Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsetrue2false2022-11-012trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11004918 2022-11-01 2023-10-31 11004918 2021-11-01 2022-10-31 11004918 2023-10-31 11004918 2022-10-31 11004918 c:Director2 2022-11-01 2023-10-31 11004918 d:CurrentFinancialInstruments 2023-10-31 11004918 d:CurrentFinancialInstruments 2022-10-31 11004918 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11004918 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11004918 d:ShareCapital 2023-10-31 11004918 d:ShareCapital 2022-10-31 11004918 d:RetainedEarningsAccumulatedLosses 2023-10-31 11004918 d:RetainedEarningsAccumulatedLosses 2022-10-31 11004918 c:FRS102 2022-11-01 2023-10-31 11004918 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11004918 c:FullAccounts 2022-11-01 2023-10-31 11004918 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11004918 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11004918










COURT (THE CHARTER) BIRMINGHAM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
COURT (THE CHARTER) BIRMINGHAM LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 3


 
COURT (THE CHARTER) BIRMINGHAM LIMITED
REGISTERED NUMBER: 11004918

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
-
15,793,903

Debtors
 4 
195,643
198,611

Cash at bank and in hand
  
19,627
2,992

  
215,270
15,995,506

Creditors: amounts falling due within one year
 5 
(3,400,227)
(17,095,499)

Net current liabilities
  
 
 
(3,184,957)
 
 
(1,099,993)

Total assets less current liabilities
  
(3,184,957)
(1,099,993)

  

Net liabilities
  
(3,184,957)
(1,099,993)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,184,958)
(1,099,994)

  
(3,184,957)
(1,099,993)


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 on 25 June 2024.

A G Neale
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
COURT (THE CHARTER) BIRMINGHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Court (The Charter) Birmingham Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is 23rd Floor Alpha Tower, Suffolk Street Queensway, Birmingham, United Kingdom, B1 1TT, which is also the address of its principal place of business.

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

Going concern

The company is dependent upon a loan from a third party. The third party has indicated that they will continue to provide the financial support necessary to enable the company to continue in operational existence for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of property sales completed during the year.

 
2.4

Stocks

The development in progress is valued at cost. Cost includes finance and direct costs.

 
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 2

 
COURT (THE CHARTER) BIRMINGHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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.


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
195,643
198,611



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
-
1,363,200

Trade creditors
55,131
46,965

Other creditors
341,068
12,681,306

Accruals and deferred income
3,004,028
3,004,028

3,400,227
17,095,499


Other creditors are secured against the assets of the company.

Page 3