Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-313true2022-08-01falseThe principal activity of the company continued to be that of property development.3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11926203 2022-08-01 2023-07-31 11926203 2021-08-01 2022-07-31 11926203 2023-07-31 11926203 2022-07-31 11926203 c:Director1 2022-08-01 2023-07-31 11926203 c:Director2 2022-08-01 2023-07-31 11926203 c:Director3 2022-08-01 2023-07-31 11926203 c:RegisteredOffice 2022-08-01 2023-07-31 11926203 d:CurrentFinancialInstruments 2023-07-31 11926203 d:CurrentFinancialInstruments 2022-07-31 11926203 d:Non-currentFinancialInstruments 2023-07-31 11926203 d:Non-currentFinancialInstruments 2022-07-31 11926203 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 11926203 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 11926203 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 11926203 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 11926203 d:ShareCapital 2023-07-31 11926203 d:ShareCapital 2022-07-31 11926203 d:RetainedEarningsAccumulatedLosses 2023-07-31 11926203 d:RetainedEarningsAccumulatedLosses 2022-07-31 11926203 c:FRS102 2022-08-01 2023-07-31 11926203 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11926203 c:FullAccounts 2022-08-01 2023-07-31 11926203 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11926203 6 2022-08-01 2023-07-31 11926203 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 11926203














HORNSEY ROAD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2023

 
HORNSEY ROAD LIMITED
 
 
COMPANY INFORMATION


Directors
B C Woolman 
D A Woolman 
I Shiraishi-Ferreira 




Registered number
11926203



Registered office
Third Floor Winston House
2 Dollis Park

London

United Kingdom

N3 1HG




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
HORNSEY ROAD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
HORNSEY ROAD LIMITED
REGISTERED NUMBER:11926203

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
-
3

  
-
3

Current assets
  

Stocks
  
1,969,469
1,911,052

Debtors: amounts falling due within one year
 5 
6,224
35,929

Cash at bank and in hand
  
12,914
6,562

  
1,988,607
1,953,543

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,931,544)
(1,276,453)

Net current assets
  
 
 
57,063
 
 
677,090

Total assets less current liabilities
  
57,063
677,093

Creditors: amounts falling due after more than one year
 7 
-
(605,000)

  

Net assets
  
57,063
72,093


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
57,060
72,090

  
57,063
72,093


Page 1

 
HORNSEY ROAD LIMITED
REGISTERED NUMBER:11926203
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

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 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: 




D A Woolman
Director

Date: 21 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HORNSEY ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Hornsey Road Limited is a private company limited by shares incorporated in England and Wales. The registered office is Third Floor Winston House, 2 Dollis Park, London, England, N3 1HG.
The principal activity of the company continued to be that of property development.
The company's functional and presentational currency is £ Sterling.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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 reporting 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

Stocks

Stock comprises of properties and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that havce been incurred in bringing the stock to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
HORNSEY ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

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 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.

Page 4

 
HORNSEY ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 August 2022
3



At 31 July 2023

3



Impairment


Charge for the period
3



At 31 July 2023

3



Net book value



At 31 July 2023
-



At 31 July 2022
3


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
32,910

Other debtors
6,224
3,019

6,224
35,929


Page 5

 
HORNSEY ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
605,000
-

Trade creditors
11,419
2,557

Amounts owed to related parties
1,027,302
997,302

Corporation tax
-
3,594

Other creditors
284,360
269,536

Accruals and deferred income
3,463
3,464

1,931,544
1,276,453


The loan is secured by a fixed floating charge over the asset of the company.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
605,000

-
605,000



8.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly subsidiaries within the group.
Amounts owed to related parties represent amounts owed to entities where directors have material interest or execute significant control.  These amounts are unsecured, interest free and repayable on demand.

 
Page 6