Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2022-07-04No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14214061 2022-07-03 14214061 2022-07-04 2023-12-31 14214061 2022-01-01 2022-07-03 14214061 2023-12-31 14214061 c:Director2 2022-07-04 2023-12-31 14214061 d:MotorVehicles 2022-07-04 2023-12-31 14214061 d:MotorVehicles 2023-12-31 14214061 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-04 2023-12-31 14214061 d:FurnitureFittings 2022-07-04 2023-12-31 14214061 d:FurnitureFittings 2023-12-31 14214061 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-04 2023-12-31 14214061 d:OtherPropertyPlantEquipment 2022-07-04 2023-12-31 14214061 d:OtherPropertyPlantEquipment 2023-12-31 14214061 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-07-04 2023-12-31 14214061 d:OwnedOrFreeholdAssets 2022-07-04 2023-12-31 14214061 d:CurrentFinancialInstruments 2023-12-31 14214061 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14214061 d:ShareCapital 2022-07-04 2023-12-31 14214061 d:ShareCapital 2023-12-31 14214061 d:RetainedEarningsAccumulatedLosses 2022-07-04 2023-12-31 14214061 d:RetainedEarningsAccumulatedLosses 2023-12-31 14214061 c:FRS102 2022-07-04 2023-12-31 14214061 c:AuditExemptWithAccountantsReport 2022-07-04 2023-12-31 14214061 c:FullAccounts 2022-07-04 2023-12-31 14214061 c:PrivateLimitedCompanyLtd 2022-07-04 2023-12-31 14214061 e:PoundSterling 2022-07-04 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14214061









COVE VALLEY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
COVE VALLEY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COVE VALLEY LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cove Valley Limited for the period ended 31 December 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Cove Valley Limited, as a body, in accordance with the terms of our engagement letter dated 05/07/2022Our work has been undertaken solely to prepare for your approval the financial statements of Cove Valley Limited and state those matters that we have agreed to state to the Board of Directors of Cove Valley Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cove Valley Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Cove Valley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cove Valley Limited. You consider that Cove Valley Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Cove Valley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Harris & Trotter LLP
 
101 New Cavendish Street
1st Floor South
London
United Kingdom
W1W 6XH
18 September 2024
Page 1

 
COVE VALLEY LIMITED
REGISTERED NUMBER: 14214061

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
631,160

  
631,160

Current assets
  

Debtors: amounts falling due within one year
 5 
6,182

Cash at bank and in hand
 6 
17,405

  
23,587

Creditors: amounts falling due within one year
 7 
(746,957)

Net current (liabilities)/assets
  
 
 
(723,370)

Total assets less current liabilities
  
(92,210)

  

Net (liabilities)/assets
  
(92,210)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(92,212)

  
(92,210)


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 period 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 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 18 September 2024.




Page 2

 
COVE VALLEY LIMITED
REGISTERED NUMBER: 14214061
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

B Horne
Director

The notes on pages 4 to 7 form part of these financial statements.





Loss for the period
-
(92,212)
(92,212)


Shares issued during the period
2
-
2



At 31 December 2023
2
(92,212)
(92,210)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
COVE VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Cove Valley Limited is a private company limited by shares and incorporated in England and Wales. Its
registered office is  45 Welbeck street,London, N1G 8DZ.
The financial statements are presented in Sterling, which is the functional 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 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

The Director has ensured that there are sufficient funds available

 
2.3

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:

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.

 
2.4

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.

Page 4

 
COVE VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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
-
33%
straight line
Fixtures and fittings
-
25%
straight line
Buildings
-
5%
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.

 
2.5

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.

 
2.6

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. 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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
COVE VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Buildings
Total

£
£
£
£



Cost or valuation


Additions
16,083
83,269
580,944
680,296



At 31 December 2023

16,083
83,269
580,944
680,296



Depreciation


Charge for the period on owned assets
5,807
14,132
29,197
49,136



At 31 December 2023

5,807
14,132
29,197
49,136



Net book value



At 31 December 2023
10,276
69,137
551,747
631,160


5.


Debtors

2023
£


Other debtors
6,182

6,182



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
17,405

17,405


Page 6

 
COVE VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
5,398

Other creditors
728,821

Accruals and deferred income
12,738

746,957


 
Page 7