Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312false2023-04-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11109491 2023-04-01 2024-03-31 11109491 2022-04-01 2023-03-31 11109491 2024-03-31 11109491 2023-03-31 11109491 c:Director1 2023-04-01 2024-03-31 11109491 c:Director2 2023-04-01 2024-03-31 11109491 d:FreeholdInvestmentProperty 2024-03-31 11109491 d:FreeholdInvestmentProperty 2023-03-31 11109491 d:CurrentFinancialInstruments 2024-03-31 11109491 d:CurrentFinancialInstruments 2023-03-31 11109491 d:Non-currentFinancialInstruments 2024-03-31 11109491 d:Non-currentFinancialInstruments 2023-03-31 11109491 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11109491 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11109491 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11109491 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11109491 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11109491 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11109491 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11109491 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11109491 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 11109491 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11109491 d:ShareCapital 2024-03-31 11109491 d:ShareCapital 2023-03-31 11109491 d:RetainedEarningsAccumulatedLosses 2024-03-31 11109491 d:RetainedEarningsAccumulatedLosses 2023-03-31 11109491 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11109491 c:OrdinaryShareClass1 2024-03-31 11109491 c:OrdinaryShareClass1 2023-03-31 11109491 c:FRS102 2023-04-01 2024-03-31 11109491 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11109491 c:FullAccounts 2023-04-01 2024-03-31 11109491 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11109491 d:OtherDeferredTax 2024-03-31 11109491 d:OtherDeferredTax 2023-03-31 11109491 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11109491









AQUA CAPITAL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AQUA CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 11109491

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
706,226
706,226

  
706,226
706,226

Current assets
  

Cash at bank and in hand
  
16,704
30,135

  
16,704
30,135

Creditors: amounts falling due within one year
 5 
(541,968)
(340,030)

Net current liabilities
  
 
 
(525,264)
 
 
(309,895)

Total assets less current liabilities
  
180,962
396,331

Creditors: amounts falling due after more than one year
 6 
(28,726)
(258,449)

Provisions for liabilities
  

Deferred tax
 8 
(22,130)
(22,130)

  
 
 
(22,130)
 
 
(22,130)

Net assets
  
130,106
115,752


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
130,006
115,652

  
130,106
115,752


Page 1

 
AQUA CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 11109491
    
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 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 23 December 2024.




Ravinder Jandu
Balwinder Kaur Jandu
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AQUA CAPITAL INVESTMENTS 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, incorporated and domiciled in England within the United Kingdom, registration number 1110941. The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

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

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.

Page 3

 
AQUA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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.

 
2.7

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.

 
2.8

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

 
AQUA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


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
706,226



At 31 March 2024
706,226

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




Page 5

 
AQUA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
8,312

Corporation tax
3,367
2,564

Other creditors
527,581
325,856

Accruals and deferred income
1,020
3,298

541,968
340,030


The following liabilities were secured:

2024
2023
£
£



Bank loan
-
3,312

-
3,312

Details of security provided:

Bank loans are secrued against the assets of the company containing fixed charges and a negative pledge.

Page 6

 
AQUA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
28,726
258,449

28,726
258,449


The following liabilities were secured:

2024
2023
£
£



Bank loan
-
219,151

-
219,151

Details of security provided:

Bank loans are secrued against the assets of the company containing fixed charges and a negative pledge.

Page 7

 
AQUA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
8,312


10,000
8,312

Amounts falling due 1-2 years

Bank loans
10,000
8,312


10,000
8,312

Amounts falling due 2-5 years

Bank loans
18,727
24,936


18,727
24,936

Amounts falling due after more than 5 years

Bank loans
-
225,201

-
225,201

38,727
266,761



8.


Deferred taxation




2024


£






At beginning of year
(22,130)



At end of year
(22,130)

Page 8

 
AQUA CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment property
(22,130)
(22,130)

(22,130)
(22,130)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



10.


Transactions with directors

As at the balance sheet date £327,060 (2022: £325,337) was due to the directors. The loans are interest free and repayable on demand.

 
Page 9