Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01falseInvestment properties44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00827364 2022-11-01 2023-10-31 00827364 2021-11-01 2022-10-31 00827364 2023-10-31 00827364 2022-10-31 00827364 1 2022-11-01 2023-10-31 00827364 d:Director1 2022-11-01 2023-10-31 00827364 c:PlantMachinery 2022-11-01 2023-10-31 00827364 c:PlantMachinery 2023-10-31 00827364 c:PlantMachinery 2022-10-31 00827364 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00827364 c:FurnitureFittings 2022-11-01 2023-10-31 00827364 c:FurnitureFittings 2023-10-31 00827364 c:FurnitureFittings 2022-10-31 00827364 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00827364 c:OfficeEquipment 2022-11-01 2023-10-31 00827364 c:OfficeEquipment 2023-10-31 00827364 c:OfficeEquipment 2022-10-31 00827364 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00827364 c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00827364 c:FreeholdInvestmentProperty 2023-10-31 00827364 c:FreeholdInvestmentProperty 2022-10-31 00827364 c:FreeholdInvestmentProperty 2 2022-11-01 2023-10-31 00827364 c:CurrentFinancialInstruments 2023-10-31 00827364 c:CurrentFinancialInstruments 2022-10-31 00827364 c:Non-currentFinancialInstruments 2023-10-31 00827364 c:Non-currentFinancialInstruments 2022-10-31 00827364 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 00827364 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 00827364 c:Non-currentFinancialInstruments c:AfterOneYear 2023-10-31 00827364 c:Non-currentFinancialInstruments c:AfterOneYear 2022-10-31 00827364 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-10-31 00827364 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-10-31 00827364 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-10-31 00827364 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-10-31 00827364 c:ShareCapital 2023-10-31 00827364 c:ShareCapital 2022-10-31 00827364 c:CapitalRedemptionReserve 2023-10-31 00827364 c:CapitalRedemptionReserve 2022-10-31 00827364 c:InvestmentPropertiesRevaluationReserve 2023-10-31 00827364 c:InvestmentPropertiesRevaluationReserve 2022-10-31 00827364 c:RetainedEarningsAccumulatedLosses 2023-10-31 00827364 c:RetainedEarningsAccumulatedLosses 2022-10-31 00827364 d:FRS102 2022-11-01 2023-10-31 00827364 d:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 00827364 d:FullAccounts 2022-11-01 2023-10-31 00827364 d:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 00827364 2 2022-11-01 2023-10-31 00827364 f:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 00827364









PARTACOONA INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PARTACOONA INVESTMENTS LIMITED
REGISTERED NUMBER: 00827364

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
618
2,548

Investment property
 5 
820,000
900,000

  
820,618
902,548

Current assets
  

Debtors: amounts falling due within one year
 6 
520
1,549

Cash at bank and in hand
  
-
36,053

  
520
37,602

Creditors: amounts falling due within one year
 7 
(88,229)
(19,828)

Net current (liabilities)/assets
  
 
 
(87,709)
 
 
17,774

Total assets less current liabilities
  
732,909
920,322

Creditors: amounts falling due after more than one year
 8 
(5,678)
(14,741)

  

Net assets
  
727,231
905,581


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
228,656
228,656

Investment property reserve
  
160,611
240,611

Profit and loss account
  
337,864
436,214

  
727,231
905,581


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.


 
Page 1

 
PARTACOONA INVESTMENTS LIMITED
REGISTERED NUMBER: 00827364
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




................................................
T Wagner
Director

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

Page 2

 
PARTACOONA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The principal activity of Partacoona Investments Limited ("the Company") continues to be that of property investment including the letting of furnished holiday properties. 
The Company is a private company, limited by shares, and is incorporated in England and Wales.
The registered office address is 108 Station Road, Dullingham, Newmarket, CB8 9UT.

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 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.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
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

 
PARTACOONA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR 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 Statement of financial position. 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 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 reporting 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 reporting date.

 
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.

Page 4

 
PARTACOONA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Plant and machinery
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%

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.

 
2.9

Investment property

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

 
2.10

Financial instruments

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
PARTACOONA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
1,761
12,265
728
14,754



At 31 October 2023

1,761
12,265
728
14,754



Depreciation


At 1 November 2022
1,460
10,527
219
12,206


Charge for the year on owned assets
201
1,583
146
1,930



At 31 October 2023

1,661
12,110
365
14,136



Net book value



At 31 October 2023
100
155
363
618



At 31 October 2022
301
1,738
509
2,548

Page 6

 
PARTACOONA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
900,000


Surplus on revaluation
(80,000)



At 31 October 2023
820,000

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
659,389
659,389

659,389
659,389


6.


Debtors

2023
2022
£
£


Other debtors
520
1,549



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
38,889
-

Other loans
21,826
8,277

Corporation tax
2,004
2,004

Other taxation and social security
2,892
1,501

Other creditors
13,607
1,474

Accruals and deferred income
9,011
6,572

88,229
19,828


Page 7

 
PARTACOONA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
5,678
14,741



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
21,826
8,277

Amounts falling due 1-2 years

Bank loans
5,678
9,063

Amounts falling due 2-5 years

Bank loans
-
5,678


27,504
23,018



10.


Post balance sheet events

The company's investment property was sold in February 2024 for £820,000. 


11.


Controlling party

The controlling party is Warbleton Holdings Limited by virtue of its shareholding. 
 
The registered office address is 108 Station Road, Dullingham, Newmarket, CB8 9UT.

 
Page 8