Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30falsetruefalsetrue11provision of property management and consultancy services2022-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03093905 2022-10-01 2023-09-30 03093905 2021-10-01 2022-09-30 03093905 2023-09-30 03093905 2022-09-30 03093905 c:Director1 2022-10-01 2023-09-30 03093905 d:CurrentFinancialInstruments 2023-09-30 03093905 d:CurrentFinancialInstruments 2022-09-30 03093905 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03093905 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 03093905 d:ShareCapital 2023-09-30 03093905 d:ShareCapital 2022-09-30 03093905 d:RetainedEarningsAccumulatedLosses 2023-09-30 03093905 d:RetainedEarningsAccumulatedLosses 2022-09-30 03093905 c:OrdinaryShareClass1 2022-10-01 2023-09-30 03093905 c:OrdinaryShareClass1 2023-09-30 03093905 c:FRS102 2022-10-01 2023-09-30 03093905 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03093905 c:FullAccounts 2022-10-01 2023-09-30 03093905 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03093905 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03093905










SHOP & COMMERCIAL PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
SHOP & COMMERCIAL PROPERTIES LIMITED
REGISTERED NUMBER: 03093905

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,187,641
1,158,021

Cash at bank and in hand
 5 
9,716
3,271

  
1,197,357
1,161,292

Creditors: amounts falling due within one year
 6 
(17,733)
(19,705)

Net current assets
  
 
 
1,179,624
 
 
1,141,587

  

Net assets
  
1,179,624
1,141,587


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,179,524
1,141,487

  
1,179,624
1,141,587


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: 




B R Galan
Director

Date: 10 September 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
SHOP & COMMERCIAL PROPERTIES LIMITED
 

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

1.


General information

Shop & Commercial Properties Limited is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 29 Broad Walk, London, N21 3BU.
The functional and presentational currency of the company is considered to be Pound 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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

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.

 
2.4

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

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 2

 
SHOP & COMMERCIAL PROPERTIES LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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

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 payments 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 3

 
SHOP & COMMERCIAL PROPERTIES LIMITED
 

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

2.Accounting policies (continued)


2.8
Financial instruments (continued)

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 - 1).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,187,457
1,157,767

Prepayments and accrued income
184
254

1,187,641
1,158,021



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,716
3,271



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,008

Corporation tax
10,602
11,688

Other taxation and social security
1,743
1,729

Accruals and deferred income
5,388
5,280

17,733
19,705



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1 each
100
100


Page 4

 
SHOP & COMMERCIAL PROPERTIES LIMITED
 

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

8.


Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.


9.


Controlling party

The immediate and ultimate parent company is Mellawood Properties Limited, a company registered in England and Wales. The address of its registered office is 29 Broad Walk, London, N21 3BU.


Page 5