Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-012falsefalseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10501659 2023-04-01 2024-03-31 10501659 2022-04-01 2023-03-31 10501659 2024-03-31 10501659 2023-03-31 10501659 c:Director1 2023-04-01 2024-03-31 10501659 d:FreeholdInvestmentProperty 2024-03-31 10501659 d:FreeholdInvestmentProperty 2023-03-31 10501659 d:CurrentFinancialInstruments 2024-03-31 10501659 d:CurrentFinancialInstruments 2023-03-31 10501659 d:Non-currentFinancialInstruments 2024-03-31 10501659 d:Non-currentFinancialInstruments 2023-03-31 10501659 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10501659 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10501659 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10501659 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10501659 d:ShareCapital 2024-03-31 10501659 d:ShareCapital 2023-03-31 10501659 d:RetainedEarningsAccumulatedLosses 2024-03-31 10501659 d:RetainedEarningsAccumulatedLosses 2023-03-31 10501659 c:FRS102 2023-04-01 2024-03-31 10501659 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10501659 c:FullAccounts 2023-04-01 2024-03-31 10501659 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10501659 2 2023-04-01 2024-03-31 10501659 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10501659










HEMINGWAY PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HEMINGWAY PROPERTIES LIMITED
REGISTERED NUMBER: 10501659

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
703,166
703,166

  
703,166
703,166

Current assets
  

Debtors: amounts falling due within one year
 5 
120,044
52,056

Cash at bank and in hand
 6 
138,329
239,044

  
258,373
291,100

Creditors: amounts falling due within one year
 7 
(12,119)
(5,458)

Net current assets
  
 
 
246,254
 
 
285,642

Total assets less current liabilities
  
949,420
988,808

Creditors: amounts falling due after more than one year
 8 
(904,587)
(968,457)

  

Net assets
  
44,833
20,351


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
44,733
20,251

  
44,833
20,351


Page 1

 
HEMINGWAY PROPERTIES LIMITED
REGISTERED NUMBER: 10501659
    
BALANCE SHEET (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 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 by: 




S C Rhoades
Director

Date: 28 November 2024

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

Page 2

 
HEMINGWAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares and is incorporated in England. The registered address is 37 Loxley Road, London, SW18 3LL.
The principal activity of the company is rental of property.

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

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:

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.

 
2.3

Interest income

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

 
2.4

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.

 
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.

Page 3

 
HEMINGWAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
703,166



At 31 March 2024
703,166

The 2024 valuations were made by the directors of the company, 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:

2024
2023
£
£


Historic cost
703,166
703,166

703,166
703,166

Page 4

 
HEMINGWAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
138
363

Other debtors
119,818
51,216

Prepayments and accrued income
88
477

120,044
52,056



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
138,329
239,044

138,329
239,044



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
6,128
2,603

Other creditors
2,000
-

Accruals and deferred income
3,991
2,855

12,119
5,458



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
904,587
968,457

904,587
968,457


Page 5

 
HEMINGWAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

At the end of the period the company had £698,440 (2023: £698,839) of loans owing to a group company Hemingway Group Holdings Limited.
At the end of the period the company had £201,106 (2023: £201,106) of loans owing to a group company GAM (Holdings) Limited.
At the end of the period the company had £1,000 (2023: £1,000) of loans owing to a related party by virtue of common control, Greenhills Asset Management Limited.
At the end of the period the company had £2,292 (2023: £67,512) of loans owing to a related party by virtue of common control, Clearview No 1 Limited.
At the end of the period the company had £1,749 (2023: £Nil) of loans owing to a related party by virtue of common control, IVRE Limited.
 


10.


Controlling party

Hemingway Properties Limited is 100% owned by Hemingway Group Holdings Limited.
The ultimate controlling party of the Company are the directors by virtue of their shareholdings in Volpone Ventures Limited and Clearview No 1 Limited.
There is no individual controlling party.

 
Page 6