Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31022022-09-02falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14332517 2022-09-01 14332517 2022-09-02 2023-08-31 14332517 2021-09-01 2022-09-01 14332517 2023-08-31 14332517 c:Director1 2022-09-02 2023-08-31 14332517 d:CurrentFinancialInstruments 2023-08-31 14332517 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14332517 d:ShareCapital 2022-09-02 2023-08-31 14332517 d:ShareCapital 2023-08-31 14332517 d:RetainedEarningsAccumulatedLosses 2022-09-02 2023-08-31 14332517 d:RetainedEarningsAccumulatedLosses 2023-08-31 14332517 c:OrdinaryShareClass1 2022-09-02 2023-08-31 14332517 c:OrdinaryShareClass1 2023-08-31 14332517 c:FRS102 2022-09-02 2023-08-31 14332517 c:AuditExempt-NoAccountantsReport 2022-09-02 2023-08-31 14332517 c:FullAccounts 2022-09-02 2023-08-31 14332517 c:PrivateLimitedCompanyLtd 2022-09-02 2023-08-31 14332517 2 2022-09-02 2023-08-31 14332517 6 2022-09-02 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14332517










COVENT GARDEN ESTATES HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
REGISTERED NUMBER: 14332517

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
Note
£

Fixed assets
  

Investments
 4 
99,901

  
99,901

Current assets
  

Debtors: amounts falling due within one year
  
1,423,540

  
1,423,540

Creditors: amounts falling due within one year
 6 
(1,365,827)

Net current assets
  
 
 
57,713

Net assets
  
157,614


Capital and reserves
  

Called up share capital 
  
99,900

Profit and loss account
  
57,714

  
157,614


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 period 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 profit and loss account 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: 




P J M Williams
Director
Date: 4 April 2024

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

Page 1

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
57,714
57,714

Shares issued during the period
99,900
-
99,900


Total transactions with owners
99,900
-
99,900


At 31 August 2023
99,900
57,714
157,614

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

Page 2

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

Covent Garden Estates Holdings Limited is a private company, limited by shares, and was incorporated in England and Wales. The address of its registered office is 26-28 Neal Street, London, WC2H 9QQ. 
The financial statements are presented in sterling which is the functional currency of the company.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

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

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

Page 3

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet 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.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 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.

Page 4

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 5

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
99,901



At 31 August 2023
99,901





5.


Debtors

2023
£


Amounts owed by group undertakings
1,349,999

Prepayments and accrued income
73,541

1,423,540



6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
950,000

Corporation tax
15,827

Other creditors
400,000

1,365,827



7.


Share capital

2023
£
Allotted, called up and fully paid


99,900 Ordinary shares of £1.00 each
99,900


The company was incorporated with 1 Ordinary Share of £1 issued at par for £1.
On 9 February 2023 the company issued 99,899 Ordinary shares at a par value of £99,899.  The shares were issued, along with the initial subscriber share, to acquire a 100% shareholding of Covent Garden Estates Limited, the company's now subsidiary undertaking.

Page 6

 
COVENT GARDEN ESTATES HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

8.


Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.


Page 7