Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07843634 2023-04-01 2024-03-31 07843634 2022-04-01 2023-03-31 07843634 2024-03-31 07843634 2023-03-31 07843634 c:Director1 2023-04-01 2024-03-31 07843634 d:FreeholdInvestmentProperty 2024-03-31 07843634 d:FreeholdInvestmentProperty 2023-03-31 07843634 d:CurrentFinancialInstruments 2024-03-31 07843634 d:CurrentFinancialInstruments 2023-03-31 07843634 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07843634 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07843634 d:ShareCapital 2024-03-31 07843634 d:ShareCapital 2023-03-31 07843634 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 07843634 d:OtherMiscellaneousReserve 2024-03-31 07843634 d:OtherMiscellaneousReserve 2023-03-31 07843634 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07843634 d:RetainedEarningsAccumulatedLosses 2024-03-31 07843634 d:RetainedEarningsAccumulatedLosses 2023-03-31 07843634 c:FRS102 2023-04-01 2024-03-31 07843634 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07843634 c:FullAccounts 2023-04-01 2024-03-31 07843634 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07843634 2 2023-04-01 2024-03-31 07843634 6 2023-04-01 2024-03-31 07843634 2 2024-03-31 07843634 2 2023-03-31 07843634 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07843634









FELGROVE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FELGROVE INVESTMENTS LIMITED
REGISTERED NUMBER: 07843634

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
57,790
57,790

Investment property
 5 
472,565
472,565

  
530,355
530,355

Current assets
  

Debtors: amounts falling due within one year
 6 
5,189
1,574

Current asset investments
 7 
882,871
627,080

Cash at bank and in hand
 8 
151,918
341,371

  
1,039,978
970,025

Creditors: amounts falling due within one year
 9 
(1,038,217)
(1,094,625)

Net current assets/(liabilities)
  
 
 
1,761
 
 
(124,600)

Total assets less current liabilities
  
532,116
405,755

  

Net assets
  
532,116
405,755


Capital and reserves
  

Called up share capital 
  
5
5

Other reserves
 10 
263,871
165,428

Profit and loss account
 10 
268,240
240,322

  
532,116
405,755


Page 1

 
FELGROVE INVESTMENTS LIMITED
REGISTERED NUMBER: 07843634
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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: 




Jack Harry Felber
Director

Date: 20 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FELGROVE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Felgrove Investments Limited is a private company limited by shares and incorporated in England. The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH.  The principal place of business is 5 Aberdare Gardens, London, NW6 3AJ.

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

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.

 
2.4

Valuation of investments

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.

Page 3

 
FELGROVE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

Interest income

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

 
2.10

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 4

 
FELGROVE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
57,790



At 31 March 2024
57,790






Net book value



At 31 March 2024
57,790



At 31 March 2023
57,790


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
472,565



At 31 March 2024
472,565

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
427,565
427,565

427,565
427,565

Page 5

 
FELGROVE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
5,189
1,574

5,189
1,574



7.


Current asset investments

2024
2023
£
£

Listed investments
882,871
627,080

882,871
627,080



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
151,918
341,371

151,918
341,371



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
440
-

Other creditors
1,032,977
1,091,025

Accruals and deferred income
4,800
3,600

1,038,217
1,094,625


Page 6

 
FELGROVE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Reserves

Other reserves

Includes non distributable profits which relate to unrealised gains on listed investments.

Profit and loss account

Includes all current and prior period retained profits and losses.

 
Page 7