Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312truefalsefalse2No description of principal activity2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13450404 2023-01-01 2023-12-31 13450404 2022-01-01 2022-12-31 13450404 2023-12-31 13450404 2022-12-31 13450404 c:Director2 2023-01-01 2023-12-31 13450404 d:FreeholdInvestmentProperty 2023-12-31 13450404 d:FreeholdInvestmentProperty 2022-12-31 13450404 d:CurrentFinancialInstruments 2023-12-31 13450404 d:CurrentFinancialInstruments 2022-12-31 13450404 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13450404 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13450404 d:ShareCapital 2023-12-31 13450404 d:ShareCapital 2022-12-31 13450404 d:RetainedEarningsAccumulatedLosses 2023-12-31 13450404 d:RetainedEarningsAccumulatedLosses 2022-12-31 13450404 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13450404 c:OrdinaryShareClass1 2023-12-31 13450404 c:OrdinaryShareClass1 2022-12-31 13450404 c:FRS102 2023-01-01 2023-12-31 13450404 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13450404 c:FullAccounts 2023-01-01 2023-12-31 13450404 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13450404 2 2023-01-01 2023-12-31 13450404 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13450404









GLADE CLAPHAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GLADE CLAPHAM LIMITED
REGISTERED NUMBER: 13450404

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
9,870,293
9,870,293

  
9,870,293
9,870,293

Current assets
  

Cash at bank and in hand
 5 
386,795
212,256

  
386,795
212,256

Creditors: amounts falling due within one year
 6 
(11,416,589)
(10,542,080)

Net current liabilities
  
 
 
(11,029,794)
 
 
(10,329,824)

Total assets less current liabilities
  
(1,159,501)
(459,531)

  

Net liabilities
  
(1,159,501)
(459,531)


Capital and reserves
  

Called up share capital 
 7 
2
1

Profit and loss account
  
(1,159,503)
(459,532)

  
(1,159,501)
(459,531)


Page 1

 
GLADE CLAPHAM LIMITED
REGISTERED NUMBER: 13450404
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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: 




I Moskovich
Director

Date: 20 August 2024

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

Page 2

 
GLADE CLAPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Glade Clapham Limited is a private company limited by shares and is incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH (Registered number 13450404).

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
GLADE CLAPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
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.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 4

 
GLADE CLAPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
9,870,293



At 31 December 2023
9,870,293

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
9,870,293
9,870,293

9,870,293
9,870,293


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
386,795
212,256

386,795
212,256



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
42,019

Amounts owed to group undertakings
11,189,484
10,306,581

Other taxation and social security
61,428
27,803

Accruals and deferred income
165,677
165,677

11,416,589
10,542,080


Page 5

 
GLADE CLAPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 1) Ordinary Share shares of £1.00 each
2
1


1 Ordinary share was issued during the year at a nominal value of £1.

 
Page 6