Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10034329 2023-01-01 2023-12-31 10034329 2022-01-01 2022-12-31 10034329 2023-12-31 10034329 2022-12-31 10034329 c:Director1 2023-01-01 2023-12-31 10034329 d:ComputerEquipment 2023-01-01 2023-12-31 10034329 d:ComputerEquipment 2023-12-31 10034329 d:ComputerEquipment 2022-12-31 10034329 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10034329 d:CurrentFinancialInstruments 2023-12-31 10034329 d:CurrentFinancialInstruments 2022-12-31 10034329 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10034329 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10034329 d:ShareCapital 2023-12-31 10034329 d:ShareCapital 2022-12-31 10034329 d:RetainedEarningsAccumulatedLosses 2023-12-31 10034329 d:RetainedEarningsAccumulatedLosses 2022-12-31 10034329 c:FRS102 2023-01-01 2023-12-31 10034329 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10034329 c:FullAccounts 2023-01-01 2023-12-31 10034329 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10034329 6 2023-01-01 2023-12-31 10034329 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10034329









SEG PROPERTY SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SEG PROPERTY SERVICES LTD
REGISTERED NUMBER: 10034329

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
260

Investments
 5 
5,500
5,500

  
5,500
5,760

Current assets
  

Debtors: amounts falling due within one year
 6 
1,402
-

Cash at bank and in hand
  
332,940
320,373

  
334,342
320,373

Creditors: amounts falling due within one year
 7 
(94,201)
(76,986)

Net current assets
  
 
 
240,141
 
 
243,387

Total assets less current liabilities
  
245,641
249,147

  

Net assets
  
245,641
249,147


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
245,631
249,137

  
245,641
249,147


Page 1

 
SEG PROPERTY SERVICES LTD
REGISTERED NUMBER: 10034329
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 board and were signed on its behalf by: 


S Grossman
Director

Date: 31 October 2024

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

Page 2

 
SEG PROPERTY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

SEG Property Services Ltd is a private company, limited by shares and incorporated in England and Wales (Registered number: 10034329). The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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.

 
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.

Page 3

 
SEG PROPERTY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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:

Computer equipment
-
33%
Straight line method

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

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

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.

 
2.8

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.

 
2.9

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 4

 
SEG PROPERTY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
£

Wages and salaries
8,600

8,600


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
833



At 31 December 2023

833



Depreciation


At 1 January 2023
572


Charge for the year on owned assets
261



At 31 December 2023

833



Net book value



At 31 December 2023
-



At 31 December 2022
260

Page 5

 
SEG PROPERTY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
-
5,500
5,500


Additions
1
-
1



At 31 December 2023
1
5,500
5,501





6.


Debtors

2023
2022
£
£


Other debtors
1,402
-

1,402
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,681
-

Corporation tax
83,462
57,631

Other taxation and social security
-
16,657

Other creditors
5,558
198

Accruals and deferred income
2,500
2,500

94,201
76,986


 
Page 6