Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09476481 2023-03-01 2024-02-29 09476481 2022-03-01 2023-02-28 09476481 2024-02-29 09476481 2023-02-28 09476481 2022-03-01 09476481 c:Director2 2023-03-01 2024-02-29 09476481 d:ComputerEquipment 2023-03-01 2024-02-29 09476481 d:ComputerEquipment 2024-02-29 09476481 d:ComputerEquipment 2023-02-28 09476481 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09476481 d:FreeholdInvestmentProperty 2024-02-29 09476481 d:FreeholdInvestmentProperty 2023-02-28 09476481 d:FreeholdInvestmentProperty 2 2023-03-01 2024-02-29 09476481 d:CurrentFinancialInstruments 2024-02-29 09476481 d:CurrentFinancialInstruments 2023-02-28 09476481 d:Non-currentFinancialInstruments 2024-02-29 09476481 d:Non-currentFinancialInstruments 2023-02-28 09476481 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09476481 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09476481 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 09476481 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09476481 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 09476481 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 09476481 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 09476481 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 09476481 d:ShareCapital 2024-02-29 09476481 d:ShareCapital 2023-02-28 09476481 d:ShareCapital 2022-03-01 09476481 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 09476481 d:RetainedEarningsAccumulatedLosses 2024-02-29 09476481 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 09476481 d:RetainedEarningsAccumulatedLosses 2023-02-28 09476481 d:RetainedEarningsAccumulatedLosses 2022-03-01 09476481 c:FRS102 2023-03-01 2024-02-29 09476481 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09476481 c:FullAccounts 2023-03-01 2024-02-29 09476481 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09476481 2 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 09476481










STREAMAM NO. 2 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
STREAMAM NO. 2 LIMITED
REGISTERED NUMBER: 09476481

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
316

Investment property
 5 
1,066,000
1,025,000

  
1,066,000
1,025,316

Current assets
  

Debtors: amounts falling due within one year
 6 
7,953
2,088

Cash at bank and in hand
  
55,968
26,014

  
63,921
28,102

Creditors: amounts falling due within one year
 7 
(1,023,609)
(972,851)

Net current liabilities
  
 
 
(959,688)
 
 
(944,749)

Total assets less current liabilities
  
106,312
80,567

Creditors: amounts falling due after more than one year
 8 
(14,167)
(24,167)

Provisions for liabilities
  

Deferred tax
  
(10,250)
-

  
 
 
(10,250)
 
 
-

Net assets
  
81,895
56,400


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
81,894
56,399

  
81,895
56,400

Page 1

 
STREAMAM NO. 2 LIMITED
REGISTERED NUMBER: 09476481
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 profit and loss account 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 28 November 2024.




E F D Greene
Director

The notes on pages 4 to 11 form part of these financial statements.
Page 2

 
STREAMAM NO. 2 LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 March 2022
1
54,399
54,400


Comprehensive income for the year

Profit for the year
-
2,000
2,000



At 1 March 2023
1
56,399
56,400


Comprehensive income for the year

Profit for the year
-
25,495
25,495


At 29 February 2024
1
81,894
81,895


The notes on pages 4 to 11 form part of these financial statements.
Page 3

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Streamam No. 2 Limited (09476481) is a private company limited by shares and incorporated in England and Wales. There registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

Revenue

Revenue represents rents and service charges receivable recognised in the period in which the
services are provided in accordance with the rental agreement. 

 
2.4

Interest income

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

 
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.

Page 4

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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.

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

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 the directors 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.

Page 5

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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.

 
2.12

Creditors

Short-term creditors are measured at the transaction price.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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

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 within the operating cycle fall into this category of financial instruments.

Page 6

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

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.

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 - 2).

Page 7

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Computer equipment

£



Cost 


At 1 March 2023
1,424



At 29 February 2024

1,424



Depreciation


At 1 March 2023
1,108


Charge for the year on owned assets
316



At 29 February 2024

1,424



Net book value



At 29 February 2024
-



At 28 February 2023
316

Page 8

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
1,025,000


Surplus on revaluation
41,000



At 29 February 2024
1,066,000

The 2024 valuations were made by the Directors, 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:

29 February
28 February
2024
2023
£
£


Historic cost
1,064,501
1,064,501


6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,959
-

Prepayments and accrued income
5,994
2,088

7,953
2,088


Page 9

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
8
8

Amounts owed to group undertakings
986,406
934,610

Corporation tax
-
581

Other taxation and social security
2,762
2,691

Other creditors
13,311
13,311

Accruals and deferred income
11,122
11,650

1,023,609
972,851



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
14,167
24,167



9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
4,167
14,167


24,167
34,167


Page 10

 
STREAMAM NO. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Controlling party

The ultimate controlling party is Sportsman Securities Limited and Streamam Limited is the intermediate parent of the company.
 
Page 11