Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-3112022-09-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity1falsefalse 10917322 2022-09-01 2023-08-31 10917322 2021-09-01 2022-08-31 10917322 2023-08-31 10917322 2022-08-31 10917322 c:Director2 2022-09-01 2023-08-31 10917322 d:CurrentFinancialInstruments 2023-08-31 10917322 d:CurrentFinancialInstruments 2022-08-31 10917322 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10917322 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 10917322 d:ShareCapital 2023-08-31 10917322 d:ShareCapital 2022-08-31 10917322 d:RetainedEarningsAccumulatedLosses 2023-08-31 10917322 d:RetainedEarningsAccumulatedLosses 2022-08-31 10917322 c:FRS102 2022-09-01 2023-08-31 10917322 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10917322 c:FullAccounts 2022-09-01 2023-08-31 10917322 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10917322 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 10917322










BLOCK ONE INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BLOCK ONE INVESTMENTS LIMITED
REGISTERED NUMBER: 10917322

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
41,769
41,769

  
41,769
41,769

Current assets
  

Debtors: amounts falling due within one year
 6 
4,321
2,560

Cash at bank and in hand
 7 
100
100

  
4,421
2,660

Creditors: amounts falling due within one year
 8 
(43,535)
(41,839)

Net current liabilities
  
 
 
(39,114)
 
 
(39,179)

Total assets less current liabilities
  
2,655
2,590

  

Net assets
  
2,655
2,590


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,555
2,490

  
2,655
2,590


Page 1

 
BLOCK ONE INVESTMENTS LIMITED
REGISTERED NUMBER: 10917322

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 statement of income and retained earnings 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 29 August 2024.




P Plant
Director

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

Page 2

 
BLOCK ONE INVESTMENTS LIMITED
 

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

1.Accounting policies

 
1.1

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 following principal accounting policies have been applied:

 
1.2

Going concern

The company had net current liabilities at 31 August 2023 of £39,114 (2022 : £39,179). However, the director is of the opinion that the company has and will continue to have the support of its creditors for the foreseeable future. In the light of these factors, the director considers it appropriate to adopt the going concern basis in the preparation of these financial statements.

 
1.3

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.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

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.

Page 3

 
BLOCK ONE INVESTMENTS LIMITED
 

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

1.Accounting policies (continued)

  
1.6

Investment property

Investment property is carried at fair value determined annually by the director 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 the Statement of income and retained earnings.

 
1.7

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.

 
1.8

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.

 
1.9

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.


General information

Block One Investments Limited is a private limited company incorporated in England and Wales. Its Registered Office is Kingsridge House, 601 London Road, Westcliff on Sea, Essex SS0 9PE.


3.


Employees




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


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 September 2022
41,769



At 31 August 2023
41,769




Page 4

 
BLOCK ONE INVESTMENTS LIMITED
 

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

5.


Investment property

The 2022 valuations were made by the director on an open market value for existing use basis.



2023
2022
£
£


Historic cost
41,769
41,769

41,769
41,769


6.


Debtors

2023
2022
£
£


Trade debtors
-
825

Other debtors
4,321
1,735

4,321
2,560



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100
100

100
100



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
431
414

Corporation tax
15
17

Other creditors
42,148
41,408

Accruals and deferred income
941
-

43,535
41,839



9.


Controlling party

The ultimate controlling party was Vitis Freeholds Limited whom own 100% of the company's share capital.


Page 5