Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseasset management11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04275372 2022-09-01 2023-08-31 04275372 2021-09-01 2022-08-31 04275372 2023-08-31 04275372 2022-08-31 04275372 c:Director1 2022-09-01 2023-08-31 04275372 d:OfficeEquipment 2022-09-01 2023-08-31 04275372 d:OfficeEquipment 2023-08-31 04275372 d:OfficeEquipment 2022-08-31 04275372 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04275372 d:CurrentFinancialInstruments 2023-08-31 04275372 d:CurrentFinancialInstruments 2022-08-31 04275372 d:Non-currentFinancialInstruments 2023-08-31 04275372 d:Non-currentFinancialInstruments 2022-08-31 04275372 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04275372 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04275372 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04275372 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 04275372 d:ShareCapital 2023-08-31 04275372 d:ShareCapital 2022-08-31 04275372 d:RetainedEarningsAccumulatedLosses 2023-08-31 04275372 d:RetainedEarningsAccumulatedLosses 2022-08-31 04275372 c:FRS102 2022-09-01 2023-08-31 04275372 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04275372 c:FullAccounts 2022-09-01 2023-08-31 04275372 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04275372 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number:  04275372














KLIN PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023


 
KLIN PROPERTY LIMITED
REGISTERED NUMBER: 04275372

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,248
1,560

  
1,248
1,560

Current assets
  

Debtors: amounts falling due within one year
 5 
337,375
337,375

Cash at bank and in hand
 6 
100,921
100,921

  
438,296
438,296

Creditors: amounts falling due within one year
 7 
(135,928)
(130,714)

Net current assets
  
 
 
302,368
 
 
307,582

Total assets less current liabilities
  
303,616
309,142

Creditors: amounts falling due after more than one year
 8 
(39,082)
(39,082)

  

Net assets
  
264,534
270,060


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
264,532
270,058

  
264,534
270,060


Page 1

 
KLIN PROPERTY LIMITED
REGISTERED NUMBER: 04275372
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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 by: 


................................................
R Klin
Director

Date: 30 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company limited by share, which is incorporated under the Companies Act 2006 and registered in England (no. 04275372). The address of the registered office is 2 Devonshire Square, London, EC2M 4UJ.
These financial statements present information about the company as an individual undertaking. The principal activity of the company is that of an asset management company.

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

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

 
2.5

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.

Page 3

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees




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

Page 4

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2022
11,731



At 31 August 2023

11,731



Depreciation


At 1 September 2022
10,171


Charge for the year on owned assets
312



At 31 August 2023

10,483



Net book value



At 31 August 2023
1,248



At 31 August 2022
1,560

Page 5

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Other debtors
337,375
337,375

337,375
337,375



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100,921
100,921

100,921
100,921



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Corporation tax
57,294
57,294

Other creditors
53,470
53,470

Accruals and deferred income
15,164
9,950

135,928
130,714



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
39,082
39,082

39,082
39,082


Page 6

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
29,082
29,082


49,082
49,082


Page 7

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Deferred taxation


11.


Related party transactions

Included in other debtors is an amount of £90,638 (2022: £90,638) owed from Habitus Investments Limited, a company whom R Klin is a director and shareholder.
Also included in other debtors is an amount of £308,987 (2022: £308,987) owed from Klin Property Liverpool Limited, a company whom R Klin is a director and shareholder.


12.


Controlling party

The company is under the control of R Klin.

 
Page 8