Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2falsetrueNo description of principal activity2022-12-09false 14531988 2022-12-08 14531988 2022-12-09 2023-12-31 14531988 2022-01-01 2022-12-08 14531988 2023-12-31 14531988 c:Director1 2022-12-09 2023-12-31 14531988 d:Buildings 2022-12-09 2023-12-31 14531988 d:Buildings 2023-12-31 14531988 d:Buildings d:OwnedOrFreeholdAssets 2022-12-09 2023-12-31 14531988 d:MotorVehicles 2022-12-09 2023-12-31 14531988 d:MotorVehicles 2023-12-31 14531988 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-09 2023-12-31 14531988 d:OfficeEquipment 2022-12-09 2023-12-31 14531988 d:OfficeEquipment 2023-12-31 14531988 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-09 2023-12-31 14531988 d:OwnedOrFreeholdAssets 2022-12-09 2023-12-31 14531988 d:CurrentFinancialInstruments 2023-12-31 14531988 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14531988 d:ShareCapital 2023-12-31 14531988 d:SharePremium 2023-12-31 14531988 d:RetainedEarningsAccumulatedLosses 2023-12-31 14531988 c:FRS102 2022-12-09 2023-12-31 14531988 c:AuditExempt-NoAccountantsReport 2022-12-09 2023-12-31 14531988 c:FullAccounts 2022-12-09 2023-12-31 14531988 c:PrivateLimitedCompanyLtd 2022-12-09 2023-12-31 14531988 2 2022-12-09 2023-12-31 14531988 e:PoundSterling 2022-12-09 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14531988









SINGLEWELL PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
SINGLEWELL PROPERTY LIMITED
REGISTERED NUMBER: 14531988

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
990,321

  
990,321

Current assets
  

Debtors: amounts falling due within one year
 5 
32,007

Cash at bank and in hand
  
125,192

  
157,199

Creditors: amounts falling due within one year
 6 
(1,004,315)

Net current (liabilities)/assets
  
 
 
(847,116)

Total assets less current liabilities
  
143,205

  

Net assets
  
143,205


Capital and reserves
  

Called up share capital 
  
4

Share premium account
  
124,150

Profit and loss account
  
19,051

  
143,205


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 period 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.
 
Page 1

 
SINGLEWELL PROPERTY LIMITED
REGISTERED NUMBER: 14531988
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2024.




S Dhariwal
Director

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

Page 2

 
SINGLEWELL PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Singlewell Property Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. Its registered office address is Leytonstone House, Leytonstone, London, E11 1GA.
The principal activity of the company from the date of commencement of trading on 29 May 2023 was that of commerical property letting.

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 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:

Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

 
SINGLEWELL PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 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:

Freehold property
-
Not depreciated
Motor vehicles
-
25%
on a reducing balance basis
Office equipment
-
25%
on a reducing balance basis

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 period was 2.

Page 4

 
SINGLEWELL PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
985,993
5,007
764
991,764



At 31 December 2023

985,993
5,007
764
991,764



Depreciation


Charge for the period on owned assets
-
1,252
191
1,443



At 31 December 2023

-
1,252
191
1,443



Net book value



At 31 December 2023
985,993
3,755
573
990,321


5.


Debtors

2023
£


Other debtors
32,007

32,007



6.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
2,936

Other creditors
1,000,179

Accruals and deferred income
1,200

1,004,315


Page 5

 
SINGLEWELL PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Related party transactions

At the year end, the company is owed from the directors £12,007.
At the year end the company owed Singlewell Service Centre Limited, a company which the directors have control £1,322,436.
At the year end the company was owed by Singlewell Car Sales Limited, a company which the directors have control £98,458.
At the year end the company was owed by Singlewell Consultancy Limited, a company which the directors have significant influence over £422,100.
At the year end the was owed by SRD Build Limited, a company which the directors have control £518.

 
Page 6