Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false11truetruefalse 05562076 2023-01-01 2023-12-31 05562076 2022-01-01 2022-12-31 05562076 2023-12-31 05562076 2022-12-31 05562076 2022-01-01 05562076 c:Director1 2023-01-01 2023-12-31 05562076 d:FreeholdInvestmentProperty 2023-12-31 05562076 d:FreeholdInvestmentProperty 2022-12-31 05562076 d:CurrentFinancialInstruments 2023-12-31 05562076 d:CurrentFinancialInstruments 2022-12-31 05562076 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05562076 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05562076 d:ShareCapital 2023-12-31 05562076 d:ShareCapital 2022-12-31 05562076 d:InvestmentPropertiesRevaluationReserve 2023-12-31 05562076 d:InvestmentPropertiesRevaluationReserve 2022-12-31 05562076 d:RetainedEarningsAccumulatedLosses 2023-12-31 05562076 d:RetainedEarningsAccumulatedLosses 2022-12-31 05562076 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05562076 c:OrdinaryShareClass1 2023-12-31 05562076 c:OrdinaryShareClass1 2022-12-31 05562076 c:OrdinaryShareClass2 2023-01-01 2023-12-31 05562076 c:OrdinaryShareClass2 2023-12-31 05562076 c:OrdinaryShareClass2 2022-12-31 05562076 c:FRS102 2023-01-01 2023-12-31 05562076 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05562076 c:FullAccounts 2023-01-01 2023-12-31 05562076 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05562076 2 2023-01-01 2023-12-31 05562076 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05562076 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05562076 d:OtherDeferredTax 2023-12-31 05562076 d:OtherDeferredTax 2022-12-31 05562076 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05562076









4-6 CLIVEDEN PLACE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
4-6 CLIVEDEN PLACE LIMITED
REGISTERED NUMBER: 05562076

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,062,500
1,062,500

  
1,062,500
1,062,500

Current assets
  

Debtors: amounts falling due within one year
 5 
87,264
28,820

Cash at bank and in hand
 6 
-
234,813

  
87,264
263,633

Creditors: amounts falling due within one year
 7 
(211,879)
(403,736)

Net current liabilities
  
 
 
(124,615)
 
 
(140,103)

Total assets less current liabilities
  
937,885
922,397

Provisions for liabilities
  

Deferred tax
 8 
(234,403)
(233,419)

  
 
 
(234,403)
 
 
(233,419)

Net assets
  
703,482
688,978


Capital and reserves
  

Called up share capital 
 9 
230
230

Investment property reserve
  
638,087
638,087

Profit and loss account
  
65,165
50,661

  
703,482
688,978

Page 1

 
4-6 CLIVEDEN PLACE LIMITED
REGISTERED NUMBER: 05562076

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 were approved and authorised for issue by the board and were signed on its behalf on 17 July 2024.




Mr M J Wright
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
4-6 CLIVEDEN PLACE LIMITED
 

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

1.


General information

4-6 Cliveden Place Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is RWK Goodman LLP, 69 Carter Lane, London EC4V 5EQ. The Company is part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of rents receivable during the year, exclusive of Value Added Tax.

 
2.3

Investment property

Investment property is carried at fair value and reviewed annually by the Directors, taking into account information on current market rents and investment property yields for comparable real estate, adjusted to take into account the nature, location and condition of the property.

 
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 at bank and in hand

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
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.

 
2.7

Interest income

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

Page 3

 
4-6 CLIVEDEN PLACE LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.


3.


Employees

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

Page 4

 
4-6 CLIVEDEN PLACE LIMITED
 

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

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,062,500



At 31 December 2023
1,062,500

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





5.


Debtors

2023
2022
£
£


Other debtors
86,827
28,820

Prepayments and accrued income
437
-

87,264
28,820



6.


Cash at bank and in hand

2023
2022
£
£

Cash at bank and in hand
-
234,813

-
234,813



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
20,000

Corporation tax
750
-

Other creditors
207,440
379,830

Accruals and deferred income
3,689
3,906

211,879
403,736


Other creditors for 2023 includes £207,440 (2022 - £377,443) lent to the Company by shareholders. The loans are interest free. See further information in note 10.

Page 5

 
4-6 CLIVEDEN PLACE LIMITED
 

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

8.


Deferred taxation




2023
2022


£

£






At beginning of year
(233,419)
(230,759)


Charged to profit or loss
(984)
(2,660)



At end of year
(234,403)
(233,419)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(78,651)
(77,667)

Revaluation of investment property
(155,752)
(155,752)

(234,403)
(233,419)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,325,708 (2022 - 1,325,708) A Ordinary shares of £0.0001- each
133
133
974,292 (2022 - 974,292) B Ordinary shares of £0.0001- each
97
97

230

230



10.


Related party transactions

As at 1 January 2023, the Company had outstanding loans payable to some of the directors of £315,206. During the year, the Company made repayments totalling £141,966 (2022 - £nil). The balance at the year end was £173,240.
The loans are interest free.


11.


Controlling company disclosure

Victoria Investment Holdings Limited, a company incorporated in Guernsey, is the controlling company. The registered address of the company is Third Floor, Cambridge House, Le Truchot, St Peter Port, Guernsey, GY1 1WD.


Page 6