Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3142023-04-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02186832 2023-04-01 2024-03-31 02186832 2022-04-01 2023-03-31 02186832 2024-03-31 02186832 2023-03-31 02186832 c:Director1 2023-04-01 2024-03-31 02186832 d:PlantMachinery 2023-04-01 2024-03-31 02186832 d:PlantMachinery 2024-03-31 02186832 d:PlantMachinery 2023-03-31 02186832 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02186832 d:CurrentFinancialInstruments 2024-03-31 02186832 d:CurrentFinancialInstruments 2023-03-31 02186832 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02186832 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02186832 d:ShareCapital 2024-03-31 02186832 d:ShareCapital 2023-03-31 02186832 d:RetainedEarningsAccumulatedLosses 2024-03-31 02186832 d:RetainedEarningsAccumulatedLosses 2023-03-31 02186832 c:FRS102 2023-04-01 2024-03-31 02186832 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02186832 c:FullAccounts 2023-04-01 2024-03-31 02186832 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02186832 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02186832









CENTRAL SECURITIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CENTRAL SECURITIES LIMITED
REGISTERED NUMBER: 02186832

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
8,872
11,090

Investments
 5 
41,642
31,250

  
50,514
42,340

Current assets
  

Stocks
 6 
2,632,900
4,757,900

Debtors: amounts falling due within one year
 7 
3,007
111,802

Cash at bank and in hand
  
1,337,246
171,751

  
3,973,153
5,041,453

Creditors: amounts falling due within one year
 8 
(2,693,362)
(3,502,711)

Net current assets
  
 
 
1,279,791
 
 
1,538,742

Total assets less current liabilities
  
1,330,305
1,581,082

  

Net assets
  
1,330,305
1,581,082


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,330,105
1,580,882

  
1,330,305
1,581,082


Page 1

 
CENTRAL SECURITIES LIMITED
REGISTERED NUMBER: 02186832
    
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 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 2 December 2024.

J Stein
Director

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

Page 2

 
CENTRAL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Central Securities Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS. The address of its principal place of business is 7 Bulstrode Place, London W1U 2HU. 

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 directors are of the opinion that the company will continue to be able to meet its liabilities as they fall due within one year of the date of approval of these financial statements. Accordingly, these financial statements are prepared on the basis that the company will continue to be a going concern.

 
2.3

Functional and presentation currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue recognition

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. 
Revenue arises from the sale of properties to third parties and subsequent amounts derived in accordance with sales agreements. 

 
2.5

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 3

 
CENTRAL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office furniture and equipment
-
20% per annum on the reducing balance

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.

 
2.6

Valuation of investments

Unlisted investments are stated at their open market value. 

 
2.7

Stocks

Property stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase plus improvements.

 
2.8

Debtors

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

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and related party loans.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
CENTRAL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







4
4


4.


Tangible fixed assets





Office furniture and equipment

£



Cost or valuation


At 1 April 2023
52,033



At 31 March 2024

52,033



Depreciation


At 1 April 2023
40,943


Charge for the year on owned assets
2,218



At 31 March 2024

43,161



Net book value



At 31 March 2024
8,872



At 31 March 2023
11,090


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
31,250


Additions
10,392



At 31 March 2024
41,642




Page 5

 
CENTRAL SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Stocks

2024
2023
£
£

Property stock
2,632,900
4,757,900

2,632,900
4,757,900



7.


Debtors

2024
2023
£
£


Other debtors
1,357
107,945

Prepayments and accrued income
1,650
3,857

3,007
111,802



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
11,100

Other taxation and social security
9,263
28,412

Other creditors
2,579,099
3,444,575

Accruals and deferred income
105,000
18,624

2,693,362
3,502,711



9.


Related party transactions

At the financial year end, the company owed the directors the sum of £2,577,599 (2023 : £3,435,765). 
Interest of £90,000 was charged in respect of the year (2023 : £90,000).

 
Page 6