Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31false2022-04-01The principal activity of the company continued to be that of other letting and operating of own or leased real estate33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09949058 2022-04-01 2023-03-31 09949058 2021-04-01 2022-03-31 09949058 2023-03-31 09949058 2022-03-31 09949058 2021-04-01 09949058 3 2022-04-01 2023-03-31 09949058 3 2021-04-01 2022-03-31 09949058 d:Director1 2022-04-01 2023-03-31 09949058 e:FreeholdInvestmentProperty 2022-04-01 2023-03-31 09949058 e:FreeholdInvestmentProperty 2023-03-31 09949058 e:FreeholdInvestmentProperty 2022-03-31 09949058 e:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 09949058 e:CurrentFinancialInstruments 2023-03-31 09949058 e:CurrentFinancialInstruments 2022-03-31 09949058 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 09949058 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 09949058 e:ShareCapital 2023-03-31 09949058 e:ShareCapital 2022-03-31 09949058 e:ShareCapital 2021-04-01 09949058 e:InvestmentPropertiesRevaluationReserve 2022-04-01 2023-03-31 09949058 e:InvestmentPropertiesRevaluationReserve 2023-03-31 09949058 e:InvestmentPropertiesRevaluationReserve 3 2022-04-01 2023-03-31 09949058 e:InvestmentPropertiesRevaluationReserve 2022-03-31 09949058 e:InvestmentPropertiesRevaluationReserve 2021-04-01 09949058 e:InvestmentPropertiesRevaluationReserve 3 2021-04-01 2022-03-31 09949058 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09949058 e:RetainedEarningsAccumulatedLosses 2023-03-31 09949058 e:RetainedEarningsAccumulatedLosses 3 2022-04-01 2023-03-31 09949058 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 09949058 e:RetainedEarningsAccumulatedLosses 2022-03-31 09949058 e:RetainedEarningsAccumulatedLosses 2021-04-01 09949058 e:RetainedEarningsAccumulatedLosses 3 2021-04-01 2022-03-31 09949058 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09949058 e:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09949058 d:OrdinaryShareClass1 2022-04-01 2023-03-31 09949058 d:OrdinaryShareClass1 2023-03-31 09949058 d:FRS102 2022-04-01 2023-03-31 09949058 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09949058 d:FullAccounts 2022-04-01 2023-03-31 09949058 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09949058 f:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09949058














PRICE BUILDING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
PRICE BUILDING LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 8


 
PRICE BUILDING LIMITED
REGISTERED NUMBER:09949058

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,515,000
1,380,000

  
1,515,000
1,380,000

Current assets
  

Debtors
 5 
1,011
20,300

Cash at bank and in hand
 6 
23,334
1,710,809

  
24,345
1,731,109

Creditors: amounts falling due within one year
 7 
(1,126,948)
(2,839,243)

Net current liabilities
  
 
 
(1,102,603)
 
 
(1,108,134)

Total assets less current liabilities
  
412,397
271,866

Provisions for liabilities
  

Deferred tax
 8 
(36,974)
(6,597)

  
 
 
(36,974)
 
 
(6,597)

Net assets
  
375,423
265,269


Capital and reserves
  

Called up share capital 
 9 
300
300

Non-distributable profit and loss account
 10 
130,746
28,123

Profit and loss account
 10 
244,377
236,846

  
375,423
265,269


1

 
PRICE BUILDING LIMITED
REGISTERED NUMBER:09949058
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 profit and loss account 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: 




R I Davies
Director

Date: 13 March 2024

The notes on pages 4 to 8 form part of these financial statements.

2

 
PRICE BUILDING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Non-distributable profit and loss account
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
300
-
21,224
21,524



Profit for the year
-
-
243,745
243,745

Transfer from profit & loss account
-
28,123
(28,123)
-



At 1 April 2022
300
28,123
236,846
265,269



Profit for the year
-
-
110,154
110,154

Transfer from profit & loss account
-
102,623
(102,623)
-


At 31 March 2023
300
130,746
244,377
375,423


3

 
PRICE BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Price Building Limited is a private company, limited by shares, registered in England and Wales, registration number 09949058. The registered office address is 85 South Gipsy Road, Welling, DA16 1JD.
The principal activity of the company continued to be that of other letting and operating of own or leased real estate.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from other letting and operating of own or leased real estate 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

4

 
PRICE BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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 corporation 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.

 
2.5

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

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities 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, loans to and from related parties and investments in ordinary shares.

5

 
PRICE BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees



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


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,380,000


Additions at cost
2,000


Surplus on revaluation
133,000



At 31 March 2023
1,515,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,347,280
1,345,280


5.


Debtors

2023
2022
£
£



Trade debtors
-
20,000

Called up share capital not paid
300
300

Prepayments and accrued income
711
-

1,011
20,300



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,334
1,710,809


6

 
PRICE BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
28,326

Corporation tax
1,767
52,137

Other creditors
1,121,181
2,755,580

Accruals and deferred income
4,000
3,200

1,126,948
2,839,243



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(6,597)
-


Charged to profit or loss
(30,377)
(6,597)



At end of year
(36,974)
(6,597)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains timing differences
(36,974)
(6,597)

(36,974)
(6,597)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300 Ordinary shares of £1.00 each
300
300


7

 
PRICE BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Reserves

Non-distributable profit and loss account

This is a non-distributable reserve which includes fair value movements on revalued investment properties.

Profit and loss account

Profit and loss account is the cumulative total of earnings reported by the company.


11.


Related party transactions

Included within other creditors at the year end is an aggregated amounts of £600,000 (2022 - £1,100,000) due to the directors. These loans are unsecured, interest free loan and repayable on demand.
Included within other creditors at the year end is an amount of £521,179 (2022 - £1,655,580) due to a company under common control. This loan is unsecured, interest free and repayable on demand.

 
8