Caseware UK (AP4) 2023.0.135 2023.0.135 truetrue2023-04-01falseNo description of principal activity00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10818391 2023-04-01 2024-03-31 10818391 2022-04-01 2023-03-31 10818391 2024-03-31 10818391 2023-03-31 10818391 c:Director1 2023-04-01 2024-03-31 10818391 d:FurnitureFittings 2023-04-01 2024-03-31 10818391 d:FurnitureFittings 2024-03-31 10818391 d:FurnitureFittings 2023-03-31 10818391 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10818391 d:ComputerEquipment 2023-04-01 2024-03-31 10818391 d:ComputerEquipment 2024-03-31 10818391 d:ComputerEquipment 2023-03-31 10818391 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10818391 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10818391 d:FreeholdInvestmentProperty 2024-03-31 10818391 d:FreeholdInvestmentProperty 2023-03-31 10818391 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 10818391 d:CurrentFinancialInstruments 2024-03-31 10818391 d:CurrentFinancialInstruments 2023-03-31 10818391 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10818391 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10818391 d:ShareCapital 2024-03-31 10818391 d:ShareCapital 2023-03-31 10818391 d:RetainedEarningsAccumulatedLosses 2024-03-31 10818391 d:RetainedEarningsAccumulatedLosses 2023-03-31 10818391 c:FRS102 2023-04-01 2024-03-31 10818391 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10818391 c:FullAccounts 2023-04-01 2024-03-31 10818391 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10818391 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10818391













1671 Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
1671 Ltd


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,749
1,595

Investment property
 5 
149,000
158,000

  
150,749
159,595

Current assets
  

Debtors
 6 
-
100

Cash at bank and in hand
  
3,600
423

  
3,600
523

Creditors: amounts falling due within one year
 7 
(230,235)
(216,595)

Net current liabilities
  
 
 
(226,635)
 
 
(216,072)

Total assets less current liabilities
  
(75,886)
(56,477)

  

Net liabilities
  
(75,886)
(56,477)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(75,986)
(56,577)

Shareholders' deficit
  
(75,886)
(56,477)


1

 
1671 Ltd

    
Balance sheet (continued)
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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 27 November 2024.




Mr A D Geary
Director

Registered number: 10818391
The notes on pages 3 to 6 form part of these financial statements.

2

 
1671 Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

1671 Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Little Broom Ing, Calverley Lane, Leeds, England, LS28 5QQ. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with 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

At the balance sheet date the company had excess liabilities over assets. The director, having made due and careful enquiry, is of the opinion that the company, with the support of its shareholders, has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial accounts.

 
2.3

Revenue

Revenue represents fees receivable during the year. Revenue is recognised when the appropriate service has been delivered. 

 
2.4

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:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

3

 
1671 Ltd
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director 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 profit or loss.

 
2.6

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The company has no employees other than the director, who did not receive any remuneration (2023 - £nil).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 April 2023
2,207
949
3,156


Additions
877
-
877



At 31 March 2024

3,084
949
4,033



Depreciation


At 1 April 2023
1,324
237
1,561


Charge for the year
486
237
723



At 31 March 2024

1,810
474
2,284



Net book value



At 31 March 2024
1,274
475
1,749



At 31 March 2023
883
712
1,595

4

 
1671 Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
158,000


Deficit on revaluation
(9,000)



At 31 March 2024
149,000

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



At 31 March 2024



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
158,000
158,000

158,000
158,000


6.


Debtors

2024
2023
£
£


Other debtors
-
100

-
100



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
226,935
216,595

Accruals
3,300
-

230,235
216,595


5

 
1671 Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

8.


Related party transactions

During the year, the company used a loan account to record amounts due to and from the directors. At the year end, the balance owed by the company to the director was £226,935 (2023: £216,595). This loan is unsecured, interest free and repayable on demand.

 
6