Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseproperty rental company11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09244345 2022-04-01 2023-03-31 09244345 2021-04-01 2022-03-31 09244345 2023-03-31 09244345 2022-03-31 09244345 c:Director1 2022-04-01 2023-03-31 09244345 d:MotorVehicles 2022-04-01 2023-03-31 09244345 d:MotorVehicles 2023-03-31 09244345 d:MotorVehicles 2022-03-31 09244345 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09244345 d:FurnitureFittings 2022-04-01 2023-03-31 09244345 d:FurnitureFittings 2023-03-31 09244345 d:FurnitureFittings 2022-03-31 09244345 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09244345 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09244345 d:LeaseholdInvestmentProperty 2023-03-31 09244345 d:LeaseholdInvestmentProperty 2022-03-31 09244345 d:CurrentFinancialInstruments 2023-03-31 09244345 d:CurrentFinancialInstruments 2022-03-31 09244345 d:Non-currentFinancialInstruments 2023-03-31 09244345 d:Non-currentFinancialInstruments 2022-03-31 09244345 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09244345 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09244345 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09244345 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09244345 d:ShareCapital 2023-03-31 09244345 d:ShareCapital 2022-03-31 09244345 d:RetainedEarningsAccumulatedLosses 2023-03-31 09244345 d:RetainedEarningsAccumulatedLosses 2022-03-31 09244345 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09244345 c:OrdinaryShareClass1 2023-03-31 09244345 c:OrdinaryShareClass1 2022-03-31 09244345 c:FRS102 2022-04-01 2023-03-31 09244345 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09244345 c:FullAccounts 2022-04-01 2023-03-31 09244345 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09244345 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09244345 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09244345 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09244345














SW13 PROPERTIES LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
SW13 PROPERTIES LTD
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 
SW13 PROPERTIES LTD
REGISTERED NUMBER:09244345

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,430
58,839

Investment property
 5 
1,002,866
1,002,866

  
1,045,296
1,061,705

Current assets
  

Debtors: amounts falling due within one year
 6 
15,558
7,045

Cash at bank and in hand
  
34,886
4,330

  
50,444
11,375

Creditors: amounts falling due within one year
 7 
(16,380)
(5,191)

Net current assets
  
 
 
34,064
 
 
6,184

Total assets less current liabilities
  
1,079,360
1,067,889

Creditors: amounts falling due after more than one year
 8 
(1,034,533)
(1,033,633)

  
44,827
34,256

Provisions for liabilities
  

Deferred tax
 9 
(8,062)
(11,179)

Net assets
  
36,765
23,077


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
36,764
23,076

  
36,765
23,077


Page 1

 
SW13 PROPERTIES LTD
REGISTERED NUMBER:09244345
    
STATEMENT OF FINANCIAL POSITION (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 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 by: 




C Dalah
Director

Date: 25 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SW13 PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

SW13 Properties Ltd is a company limited by shares registered in England and Wales. Its registered office is at 9 Blomfield Road, London, W9 1AH.

The principal activity of the company during the period was that of a property rental and consultancy.

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

Rental income is recognised in respect of rent of the property occupied during the period, exclusive of VAT.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

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 provided on the following basis:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director 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 Comprehensive Income. 

 
2.7

Debtors

Short term debtors are measured at transation price, less any impairment.

Page 3

 
SW13 PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

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 reporting 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 reporting 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 reporting date.

 
2.11

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 reporting 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.


3.


Employees

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

Page 4

 
SW13 PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
58,190
7,438
65,628



At 31 March 2023

58,190
7,438
65,628



Depreciation


At 1 April 2022
1,212
5,577
6,789


Charge for the year on owned assets
14,548
1,861
16,409



At 31 March 2023

15,760
7,438
23,198



Net book value



At 31 March 2023
42,430
-
42,430



At 31 March 2022
56,978
1,861
58,839


5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
1,002,866



At 31 March 2023
1,002,866

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






Page 5

 
SW13 PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
2,246
4,457

Prepayments and accrued income
13,312
2,588

15,558
7,045



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Taxation and social security
166
6

Other creditors
5,346
-

Accruals and deferred income
10,868
5,185

16,380
5,191



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Director's loan account
1,034,533
1,033,633



9.


Deferred taxation




2023


£






At beginning of year
(11,179)


Charged to profit or loss
3,117



At end of year
(8,062)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(8,062)
(11,179)

Page 6

 
SW13 PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1


 
Page 7