Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityfalsefalse22023-09-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15109891 2023-08-31 15109891 2023-09-01 2024-03-31 15109891 2022-04-01 2023-08-31 15109891 2024-03-31 15109891 c:Director1 2023-09-01 2024-03-31 15109891 d:FreeholdInvestmentProperty 2023-09-01 2024-03-31 15109891 d:FreeholdInvestmentProperty 2024-03-31 15109891 d:CurrentFinancialInstruments 2024-03-31 15109891 d:Non-currentFinancialInstruments 2024-03-31 15109891 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 15109891 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 15109891 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 15109891 d:ShareCapital 2024-03-31 15109891 d:RetainedEarningsAccumulatedLosses 2024-03-31 15109891 c:OrdinaryShareClass1 2023-09-01 2024-03-31 15109891 c:OrdinaryShareClass1 2024-03-31 15109891 c:FRS102 2023-09-01 2024-03-31 15109891 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 15109891 c:FullAccounts 2023-09-01 2024-03-31 15109891 c:PrivateLimitedCompanyLtd 2023-09-01 2024-03-31 15109891 2 2023-09-01 2024-03-31 15109891 e:PoundSterling 2023-09-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 15109891














NORTH ROW OPERATIONS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 MARCH 2024

 
NORTH ROW OPERATIONS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
NORTH ROW OPERATIONS LIMITED
REGISTERED NUMBER:15109891

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
6,787,872

Current assets
  

Debtors: amounts falling due within one year
 5 
241,162

Cash at bank and in hand
  
22,587

  
263,749

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(3,190,185)

Net current (liabilities)
  
 
 
(2,926,436)

Total assets less current liabilities
  
3,861,436

Creditors: amounts falling due after more than one year
  
(4,000,000)

  

Net (liabilities)
  
(138,564)


Capital and reserves
  

Called up share capital 
 9 
1

Profit and loss account
  
(138,565)

  
(138,564)


Page 1

 
NORTH ROW OPERATIONS LIMITED
REGISTERED NUMBER:15109891
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 period 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 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 28 November 2024.




D S Djanogly
Director

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

Page 2

 
NORTH ROW OPERATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

North Row Operations Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The principal activity of the Company during the period was that of the development and rental of investment property.
The company's functional and presentational currency is £ sterling.

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

Going concern

The Company made a loss for the period and at the balance sheet date has net current liabilities and net liabilities.
The financial statements of the Copmpany have been prepared on a going concern basis, the validity of which is dependant on the continued financial support of the other companies within the Group. The Directors are satisfied that suitable bank facilities will continue to be made available for the Company to meet it's working capital requirements for the forseeable future. 

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of rent provided in the year, net of trade discounts and excluding value added tax. Revenue from rental services is recognised in the period in which it relates.

 
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 period in which they are incurred.

Page 3

 
NORTH ROW OPERATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
6,787,872



At 31 March 2024
6,787,872

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









Page 4

 
NORTH ROW OPERATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

2024
£


Other debtors
227,689

Prepayments and accrued income
13,473

241,162



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
900

Amounts owed to group undertakings
3,149,549

Other creditors
31,266

Accruals and deferred income
8,470

3,190,185


The amounts owed to group undertakings are secured by a fixed and floating charge over the assets of the company.


7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
4,000,000


The other loans are secured by a fixed and floating charge over the assets of the company.


8.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Other loans
4,000,000




Page 5

 
NORTH ROW OPERATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


Upon incorporation 1 Ordinary share with a value of £1 was issued.


10.


Controlling party

The Company is a wholly owned subsidiary of North Row Investment Limited. 

 
Page 6