Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC582022 2023-04-01 2024-03-31 SC582022 2022-04-01 2023-03-31 SC582022 2024-03-31 SC582022 2023-03-31 SC582022 c:Director1 2023-04-01 2024-03-31 SC582022 c:RegisteredOffice 2023-04-01 2024-03-31 SC582022 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 SC582022 d:FreeholdInvestmentProperty 2024-03-31 SC582022 d:FreeholdInvestmentProperty 2023-03-31 SC582022 d:CurrentFinancialInstruments 2024-03-31 SC582022 d:CurrentFinancialInstruments 2023-03-31 SC582022 d:Non-currentFinancialInstruments 2024-03-31 SC582022 d:Non-currentFinancialInstruments 2023-03-31 SC582022 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC582022 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC582022 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC582022 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC582022 d:ShareCapital 2024-03-31 SC582022 d:ShareCapital 2023-03-31 SC582022 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC582022 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC582022 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC582022 c:OrdinaryShareClass1 2024-03-31 SC582022 c:OrdinaryShareClass1 2023-03-31 SC582022 c:FRS102 2023-04-01 2024-03-31 SC582022 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC582022 c:FullAccounts 2023-04-01 2024-03-31 SC582022 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC582022 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC582022










J REAVLEY PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
J REAVLEY PROPERTY LIMITED
 

COMPANY INFORMATION


DIRECTOR
J S Reavley 




REGISTERED NUMBER
SC582022



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J REAVLEY PROPERTY LIMITED
REGISTERED NUMBER: SC582022

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Investment property
 4 
4,560,448
4,511,628

  
4,560,448
4,511,628

CURRENT ASSETS
  

Cash at bank and in hand
  
94,273
154,021

  
94,273
154,021

Creditors: amounts falling due within one year
 5 
(2,446,406)
(2,448,717)

NET CURRENT LIABILITIES
  
 
 
(2,352,133)
 
 
(2,294,696)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,208,315
2,216,932

Creditors: amounts falling due after more than one year
 6 
(1,600,000)
(1,700,000)

  

NET ASSETS
  
608,315
516,932


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
608,215
516,832

  
608,315
516,932


Page 1

 
J REAVLEY PROPERTY LIMITED
REGISTERED NUMBER: SC582022

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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 on 23 September 2024.




J S Reavley
Director

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

Page 2

 
J REAVLEY PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

J Reavley Property Limited  is a private limited company limited by shares incorporated in Scotland.  The registered office is Westby 64, West High Street, Forfar, Angus, DD8 1BJ and the Company registration number is SC582022. The principal place of business is 125 Nethergate, Dundee, DD1 4DW.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 3

 
J REAVLEY PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

  
2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors 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.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
J REAVLEY PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


INVESTMENT PROPERTY


Investment property

£



VALUATION


At 1 April 2023
4,511,628


Additions at cost
48,820



AT 31 MARCH 2024
4,560,448

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
100,000
100,000

Social security and other taxation
30,474
32,767

Other creditors
2,313,232
2,313,250

Accruals and deferred income
2,700
2,700

2,446,406
2,448,717



6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
1,600,000
1,700,000

1,600,000
1,700,000


Page 5

 
J REAVLEY PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 6