Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo 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 12404292 2023-02-01 2024-01-31 12404292 2022-02-01 2023-01-31 12404292 2024-01-31 12404292 2023-01-31 12404292 c:Director1 2023-02-01 2024-01-31 12404292 d:FreeholdInvestmentProperty 2024-01-31 12404292 d:FreeholdInvestmentProperty 2023-01-31 12404292 d:CurrentFinancialInstruments 2024-01-31 12404292 d:CurrentFinancialInstruments 2023-01-31 12404292 d:Non-currentFinancialInstruments 2024-01-31 12404292 d:Non-currentFinancialInstruments 2023-01-31 12404292 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12404292 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12404292 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12404292 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12404292 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 12404292 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 12404292 d:ShareCapital 2024-01-31 12404292 d:ShareCapital 2023-01-31 12404292 d:RetainedEarningsAccumulatedLosses 2024-01-31 12404292 d:RetainedEarningsAccumulatedLosses 2023-01-31 12404292 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12404292 c:OrdinaryShareClass1 2024-01-31 12404292 c:OrdinaryShareClass1 2023-01-31 12404292 c:FRS102 2023-02-01 2024-01-31 12404292 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12404292 c:FullAccounts 2023-02-01 2024-01-31 12404292 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12404292 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12404292









FLAT 7 TOLWORTH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2024

 
FLAT 7 TOLWORTH LIMITED
REGISTERED NUMBER: 12404292

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
440,538
440,538

Current assets
  

Debtors: amounts falling due within one year
 5 
6,721
9,573

Cash at bank and in hand
 6 
6,335
1,084

  
13,056
10,657

Creditors: amounts falling due within one year
 7 
(138,081)
(134,675)

Net current liabilities
  
 
 
(125,025)
 
 
(124,018)

Total assets less current liabilities
  
315,513
316,520

Creditors: amounts falling due after more than one year
 8 
(317,525)
(317,525)

Net liabilities
  
(2,012)
(1,005)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(2,013)
(1,006)

  
(2,012)
(1,005)


Page 1

 
FLAT 7 TOLWORTH LIMITED
REGISTERED NUMBER: 12404292
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 on 25 November 2024.




P E Summers
Director

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

Page 2

 
FLAT 7 TOLWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Flat 7 Tolworth Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 62 Salisbury Road, Walmer, Deal, Kent, CT14 7QJ.

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

Rental Income
Rental income is in respect of the longterm leasehold interest in the investment property. Such income is recognised in accordance with the leases granted.

 
2.3

Going concern

These financial statements have been prepared on a going concern basis. The company is part financed by related parties and the director has confirmed support will continue to be provided by these companies for the foreseeable future. At the time of approval of these financial statements the director is of the opinion that the company will continue in operation for the foreseeable future.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
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 the Statement of comprehensive income.

 
2.6

Debtors

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

 
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. 

Page 3

 
FLAT 7 TOLWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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.

 
2.9

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 1 (2023 - 1).


4.


Investment property


Long leasehold investment property

£



Valuation


At 1 February 2023
440,538



At 31 January 2024
440,538

The property was acquired in June 2020. In the opinion of the director, the value of the property has not materially changed in the period.




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
440,538
440,538

Page 4

 
FLAT 7 TOLWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
1,645
4,260

Prepayments and accrued income
5,076
5,313

6,721
9,573



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,335
1,084



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
136
-

Corporation tax
510
-

Other creditors
130,679
130,679

Accruals and deferred income
6,756
3,996

138,081
134,675



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
317,525
317,525


The bank loan is secured by a fixed charge against the investment property held within the Company.

Page 5

 
FLAT 7 TOLWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due after more than 5 years

Bank loans
317,525
317,525



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



11.


Directors' benefits: advances, credits and guarantees

2024
2023
£
£
Balance brought forward

4,260

4,635
 
Total advances in the year

-

2,750
 
Total repayments in the year

(3,125)

(3,125)
 
Interest

-

-
 
1,135

4,260
 


12.


Related party transactions

Included within other creditors due within one year is an amount of £128,862 (2023 - £128,862) due to companies in which the director and shareholder has a significant interest.
Included within other debtors due within one year is an amount of £1,135 
(2023 - £4,260) due from the director of the company.

 
Page 6