Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseinvestment property22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05052279 2022-11-01 2023-10-31 05052279 2021-11-01 2022-10-31 05052279 2023-10-31 05052279 2022-10-31 05052279 c:Director2 2022-11-01 2023-10-31 05052279 d:Buildings d:ShortLeaseholdAssets 2022-11-01 2023-10-31 05052279 d:Buildings d:ShortLeaseholdAssets 2023-10-31 05052279 d:Buildings d:ShortLeaseholdAssets 2022-10-31 05052279 d:ComputerEquipment 2022-11-01 2023-10-31 05052279 d:ComputerEquipment 2023-10-31 05052279 d:ComputerEquipment 2022-10-31 05052279 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05052279 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05052279 d:CurrentFinancialInstruments 2023-10-31 05052279 d:CurrentFinancialInstruments 2022-10-31 05052279 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05052279 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 05052279 d:ShareCapital 2023-10-31 05052279 d:ShareCapital 2022-10-31 05052279 d:RetainedEarningsAccumulatedLosses 2023-10-31 05052279 d:RetainedEarningsAccumulatedLosses 2022-10-31 05052279 c:FRS102 2022-11-01 2023-10-31 05052279 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05052279 c:FullAccounts 2022-11-01 2023-10-31 05052279 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05052279 2 2022-11-01 2023-10-31 05052279 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 05052279









APPRISE PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
APPRISE PROPERTY LTD
REGISTERED NUMBER: 05052279

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,698
749

  
1,698
749

Current assets
  

Stocks
  
338,280
338,280

Debtors: amounts falling due within one year
 6 
556,416
399,766

Cash at bank and in hand
 7 
41,165
358,621

  
935,861
1,096,667

Creditors: amounts falling due within one year
 8 
(35,565)
(128,124)

Net current assets
  
 
 
900,296
 
 
968,543

Total assets less current liabilities
  
901,994
969,292

  

Net assets
  
901,994
969,292


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
901,894
969,192

  
901,994
969,292


Page 1

 
APPRISE PROPERTY LTD
REGISTERED NUMBER: 05052279
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 Period 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: 




S Stretton
Director

Date: 8 April 2024

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

Page 2

 
APPRISE PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Apprise Property Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the 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

Interest income

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

 
2.5

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

 
APPRISE PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

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:

Leasehold property
-
7%
straight line basis
Computer equipment
-
25%
straight line basis

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.

Page 4

 
APPRISE PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

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 financial instruments.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
APPRISE PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees

2023
2022
£
£

Wages and salaries
19,136
14,352

Social security costs
1,634
722

Cost of defined contribution scheme
50,000
-

70,770
15,074


The average monthly number of employees, including directors, during the Period was 2 (2022 - 2).

Page 6

 
APPRISE PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Leasehold property
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
145,000
8,924
153,924


Additions
-
1,266
1,266


Disposals
(145,000)
-
(145,000)



At 31 October 2023

-
10,190
10,190



Depreciation


At 1 November 2022
145,000
8,175
153,175


Charge for the Period on owned assets
-
317
317


Disposals
(145,000)
-
(145,000)



At 31 October 2023

-
8,492
8,492



Net book value



At 31 October 2023
-
1,698
1,698



At 31 October 2022
-
749
749

Page 7

 
APPRISE PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
416,678
295,100

Prepayments
13,266
6,004

Tax recoverable
126,472
98,662

556,416
399,766



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
41,165
358,621

41,165
358,621



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
9,480

Corporation tax
26,652
98,662

Accruals and deferred income
8,913
19,982

35,565
128,124



9.


Related party transactions

In other debtors there is a Directors loan of £413,049 (2022: £293,807) provided from the company. The loan is repayable on demand.

 
Page 8