Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13772921 2022-12-01 2023-11-30 13772921 2021-11-30 2022-11-30 13772921 2023-11-30 13772921 2022-11-30 13772921 c:Director1 2022-12-01 2023-11-30 13772921 d:OfficeEquipment 2022-12-01 2023-11-30 13772921 d:OfficeEquipment 2023-11-30 13772921 d:OfficeEquipment 2022-11-30 13772921 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13772921 d:ComputerEquipment 2022-12-01 2023-11-30 13772921 d:ComputerEquipment 2023-11-30 13772921 d:ComputerEquipment 2022-11-30 13772921 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13772921 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13772921 d:FreeholdInvestmentProperty 2022-12-01 2023-11-30 13772921 d:FreeholdInvestmentProperty 2023-11-30 13772921 d:FreeholdInvestmentProperty 2022-11-30 13772921 d:CurrentFinancialInstruments 2023-11-30 13772921 d:CurrentFinancialInstruments 2022-11-30 13772921 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13772921 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13772921 d:ShareCapital 2023-11-30 13772921 d:ShareCapital 2022-11-30 13772921 d:RetainedEarningsAccumulatedLosses 2023-11-30 13772921 d:RetainedEarningsAccumulatedLosses 2022-11-30 13772921 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13772921 c:OrdinaryShareClass1 2023-11-30 13772921 c:OrdinaryShareClass1 2022-11-30 13772921 c:FRS102 2022-12-01 2023-11-30 13772921 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13772921 c:FullAccounts 2022-12-01 2023-11-30 13772921 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13772921









FIRST MILE END LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
FIRST MILE END LTD
REGISTERED NUMBER: 13772921

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,401
-

Investment property
 5 
5,280,987
5,239,500

  
5,282,388
5,239,500

Current assets
  

Debtors: amounts falling due within one year
 6 
14,867
8,729

Cash at bank and in hand
 7 
58,896
8,990

  
73,763
17,719

Creditors: amounts falling due within one year
 8 
(5,415,361)
(5,271,319)

Net current liabilities
  
 
 
(5,341,598)
 
 
(5,253,600)

Total assets less current liabilities
  
(59,210)
(14,100)

  

Net liabilities
  
(59,210)
(14,100)


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
(59,220)
(14,110)

  
(59,210)
(14,100)


Page 1

 
FIRST MILE END LTD
REGISTERED NUMBER: 13772921
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 9 August 2024.




A. Shamash
Director

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

Page 2

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

First Mile End Limited by shares, incorporated in Cayman Islands (registered number: 384908) The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The financial statements are presented in GBP, which is the functional currency of the company.   

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

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.

 
2.4

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 3

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.4
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:

Office equipment
-
25%
Straight line
Computer equipment
-
25%
Straight line

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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).

Page 4

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


Additions
749
1,119
1,868



At 30 November 2023

749
1,119
1,868



Depreciation


Charge for the year on owned assets
187
280
467



At 30 November 2023

187
280
467



Net book value



At 30 November 2023
562
839
1,401



At 30 November 2022
-
-
-

Page 5

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
5,239,500


Additions at cost
41,487



At 30 November 2023
5,280,987

The 2023 valuations were made by the director, 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
£


Historic cost
5,280,987

5,280,987


6.


Debtors

2023
2022
£
£


Other debtors
4,887
-

Prepayments and accrued income
9,980
8,729

14,867
8,729



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
58,895
8,991

58,895
8,991


Page 6

 
FIRST MILE END LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,942
-

Corporation tax
-
4,900

Other creditors
5,386,752
5,246,752

Accruals and deferred income
19,667
19,667

5,415,361
5,271,319



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1.00 each
10
10


 
Page 7