Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-313The principal activity of the company is that of property investment.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32023-01-01falsetruetrue 08767401 2023-01-01 2023-12-31 08767401 2022-01-01 2022-12-31 08767401 2023-12-31 08767401 2022-12-31 08767401 c:Director3 2023-01-01 2023-12-31 08767401 d:FreeholdInvestmentProperty 2023-12-31 08767401 d:FreeholdInvestmentProperty 2022-12-31 08767401 d:CurrentFinancialInstruments 2023-12-31 08767401 d:CurrentFinancialInstruments 2022-12-31 08767401 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08767401 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08767401 d:ShareCapital 2023-12-31 08767401 d:ShareCapital 2022-12-31 08767401 d:RetainedEarningsAccumulatedLosses 2023-12-31 08767401 d:RetainedEarningsAccumulatedLosses 2022-12-31 08767401 c:FRS102 2023-01-01 2023-12-31 08767401 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08767401 c:FullAccounts 2023-01-01 2023-12-31 08767401 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08767401 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08767401










SEYMORE MEWS MC LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SEYMORE MEWS MC LIMITED
REGISTERED NUMBER: 08767401

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
67,049
67,049

  
67,049
67,049

Current assets
  

Debtors: amounts falling due within one year
 5 
825
1,650

Cash at bank and in hand
  
3,602
2,614

  
4,427
4,264

Creditors: amounts falling due within one year
 6 
(69,170)
(69,102)

Net current liabilities
  
 
 
(64,743)
 
 
(64,838)

Total assets less current liabilities
  
2,306
2,211

  

Net assets
  
2,306
2,211


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
2,296
2,201

  
2,306
2,211


Page 1

 
SEYMORE MEWS MC LIMITED
REGISTERED NUMBER: 08767401
    
BALANCE SHEET (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 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 by: 



R Flook
Director

Date: 17 September 2024

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

Page 2

 
SEYMORE MEWS MC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Seymore Mews MC Limited is a private company limited by shares and registered in England and Wales (08767401). The registered office address is Apartment 2 Seymore Mews, New Cross Road, London, SE14 6LS.

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

Revenue represents ground rent and is recognised to the extent that it is probably 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.

 
2.3

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.

 
2.4

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.

 
2.5

Debtors

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

 
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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of
Page 3

 
SEYMORE MEWS MC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

FRS 102 to all of its financial instruments.

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 receipts 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 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 3 (2022 - 3).

Page 4

 
SEYMORE MEWS MC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
67,049



At 31 December 2023
67,049

The 2023 valuations were made by the directors.







5.


Debtors

2023
2022
£
£


Trade debtors
825
825

Other debtors
-
825

825
1,650



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
60
60

Corporation tax
22
44

Other creditors
66,940
66,940

Accruals and deferred income
2,148
2,058

69,170
69,102



7.


Related party transactions

Included in other creditors is an interest free loan to the value of £66,940 (2022 - £66,940) owed to shareholders. Included within that balance are amounts due to directors amounting to £20,022 (2022 - £20,022).

 
Page 5