Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01falseNo description of principal activity34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10453281 2021-11-01 2022-10-31 10453281 2020-11-01 2021-10-31 10453281 2022-10-31 10453281 2021-10-31 10453281 c:Director2 2021-11-01 2022-10-31 10453281 d:FurnitureFittings 2021-11-01 2022-10-31 10453281 d:FurnitureFittings 2022-10-31 10453281 d:FurnitureFittings 2021-10-31 10453281 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 10453281 d:Goodwill 2021-11-01 2022-10-31 10453281 d:Goodwill 2022-10-31 10453281 d:Goodwill 2021-10-31 10453281 d:CurrentFinancialInstruments 2022-10-31 10453281 d:CurrentFinancialInstruments 2021-10-31 10453281 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10453281 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 10453281 d:ShareCapital 2022-10-31 10453281 d:ShareCapital 2021-10-31 10453281 d:RetainedEarningsAccumulatedLosses 2022-10-31 10453281 d:RetainedEarningsAccumulatedLosses 2021-10-31 10453281 c:OrdinaryShareClass1 2021-11-01 2022-10-31 10453281 c:OrdinaryShareClass1 2022-10-31 10453281 c:OrdinaryShareClass1 2021-10-31 10453281 c:FRS102 2021-11-01 2022-10-31 10453281 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 10453281 c:FullAccounts 2021-11-01 2022-10-31 10453281 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 10453281 d:Goodwill d:OwnedIntangibleAssets 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10453281









MABEL PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
MABEL PROPERTY LTD
REGISTERED NUMBER: 10453281

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,350
16,150

Tangible fixed assets
 5 
650
850

  
13,000
17,000

Current assets
  

Debtors: amounts falling due within one year
 6 
26,833
140,615

Cash at bank and in hand
 7 
9,665
857

  
36,498
141,472

Creditors: amounts falling due within one year
 8 
(55,792)
(173,475)

Net current liabilities
  
 
 
(19,294)
 
 
(32,003)

Total assets less current liabilities
  
(6,294)
(15,003)

  

Net liabilities
  
(6,294)
(15,003)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(6,296)
(15,005)

  
(6,294)
(15,003)


Page 1

 
MABEL PROPERTY LTD
REGISTERED NUMBER: 10453281
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

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 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 by: 




Z Winstanley-Spence
Director

Date: 22 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MABEL PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Mabel Property Ltd is a private company limited by shares, incorporated in England & Wales (registered number 10453281). The registered office is Independence House K2 Equity Partners, Millfield Lane, York, England, YO26 6PH.

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

Going concern

The financial statements have been prepared on the going concern basis. The company is in a net deficit position and is reliant on the directors and shareholders for financial support. The directors are confident that this support will continue for a period of at least another 12 months following the approval of these financial statements. 

 
2.3

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.

 
2.4

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.

Page 3

 
MABEL PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
5
years

Page 4

 
MABEL PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
MABEL PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2021
19,000



At 31 October 2022

19,000



Amortisation


At 1 November 2021
2,850


Charge for the year on owned assets
3,800



At 31 October 2022

6,650



Net book value



At 31 October 2022
12,350



At 31 October 2021
16,150



Page 6

 
MABEL PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 November 2021
1,000



At 31 October 2022

1,000



Depreciation


At 1 November 2021
150


Charge for the year on owned assets
200



At 31 October 2022

350



Net book value



At 31 October 2022
650



At 31 October 2021
850


6.


Debtors

2022
2021
£
£


Trade debtors
19,635
6,189

Other debtors
-
125,833

Prepayments and accrued income
5,480
6,875

Deferred taxation
1,718
1,718

26,833
140,615



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
9,665
857

9,665
857


Page 7

 
MABEL PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
7,483
94,827

Corporation tax
2,162
-

Other taxation and social security
30,696
58,089

Other creditors
10,331
13,662

Accruals and deferred income
5,120
6,897

55,792
173,475



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



2 (2021 - 2) Ordinary shares of £1.00 each
2
2


 
Page 8