Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28No description of principal activity2022-03-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12457347 2022-03-01 2023-02-28 12457347 2021-03-01 2022-02-28 12457347 2023-02-28 12457347 2022-02-28 12457347 c:Director1 2022-03-01 2023-02-28 12457347 d:OfficeEquipment 2022-03-01 2023-02-28 12457347 d:OfficeEquipment 2023-02-28 12457347 d:OfficeEquipment 2022-02-28 12457347 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12457347 d:CurrentFinancialInstruments 2023-02-28 12457347 d:CurrentFinancialInstruments 2022-02-28 12457347 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12457347 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12457347 d:ShareCapital 2023-02-28 12457347 d:ShareCapital 2022-02-28 12457347 d:RetainedEarningsAccumulatedLosses 2023-02-28 12457347 d:RetainedEarningsAccumulatedLosses 2022-02-28 12457347 c:FRS102 2022-03-01 2023-02-28 12457347 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12457347 c:FullAccounts 2022-03-01 2023-02-28 12457347 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12457347 2 2022-03-01 2023-02-28 12457347 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 12457347









STRENGTH PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
STRENGTH PROPERTIES LIMITED
REGISTERED NUMBER: 12457347

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
£
£
£
£

Fixed assets
  

Tangible assets
 4 
790
-

Investments
  
5,000
-

  
5,790
-

Current assets
  

Debtors: amounts falling due within one year
 6 
198,704
-

Cash at bank and in hand
 7 
100,620
42,797

  
299,324
42,797

Creditors: amounts falling due within one year
 8 
(185,081)
(24,024)

Net current assets
  
 
 
114,243
 
 
18,773

Total assets less current liabilities
  
120,033
18,773

  

Net assets
  
120,033
18,773


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
120,032
18,772

  
120,033
18,773


Page 1

 
STRENGTH PROPERTIES LIMITED
REGISTERED NUMBER: 12457347
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 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 on 23 February 2024.




M Grossman
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STRENGTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Strength Properties Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is 5 Stirling Court Yard, Stirling Way, Borehamwood, England, WD6 2FX. The company registered number is 12457347. 

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

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.

 
2.4

Interest income

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

Page 3

 
STRENGTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 corporation 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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Reducing balance method

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.

Page 4

 
STRENGTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries 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.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

 
STRENGTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

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 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
988



At 28 February 2023

988



Depreciation


Charge for the year on owned assets
198



At 28 February 2023

198



Net book value



At 28 February 2023
790



At 28 February 2022
-

Page 6

 
STRENGTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


Additions
5,000



At 28 February 2023
5,000




Page 7

 
STRENGTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
6,475
-

Other debtors
192,229
-

198,704
-



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100,621
42,798

100,621
42,798



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
91,931
18,477

Other creditors
90,000
3,147

Accruals and deferred income
3,150
2,400

185,081
24,024


 
Page 8