Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseInvestment company1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10784523 2023-01-01 2023-12-31 10784523 2022-01-01 2022-12-31 10784523 2023-12-31 10784523 2022-12-31 10784523 c:Director1 2023-01-01 2023-12-31 10784523 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 10784523 d:FreeholdInvestmentProperty 2023-12-31 10784523 d:FreeholdInvestmentProperty 2022-12-31 10784523 d:CurrentFinancialInstruments 2023-12-31 10784523 d:CurrentFinancialInstruments 2022-12-31 10784523 d:Non-currentFinancialInstruments 2023-12-31 10784523 d:Non-currentFinancialInstruments 2022-12-31 10784523 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10784523 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10784523 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10784523 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10784523 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 10784523 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 10784523 d:ShareCapital 2023-12-31 10784523 d:ShareCapital 2022-12-31 10784523 d:OtherMiscellaneousReserve 2023-12-31 10784523 d:OtherMiscellaneousReserve 2022-12-31 10784523 d:RetainedEarningsAccumulatedLosses 2023-12-31 10784523 d:RetainedEarningsAccumulatedLosses 2022-12-31 10784523 c:FRS102 2023-01-01 2023-12-31 10784523 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10784523 c:FullAccounts 2023-01-01 2023-12-31 10784523 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10784523 2 2023-01-01 2023-12-31 10784523 6 2023-01-01 2023-12-31 10784523 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10784523










BICKLEY PARK CAPITAL LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BICKLEY PARK CAPITAL LTD
REGISTERED NUMBER: 10784523

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
783,448
775,868

Investment property
 6 
1,840,841
1,811,641

  
2,624,289
2,587,509

Current assets
  

Debtors: amounts falling due within one year
 7 
3,867
7,323

Cash at bank and in hand
  
109,315
43,470

  
113,182
50,793

Creditors: amounts falling due within one year
 8 
(1,566,598)
(1,534,798)

Net current liabilities
  
 
 
(1,453,416)
 
 
(1,484,005)

Total assets less current liabilities
  
1,170,873
1,103,504

Creditors: amounts falling due after more than one year
 9 
(1,059,000)
(1,059,000)

Provisions for liabilities
  

Deferred tax
  
(2,926)
(2,926)

  
 
 
(2,926)
 
 
(2,926)

Net assets
  
108,947
41,578


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
  
8,779
8,779

Profit and loss account
  
100,068
32,699

  
108,947
41,578


Page 1

 
BICKLEY PARK CAPITAL LTD
REGISTERED NUMBER: 10784523
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 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: 



Mr C G Brandtner
Director

Date: 25 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bickley Park Capital Ltd is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, ME14 5DA.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The balance sheet shows a significant net current liability position as a result of amounts due to the director and a company under common ownership. The director has confirmed that these balances will not become due for repayment until such time as Bickley Park Capital Ltd has the funds to repay the loans. Therefore, the director believes it correct to prepare the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

Page 4

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Valuation of investments

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.

 
2.11

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.

Page 5

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Page 6

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 7

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2023
775,868


Additions
1,271,185


Disposals
(1,266,267)


Revaluations
2,662



At 31 December 2023
783,448





6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,811,641


Additions at cost
29,200



At 31 December 2023
1,840,841

The 2023 valuations were made by the director, on an open market value for existing use basis.







7.


Debtors

2023
2022
£
£


Prepayments and accrued income
3,867
7,323

3,867
7,323


Page 8

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
12,871
12,311

Other loans
476,080
480,444

Other taxation and social security
7,012
15,720

Other creditors
1,066,555
1,015,474

Accruals and deferred income
4,080
10,849

1,566,598
1,534,798



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
1,059,000
1,059,000

1,059,000
1,059,000

The following liabilities were secured:

2023
2022
£
£



Other loans
1,059,000
1,059,000

1,059,000
1,059,000

Details of security provided:

Legal charges containing fixed & floating charges and negative pledges, were registered against investment properties held by the Company.
The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable other than by instalments
1,059,000
1,059,000

1,059,000
1,059,000

The above liabilities are made up of three mortgages on 10 year fixed rates which are repayable between 11 December 2030 and 9 December 2031 and interest is payable at rates of 1.94%, 2.45% and 2.53% per annum respectively.

Page 9

 
BICKLEY PARK CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
476,080
480,444



Amounts falling due after more than 5 years

Other loans
1,059,000
1,059,000

1,535,080
1,539,444


 
Page 10