Caseware UK (AP4) 2023.0.135 2023.0.135 false2022-12-070falseNo description of principal activity0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00657769 2022-12-07 2023-12-06 00657769 2021-12-07 2022-12-06 00657769 2023-12-06 00657769 2022-12-06 00657769 c:Director1 2022-12-07 2023-12-06 00657769 d:CurrentFinancialInstruments 2023-12-06 00657769 d:CurrentFinancialInstruments 2022-12-06 00657769 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-06 00657769 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-06 00657769 d:ShareCapital 2023-12-06 00657769 d:ShareCapital 2022-12-06 00657769 d:RetainedEarningsAccumulatedLosses 2023-12-06 00657769 d:RetainedEarningsAccumulatedLosses 2022-12-06 00657769 c:OrdinaryShareClass1 2022-12-07 2023-12-06 00657769 c:OrdinaryShareClass1 2023-12-06 00657769 c:OrdinaryShareClass1 2022-12-06 00657769 c:EntityNoLongerTradingButTradedInPast 2022-12-07 2023-12-06 00657769 c:FRS102 2022-12-07 2023-12-06 00657769 c:AuditExemptWithAccountantsReport 2022-12-07 2023-12-06 00657769 c:FullAccounts 2022-12-07 2023-12-06 00657769 c:PrivateLimitedCompanyLtd 2022-12-07 2023-12-06 00657769 e:PoundSterling 2022-12-07 2023-12-06 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00657769










Lithecat Properties Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 6 December 2023

 
Lithecat Properties Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Lithecat Properties Limited for the Year Ended 6 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lithecat Properties Limited for the year ended 6 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Lithecat Properties Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of Lithecat Properties Limited and state those matters that we have agreed to state to the Board of directors of Lithecat Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lithecat Properties Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Lithecat Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Lithecat Properties Limited. You consider that Lithecat Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lithecat Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
22 August 2024
Page 1

 
Lithecat Properties Limited
Registered number: 00657769

Balance sheet
As at 6 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
611,127
577,401

Cash at bank and in hand
  
-
33,726

  
611,127
611,127

Creditors: amounts falling due within one year
 5 
(1,380)
(1,380)

Net current assets
  
 
 
609,747
 
 
609,747

Total assets less current liabilities
  
609,747
609,747

  

Net assets
  
609,747
609,747


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
609,647
609,647

  
609,747
609,747


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 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 22 August 2024.


J R Pitt
Director

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

Page 2

 
Lithecat Properties Limited
 

 
Notes to the financial statements
For the Year Ended 6 December 2023

1.


General information

Lithecat Properties Limited is a private company limited by shares which was incorporated in the UK and registered in England. Company number 00657769.
The company's registered office is Office 13, Caxton House, Wellesley Road, Ashford, Kent TN24 8ET.
The financial statements have been presented in Sterling (£).

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

There are no plans for the company to commence any new trading activity, and accordingly the going concern basis of accounting has not been adopted for the preperation of the financial statements.

 
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.

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.

Page 3

 
Lithecat Properties Limited
 

 
Notes to the financial statements
For the Year Ended 6 December 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 4

 
Lithecat Properties Limited
 

 
Notes to the financial statements
For the Year Ended 6 December 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The Company had no employees during the current or prior years.


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
611,127
577,401

611,127
577,401



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
1,380
1,380

1,380
1,380


Page 5

 
Lithecat Properties Limited
 

 
Notes to the financial statements
For the Year Ended 6 December 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100





7.


Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with fellow group undertakings, where both entities are wholly owned by the group.


8.


Controlling party

The company is a wholly owned subsidiary of Lithecat Holdings Limited, a company incorporated in England and Wales.
In the opinion of the directors there is no controlling party.   

Page 6