Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30falseNo description of principal activity22022-10-012falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13419578 2022-10-01 2023-09-30 13419578 2021-05-25 2022-09-30 13419578 2023-09-30 13419578 2022-09-30 13419578 c:Director1 2022-10-01 2023-09-30 13419578 d:CurrentFinancialInstruments 2023-09-30 13419578 d:CurrentFinancialInstruments 2022-09-30 13419578 d:Non-currentFinancialInstruments 2023-09-30 13419578 d:Non-currentFinancialInstruments 2022-09-30 13419578 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13419578 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13419578 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 13419578 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 13419578 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 13419578 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 13419578 d:ShareCapital 2023-09-30 13419578 d:ShareCapital 2022-09-30 13419578 d:OtherMiscellaneousReserve 2023-09-30 13419578 d:OtherMiscellaneousReserve 2022-09-30 13419578 d:RetainedEarningsAccumulatedLosses 2023-09-30 13419578 d:RetainedEarningsAccumulatedLosses 2022-09-30 13419578 c:OrdinaryShareClass1 2022-10-01 2023-09-30 13419578 c:OrdinaryShareClass1 2023-09-30 13419578 c:OrdinaryShareClass1 2022-09-30 13419578 c:FRS102 2022-10-01 2023-09-30 13419578 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13419578 c:FullAccounts 2022-10-01 2023-09-30 13419578 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13419578










SOLLER DEVELOPMENT MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
REGISTERED NUMBER: 13419578

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
613,758
295,991

Cash at bank and in hand
 5 
465
2,761

  
614,223
298,752

Creditors: amounts falling due within one year
 6 
(5,127)
(4,440)

Net current assets
  
 
 
609,096
 
 
294,312

Total assets less current liabilities
  
609,096
294,312

Creditors: amounts falling due after more than one year
 7 
(638,142)
-

  

Net (liabilities)/assets
  
(29,046)
294,312


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
-
300,000

Profit and loss account
  
(29,146)
(5,788)

  
(29,046)
294,312

Page 1

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
REGISTERED NUMBER: 13419578
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 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 by: 




N J Treadaway
Director

Date: 2 December 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Soller Development Management Limited is a private company, limited by shares, incorporated in England and Wales on 25 May 2021, domiciled in England and Wales, registration number 13419578. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

These are the financial statements for the year ended 30 September 2023. 

The Company was incorporated on 25 May 2021. The financial statements are for the year ended 30 September 2023. The figures for 2022 are for the 16 month period ended 30 September 2022 and are therefore not entirely comparable.

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 financial statements have been prepared in pounds sterling, the functional currency, rounded to the nearest £1. 

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

Page 4

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
Page 5

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
613,758
295,991

613,758
295,991



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
465
2,761

465
2,761



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
2,040

Other creditors
327
-

Accruals and deferred income
4,800
2,400

5,127
4,440



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Hargberg Cooper loan
355,726
-

Other loans
282,416
-

638,142
-


Page 6

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Hargberg Cooper loan
355,726
-

Other loans
282,416
-


638,142
-


638,142
-



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000,000 (2022 - 1,000,000) Ordinary shares of £0.0001 each
100
100


Page 7

 
SOLLER DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.


Related party transactions

At 30 September 2023, the Company was owed £531,264 (2022: £200,064) by Soller Capital Management Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

At 30 September 2023, the Company was owed £30,500 (2022: £29,800) by Soller Sixteen Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

During the year, the Company received a loan of £146,500 from Soller Seven Limited, a company of which the director, Mr N J Treadaway is a director. The company repaid £33,100 during the year and the amount of £52,400 was owed to Soller Seven Limited by the Company as at 30 September 2023 (2022: £61,000 owed to the Company).

At 30 September 2023, the Company was owed £300 (2022: £300) by Soller Twelve Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

At 30 September 2023, the Company was owed £600 (2022: £600) by Soller Eleven Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand.

At 30 September 2023, the Company was owed £764 (2022: £536) by Soller Fourteen Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

At 30 September 2023, the Company was owed £1,230 (2022: £1,190) by Soller Fifteen Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

At 30 September 2023, the Company was owed £2,500 (2022: £2,500) by Soller Holdings Limited, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

At 30 September 2023, the Company was owed £1,500 by Soller Group, a company of which the director, Mr N J Treadaway is a director. The loan is interest free and repayable on demand. 

11.


Controlling party

The Company was under the control of Mr M J Treadaway throughout the year. 

 
Page 8