Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true2false2022-11-07No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14466007 2022-11-06 14466007 2022-11-07 2023-11-30 14466007 2021-11-07 2022-11-06 14466007 2023-11-30 14466007 c:Director1 2022-11-07 2023-11-30 14466007 d:FreeholdInvestmentProperty 2022-11-07 2023-11-30 14466007 d:FreeholdInvestmentProperty 2023-11-30 14466007 d:CurrentFinancialInstruments 2023-11-30 14466007 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14466007 d:ShareCapital 2023-11-30 14466007 d:RetainedEarningsAccumulatedLosses 2023-11-30 14466007 c:OrdinaryShareClass1 2022-11-07 2023-11-30 14466007 c:OrdinaryShareClass1 2023-11-30 14466007 c:FRS102 2022-11-07 2023-11-30 14466007 c:AuditExempt-NoAccountantsReport 2022-11-07 2023-11-30 14466007 c:FullAccounts 2022-11-07 2023-11-30 14466007 c:PrivateLimitedCompanyLtd 2022-11-07 2023-11-30 14466007 d:Subsidiary1 2022-11-07 2023-11-30 14466007 d:Subsidiary1 1 2022-11-07 2023-11-30 14466007 6 2022-11-07 2023-11-30 14466007 e:PoundSterling 2022-11-07 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14466007









90 SQUARED LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
90 SQUARED LTD
REGISTERED NUMBER: 14466007

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
Note
£

Fixed assets
  

Investments
  
100

Investment property
  
104,120

  
104,220

Current assets
  

Debtors: amounts falling due within one year
 6 
5,037

Cash at bank and in hand
  
17,681

  
22,718

Creditors: amounts falling due within one year
 7 
(113,321)

Net current (liabilities)/assets
  
 
 
(90,603)

Total assets less current liabilities
  
13,617

  

Net assets
  
13,617


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
13,517

  
13,617


Page 1

 
90 SQUARED LTD
REGISTERED NUMBER: 14466007
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 statement of income and retained earnings 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 31 July 2024.




N Nathwani
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
90 SQUARED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

 The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 14466007.  The Company's registered office is 21 Wainwright Street, Aston, Birmingham, United Kingdom, B6 5TH.
The company was incorporated on 7 November 2022. These accounts cover the period from incorporation to 30 November 2023.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The director has prepared the accounts on a going concern basis.

 
2.4

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:

Rental of property
Turnover from the rental of investment property is recognised when all the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive consideration due for the period of renta;
- the period of rental can be measured reliably; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
90 SQUARED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

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.

 
2.6

Investment property

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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 4

 
90 SQUARED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

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 period was 2.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 30 November 2023
100





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

90 Squared - Nexia House Ltd
Ordinary
100%

On 9 November 2022 the company acquired the entire of share capital of 90 Squared - Nexia House Ltd.
The registered office of 90 Squared -  Nexia House Limited is the same as the parent company, being; 21 Wainwright Street, Aston, Birmingham, United Kingdom, B6 5TH.

Page 5

 
90 SQUARED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
104,120



At 30 November 2023
104,120

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







6.


Debtors

2023
£


Amounts owed by group undertakings
4,900

Prepayments and accrued income
137

5,037



7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
2,386

Other creditors
109,359

Accruals and deferred income
1,576

113,321


Page 6

 
90 SQUARED LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares of £1.00 each were allotted on incorporation at par value.


9.


Transactions with directors

During the period the company received loans from the directors.  Amounts due to the directors at the 30 November 2023 was £147,448.
During the period the company received loans from a company under the common control of the directors.  As at the 30 November 2023 amounts were owed to that company of £10,560.
Lloans are interest free and repayable on demand.

 
Page 7