Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01falseOther accommodation11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12942777 2022-11-01 2023-10-31 12942777 2021-11-01 2022-10-31 12942777 2023-10-31 12942777 2022-10-31 12942777 c:Director1 2022-11-01 2023-10-31 12942777 d:FurnitureFittings 2022-11-01 2023-10-31 12942777 d:FurnitureFittings 2023-10-31 12942777 d:FurnitureFittings 2022-10-31 12942777 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12942777 d:CurrentFinancialInstruments 2023-10-31 12942777 d:CurrentFinancialInstruments 2022-10-31 12942777 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12942777 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12942777 d:ShareCapital 2023-10-31 12942777 d:ShareCapital 2022-10-31 12942777 d:RetainedEarningsAccumulatedLosses 2023-10-31 12942777 d:RetainedEarningsAccumulatedLosses 2022-10-31 12942777 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 12942777 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 12942777 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 12942777 d:TaxLossesCarry-forwardsDeferredTax 2022-10-31 12942777 c:FRS102 2022-11-01 2023-10-31 12942777 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12942777 c:FullAccounts 2022-11-01 2023-10-31 12942777 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12942777 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12942777









CUBIC HOUSING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
CUBIC HOUSING LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CUBIC HOUSING LTD
FOR THE YEAR ENDED 31 OCTOBER 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 Cubic Housing Ltd for the year ended 31 October 2023 which comprise  the Balance Sheet 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Cubic Housing Ltd in accordance with the terms of our engagement letter dated 30 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of Cubic Housing Ltd and state those matters that we have agreed to state to the director of Cubic Housing Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cubic Housing Ltd and its director for our work or for this report. 

It is your duty to ensure that Cubic Housing Ltd 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 profit of Cubic Housing Ltd. You consider that Cubic Housing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cubic Housing Ltd. 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.

  



Fraser Russell Ltd
 
77 Francis Road
Edgbaston
Birmingham
England
B16 8SP

23 September 2024
Page 1

 
CUBIC HOUSING LTD
REGISTERED NUMBER: 12942777

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,006
4,578

  
4,006
4,578

Current assets
  

Debtors: amounts falling due within one year
 5 
-
265

Cash at bank and in hand
 6 
11,232
11,051

  
11,232
11,316

Creditors: amounts falling due within one year
 7 
(6,833)
(12,345)

Net current assets/(liabilities)
  
 
 
4,399
 
 
(1,029)

Total assets less current liabilities
  
8,405
3,549

  

Net assets
  
8,405
3,549


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8,305
3,449

  
8,405
3,549


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 September 2024.



Page 2

 
CUBIC HOUSING LTD
REGISTERED NUMBER: 12942777
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


Amajit Younis
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Cubic Housing Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration of 12942777. The address of the registered office is 77 Francis road edgbaston, Birmingham, England B16 8SP.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 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

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 5

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.5

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.

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:

Fixtures and fittings
-
10%

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.

 
2.6

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.

Page 6

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employee
1
1

Page 7

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 November 2022
5,722



At 31 October 2023

5,722



Depreciation


At 1 November 2022
1,144


Charge for the year on owned assets
572



At 31 October 2023

1,716



Net book value



At 31 October 2023
4,006



At 31 October 2022
4,578


5.


Debtors

2023
2022
£
£


Deferred taxation
-
265

-
265



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,232
11,051

11,232
11,051


Page 8

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,008
-

Other creditors
5,825
2,345

Accruals
-
10,000

6,833
12,345



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
11,232
11,051




9.


Deferred taxation




2023


£






At beginning of year
265



At end of year
265

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
-
265

-
265

Page 9

 
CUBIC HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Related party transactions

Amajit Younis is a director and shareholder of the company. 
During the period the director provided loans of £3,480 to the company. As at the year end, the director owed the company £5,825 (2022: £2,345 ) which is shown in Other creditors due within one year.
The above balances are repayable on demand and therefore there is no significant difference between the value of the original loan amount and initial carrying value of the loan as shown in the balance sheet.


11.


Controlling party

During the year the company was under the control of Amajit Younis who is the 100% shareholder and sole director.

 
Page 10