Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01property development.00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10610422 2023-05-01 2024-04-30 10610422 2022-05-01 2023-04-30 10610422 2024-04-30 10610422 2023-04-30 10610422 c:Director1 2023-05-01 2024-04-30 10610422 d:CurrentFinancialInstruments 2024-04-30 10610422 d:CurrentFinancialInstruments 2023-04-30 10610422 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10610422 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10610422 d:ShareCapital 2024-04-30 10610422 d:ShareCapital 2023-04-30 10610422 d:RetainedEarningsAccumulatedLosses 2024-04-30 10610422 d:RetainedEarningsAccumulatedLosses 2023-04-30 10610422 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10610422 c:OrdinaryShareClass1 2024-04-30 10610422 c:OrdinaryShareClass1 2023-04-30 10610422 c:FRS102 2023-05-01 2024-04-30 10610422 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10610422 c:FullAccounts 2023-05-01 2024-04-30 10610422 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10610422 d:Subsidiary1 2023-05-01 2024-04-30 10610422 d:Subsidiary1 1 2023-05-01 2024-04-30 10610422 6 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10610422









227 THE STRAND LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
227 THE STRAND LIMITED
REGISTERED NUMBER: 10610422

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments

 6 

1
1

Current assets
  

Debtors: amounts falling due within one year
 7 
6,968,016
6,347,662

Cash at bank and in hand
 8 
479
2,387

  
6,968,495
6,350,049

Creditors: amounts falling due within one year
 9 
(8,133,890)
(7,450,529)

Net current liabilities
  
 
 
(1,165,395)
 
 
(1,100,480)

Net liabilities
  
(1,165,394)
(1,100,479)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(1,165,395)
(1,100,480)

  
(1,165,394)
(1,100,479)


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 director and were signed on its behalf on 12 September 2024.




R Nobre
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
227 THE STRAND LIMITED
REGISTERED NUMBER: 10610422
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024


Page 2

 
227 THE STRAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

227 The Strand Limited (the 'Company') is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the Company Information page. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The Company is dependent upon the continued financial support of the shareholder to continue operating and to meet its liabilities as they fall due. The shareholder agrees to continue to provide financial support to the Company and not to call on the shareholder loan until such a time as the Company is in a position to repay the loan. Accordingly the directors have prepared the accounts under the going concern concept.
No material uncertainties that may cast significant doubt about the ability of the Company to continue as a going concern have been identified by the directors.

 
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 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 reporting 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 reporting date.

Page 3

 
227 THE STRAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

  
2.8

Financial instruments

The Company only 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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

Page 4

 
227 THE STRAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2023: £nil).


5.


Taxation

The rate of corporation tax rose to 25% from 19% with effect on 1 April 2023. Companies with profits of £50,000 or less will continue to be taxed at 19%, which is a new small profits rate. Where taxable profits are between £50,000 and £250,000, the higher 25% rate will apply but with a marginal relief applying as profits increase. Due to the taxable losses that occurred in the current and previous financial years the corporation tax liability at the year end was £nil (2023: £nil).


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
1



At 30 April 2024
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

227 (Residential) Limited
United Kingdom
Ordinary
100%

The aggregate of the share capital and reserves as at 30 April 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Loss

227 (Residential) Limited
(1,765,507)
725,885

Page 5

 
227 THE STRAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
6,966,918
6,346,611

VAT recoverable
-
209

Other debtors
106
106

Prepayments and accrued income
992
736

6,968,016
6,347,662


Amounts owed by group undertakings comprise a loan of £6,966,918 (2023: £6,346,611) due from the Company's subsidiary, 227 (Residential) Ltd. The loan is unsecured, interest free and repayable on demand.


8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
479
2,387



9.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
2,555
2,566

Amounts due to group undertakings
8,094,131
7,401,535

Accruals and deferred income
37,204
46,428

8,133,890
7,450,529


Amounts due to group undertakings comprise a loan of £8,094,131 (2023: £7,401,535) due to the Company's immediate parent, 226-228 The Strand Ltd. The loan is unsecured, interest free and repayable on demand.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023: 1) Ordinary share of £1
1
1


Page 6

 
227 THE STRAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Controlling party

The Company's immediate parent is 226 - 228 The Strand Ltd. The accounts are available from Companies House. The ultimate parent is Gripon Limited, a business registered in Jersey at Fifth Floor, 37 Esplanade, St. Helier, JE1 2TR, Jersey.

Page 7