Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3111No description of principal activity2022-04-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12418518 2022-04-01 2023-03-31 12418518 2021-04-01 2022-03-31 12418518 2023-03-31 12418518 2022-03-31 12418518 c:Director1 2022-04-01 2023-03-31 12418518 d:FreeholdInvestmentProperty 2023-03-31 12418518 d:FreeholdInvestmentProperty 2022-03-31 12418518 d:CurrentFinancialInstruments 2023-03-31 12418518 d:CurrentFinancialInstruments 2022-03-31 12418518 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12418518 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12418518 d:ShareCapital 2023-03-31 12418518 d:ShareCapital 2022-03-31 12418518 d:RetainedEarningsAccumulatedLosses 2023-03-31 12418518 d:RetainedEarningsAccumulatedLosses 2022-03-31 12418518 c:FRS102 2022-04-01 2023-03-31 12418518 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12418518 c:FullAccounts 2022-04-01 2023-03-31 12418518 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12418518 2 2022-04-01 2023-03-31 12418518 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12418518









THE CHORAL COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
THE CHORAL COMPANY LIMITED
REGISTERED NUMBER: 12418518

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,021,000
2,021,000

Investment property
 5 
4,169,757
4,169,757

  
6,190,757
6,190,757

Current assets
  

Debtors: amounts falling due within one year
 6 
20,719
19,452

  
20,719
19,452

Creditors: amounts falling due within one year
 7 
(6,179,632)
(6,246,110)

Net current liabilities
  
 
 
(6,158,913)
 
 
(6,226,658)

Total assets less current liabilities
  
31,844
(35,901)

  

Net assets/(liabilities)
  
31,844
(35,901)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
31,744
(36,001)

  
31,844
(35,901)


Page 1

 
THE CHORAL COMPANY LIMITED
REGISTERED NUMBER: 12418518
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 23 April 2024.




R Walsh
Director

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

Page 2

 
THE CHORAL COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Choral Company Limited is a private company limited by shares and incorporated in England and Wales (registered number: 12418518). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
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

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

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.

Page 3

 
THE CHORAL COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.6

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 Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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

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.

 
2.9

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.


3.


Employees

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

Page 4

 
THE CHORAL COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Unlisted investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 April 2022
1,000
2,020,000
2,021,000



At 31 March 2023
1,000
2,020,000
2,021,000





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
4,169,757



At 31 March 2023
4,169,757

The 2023 valuations were made by the director, on an open market value for existing use basis.






6.


Debtors

2023
2022
£
£


Trade debtors
1,266
-

Other debtors
19,453
19,452

20,719
19,452


Page 5

 
THE CHORAL COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,454
-

Other creditors
6,140,484
6,240,110

Accruals and deferred income
31,694
6,000

6,179,632
6,246,110


 
Page 6