Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falsetruefalse00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01 07239236 2022-05-01 2023-04-30 07239236 2021-05-01 2022-04-30 07239236 2023-04-30 07239236 2022-04-30 07239236 c:Director1 2022-05-01 2023-04-30 07239236 d:CurrentFinancialInstruments 2023-04-30 07239236 d:CurrentFinancialInstruments 2022-04-30 07239236 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07239236 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 07239236 d:ShareCapital 2023-04-30 07239236 d:ShareCapital 2022-04-30 07239236 d:RetainedEarningsAccumulatedLosses 2023-04-30 07239236 d:RetainedEarningsAccumulatedLosses 2022-04-30 07239236 c:OrdinaryShareClass1 2022-05-01 2023-04-30 07239236 c:OrdinaryShareClass1 2023-04-30 07239236 c:OrdinaryShareClass1 2022-04-30 07239236 c:FRS102 2022-05-01 2023-04-30 07239236 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 07239236 c:FullAccounts 2022-05-01 2023-04-30 07239236 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07239236 2 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07239236









ALBERT HALL MANSIONS (BLOCK 4) FREEHOLD LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
ALBERT HALL MANSIONS (BLOCK 4) FREEHOLD LIMITED
REGISTERED NUMBER: 07239236

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
12,393
8,693

Cash at bank and in hand
  
4,245
4,226

  
16,638
12,919

Creditors: amounts falling due within one year
 5 
(13,786)
(11,039)

Net current assets
  
 
 
2,852
 
 
1,880

Total assets less current liabilities
  
2,852
1,880

  

Net assets
  
2,852
1,880


Capital and reserves
  

Called up share capital 
 7 
16
16

Profit and loss account
  
2,836
1,864

  
2,852
1,880


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 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: 




F Hakura
Director

Date: 7 February 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ALBERT HALL MANSIONS (BLOCK 4) FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Albert Hall Mansions (Block 4) Freehold Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The registered office address is Causeway House, 1 Dane Street, Bishop's Stortford, Hertfordshire, CM23 3BT. The Company is not part of a group.

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

Tangible fixed assets and depreciation

As disclosed in the directors report, the Company is the nominee holder of the freehold interest of Albert Hall Mansions Block 4. It is entitled to receive income in relation to the freehold but as the nominee holder it is not entitled to the asset. Therefore there is no fixed asset owned by the Company.

 
2.3

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.

 
2.4

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.

 
2.5

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.

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.

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
Page 2

 
ALBERT HALL MANSIONS (BLOCK 4) FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 3

 
ALBERT HALL MANSIONS (BLOCK 4) FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Interest income

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

 
2.9

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Debtors

2023
2022
£
£


Other debtors
12,393
8,693

12,393
8,693


Page 4

 
ALBERT HALL MANSIONS (BLOCK 4) FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
435
207

Other creditors
8,016
8,016

Accruals and deferred income
5,335
2,816

13,786
11,039



6.


Related party transactions

The amount due to Albert Hall Crescent LLP, a limited liability partnership in which the Directors are designated members, at the year end was £8,016 (2022 £8,016).
The amount due from Albert Hall Mansions Block 4 at the year end was £12,377 (2022 £8,677). 


7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



16 (2022 - 16) Ordinary shares of £1.00 each
16
16



Page 5