Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31false12022-09-01truetrue4Property management and developmentThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03611632 2022-09-01 2023-08-31 03611632 2021-09-01 2022-08-31 03611632 2023-08-31 03611632 2022-08-31 03611632 2021-09-01 03611632 c:Director2 2022-09-01 2023-08-31 03611632 d:CurrentFinancialInstruments 2023-08-31 03611632 d:CurrentFinancialInstruments 2022-08-31 03611632 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03611632 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03611632 d:ShareCapital 2022-09-01 2023-08-31 03611632 d:ShareCapital 2023-08-31 03611632 d:ShareCapital 2021-09-01 2022-08-31 03611632 d:ShareCapital 2022-08-31 03611632 d:ShareCapital 2021-09-01 03611632 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 03611632 d:RetainedEarningsAccumulatedLosses 2023-08-31 03611632 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 03611632 d:RetainedEarningsAccumulatedLosses 2022-08-31 03611632 d:RetainedEarningsAccumulatedLosses 2021-09-01 03611632 c:OrdinaryShareClass1 2022-09-01 2023-08-31 03611632 c:OrdinaryShareClass1 2023-08-31 03611632 c:OrdinaryShareClass1 2022-08-31 03611632 c:FRS102 2022-09-01 2023-08-31 03611632 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 03611632 c:FullAccounts 2022-09-01 2023-08-31 03611632 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03611632 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 03611632











________________________________________________________________________________________


MARGAUX INVESTMENT PROPERTIES LIMITED

________________________________________________________________________________________



UNAUDITED

ANNUAL REPORT

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 
31 AUGUST 2023

 
MARGAUX INVESTMENT PROPERTIES LIMITED
REGISTERED NUMBER:03611632

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 4 
2
246,028

  
2
246,028

Creditors: amounts falling due within one year
 5 
-
(12,000)

Net current assets
  
 
 
2
 
 
234,028

Total assets less current liabilities
  
2
234,028

  

Net assets
  
2
234,028


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
-
234,026

  
2
234,028


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 year 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements on pages 1 to 6 were approved and authorised for issue by the board and were signed on its behalf on 12 August 2024.




T D K Simond
Director

Page 1

 
MARGAUX INVESTMENT PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2021
2
2,736,667
2,736,669


Comprehensive income for the year

Loss for the year
-
(2,641)
(2,641)
Total comprehensive income for the year
-
(2,641)
(2,641)


Contributions by and distributions to owners

Dividends paid
-
(2,500,000)
(2,500,000)



At 1 September 2022
2
234,026
234,028
Total comprehensive income for the year
-
-
-


Contributions by and distributions to owners

Dividends paid
-
(234,026)
(234,026)


Total transactions with owners
-
(234,026)
(234,026)


At 31 August 2023
2
-
2


Page 2

 
MARGAUX INVESTMENT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies

 
1.1

Statement of compliance

The principal activity of the Company during the year continued to be that of property management and development.
Margaux Investment Properties Limited is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office is 15 Whitehall, London, SW1A 2DD.

  
1.2

Basis of preparation

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A 'Small Entities' of Financial Reporting Standard 102, ‘the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (“FRS 102”) and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The preparation of financial statements requires the use of certain critical accounting estimates.  It also requires management to exercise its judgement in the process of applying the Company's accounting policies.  The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.

  
1.3

Turnover

Revenue is recognised to the extent that the Company obtains the right to consideration in exchange for its performance.  Revenue is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added tax.  The following criteria must also be met before revenue is recognised:
Rental income
Revenue from rental properties is recognised based on the income that is receivable for the period.
 
Interest income
Revenue is recognised as interest accrues using the effective interest method.

Page 3

 
MARGAUX INVESTMENT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies (continued)

  
1.4

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account. Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
 
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and profit on ordinary activities before taxation as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

  
1.5

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Short term debtors and creditors
Debtors and creditors receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the Profit and Loss Account in ‘administrative expenses’.
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

  
1.6

Share capital

Ordinary shares are classified as equity.

Page 4

 
MARGAUX INVESTMENT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies (continued)

  
1.7

Related party transactions

The Company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned. Where appropriate, transactions of a similar nature are aggregated unless, in the opinion of the directors separate disclosure is necessary to understand the effect of the transactions on the Company’s financial statements.

  
1.8

Dividends

Final dividends to the Company’s shareholder are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholder. These amounts are recognised in the Statement of Changes in Equity. Interim dividends are recognised in the Statement of Changes in Equity.

2.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.  However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 4).


4.


Debtors

2023
2022
£
£


Amounts owed by group companies
2
246,028



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
12,000


Page 5

 
MARGAUX INVESTMENT PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2

There is a single class of Ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.



7.


Reserves

Profit and loss account
The profit and loss account is a distributable reserve.

 
Page 6