REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 MARCH 2022 TO 31 DECEMBER 2022 |
FOR |
CENTERSQUARE INVESTMENT ADVISORS UK LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 MARCH 2022 TO 31 DECEMBER 2022 |
FOR |
CENTERSQUARE INVESTMENT ADVISORS UK LTD |
CENTERSQUARE INVESTMENT ADVISORS UK LTD (REGISTERED NUMBER: 13987655) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 MARCH 2022 TO 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CENTERSQUARE INVESTMENT ADVISORS UK LTD |
COMPANY INFORMATION |
FOR THE PERIOD 18 MARCH 2022 TO 31 DECEMBER 2022 |
Director: |
Registered office: |
Registered number: |
Auditors: |
London |
SW1P 2PN |
CENTERSQUARE INVESTMENT ADVISORS UK LTD (REGISTERED NUMBER: 13987655) |
BALANCE SHEET |
31 DECEMBER 2022 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
CENTERSQUARE INVESTMENT ADVISORS UK LTD (REGISTERED NUMBER: 13987655) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 MARCH 2022 TO 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Centersquare Investment Advisors UK Ltd is a private company, limited by shares, incorporated in England and Wales on 18 March 2022. These financial statements are for the period from incorporation to 31 December 2022. |
The Company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts charged to the Company's parent under a sales and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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. |
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. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
Basic financial liabilities |
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 initially recognised at transaction price. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The financial statements have been prepared on the going concern basis. The directors have confirmed that the company is supported by the parent company and will continue its operation in the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
CENTERSQUARE INVESTMENT ADVISORS UK LTD (REGISTERED NUMBER: 13987655) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 MARCH 2022 TO 31 DECEMBER 2022 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Deferred Tax Asset | 1,207 |
VAT |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Corporation Tax |
Other creditors |
Directors' loan accounts | 133 |
Accrued expenses |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The auditors report on the financial statements for the year ended 31 December 2022 was unqualified. |
The audit report was signed on 30 November 2023 by Mr James Tillotson (Senior Statutory Auditor) on behalf of Wellers. |
8. | RELATED PARTY DISCLOSURES |
Included in creditors is amount owed to group undertakingsof £48,787 (owing to CenterSquare Investment Management LLC). |
9. | ULTIMATE CONTROLLING PARTY |
Centersquare Investment Management LLC is regarded by the directors as being the Company's ultimate parent company. |
The largest and smallest group in which results of the Company are consolidated is that headed by Centersquare Investment Management LLC, the registered once for Centersquare Investment Management LLC is 630 West Germantown Pike, Suite 300, Plymouth Meeting, Pennsylvania, 19462. |