Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02888694 2023-01-01 2023-12-31 02888694 2022-01-01 2022-12-31 02888694 2023-12-31 02888694 2022-12-31 02888694 c:Director1 2023-01-01 2023-12-31 02888694 d:FreeholdInvestmentProperty 2023-12-31 02888694 d:FreeholdInvestmentProperty 2022-12-31 02888694 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 02888694 d:CurrentFinancialInstruments 2023-12-31 02888694 d:CurrentFinancialInstruments 2022-12-31 02888694 d:Non-currentFinancialInstruments 2023-12-31 02888694 d:Non-currentFinancialInstruments 2022-12-31 02888694 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02888694 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02888694 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02888694 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 02888694 d:ShareCapital 2023-12-31 02888694 d:ShareCapital 2022-12-31 02888694 d:RetainedEarningsAccumulatedLosses 2023-12-31 02888694 d:RetainedEarningsAccumulatedLosses 2022-12-31 02888694 c:FRS102 2023-01-01 2023-12-31 02888694 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02888694 c:FullAccounts 2023-01-01 2023-12-31 02888694 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02888694 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-12-31 02888694 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-12-31 02888694 2 2023-01-01 2023-12-31 02888694 6 2023-01-01 2023-12-31 02888694 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02888694









INFOACTIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INFOACTIVE LIMITED
REGISTERED NUMBER: 02888694

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
991,000
922,500

Investment property
 5 
46,998,000
47,017,000

  
47,989,000
47,939,500

Current assets
  

Debtors: amounts falling due after more than one year
 6 
100,035
100,035

Debtors: amounts falling due within one year
 6 
195,996
149,986

Cash at bank and in hand
 7 
4,754,364
4,558,153

  
5,050,395
4,808,174

Creditors: amounts falling due within one year
 8 
(1,174,607)
(1,204,167)

Net current assets
  
 
 
3,875,788
 
 
3,604,007

Total assets less current liabilities
  
51,864,788
51,543,507

Creditors: amounts falling due after more than one year
 9 
(30,250,604)
(30,252,638)

  

Net assets
  
21,614,184
21,290,869


Capital and reserves
  

Called up share capital 
  
21,809,154
21,809,154

Profit and loss account
  
(194,970)
(518,285)

Shareholders' funds
  
21,614,184
21,290,869


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.
Page 1

 
INFOACTIVE LIMITED
REGISTERED NUMBER: 02888694
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


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 by: 




A.R. Ashman
Director

Date: 1 August 2024

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

Page 2

 
INFOACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is domiciled and incorporated in England and Wales and its registered number is 02888694.  
The company is a private company limited by shares.
The address of its registered office is 7 Prince Arthur Mews, London, England, NW3 1RD.

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 represents the net invoiced value of rents receivable excluding value added tax adjusted for amounts received in advance. 

 
2.3

Interest income

Interest income is recognised in the profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the 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

 
INFOACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 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 the director. External valuations are undertaken at the discretion of the director to support his fair value assessment of the investment property. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short term debtors are measured at transaction price, 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. 

Page 4

 
INFOACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

 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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 January 2023
922,500


Revaluations
68,500



At 31 December 2023
991,000




Page 5

 
INFOACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
47,017,000


Surplus on revaluation
(19,000)



At 31 December 2023
46,998,000

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



At 31 December 2023



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
45,397,000
45,397,000


6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
100,035
100,035


2023
2022
£
£

Due within one year

Prepayments and accrued income
149,986
149,986

Deferred taxation
46,010
-

195,996
149,986


Page 6

 
INFOACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,754,364
4,558,153



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
870,843
1,026,758

Accruals and deferred income
303,764
177,409

1,174,607
1,204,167



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,250,604
30,252,638


The bank loans are secured by fixed charges over specific investment property assets:
£28,395,604 is secured on company assets.
£1,855,000 is secured on shareholder's assets.

 
Page 7