Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1Buying and selling of own real estate2022-11-011falsetrue 12273036 2022-11-01 2023-10-31 12273036 2021-11-01 2022-10-31 12273036 2023-10-31 12273036 2022-10-31 12273036 c:Director1 2022-11-01 2023-10-31 12273036 d:CurrentFinancialInstruments 2023-10-31 12273036 d:CurrentFinancialInstruments 2022-10-31 12273036 d:Non-currentFinancialInstruments 2023-10-31 12273036 d:Non-currentFinancialInstruments 2022-10-31 12273036 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12273036 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12273036 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12273036 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12273036 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 12273036 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 12273036 d:ShareCapital 2023-10-31 12273036 d:ShareCapital 2022-10-31 12273036 d:RetainedEarningsAccumulatedLosses 2023-10-31 12273036 d:RetainedEarningsAccumulatedLosses 2022-10-31 12273036 c:OrdinaryShareClass1 2022-11-01 2023-10-31 12273036 c:OrdinaryShareClass1 2023-10-31 12273036 c:OrdinaryShareClass1 2022-10-31 12273036 c:FRS102 2022-11-01 2023-10-31 12273036 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12273036 c:FullAccounts 2022-11-01 2023-10-31 12273036 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12273036














107 - 109 EAST STREET LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 
107 - 109 EAST STREET LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
107 - 109 EAST STREET LIMITED
REGISTERED NUMBER:12273036

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Work in progress
 4 
958,611
906,429

Debtors: amounts falling due within one year
 5 
98,084
5,783

Cash at bank and in hand
  
3,482
133,179

  
1,060,177
1,045,391

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(719,849)
(694,834)

Net current assets
  
340,328
350,557

Creditors: amounts falling due after more than one year
 7 
(367,515)
(367,515)

  

Net liabilities
  
(27,187)
(16,958)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(27,188)
(16,959)

  
(27,187)
(16,958)


The director considers 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 director acknowledges his 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 on 29 July 2024.



D Reichmann
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
107 - 109 EAST STREET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

107 - 109 East Street Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office and principal place of business is at Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 5AW.
The principal activity of the Company is that of property development.

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

After making enquiries, the director has a reasonable expectation that the Company will continue to receive support from the loan creditor as required and therefore will have adequate resources to continue to meet all of its liabilities as they fall due for at least twelve months from the date of his approval of these financial statements. Accordingly the director continues to adopt the going concern basis in preparing the annual report and financial statements.

 
2.3

Stocks

Stocks and work in progress represents development property valued at the lower of cost and net realisable value. Cost for this purpose comprises the original purchase of land and buildings and development expenditure.
In considering the net realisable value of land and properties, it is assumed that developments will be completed and sold in the ordinary course of the Company's business and that they would not be placed on the market for immediate sale.

 
2.4

Debtors

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

 
2.5

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, and loans from banks and related parties.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Borrowing costs

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

Page 2

 
107 - 109 EAST STREET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in the Statement of Comprehensive Income 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 reporting 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 Statement of Financial Position date, except that:
(a) 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
(b) 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration.






4.


Stocks

2023
2022
£
£

Development property
958,611
906,429



5.


Debtors

2023
2022
£
£


Trade debtors
-
5,399

Other debtors
98,084
384

98,084
5,783


Page 3

 
107 - 109 EAST STREET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,295
12,775

Other creditors
696,194
666,177

Accruals and deferred income
10,360
15,882

719,849
694,834



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
367,515
367,515


The bank loan is secured over the development property included in stock.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loan
367,515
367,515



9.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



1 (2022 - 1) Ordinary share of £1
1
1


 
Page 4