Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-04-01falseProperty letting11true 12391048 2022-04-01 2023-03-31 12391048 2021-04-01 2022-03-31 12391048 2023-03-31 12391048 2022-03-31 12391048 2021-04-01 12391048 c:PriorPeriodIncreaseDecrease 2022-04-01 2023-03-31 12391048 d:Director1 2022-04-01 2023-03-31 12391048 c:LeaseholdInvestmentProperty 2023-03-31 12391048 c:LeaseholdInvestmentProperty 2022-03-31 12391048 c:LeaseholdInvestmentProperty 2 2022-04-01 2023-03-31 12391048 c:CurrentFinancialInstruments 2023-03-31 12391048 c:CurrentFinancialInstruments 2022-03-31 12391048 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 12391048 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 12391048 c:ShareCapital 2023-03-31 12391048 c:ShareCapital 2022-03-31 12391048 c:ShareCapital 2021-04-01 12391048 c:OtherMiscellaneousReserve 2023-03-31 12391048 c:OtherMiscellaneousReserve c:PriorPeriodIncreaseDecrease 2022-04-01 2023-03-31 12391048 c:OtherMiscellaneousReserve 2022-03-31 12391048 c:OtherMiscellaneousReserve 2021-04-01 12391048 c:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12391048 c:RetainedEarningsAccumulatedLosses 2023-03-31 12391048 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-04-01 2023-03-31 12391048 c:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 12391048 c:RetainedEarningsAccumulatedLosses 2022-03-31 12391048 c:RetainedEarningsAccumulatedLosses 2021-04-01 12391048 d:FRS102 2022-04-01 2023-03-31 12391048 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12391048 d:FullAccounts 2022-04-01 2023-03-31 12391048 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12391048 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12391048










ALIDA ENTERPRISES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ALIDA ENTERPRISES LIMITED
REGISTERED NUMBER: 12391048

BALANCE SHEET
AS AT 31 MARCH 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
450,000
499,359

  
450,000
499,359

Current assets
  

Debtors: amounts falling due within one year
 5 
16,188
4,156

Cash at bank and in hand
  
27,122
15,810

  
43,310
19,966

Creditors: amounts falling due within one year
 6 
(510,169)
(508,496)

Net current liabilities
  
 
 
(466,859)
 
 
(488,530)

Total assets less current liabilities
  
(16,859)
10,829

  

Net (liabilities)/assets
  
(16,859)
10,829


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(16,860)
10,828

  
(16,859)
10,829


Page 1

 
ALIDA ENTERPRISES LIMITED
REGISTERED NUMBER: 12391048
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 profit and loss account or the director's report 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: 




N Fateen
Director

Date: 21 November 2023

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
ALIDA ENTERPRISES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
1
-
3,347
3,348



Profit for the year
-
-
7,481
7,481



At 1 April 2022 (as previously stated)
1
637,981
10,828
648,810

Prior year adjustment - correction of error
-
(637,981)
-
(637,981)


At 1 April 2022 (as restated)
1
-
10,828
10,829



Loss for the year
-
-
(27,688)
(27,688)


At 31 March 2023
1
-
(16,860)
(16,859)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ALIDA ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Alida Enterprises Limited is a private company limited by shares and incorporated in England and Wales (12391048). The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Investment property

Investment property is carried at fair value determined annually 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 4

 
ALIDA ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, 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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

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 profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet 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 Balance sheet.

 
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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing
Page 5

 
ALIDA ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 6

 
ALIDA ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022 as restated
499,359


Surplus on revaluation
(49,359)



At 31 March 2023
450,000

The 2023 valuations were made by the directors, 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:

2023
2022
£
£


Historic cost
499,359
499,359


5.


Debtors

2023
2022
£
£


Other debtors
3,308
2,644

Prepayments and accrued income
540
1,512

Deferred taxation
12,340
-

16,188
4,156


Page 7

 
ALIDA ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,189
1,755

Other creditors
503,208
502,799

Accruals and deferred income
4,772
3,942

510,169
508,496



7.


Prior year adjustment

The investment property value was incorrectly included at £1,350,000 at 31 March 2022. The financial statements for the year ending 31 March 2022 have been restated to correct this error. The effect of the restatement on those financial statements is summarised below. There is no effect in 2023.

2022
        £
Decrease in gain on revaluation

(850,641)

Decrease in deferred tax charge

212,660

Decrease in profit for the year

(637,981)


2022
        £
Decrease in investment property

(850,641)

Decrease in deferred tax

212,660

Decrease in equity

(637,981)



8.


Related party transactions

Within other creditors due within one year are amounts owed to the director of £500,899                   (2022: £500,899). These amounts are non interest bearing and are repayable on demand.

 
Page 8