Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-300falsefalse02022-11-04Operating of own or leased real estatetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14463115 2022-11-03 14463115 2022-11-04 2023-11-30 14463115 2021-11-04 2022-11-03 14463115 2023-11-30 14463115 c:Director1 2022-11-04 2023-11-30 14463115 d:FreeholdInvestmentProperty 2022-11-04 2023-11-30 14463115 d:FreeholdInvestmentProperty 2023-11-30 14463115 d:CurrentFinancialInstruments 2023-11-30 14463115 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14463115 d:ShareCapital 2023-11-30 14463115 d:RetainedEarningsAccumulatedLosses 2023-11-30 14463115 c:OrdinaryShareClass1 2022-11-04 2023-11-30 14463115 c:OrdinaryShareClass1 2023-11-30 14463115 c:FRS102 2022-11-04 2023-11-30 14463115 c:AuditExempt-NoAccountantsReport 2022-11-04 2023-11-30 14463115 c:FullAccounts 2022-11-04 2023-11-30 14463115 c:PrivateLimitedCompanyLtd 2022-11-04 2023-11-30 14463115 e:PoundSterling 2022-11-04 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14463115










TRANQUOLITY LIMITED









FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
TRANQUOLITY LIMITED
REGISTERED NUMBER: 14463115

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
Note
£

Fixed assets
  

Investment property
  
1,075,693

  
1,075,693

Current assets
  

Debtors: amounts falling due within one year
 5 
100

Cash at bank and in hand
 6 
63,859

  
63,959

Creditors: amounts falling due within one year
  
(1,162,860)

Net current (liabilities)/assets
  
 
 
(1,098,901)

  

Net (liabilities)/assets
  
(23,208)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(23,308)

  
(23,208)


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 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 2 August 2024.



Svetlana Ilina
Director

The notes on page 2 form part of these financial statements.


 
TRANQUOLITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Tranquolity Limited is a private company limited by share capital, incorporated in England and Wales, registration number 14463115. The address of the registered office is 10 Queen Street Place, London, EC4R 1AG. The companys principal trading activity is letting and operating of own or leased real estate.
The financial statements are presented in Sterling (£).

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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.


 
TRANQUOLITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




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


 
TRANQUOLITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,075,693



At 30 November 2023
1,075,693

The 2023 valuations were made by David Cossins Surveyors Limited, on an open market value for existing use basis.



At 30 November 2023





5.


Debtors

2023
£


Called up share capital not paid
100

100



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
63,859

63,859


Page 1

 
TRANQUOLITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
1,063

Other creditors
1,159,297

Accruals and deferred income
2,500

1,162,860



8.


Share capital

2023
£
Authorised, allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


Durung the year, the company issued a total of 100 A Ordinary shares at nominal value of £1 each.


9.


Related party transactions

Included within other creditors due within one year are amounts totalling £1,159,297 owed to the directors.

 
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