Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-302024-01-30false2023-01-31falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09145444 2023-01-31 2024-01-30 09145444 2022-01-31 2023-01-30 09145444 2024-01-30 09145444 2023-01-30 09145444 c:Director1 2023-01-31 2024-01-30 09145444 d:FurnitureFittings 2023-01-31 2024-01-30 09145444 d:FurnitureFittings 2024-01-30 09145444 d:FurnitureFittings 2023-01-30 09145444 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-31 2024-01-30 09145444 d:FreeholdInvestmentProperty 2024-01-30 09145444 d:FreeholdInvestmentProperty 2023-01-30 09145444 d:CurrentFinancialInstruments 2024-01-30 09145444 d:CurrentFinancialInstruments 2023-01-30 09145444 d:Non-currentFinancialInstruments 2024-01-30 09145444 d:Non-currentFinancialInstruments 2023-01-30 09145444 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-30 09145444 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-30 09145444 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-30 09145444 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-30 09145444 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-30 09145444 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-30 09145444 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-30 09145444 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-30 09145444 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-30 09145444 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-30 09145444 d:ShareCapital 2024-01-30 09145444 d:ShareCapital 2023-01-30 09145444 d:RetainedEarningsAccumulatedLosses 2024-01-30 09145444 d:RetainedEarningsAccumulatedLosses 2023-01-30 09145444 c:OrdinaryShareClass1 2023-01-31 2024-01-30 09145444 c:OrdinaryShareClass1 2024-01-30 09145444 c:OrdinaryShareClass1 2023-01-30 09145444 c:FRS102 2023-01-31 2024-01-30 09145444 c:AuditExempt-NoAccountantsReport 2023-01-31 2024-01-30 09145444 c:FullAccounts 2023-01-31 2024-01-30 09145444 c:PrivateLimitedCompanyLtd 2023-01-31 2024-01-30 09145444 2 2023-01-31 2024-01-30 09145444 d:OtherDeferredTax 2024-01-30 09145444 d:OtherDeferredTax 2023-01-30 09145444 e:PoundSterling 2023-01-31 2024-01-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09145444









CHAMBERLAIN BUILDING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JANUARY 2024

 
CHAMBERLAIN BUILDING LTD
REGISTERED NUMBER: 09145444

BALANCE SHEET
AS AT 30 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,864
4,645

Investment property
 5 
1,200,000
1,200,000

  
1,202,864
1,204,645

Current assets
  

Debtors: amounts falling due within one year
 6 
635,752
318,624

Cash at bank and in hand
  
23,194
55,288

  
658,946
373,912

Creditors: amounts falling due within one year
 7 
(331,398)
(858,619)

Net current assets/(liabilities)
  
 
 
327,548
 
 
(484,707)

Total assets less current liabilities
  
1,530,412
719,938

Creditors: amounts falling due after more than one year
 8 
(797,500)
-

Provisions for liabilities
  

Deferred tax
 10 
(107,902)
(107,902)

  
 
 
(107,902)
 
 
(107,902)

Net assets
  
625,010
612,036


Capital and reserves
  

Called up share capital 
 11 
99
99

Profit and loss account
  
624,911
611,937

  
625,010
612,036


Page 1

 
CHAMBERLAIN BUILDING LTD
REGISTERED NUMBER: 09145444
    
BALANCE SHEET (CONTINUED)
AS AT 30 JANUARY 2024

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 income and retained earnings 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 31 October 2024.




S S Parwana
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 09145444.  The Company's registered office is Hagley House, 95 Hagley Road, Birmingham, B16 8LA.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

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:

Rental of property
Turnover from the rental of property is recognised when all the following conditions are satisfied:
-   the amount of turnover can be measured reliably;
-   it is probable that the Company will receive consideration due for the period of occupation;
-   the period of occupatiion can be measured reliably; and 
-   the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

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.

Page 4

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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
-
25%

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.

 
2.9

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.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS
Page 5

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 7

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 31 January 2023
7,125



At 30 January 2024

7,125



Depreciation


At 31 January 2023
2,480


Charge for the year on owned assets
1,781



At 30 January 2024

4,261



Net book value



At 30 January 2024
2,864



At 30 January 2023
4,645

Page 8

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 31 January 2023
1,200,000



At 30 January 2024
1,200,000


Comprising


Cost
590,742

Annual revaluation surplus/(deficit):


2017
509,258

2018
100,000

At 30 January 2024
1,200,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
271,128
-

Other debtors
364,591
318,591

Called up share capital not paid
33
33

635,752
318,624


Page 9

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
15,000
522,728

Trade creditors
(1,086)
(2,367)

Corporation tax
3,914
6,195

Other taxation and social security
2,910
318

Other creditors
294,156
307,900

Accruals and deferred income
16,504
23,845

331,398
858,619


The following liabilities were secured:

2024
2023
£
£



Bank loans
15,000
522,728

15,000
522,728

Details of security provided:

Bank loans are secured by a fixed and floating charge over all the assets of the company and secured by a guarantee and fixed and floating charges over all the assets of the parent company.

Page 10

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
797,500
-

797,500
-


The following liabilities were secured:

2024
2023
£
£



Bank loans
797,500
-

797,500
-

Details of security provided:

Bank loans are secured by a fixed and floating charge over all the assets of the company and secured by a guarantee and fixed and floating charges over all the assets of the parent company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
737,500
-

737,500
-

The loan was drawndown on 6 April 2023 for a period of 5 years on a capital and repayment agreement.  Interest is charged on the loan at 3.25% + GBP HBZ Base Rate.

Page 11

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
15,000
522,728


15,000
522,728

Amounts falling due 1-2 years

Bank loans
15,000
-


15,000
-

Amounts falling due 2-5 years

Bank loans
45,000
-


45,000
-

Amounts falling due after more than 5 years

Bank loans
737,500
-

737,500
-

812,500
522,728



10.


Deferred taxation




2024


£






At beginning of year
(107,902)



At end of year
(107,902)

Page 12

 
CHAMBERLAIN BUILDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024
 
10.Deferred taxation (continued)

2024
2023
£
£


Revaluation of investment property
(107,902)
(107,902)

(107,902)
(107,902)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



99 (2023 - 99) Ordinary shares of £1.00 each
99
99



12.Other financial commitments

As at 30 January 2024 the company had total commitments of £186 (2023 - £558).


13.


Related party transactions

As at 30 January 2024 there is a loan due to a directors of the company of £24,108 (2023 -  £12,625  and £274,933 due to former director at that date). 


14.


Controlling party

On 6 April 2023 the company was acquired as a 100% subsidiary of Chamberlain Buildings (Holdings) Ltd.  Since that date the ultimate and immediate parent company is Chamberlain Buildings (Holdings) Ltd a company registered in England and Wales. The registered office of the parent company is Hagley House, 95 Hagley Road, Birmingham, B16 8LA.

 
Page 13