Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-013falseNo description of principal activity3truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01030116 2023-01-01 2023-12-31 01030116 2022-01-01 2022-12-31 01030116 2023-12-31 01030116 2022-12-31 01030116 c:CompanySecretary1 2023-01-01 2023-12-31 01030116 c:Director1 2023-01-01 2023-12-31 01030116 c:Director2 2023-01-01 2023-12-31 01030116 c:Director3 2023-01-01 2023-12-31 01030116 c:RegisteredOffice 2023-01-01 2023-12-31 01030116 d:CurrentFinancialInstruments 2023-12-31 01030116 d:CurrentFinancialInstruments 2022-12-31 01030116 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01030116 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01030116 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01030116 d:RetainedEarningsAccumulatedLosses 2023-12-31 01030116 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01030116 d:RetainedEarningsAccumulatedLosses 2022-12-31 01030116 d:RetainedEarningsAccumulatedLosses 2022-01-01 01030116 c:FRS102 2023-01-01 2023-12-31 01030116 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01030116 c:FullAccounts 2023-01-01 2023-12-31 01030116 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01030116 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01030116










Carafe (Property Management) Limited
(A company limited by guarantee)








Unaudited

Directors' report and financial statements

For the Year Ended 31 December 2023





 
Carafe (Property Management) Limited
 
(A company limited by guarantee)
 

Company Information


Directors
C E Payne 
L Gregory 
D Smith 




Company secretary
C E Payne



Registered number
01030116



Registered office
2nd Floor
168 Shoreditch High Street

London

E1 6RA




Accountants
Kreston Reeves LLP
Chartered Accountants

2nd Floor

168 Shoreditch High Street

London

E1 6RA





 
Carafe (Property Management) Limited
 
(A company limited by guarantee)
 

Contents



Page
Directors' report
 
1
Accountants' report
 
2
Statement of income and retained earnings
 
3
Balance sheet
 
4
Notes to the financial statements
 
5 - 6


 
Carafe (Property Management) Limited

(A company limited by guarantee)
 

 
Directors' report
For the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors

The directors who served during the year were:

C E Payne 
L Gregory 
D Smith 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 6 February 2024 and signed on its behalf.
 





C E Payne
Secretary

Page 1

 
Carafe (Property Management) Limited
 
(A company limited by guarantee)
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Carafe (Property Management) Limited for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carafe (Property Management) Limited for the year ended 31 December 2023 which comprise the Statement of income and retained earnings, the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Carafe (Property Management) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Carafe (Property Management) Limited  and state those matters that we have agreed to state to the Board of directors of Carafe (Property Management) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carafe (Property Management) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Carafe (Property Management) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Carafe (Property Management) Limited. You consider that Carafe (Property Management) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Carafe (Property Management) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
2nd Floor
168 Shoreditch High Street
London
E1 6RA
6 February 2024
Page 2

 
Carafe (Property Management) Limited
 
(A company limited by guarantee)
 

Statement of income and retained earnings
For the Year Ended 31 December 2023

2023
2022
Note
£
£

  

Turnover
  
5,240
3,282

Gross profit
  
5,240
3,282

Administrative expenses
  
(4,737)
(4,174)

Operating profit/(loss)
  
503
(892)

Profit/(loss) after tax
  
503
(892)

  

  

Retained earnings at the beginning of the year
  
3,779
4,671

  
3,779
4,671

Profit/(loss) for the year
  
503
(892)

Retained earnings at the end of the year
  
4,282
3,779

The notes on pages 5 to 6 form part of these financial statements.

Page 3

 
Carafe (Property Management) Limited
 
(A company limited by guarantee)
Registered number: 01030116

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,218
2,806

Cash at bank and in hand
  
1,723
1,632

  
4,941
4,438

Creditors: amounts falling due within one year
 5 
(659)
(659)

Net current assets
  
 
 
4,282
 
 
3,779

Total assets less current liabilities
  
4,282
3,779

  

Net assets
  
4,282
3,779


Capital and reserves
  

Profit and loss account
  
4,282
3,779

  
4,282
3,779


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 were approved and authorised for issue by the board and were signed on its behalf on 6 February 2024.




C E Payne
Director

The notes on pages 5 to 6 form part of these financial statements.

Page 4

 
Carafe (Property Management) Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Carafe (Property Management) Limited, is a company limited by guarantee incorporated in England and Wales.  The address of the registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA.  The company registration number is 01030116.

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

Turnover

Turnover comprises service charges received from the flat owners.

 
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

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.

 
2.6

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
Page 5

 
Carafe (Property Management) Limited

(A company limited by guarantee)
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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 financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Prepayments and accrued income
3,218
2,806

3,218
2,806



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
11
11

Accruals and deferred income
648
648

659
659




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


Page 6