Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-302023-12-303No description of principal activity2022-12-31false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01028336 2022-12-31 2023-12-30 01028336 2021-12-31 2022-12-30 01028336 2023-12-30 01028336 2022-12-30 01028336 c:Director4 2022-12-31 2023-12-30 01028336 d:FreeholdInvestmentProperty 2023-12-30 01028336 d:FreeholdInvestmentProperty 2022-12-30 01028336 d:CurrentFinancialInstruments 2023-12-30 01028336 d:CurrentFinancialInstruments 2022-12-30 01028336 d:Non-currentFinancialInstruments 2023-12-30 01028336 d:Non-currentFinancialInstruments 2022-12-30 01028336 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 01028336 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 01028336 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-30 01028336 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-30 01028336 d:ShareCapital 2023-12-30 01028336 d:ShareCapital 2022-12-30 01028336 d:SharePremium 2023-12-30 01028336 d:SharePremium 2022-12-30 01028336 d:RetainedEarningsAccumulatedLosses 2023-12-30 01028336 d:RetainedEarningsAccumulatedLosses 2022-12-30 01028336 c:FRS102 2022-12-31 2023-12-30 01028336 c:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 01028336 c:FullAccounts 2022-12-31 2023-12-30 01028336 c:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 01028336 d:OtherDeferredTax 2023-12-30 01028336 d:OtherDeferredTax 2022-12-30 01028336 2 2022-12-31 2023-12-30 01028336 e:PoundSterling 2022-12-31 2023-12-30 iso4217:GBP xbrli:pure

Registered number: 01028336









FETTISHAW PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2023

 
FETTISHAW PROPERTIES LIMITED
REGISTERED NUMBER: 01028336

BALANCE SHEET
AS AT 30 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
4,294,276
4,294,276

  
4,294,276
4,294,276

Current assets
  

Debtors: amounts falling due within one year
 5 
140,426
169,624

Cash at bank and in hand
 6 
52,606
59,135

  
193,032
228,759

Creditors: amounts falling due within one year
 7 
(2,322,846)
(2,115,862)

Net current liabilities
  
 
 
(2,129,814)
 
 
(1,887,103)

Total assets less current liabilities
  
2,164,462
2,407,173

Creditors: amounts falling due after more than one year
 8 
(1,010,000)
(1,010,000)

Provisions for liabilities
  

Deferred tax
 9 
(120,335)
(120,335)

  
 
 
(120,335)
 
 
(120,335)

Net assets
  
1,034,127
1,276,838


Capital and reserves
  

Called up share capital 
  
8,372
8,372

Share premium account
  
534,870
534,870

Profit and loss account
  
490,885
733,596

  
1,034,127
1,276,838


Page 1

 
FETTISHAW PROPERTIES LIMITED
REGISTERED NUMBER: 01028336
    
BALANCE SHEET (CONTINUED)
AS AT 30 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 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: 




P H Coward
Director

Date: 10 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FETTISHAW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1.


General information

Fettishaw Properties Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is that of the letting of investment properties.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of property rental. 

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

Page 3

 
FETTISHAW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment properties are included in the balance sheet at their open market value. No depreciation
is provided. Changes in fair value are recognised in the Statement of Income and Retained
Earnings.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
FETTISHAW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

4.


Investment property


Freehold investment properties

£



Valuation


At 31 December 2022
4,294,276



At 30 December 2023
4,294,276

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
3,780,676
3,780,676

3,780,676
3,780,676

Page 5

 
FETTISHAW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
50,130
65,828

Other debtors
90,296
103,796

140,426
169,624



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
52,606
59,135

52,606
59,135



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
(26,950)
4,350

Corporation tax
-
329

Other taxation and social security
22,338
24,369

Other creditors
2,324,458
2,083,814

Accruals and deferred income
3,000
3,000

2,322,846
2,115,862



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
1,010,000
1,010,000

1,010,000
1,010,000


Page 6

 
FETTISHAW PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

9.


Deferred taxation




2023


£






At beginning of year
(120,335)



At end of year
(120,335)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Revaluation of investment properties
(120,335)
(120,335)

(120,335)
(120,335)

 
Page 7