Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The principal activity of the company continued to be that of sureveyors in the analysis and valuation of light.472023-01-01false48truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 8812250 2023-01-01 2023-12-31 8812250 2022-01-01 2022-12-31 8812250 2023-12-31 8812250 2022-12-31 8812250 c:Director1 2023-01-01 2023-12-31 8812250 c:Director2 2023-01-01 2023-12-31 8812250 c:Director3 2023-01-01 2023-12-31 8812250 c:Director4 2023-01-01 2023-12-31 8812250 c:Director5 2023-01-01 2023-12-31 8812250 c:Director7 2023-01-01 2023-12-31 8812250 c:Director8 2023-01-01 2023-12-31 8812250 c:RegisteredOffice 2023-01-01 2023-12-31 8812250 d:MotorVehicles 2023-01-01 2023-12-31 8812250 d:MotorVehicles 2023-12-31 8812250 d:MotorVehicles 2022-12-31 8812250 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 8812250 d:FurnitureFittings 2023-01-01 2023-12-31 8812250 d:FurnitureFittings 2023-12-31 8812250 d:FurnitureFittings 2022-12-31 8812250 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 8812250 d:OfficeEquipment 2023-01-01 2023-12-31 8812250 d:OfficeEquipment 2023-12-31 8812250 d:OfficeEquipment 2022-12-31 8812250 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 8812250 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 8812250 d:CurrentFinancialInstruments 2023-12-31 8812250 d:CurrentFinancialInstruments 2022-12-31 8812250 d:Non-currentFinancialInstruments 2023-12-31 8812250 d:Non-currentFinancialInstruments 2022-12-31 8812250 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 8812250 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 8812250 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 8812250 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 8812250 d:ShareCapital 2023-12-31 8812250 d:ShareCapital 2022-12-31 8812250 d:CapitalRedemptionReserve 2023-12-31 8812250 d:CapitalRedemptionReserve 2022-12-31 8812250 d:RetainedEarningsAccumulatedLosses 2023-12-31 8812250 d:RetainedEarningsAccumulatedLosses 2022-12-31 8812250 c:FRS102 2023-01-01 2023-12-31 8812250 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 8812250 c:FullAccounts 2023-01-01 2023-12-31 8812250 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 8812250 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 8812250 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 8812250 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 8812250 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 8812250 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 8812250







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


POINT2 SURVEYORS LIMITED






































img76f4.png                        

 


POINT2 SURVEYORS LIMITED
 


 
COMPANY INFORMATION


Directors
J Bolton 
A Cartmell 
L Dunford 
P Fletcher 
B Hood 
N Lane 
M Macpherson 




Registered number
8812250



Registered office
17 Slingsby Place

London

WC2E 9AB




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


POINT2 SURVEYORS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


POINT2 SURVEYORS LIMITED
REGISTERED NUMBER:8812250



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
203,415
295,341

  
203,415
295,341

Current assets
  

Debtors: amounts falling due after more than one year
 5 
128,496
128,496

Debtors: amounts falling due within one year
 5 
4,568,583
4,433,372

Bank and cash balances
  
83,315
196,996

  
4,780,394
4,758,864

Creditors: amounts falling due within one year
 6 
(3,771,747)
(3,855,639)

Net current assets
  
 
 
1,008,647
 
 
903,225

Total assets less current liabilities
  
1,212,062
1,198,566

Creditors: amounts falling due after more than one year
 7 
-
(4,579)

Provisions for liabilities
  

Deferred tax
  
(27,722)
(50,036)

  
 
 
(27,722)
 
 
(50,036)

Net assets
  
1,184,340
1,143,951


Capital and reserves
  

Called up share capital 
  
35
35

Capital redemption reserve
  
5
5

Profit and loss account
  
1,184,300
1,143,911

  
1,184,340
1,143,951


Page 1

 


POINT2 SURVEYORS LIMITED
REGISTERED NUMBER:8812250


    
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 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: 


A Cartmell
Director
Date: 26 September 2024

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

Page 2

 


POINT2 SURVEYORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Point2 Surveyors Limitied is a private company limited by shares, incorporated in England and Wales under the Companies Act 2006. The trading address is located on the Company Information page.
The accounts are presented in Sterling which is the funcitonal currency of the company.

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

The turnover shown in the profit and loss account represents amounts receivable for services provided during the year, exclusive of VAT.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


POINT2 SURVEYORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 reporting 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 reporting 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 reporting date.

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Office equipment
-
25%
Straight line

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.

 
2.8

Valuation of investments

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

Page 4

 


POINT2 SURVEYORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 47 (2022 - 48) .


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
24,380
683,646
253,405
961,431


Additions
-
47,905
17,798
65,703



At 31 December 2023

24,380
731,551
271,203
1,027,134



Depreciation


At 1 January 2023
19,298
468,007
178,785
666,090


Charge for the year on owned assets
5,082
106,143
46,404
157,629



At 31 December 2023

24,380
574,150
225,189
823,719



Net book value



At 31 December 2023
-
157,401
46,014
203,415



At 31 December 2022
5,082
215,639
74,620
295,341

Page 5

 


POINT2 SURVEYORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
128,496
128,496

128,496
128,496


2023
2022
£
£

Due within one year

Trade debtors
3,167,123
3,367,340

Other debtors
234,408
4,952

Prepayments and accrued income
936,030
800,071

Tax recoverable
231,022
261,009

4,568,583
4,433,372



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
103,600
232,621

Obligations under finance lease and hire purchase contracts
52,256
108,554

Other creditors
302,357
320,282

Accruals and deferred income
3,313,534
3,194,182

3,771,747
3,855,639



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
4,579

-
4,579


Page 6

 


POINT2 SURVEYORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
52,256
108,554

Between 1-5 years
-
4,579

52,256
113,133

 
Page 7