Caseware UK (AP4) 2022.0.179 2022.0.179 2024-03-312024-03-312023-04-01falseManagement of real estate on a fee or contract basis66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12291037 2023-04-01 2024-03-31 12291037 2022-04-01 2023-03-31 12291037 2024-03-31 12291037 2023-03-31 12291037 2022-04-01 12291037 c:Director5 2023-04-01 2024-03-31 12291037 d:CurrentFinancialInstruments 2024-03-31 12291037 d:CurrentFinancialInstruments 2023-03-31 12291037 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12291037 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12291037 d:ShareCapital 2024-03-31 12291037 d:ShareCapital 2023-03-31 12291037 d:ShareCapital 2022-04-01 12291037 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12291037 d:RetainedEarningsAccumulatedLosses 2024-03-31 12291037 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12291037 d:RetainedEarningsAccumulatedLosses 2023-03-31 12291037 d:RetainedEarningsAccumulatedLosses 2022-04-01 12291037 c:FRS102 2023-04-01 2024-03-31 12291037 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12291037 c:FullAccounts 2023-04-01 2024-03-31 12291037 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12291037 2 2023-04-01 2024-03-31 12291037 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12291037










AUBREY PLACE (BTR) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AUBREY PLACE (BTR) LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 8


 
AUBREY PLACE (BTR) LIMITED
REGISTERED NUMBER: 12291037

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,380
723,891

Cash at bank and in hand
 5 
100,086
233,692

  
103,466
957,583

Creditors: amounts falling due within one year
 6 
(3,500)
(742,281)

Net current assets
  
 
 
99,966
 
 
215,302

Total assets less current liabilities
  
99,966
215,302

  

Net assets
  
99,966
215,302


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 7 
99,866
215,202

Shareholders' funds
  
99,966
215,302


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 on 10 April 2024.



................................................
A D W Price
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 1

 
AUBREY PLACE (BTR) LIMITED
REGISTERED NUMBER: 12291037
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
AUBREY PLACE (BTR) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
215,202
215,302


Comprehensive income for the year

Loss for the year
-
(115,336)
(115,336)


At 31 March 2024
100
99,866
99,966



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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
7,428,937
7,429,037


Comprehensive income for the year

Profit for the year
-
45,299
45,299


Contributions by and distributions to owners

Dividends: Equity capital
-
(7,259,034)
(7,259,034)


At 31 March 2023
100
215,202
215,302


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

Page 3

 
AUBREY PLACE (BTR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Aubrey Place (BTR) Limited is a private company limited by shares and incorporated in England and Wales (12291037). The registered office address is Third Floor Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

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 financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a basis other than that of going concern basis as directors intend to dissolve the Company within 12 months from the date of issuance of these financial statements. This basis includes, where applicable, writing the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future cost of terminating the business unless such costs were committed at the reporting date. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Interest income

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

Page 4

 
AUBREY PLACE (BTR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 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.

 
2.7

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

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.
 
Page 5

 
AUBREY PLACE (BTR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


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 within 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.

Derecognition of financial instruments

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.

Page 6

 
AUBREY PLACE (BTR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.11

Construction contracts

When the outcome of a contract can be measured reliably, the entity will recognise both income and costs by reference to the percentage of completion of the contract. This is normally measured by the proportion of the contract costs incurred for work performed to date compared to the estimated contract costs, except, where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably, and its receipt is considered probable.
If the outcome cannot be reliably measured, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.
When it is probable that a loss will occur on a contract, this is recognised in full immediately as an onerous contract provision.

 
2.12

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 6 (2023 - 6).

Page 7

 
AUBREY PLACE (BTR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
-
723,791

Other debtors
3,280
-

Called up share capital not paid
100
100

3,380
723,891



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
100,086
233,692



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
723,791

Corporation tax
-
13,354

Other creditors
-
136

Accruals and deferred income
3,500
5,000

3,500
742,281



7.


Reserves

Profit and loss account

The profit and loss account contains retained profits which are considered to be distributable.


8.


Controlling party

There is no ultimate controlling party.

 
Page 8