Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31The principal activity of the company is that of property development.truetrue122022-08-01true 06128709 2022-08-01 2023-07-31 06128709 2021-08-01 2022-07-31 06128709 2023-07-31 06128709 2022-07-31 06128709 c:Director2 2022-08-01 2023-07-31 06128709 d:FreeholdInvestmentProperty 2023-07-31 06128709 d:FreeholdInvestmentProperty 2022-07-31 06128709 d:CurrentFinancialInstruments 2023-07-31 06128709 d:CurrentFinancialInstruments 2022-07-31 06128709 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06128709 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06128709 d:ShareCapital 2023-07-31 06128709 d:ShareCapital 2022-07-31 06128709 d:RetainedEarningsAccumulatedLosses 2023-07-31 06128709 d:RetainedEarningsAccumulatedLosses 2022-07-31 06128709 c:OrdinaryShareClass1 2022-08-01 2023-07-31 06128709 c:OrdinaryShareClass1 2023-07-31 06128709 c:OrdinaryShareClass1 2022-07-31 06128709 c:OrdinaryShareClass2 2022-08-01 2023-07-31 06128709 c:OrdinaryShareClass2 2023-07-31 06128709 c:OrdinaryShareClass2 2022-07-31 06128709 c:EntityNoLongerTradingButTradedInPast 2022-08-01 2023-07-31 06128709 c:FRS102 2022-08-01 2023-07-31 06128709 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06128709 c:FullAccounts 2022-08-01 2023-07-31 06128709 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06128709 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06128709









PEDERSEN (THAMESIDE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
PEDERSEN (THAMESIDE) LIMITED
REGISTERED NUMBER: 06128709

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
6,454
6,454

  
6,454
6,454

Creditors: amounts falling due within one year
 6 
(3,503,900)
(3,507,832)

Net current liabilities
  
 
 
(3,497,446)
 
 
(3,501,378)

Total assets less current liabilities
  
(3,497,445)
(3,501,377)

  

Net liabilities
  
(3,497,445)
(3,501,377)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(3,498,445)
(3,502,377)

  
(3,497,445)
(3,501,377)


Page 1

 
PEDERSEN (THAMESIDE) LIMITED
REGISTERED NUMBER: 06128709
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 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 by: 




N J Gourgey
Director

Date: 23 April 2024

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

Page 2

 
PEDERSEN (THAMESIDE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The principal activity of the company is that of property development.
The company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is 35 Ballards Lane, London N3 1XW.
The presentational and functional currency of the company is GBP and the accounts have been rounded to the nearest one pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with 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

Going concern

The company has net liabilities of £3,497,445 (2022: £3,501,377). The company has not completed on the contract regarding its investment property, and in the opinion of the director the contract in respect of the investment property has no value as a result. There is obvious uncertainty as to the future of the company and it is not expected to trade going forward. The assets of the company are all stated at book value which is not materially different to break up value.

 
2.3

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 profit or loss.

Page 3

 
PEDERSEN (THAMESIDE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the
recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and 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.
 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 4

 
PEDERSEN (THAMESIDE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
1



At 31 July 2023
1







5.


Debtors

2023
2022
£
£


Other debtors
6,454
6,454

6,454
6,454



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
3,503,900
3,507,832

3,503,900
3,507,832


Page 5

 
PEDERSEN (THAMESIDE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



950 (2022 - 950) Ordinary A shares of £1.00 each
950
950
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50

1,000

1,000



8.


Related party transactions

Included in other debtors is a balance of £6,454 (2022: £6,454) owed from a company in which a director has an interest. This balance is unsecured and interest free, with no fixed repayment terms.
Included in other creditors is a balance of £3,503,899 (2022: £3,503,899) owed to companies in which a director has an interest. This balance is unsecured and interest free, with no fixed repayment terms.

 
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