Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsefalse32023-08-01falsetrue3 14339356 2023-08-01 2023-12-31 14339356 2022-09-06 2023-07-31 14339356 2023-12-31 14339356 2023-07-31 14339356 c:Director3 2023-08-01 2023-12-31 14339356 d:FreeholdInvestmentProperty 2023-08-01 2023-12-31 14339356 d:FreeholdInvestmentProperty 2023-12-31 14339356 d:FreeholdInvestmentProperty 2023-07-31 14339356 d:CurrentFinancialInstruments 2023-12-31 14339356 d:CurrentFinancialInstruments 2023-07-31 14339356 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14339356 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14339356 d:ShareCapital 2023-12-31 14339356 d:ShareCapital 2023-07-31 14339356 d:RetainedEarningsAccumulatedLosses 2023-12-31 14339356 d:RetainedEarningsAccumulatedLosses 2023-07-31 14339356 c:OrdinaryShareClass1 2023-08-01 2023-12-31 14339356 c:OrdinaryShareClass1 2023-12-31 14339356 c:OrdinaryShareClass1 2023-07-31 14339356 c:FRS102 2023-08-01 2023-12-31 14339356 c:AuditExempt-NoAccountantsReport 2023-08-01 2023-12-31 14339356 c:FullAccounts 2023-08-01 2023-12-31 14339356 c:PrivateLimitedCompanyLtd 2023-08-01 2023-12-31 14339356 e:PoundSterling 2023-08-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14339356










ACCESS DEVELOPMENTS GROUP PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
ACCESS DEVELOPMENTS GROUP PROPERTIES LTD
REGISTERED NUMBER: 14339356

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
As restated
31 July
2023
2023
Note
£
£

Fixed assets
  

Investment property
 4 
5,942,686
4,894,069

  
5,942,686
4,894,069

Current assets
  

Debtors: amounts falling due within one year
 5 
14,638
100

Cash at bank and in hand
 6 
28,932
-

  
43,570
100

Creditors: amounts falling due within one year
 7 
(5,975,974)
(4,894,069)

Net current liabilities
  
 
 
(5,932,404)
 
 
(4,893,969)

Total assets less current liabilities
  
10,282
100

  

Net assets
  
10,282
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
10,182
-

  
10,282
100


Page 1

 
ACCESS DEVELOPMENTS GROUP PROPERTIES LTD
REGISTERED NUMBER: 14339356

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 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 by: 




Sarbjit Singh Saini
Director

Date: 2 October 2024

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

Page 2

 
ACCESS DEVELOPMENTS GROUP PROPERTIES LTD
 

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

1.


General information

Access Developments Group Properties Ltd is a private company, limited by shares and incorporated in England. The address of its registered office is Freshfield House, Beckley, Oxford, United Kingdom, OX3 9TG.

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

Revenue

Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.  

 
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. 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.

Page 3

 
ACCESS DEVELOPMENTS GROUP PROPERTIES LTD
 

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

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company ony 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 period was 3 (2023 - 3).


4.


Investment property





Freehold investment property

£



Valuation


At 1 August 2023
4,894,069


Additions at cost
1,048,617



At 31 December 2023
5,942,686

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





5.


Debtors

31 December
31 July
2023
2023
£
£


Other debtors
14,638
100



6.


Cash and cash equivalents

31 December
31 July
2023
2023
£
£

Cash at bank and in hand
28,932
-


Page 4

 
ACCESS DEVELOPMENTS GROUP PROPERTIES LTD
 

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

7.


Creditors: Amounts falling due within one year

31 December
As restated
31 July
2023
2023
£
£

Corporation tax
2,958
-

Other creditors
5,958,316
4,894,069

Accruals and deferred income
14,700
-

5,975,974
4,894,069



8.


Share capital

31 December
31 July
2023
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



9.


Prior year adjustment

A prior year adjustment has been included in the accounts for the year ended 31 July 2023. The comparative figures have been updated to show investment property purchased in the year which was paid for using a director's loan. This has increased investment property and the director's loan account in the comparative period by £4,894,069. There were no subsequent adjustments to the profit and loss account.


10.


Related party transactions

Included in other creditors is an amount of £5,943,778 (31 July 2023: £4,894,069) owed to a director. The loan is interest free and repayable on demand.


Page 5