Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12001093 2023-01-01 2023-12-31 12001093 2022-01-01 2022-12-31 12001093 2023-12-31 12001093 2022-12-31 12001093 c:Director2 2023-01-01 2023-12-31 12001093 d:CurrentFinancialInstruments 2023-12-31 12001093 d:CurrentFinancialInstruments 2022-12-31 12001093 d:Non-currentFinancialInstruments 2023-12-31 12001093 d:Non-currentFinancialInstruments 2022-12-31 12001093 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12001093 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12001093 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12001093 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12001093 d:ShareCapital 2023-12-31 12001093 d:ShareCapital 2022-12-31 12001093 d:RetainedEarningsAccumulatedLosses 2023-12-31 12001093 d:RetainedEarningsAccumulatedLosses 2022-12-31 12001093 c:FRS102 2023-01-01 2023-12-31 12001093 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12001093 c:FullAccounts 2023-01-01 2023-12-31 12001093 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12001093 d:Subsidiary1 2023-01-01 2023-12-31 12001093 d:Subsidiary1 1 2023-01-01 2023-12-31 12001093 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12001093









COOL BRITANNIA DEVELOPMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COOL BRITANNIA DEVELOPMENTS LTD
REGISTERED NUMBER: 12001093

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,454,620
1,454,620

  
1,454,620
1,454,620

Current assets
  

Debtors: amounts falling due within one year
 5 
12,983
50

Cash at bank and in hand
  
43,653
135,027

  
56,636
135,077

Creditors: amounts falling due within one year
 6 
(5,349)
(5,817)

Net current assets
  
 
 
51,287
 
 
129,260

Total assets less current liabilities
  
1,505,907
1,583,880

Creditors: amounts falling due after more than one year
 7 
(1,537,604)
(1,612,275)

  

Net liabilities
  
(31,697)
(28,395)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(31,797)
(28,495)

  
(31,697)
(28,395)


Page 1

 
COOL BRITANNIA DEVELOPMENTS LTD
REGISTERED NUMBER: 12001093
    
STATEMENT OF FINANCIAL POSITION (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 income statement 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 16 August 2024.




................................................
Muhammad Asif Ismail
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
COOL BRITANNIA DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is registered in England & Wales and its registered number is 06344643. The company is a private company limited by shares. Its registered office address is 52a Hanover Gate Mansions, Park Road, London NW1 4SN.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 3

 
COOL BRITANNIA DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies
Loans to subsidiaries
Total

£
£
£



Cost or valuation


At 1 January 2023
67
1,454,553
1,454,620



At 31 December 2023
67
1,454,553
1,454,620





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

S&G Croydon Ltd
Unit 1 Global House, Red Lion Road, Surbiton, Surrey KT6 7QD
Buying & selling of own real estate
Ordinary £1
67%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name

S&G Croydon Ltd


5.


Debtors

2023
2022
£
£


Amounts owed by related parties
12,933
-

Other debtors
50
50

12,983
50


Page 4

 
COOL BRITANNIA DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
4,550
4,617

Accruals and deferred income
799
1,200

5,349
5,817



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to associates
1,537,604
1,612,275

1,537,604
1,612,275


This relates to amounts due to Al-Dar Holdings, an entity (i) established & registered in Dubai, UAE and (ii) closely associated with the family members of the shareholders.
The amounts will be repayable after one year but no later than five years, with no fixed repayment terms, are unsured and profit/interest free. 

 
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