Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falseNo description of principal activity1true2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 7450708 2022-12-01 2023-11-30 7450708 2021-12-01 2022-11-30 7450708 2023-11-30 7450708 2022-11-30 7450708 c:Director1 2022-12-01 2023-11-30 7450708 d:ComputerEquipment 2022-12-01 2023-11-30 7450708 d:ComputerEquipment 2023-11-30 7450708 d:ComputerEquipment 2022-11-30 7450708 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 7450708 d:CurrentFinancialInstruments 2023-11-30 7450708 d:CurrentFinancialInstruments 2022-11-30 7450708 d:Non-currentFinancialInstruments 2023-11-30 7450708 d:Non-currentFinancialInstruments 2022-11-30 7450708 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 7450708 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 7450708 d:ShareCapital 2023-11-30 7450708 d:ShareCapital 2022-11-30 7450708 d:RetainedEarningsAccumulatedLosses 2023-11-30 7450708 d:RetainedEarningsAccumulatedLosses 2022-11-30 7450708 c:EntityNoLongerTradingButTradedInPast 2022-12-01 2023-11-30 7450708 c:FRS102 2022-12-01 2023-11-30 7450708 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 7450708 c:FullAccounts 2022-12-01 2023-11-30 7450708 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 7450708 6 2022-12-01 2023-11-30 7450708 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 7450708







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


LANGLOBE DEVELOPMENTS LIMITED






































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LANGLOBE DEVELOPMENTS LIMITED
REGISTERED NUMBER:7450708



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
583
1,164

Investments
 5 
1
1

  
584
1,165

Current assets
  

Debtors: amounts falling due after more than one year
 6 
650,000
650,000

Debtors: amounts falling due within one year
 6 
2,285,289
1,784,454

Cash at bank and in hand
  
522,161
130,243

  
3,457,450
2,564,697

Creditors: amounts falling due within one year
 7 
(2,342,120)
(1,329,441)

Net current assets
  
 
 
1,115,330
 
 
1,235,256

Total assets less current liabilities
  
1,115,914
1,236,421

  

Net assets
  
1,115,914
1,236,421


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,115,814
1,236,321

  
1,115,914
1,236,421


Page 1

 


LANGLOBE DEVELOPMENTS LIMITED
REGISTERED NUMBER:7450708


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers 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 director acknowledges his 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 by: 




C V Lanitis
Director

Date: 29 August 2024

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

Page 2

 


LANGLOBE DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Langlobe Developments Limited is a private company, limited by shares, registered in England and Wales, company registration number 07450708. The registered office is 3rd Floor, 126-134 Baker Street, London, W1U 6UE.
The Company's functional and presentational currency is GBP.

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 following principal accounting policies have been applied:

  
2.2

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 generated through property development and consultancy and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
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 reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33.33 on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 


LANGLOBE DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

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 Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

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.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).

Page 4

 


LANGLOBE DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 December 2022
5,908



At 30 November 2023

5,908



Depreciation


At 1 December 2022
4,744


Charge for the year on owned assets
581



At 30 November 2023

5,325



Net book value



At 30 November 2023
583



At 30 November 2022
1,164


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2022
1



At 30 November 2023
1




Page 5

 


LANGLOBE DEVELOPMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
650,000
650,000

650,000
650,000


2023
2022
£
£

Due within one year

Other debtors
2,280,373
1,779,539

Prepayments and accrued income
4,916
4,915

2,285,289
1,784,454



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
373
373

Corporation tax
-
4,653

Other taxation and social security
3,137
3,227

Other creditors
2,334,547
1,310,925

Accruals and deferred income
4,063
10,263

2,342,120
1,329,441



8.


Related party transactions

As at 30 November 2023,  the company owed companies with a common shareholder and director £145,069 (2022: £145,561). The balance is repayable on demand with no interest being charged.
As at 30 November 2023, there is an amount due from a companies under common control of £2,276,144 (2022: £1,777,499). The balance is repayable on demand with no interest being charged.

 
Page 6