Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseOS11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11557526 2022-11-01 2023-10-31 11557526 2021-11-01 2022-10-31 11557526 2023-10-31 11557526 2022-10-31 11557526 c:Director1 2022-11-01 2023-10-31 11557526 d:CurrentFinancialInstruments 2023-10-31 11557526 d:CurrentFinancialInstruments 2022-10-31 11557526 d:Non-currentFinancialInstruments 2023-10-31 11557526 d:Non-currentFinancialInstruments 2022-10-31 11557526 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11557526 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11557526 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11557526 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11557526 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 11557526 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 11557526 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 11557526 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 11557526 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 11557526 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 11557526 d:ShareCapital 2023-10-31 11557526 d:ShareCapital 2022-10-31 11557526 d:RetainedEarningsAccumulatedLosses 2023-10-31 11557526 d:RetainedEarningsAccumulatedLosses 2022-10-31 11557526 c:OrdinaryShareClass1 2022-11-01 2023-10-31 11557526 c:OrdinaryShareClass1 2023-10-31 11557526 c:FRS102 2022-11-01 2023-10-31 11557526 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11557526 c:FullAccounts 2022-11-01 2023-10-31 11557526 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11557526 e:PoundSterling 2022-11-01 2023-10-31 11557526 d:EntityControlledByKeyManagementPersonnel1 2022-11-01 2023-10-31 11557526 d:EntityControlledByKeyManagementPersonnel1 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11557526









SRE STAINES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SRE STAINES LIMITED
REGISTERED NUMBER: 11557526

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023


2023

2022
Note
£
£
£
£

  

Current assets
  

Stocks
 4 
2,564,885
1,702,507

Debtors: amounts falling due within one year
 5 
8,094
476,511

Cash at bank and in hand
 6 
10,840
19,895

  
2,583,819
2,198,913

Creditors: amounts falling due within one year
 7 
(793,400)
(445,338)

Net current assets
  
 
 
1,790,419
 
 
1,753,575

Total assets less current liabilities
  
1,790,419
1,753,575

Creditors: amounts falling due after more than one year
 8 
(1,070,459)
(933,305)

  

Net assets
  
719,960
820,270


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
719,860
820,170

  
719,960
820,270


Page 1

 
SRE STAINES LIMITED
REGISTERED NUMBER: 11557526
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

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 30 July 2024.




V Kakkar
Director

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

Page 2

 
SRE STAINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

SRE Staines Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 11th Floor, The Mille, 1000 Great West Road, Brentford, TW8 9DW.
The company specialises in 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

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.3

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.4

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 reporting 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 the Statement of comprehensive income.

 
2.5

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.

 
2.6

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.

Page 3

 
SRE STAINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Stocks

2023
2022
£
£

Property stock
2,564,885
1,702,507

2,564,885
1,702,507



5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
424,514

Other debtors
8,094
51,997

8,094
476,511



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,840
19,895

10,840
19,895


Page 4

 
SRE STAINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
-

Trade creditors
152,107
-

Amounts owed to group undertakings
488,951
232,720

Other creditors
140,542
210,818

Accruals and deferred income
1,800
1,800

793,400
445,338



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,070,459
933,305

1,070,459
933,305


Bank loans are secured by a legal charge and debenture over the assets of the company.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
-

Amounts falling due 1-2 years

Bank loans
10,000
-

Amounts falling due 2-5 years

Bank loans
13,334
-

Amounts falling due after more than 5 years

Bank loans
1,047,125
933,305

1,080,459
933,305


Page 5

 
SRE STAINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



11.


Related party transactions

Included within other creditors is an amount due to the director of £11,710 (2022 - £12,320). During the year, the director loaned £Nil to the company and was repaid £610. No interest is payable or accruing on the loan.
 
The company has adopted the exemption permitted by Financial Reporting Standard 102, not to disclose any transactions with any wholly owned members of the group.
 
Included within creditors due within one year is an amount of £128,832 (2022 - £128,832) due to  companies under common control.


12.


Ultimate parent undertaking and controlling party

The ultimate parent undertaking is Sunny Asset Management Limited, a company incorporated in England and Wales.
The ultimate controlling party is V Kakkar, a director, by virtue of his 100% shareholding in Sunny Asset Management Limited.

 
Page 6