts 2022-03-01 2023-02-28 07962285 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07962285 8 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Company registration number: 07962285







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


KATANA RESIDENTIAL LIMITED






































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KATANA RESIDENTIAL LIMITED
 


 
COMPANY INFORMATION


Directors
A S B Dyball 
C E Dyball 




Registered number
07962285



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
Lloyds Bank plc
21-22 High Street

Uxbridge

Middlesex

UB8 1JD





 


KATANA RESIDENTIAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 


KATANA RESIDENTIAL LIMITED
REGISTERED NUMBER:07962285



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
4,525,000
4,525,000

  
4,525,000
4,525,000

Current assets
  

Debtors: amounts falling due within one year
 5 
6,259
2,094

Cash at bank and in hand
  
52,144
106,845

  
58,403
108,939

Creditors: amounts falling due within one year
 7 
(3,135,209)
(2,328,826)

Net current liabilities
  
 
 
(3,076,806)
 
 
(2,219,887)

Total assets less current liabilities
  
1,448,194
2,305,113

Creditors: amounts falling due after more than one year
 8 
(780,088)
(1,635,482)

  

Net assets
  
668,106
669,631


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
668,006
669,531

  
668,106
669,631


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 5 form part of these financial statements.

Page 1

 


KATANA RESIDENTIAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Katana Residential 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 £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

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

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.
The turnover shown in the Profit and Loss Account represents amounts receivable for rent during the year in the normal course of business.

 
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 reporting 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 its 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.

Page 2

 


KATANA RESIDENTIAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.6

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 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
4,525,000



At 28 February 2023
4,525,000

The directors do not consider that the investment properties have changed in value since 29 February 2021. In forming their opinion the directors have considered their own knowledge and experience of the market. 




Page 3

 


KATANA RESIDENTIAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
252
949

Other debtors
4,899
175

Prepayments and accrued income
1,108
970

6,259
2,094



6.


Current asset investments





7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
554,779
37,618

Trade creditors
-
855

Corporation tax
-
7,928

Other creditors
2,566,088
2,266,088

Accruals and deferred income
14,342
16,337

3,135,209
2,328,826


The bank loans are secured by way of a legal charge on the company's investment properties and a £200,000 personal guarantee from A S B Dyball, a director of the company.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
280,088
1,135,482

Other creditors
500,000
500,000

780,088
1,635,482


The bank loans are secured by way of a legal charge on the company's investment properties and a £200,000 personal guarantee from A S B Dyball, a director of the company.
The other creditor is secured on one of the company's investment properties.
Included within creditors falling due after more than one year is an amount of £216,187 (2022: £233,485) in respect
of liabilities which fall due for payment after more than five years from the balance sheet date.

Page 4

 


KATANA RESIDENTIAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Related party transactions

As at 28 February 2023, the company owed A S B Dyball and C E Dyball, directors of the company, £2,557,167 (2022: £2,257,167). The loan is interest free.

 
Page 5