Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02066406 2023-04-01 2024-03-31 02066406 2022-04-01 2023-03-31 02066406 2024-03-31 02066406 2023-03-31 02066406 c:Director2 2023-04-01 2024-03-31 02066406 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 02066406 d:Buildings d:ShortLeaseholdAssets 2024-03-31 02066406 d:Buildings d:ShortLeaseholdAssets 2023-03-31 02066406 d:PlantMachinery 2023-04-01 2024-03-31 02066406 d:PlantMachinery 2024-03-31 02066406 d:PlantMachinery 2023-03-31 02066406 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02066406 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02066406 d:CurrentFinancialInstruments 2024-03-31 02066406 d:CurrentFinancialInstruments 2023-03-31 02066406 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02066406 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02066406 d:ShareCapital 2024-03-31 02066406 d:ShareCapital 2023-03-31 02066406 d:RetainedEarningsAccumulatedLosses 2024-03-31 02066406 d:RetainedEarningsAccumulatedLosses 2023-03-31 02066406 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02066406 c:OrdinaryShareClass1 2024-03-31 02066406 c:OrdinaryShareClass1 2023-03-31 02066406 c:FRS102 2023-04-01 2024-03-31 02066406 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02066406 c:FullAccounts 2023-04-01 2024-03-31 02066406 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02066406 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02066406









FLAXRAVEN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FLAXRAVEN LIMITED
REGISTERED NUMBER: 02066406

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,603
11,986

  
10,603
11,986

Current assets
  

Debtors: amounts falling due within one year
 5 
42,598
40,701

Cash at bank and in hand
  
878
1,000

  
43,476
41,701

Creditors: amounts falling due within one year
 6 
(13,632)
(34,131)

Net current assets
  
 
 
29,844
 
 
7,570

Total assets less current liabilities
  
40,447
19,556

  

Net assets
  
40,447
19,556


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
40,347
19,456

  
40,447
19,556


Page 1

 
FLAXRAVEN LIMITED
REGISTERED NUMBER: 02066406
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 profit and loss account 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 on 3 September 2024.




Mrs K M Siew
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FLAXRAVEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


STATUTORY INFORMATION

Flaxraven Limited is a private company limited by shares and registered in England & Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.
Turnover represents rent receivable.

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Short-term leasehold property
-
Equal instalments over period of lease
Plant and machinery
-
15% on reducing balance

 
2.4

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.

 
2.5

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.

Page 3

 
FLAXRAVEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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 reporting date in the countries where the Company operates and generates income.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
258,862
1,267
260,129



At 31 March 2024

258,862
1,267
260,129



Depreciation


At 1 April 2023
246,881
1,261
248,142


Charge for the year on owned assets
1,383
1
1,384



At 31 March 2024

248,264
1,262
249,526



Net book value



At 31 March 2024
10,598
5
10,603



At 31 March 2023
11,980
6
11,986

Page 4

 
FLAXRAVEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
16,280
37,979

Amounts owed by group undertakings
23,596
-

Prepayments and accrued income
2,722
2,722

42,598
40,701



6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
19,710

Corporation tax
5,224
6,013

Other creditors
5,875
5,875

Accruals and deferred income
2,533
2,533

13,632
34,131



7.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


RELATED PARTY TRANSACTIONS

Rent of £100,000 (2023: £100,000) was paid to the parent company, Oriental Park Limited, during the year. In addition, the company collected insurance and ground rents on behalf of Oriental Park Limited amounting to £9,333 (2023: £13,609) which was passed on in full. At the year end, the company was owed £23,596 from Oriental Park Limited, which is included within other debtors.


9.


CONTROLLING PARTY

The immediate parent undertaking is Oriental Park Limited, a company incorporated in Hong Kong. 

 
Page 5