Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30Property development2022-12-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12049644 2022-12-01 2023-11-30 12049644 2021-12-01 2022-11-30 12049644 2023-11-30 12049644 2022-11-30 12049644 2021-12-01 12049644 c:Director2 2022-12-01 2023-11-30 12049644 d:FreeholdInvestmentProperty 2023-11-30 12049644 d:FreeholdInvestmentProperty 2022-11-30 12049644 d:CurrentFinancialInstruments 2023-11-30 12049644 d:CurrentFinancialInstruments 2022-11-30 12049644 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12049644 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12049644 d:ShareCapital 2023-11-30 12049644 d:ShareCapital 2022-11-30 12049644 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 12049644 d:RetainedEarningsAccumulatedLosses 2023-11-30 12049644 d:RetainedEarningsAccumulatedLosses 2022-11-30 12049644 d:OtherDeferredTax 2023-11-30 12049644 d:OtherDeferredTax 2022-11-30 12049644 c:OrdinaryShareClass1 2022-12-01 2023-11-30 12049644 c:OrdinaryShareClass1 2023-11-30 12049644 c:OrdinaryShareClass1 2022-11-30 12049644 c:FRS102 2022-12-01 2023-11-30 12049644 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12049644 c:FullAccounts 2022-12-01 2023-11-30 12049644 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12049644 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12049644














CLAYGATE HOUSE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2023

 
CLAYGATE HOUSE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
CLAYGATE HOUSE LIMITED
REGISTERED NUMBER:12049644

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
200,000
200,000

Current assets
  

Debtors: amounts falling due within one year
 5 
72,476
3,539,003

Bank and cash balances
  
301
1,813,927

  
72,777
5,352,930

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(134,794)
(5,368,830)

Net current liabilities
  
 
 
(62,017)
 
 
(15,900)

Total assets less current liabilities
  
137,983
184,100

Provisions for liabilities
  

Deferred tax
  
(47,500)
(47,500)

Net assets
  
90,483
136,600


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
90,383
136,500

  
90,483
136,600


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 her 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.

Page 1

 
CLAYGATE HOUSE LIMITED
REGISTERED NUMBER:12049644
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

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 on 30 September 2024.




K Singh
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CLAYGATE HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Claygate House Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office and principal place of business is at Cavendish House, 369 Burnt Oak Broadway, Edgware, Middlesex, HA8 5AW.
The principal activity of the Company during the year was that of property investment following the completion of the Company's property development in the previous financial year.
The functional and presentational currency of the Company is £ Sterling.

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

Going concern

After making enquiries, the director has a reasonable expectation that the Company will continue to receive support from the loan creditor as required and therefore will have adequate resources to continue to meet all of its liabilities as they fall due for at least twelve months from the date of her approval of these financial statements. Accordingly the director continues to adopt the going concern basis in preparing the annual report and financial statements.

 
2.3

Revenue

Turnover comprises of revenue recognised in respect of property sales, ground rents, lease premiums, and insurance recharges during the year, exclusive of Value Added Tax.
Property sales are recognised at the date of exchange of contracts. If completion is conditional upon an external event the sale is recognised at the time the transaction becomes unconditional.
Ground rents and insurance recharges are recognised in the period to which they relate. Lease premiums are recognised when the Company is entitled to receive the premium.

 
2.4

Investment property

Freehold reversionary interest in land is carried at fair value determined annually 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 the Statement of Comprehensive Income.

 
2.5

Financial instruments

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

Page 3

 
CLAYGATE HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Debtors

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

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

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.

 
2.9

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 Statement of Financial Position 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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).

Page 4

 
CLAYGATE HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Investment property


Freehold reversionary interest

£



Valuation


At 1 December 2022
200,000



At 30 November 2023
200,000

The 2023 valuation was made by the director on an open market value for existing use basis.







5.


Debtors

2023
2022
£
£


Trade debtors
6,750
-

Other debtors
42,515
3,539,003

Prepayments and accrued income
23,211
-

72,476
3,539,003



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
57,885
38,837

Other creditors
44,322
5,273,994

Accruals and deferred income
32,587
55,999

134,794
5,368,830


Page 5

 
CLAYGATE HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Deferred taxation




2023
2022


£

£






At beginning of year
47,500
-


Charged to profit or loss
-
47,500



At end of year
47,500
47,500

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value gain
47,500
47,500


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



9.


Reserves

Profit and loss account

The profit and loss account includes net fair value gains of £142,500 (2022 - £142,500) which are unrealised and not distributable. Consequently, the balance on the profit and loss account at the year end is not distributable.

 
Page 6