Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05falseOther financial service activities2023-04-0603truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00790141 2023-04-06 2024-04-05 00790141 2022-04-06 2023-04-05 00790141 2024-04-05 00790141 2023-04-05 00790141 2022-04-06 00790141 c:Director2 2023-04-06 2024-04-05 00790141 d:PlantMachinery 2023-04-06 2024-04-05 00790141 d:PlantMachinery 2024-04-05 00790141 d:PlantMachinery 2023-04-05 00790141 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 00790141 d:MotorVehicles 2023-04-06 2024-04-05 00790141 d:MotorVehicles 2024-04-05 00790141 d:MotorVehicles 2023-04-05 00790141 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 00790141 d:FurnitureFittings 2023-04-06 2024-04-05 00790141 d:FurnitureFittings 2024-04-05 00790141 d:FurnitureFittings 2023-04-05 00790141 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 00790141 d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 00790141 d:FreeholdInvestmentProperty 2024-04-05 00790141 d:FreeholdInvestmentProperty 2023-04-05 00790141 d:CurrentFinancialInstruments 2024-04-05 00790141 d:CurrentFinancialInstruments 2023-04-05 00790141 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 00790141 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 00790141 d:ShareCapital 2024-04-05 00790141 d:ShareCapital 2023-04-05 00790141 d:CapitalRedemptionReserve 2024-04-05 00790141 d:CapitalRedemptionReserve 2023-04-05 00790141 d:RevaluationReserve 2024-04-05 00790141 d:RevaluationReserve 2023-04-05 00790141 d:RetainedEarningsAccumulatedLosses 2024-04-05 00790141 d:RetainedEarningsAccumulatedLosses 2023-04-05 00790141 c:OrdinaryShareClass1 2023-04-06 2024-04-05 00790141 c:OrdinaryShareClass1 2024-04-05 00790141 c:OrdinaryShareClass1 2023-04-05 00790141 c:OrdinaryShareClass2 2023-04-06 2024-04-05 00790141 c:OrdinaryShareClass2 2024-04-05 00790141 c:OrdinaryShareClass2 2023-04-05 00790141 c:OrdinaryShareClass3 2023-04-06 2024-04-05 00790141 c:OrdinaryShareClass3 2023-04-05 00790141 c:FRS102 2023-04-06 2024-04-05 00790141 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 00790141 c:FullAccounts 2023-04-06 2024-04-05 00790141 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 00790141 d:AcceleratedTaxDepreciationDeferredTax 2024-04-05 00790141 d:AcceleratedTaxDepreciationDeferredTax 2023-04-05 00790141 2 2023-04-06 2024-04-05 00790141 5 2023-04-06 2024-04-05 00790141 6 2023-04-06 2024-04-05 00790141 e:PoundSterling 2023-04-06 2024-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00790141









A KING (INVESTMENTS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2024

 
A KING (INVESTMENTS) LIMITED
REGISTERED NUMBER: 00790141

BALANCE SHEET
AS AT 5 APRIL 2024

2024
As restated 2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
11,779
14,546

Investment property
 6 
13,500,000
13,500,000

  
13,511,779
13,514,546

Current assets
  

Debtors: amounts falling due within one year
 7 
120,161
118,196

Cash at bank and in hand
  
1,466,179
1,505,775

  
1,586,340
1,623,971

Creditors: amounts falling due within one year
 8 
(172,861)
(168,128)

Net current assets
  
 
 
1,413,479
 
 
1,455,843

Total assets less current liabilities
  
14,925,258
14,970,389

Provisions for liabilities
  

Deferred tax
 9 
(2,462,772)
(2,460,428)

  
 
 
(2,462,772)
 
 
(2,460,428)

Net assets
  
12,462,486
12,509,961


Capital and reserves
  

Called up share capital 
 10 
7,890
7,890

Revaluation reserve
  
11,013,185
11,013,185

Capital redemption reserve
  
7,674
7,674

Profit and loss account
  
1,433,737
1,481,212

  
12,462,486
12,509,961


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 comprehensive income in accordance with provisions
Page 1

 
A KING (INVESTMENTS) LIMITED
REGISTERED NUMBER: 00790141
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

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: 




A King
Director

Date: 13 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
A KING (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

A King (Investments) Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.3

Interest income

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

Page 3

 
A KING (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

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

 
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.

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:

Plant & machinery
-
15% per annum reducing balance method
Motor vehicles
-
25% per annum reducing balance method
Fixtures & fittings
-
15% per annum reducing balance method

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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.

Page 4

 
A KING (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
A KING (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 3).


5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 6 April 2023
3,750
25,199
24,572
53,521



At 5 April 2024

3,750
25,199
24,572
53,521



Depreciation


At 6 April 2023
2,881
19,344
16,750
38,975


Charge for the year on owned assets
130
1,464
1,173
2,767



At 5 April 2024

3,011
20,808
17,923
41,742



Net book value



At 5 April 2024
739
4,391
6,649
11,779



At 5 April 2023
869
5,855
7,822
14,546

Page 6

 
A KING (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

6.


Investment property


Freehold investment property

£



Valuation


At 6 April 2023
13,500,000



At 5 April 2024
13,500,000

The 2024 valuations were made by G King, a Director of the Company, on an open market value for existing use basis.






7.


Debtors

2024
2023
£
£


Other debtors
120,161
118,196

120,161
118,196



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
467
2,361

Trade creditors
59,255
40,686

Corporation tax
51,594
86,018

Other taxation and social security
-
1,622

Other creditors
1,322
1,322

Accruals and deferred income
60,223
36,119

172,861
168,128


Page 7

 
A KING (INVESTMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(2,460,428)
(889,440)


Charged to profit or loss
(2,344)
(1,570,988)



At end of year
(2,462,772)
(2,460,428)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation on Investment Properties
(2,462,772)
(2,460,428)

(2,462,772)
(2,460,428)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,095 (2023 - 4,095) Ordinary shares of £1 each
4,095
4,095
1,897 (2023 - 1,897) Ordinary 'A' shares of £1 each
1,897
1,897
Enter number (2023 - 1,898) Ordinary 'C' shares of £1 each
1,898
1,898

7,890

7,890



11.


Related party transactions

Included within Other creditors is a Director's loan balance of £1,322 (2023:£1,322) owed by the Company.
Inlcuded within Other debtors is a Director's loan balance of £89,108 (2023:£88,371) owed to the Company.


12.


Prior period adjustment

The financial statements have been restated to incorporate the impact of the deferred tax adjustment to the revaluation reserve in prior period.

 
Page 8