Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01false2No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13065544 2022-11-01 2023-10-31 13065544 2021-11-01 2022-10-31 13065544 2023-10-31 13065544 2022-10-31 13065544 c:Director1 2022-11-01 2023-10-31 13065544 d:FreeholdInvestmentProperty 2023-10-31 13065544 d:FreeholdInvestmentProperty 2022-10-31 13065544 d:CurrentFinancialInstruments 2023-10-31 13065544 d:CurrentFinancialInstruments 2022-10-31 13065544 d:Non-currentFinancialInstruments 2023-10-31 13065544 d:Non-currentFinancialInstruments 2022-10-31 13065544 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13065544 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13065544 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 13065544 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 13065544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 13065544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 13065544 d:ShareCapital 2023-10-31 13065544 d:ShareCapital 2022-10-31 13065544 d:RetainedEarningsAccumulatedLosses 2023-10-31 13065544 d:RetainedEarningsAccumulatedLosses 2022-10-31 13065544 c:OrdinaryShareClass1 2022-11-01 2023-10-31 13065544 c:OrdinaryShareClass1 2023-10-31 13065544 c:OrdinaryShareClass1 2022-10-31 13065544 c:FRS102 2022-11-01 2023-10-31 13065544 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13065544 c:FullAccounts 2022-11-01 2023-10-31 13065544 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13065544 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 13065544







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


WELBECK CP (PINSTONE) LIMITED






































img18f8.png                        

 


WELBECK CP (PINSTONE) LIMITED
REGISTERED NUMBER:13065544



BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
440,849
440,849

  
440,849
440,849

Current assets
  

Debtors: amounts falling due within one year
 5 
1,060,125
1,083,743

Cash at bank and in hand
  
56,346
54,037

  
1,116,471
1,137,780

Creditors: amounts falling due within one year
 6 
(473,089)
(530,445)

Net current assets
  
 
 
643,382
 
 
607,335

Total assets less current liabilities
  
1,084,231
1,048,184

Creditors: amounts falling due after more than one year
 7 
(1,000,000)
(1,000,000)

  

Net assets
  
84,231
48,184


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
84,230
48,183

  
84,231
48,184


Page 1

 


WELBECK CP (PINSTONE) LIMITED
REGISTERED NUMBER:13065544


    
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 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: 




E M I Flach
Director

Date: 16 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


WELBECK CP (PINSTONE) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Welbeck CP (Pinstone) Limited is a property ownership and management company. It is a private company limited by shares and is incorporated in England and Wales.
The address of the registered office is disclosed on the company information page.

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

Revenue

Revenue comprises rental income receivable, net of value added tax and trade discounts. Rental income is recorded in the profit and loss account as it falls due. Rent increases arising from rent reviews are taken into account as they fall due, in line with those agreed with the tenants. All turnover arose within the United Kingdom.

 
2.3

Interest income

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

 
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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 


WELBECK CP (PINSTONE) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors in consultation with 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.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
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 and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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

Page 4

 


WELBECK CP (PINSTONE) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Investment property


Leasehold investment property

£



Valuation


At 1 November 2022
440,849



At 31 October 2023
440,849

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







5.


Debtors

2023
2022
£
£


Trade debtors
5,730
35,726

Amounts owed by group undertakings
1,000,000
1,000,000

Other debtors
2,875
3,657

Prepayments and accrued income
37,000
44,360

Deferred taxation
14,520
-

1,060,125
1,083,743



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,115
1,143

Amounts owed to group undertakings
349,185
391,104

Other taxation and social security
8,630
8,386

Other creditors
50,250
60,147

Accruals and deferred income
63,909
69,665

473,089
530,445


Page 5

 


WELBECK CP (PINSTONE) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
1,000,000
1,000,000

1,000,000
1,000,000


The other loan has been advanced to the Company by P Noble who is related to the ultimate controlling party and the directors of the Company. P Noble holds a fixed and floating charge over the assets of the Company.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Other loans
1,000,000
1,000,000



1,000,000
1,000,000



9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Related party transactions

The loan disclosed in note 7 of £1,000,000 (2022 - £1,000,000) was owed to P Noble at the year end. During the year, interest of £55,761 (2022 - £92,496) was paid on this loan.

 
Page 6