Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10923267 2022-09-01 2023-08-31 10923267 2021-09-01 2022-08-31 10923267 2023-08-31 10923267 2022-08-31 10923267 c:Director2 2022-09-01 2023-08-31 10923267 d:FreeholdInvestmentProperty 2023-08-31 10923267 d:FreeholdInvestmentProperty 2022-08-31 10923267 d:CurrentFinancialInstruments 2023-08-31 10923267 d:CurrentFinancialInstruments 2022-08-31 10923267 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10923267 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 10923267 d:ShareCapital 2023-08-31 10923267 d:ShareCapital 2022-08-31 10923267 d:RetainedEarningsAccumulatedLosses 2023-08-31 10923267 d:RetainedEarningsAccumulatedLosses 2022-08-31 10923267 c:OrdinaryShareClass1 2022-09-01 2023-08-31 10923267 c:OrdinaryShareClass1 2023-08-31 10923267 c:OrdinaryShareClass1 2022-08-31 10923267 c:OrdinaryShareClass2 2022-09-01 2023-08-31 10923267 c:OrdinaryShareClass2 2023-08-31 10923267 c:OrdinaryShareClass2 2022-08-31 10923267 c:FRS102 2022-09-01 2023-08-31 10923267 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10923267 c:FullAccounts 2022-09-01 2023-08-31 10923267 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10923267 6 2022-09-01 2023-08-31 10923267 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10923267









ALLY 23 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
ALLY 23 LIMITED
REGISTERED NUMBER: 10923267

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
250,000
150,000

Investment property
 5 
330,940
330,940

  
580,940
480,940

Current assets
  

Cash at bank and in hand
 6 
203,497
563,699

  
203,497
563,699

Creditors: amounts falling due within one year
 7 
(728,349)
(1,008,436)

Net current liabilities
  
 
 
(524,852)
 
 
(444,737)

Total assets less current liabilities
  
56,088
36,203

  

Net assets
  
56,088
36,203


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
55,988
36,103

  
56,088
36,203


Page 1

 
ALLY 23 LIMITED
REGISTERED NUMBER: 10923267
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 year 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: 




Stephen Mayall
Director
Date: 15 October 2024

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

Page 2

 
ALLY 23 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Ally 23 Limited is a private company limited by shares incorporated in England and Wales (registered number: 10923267). The registered office of the company is 101 New Cavendish Street,1st floor south, London, United Kingdom, W1W 6XH.
The principal activity of the company is that of buying and selling of own real estate. 
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

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.

 
2.3

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

 
ALLY 23 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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 directors, during the year was 2 (2022 - 2).

Page 4

 
ALLY 23 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 September 2022
150,000


Additions
100,000



At 31 August 2023
250,000





5.


Investment property


Investment property

£



Valuation


At 1 September 2022
330,940



At 31 August 2023
330,940

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




2023
2022
£
£


Historic cost
319,814
319,814

319,814
319,814


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
203,497
563,699

203,497
563,699


Page 5

 
ALLY 23 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,208

Corporation tax
8,463
3,729

Other creditors
718,386
1,001,999

Accruals and deferred income
1,500
1,500

728,349
1,008,436



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50

100

100


 
Page 6