Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312false2023-06-01truetruefalseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07252063 2023-06-01 2024-05-31 07252063 2022-06-01 2023-05-31 07252063 2024-05-31 07252063 2023-05-31 07252063 c:Director2 2023-06-01 2024-05-31 07252063 d:FreeholdInvestmentProperty 2024-05-31 07252063 d:FreeholdInvestmentProperty 2023-05-31 07252063 d:CurrentFinancialInstruments 2024-05-31 07252063 d:CurrentFinancialInstruments 2023-05-31 07252063 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07252063 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07252063 d:RevaluationReserve 2024-05-31 07252063 d:RevaluationReserve 2023-05-31 07252063 d:OtherMiscellaneousReserve 2024-05-31 07252063 d:OtherMiscellaneousReserve 2023-05-31 07252063 d:RetainedEarningsAccumulatedLosses 2024-05-31 07252063 d:RetainedEarningsAccumulatedLosses 2023-05-31 07252063 c:FRS102 2023-06-01 2024-05-31 07252063 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07252063 c:FullAccounts 2023-06-01 2024-05-31 07252063 c:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 07252063 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 07252063










THAMES COURT READING FREEHOLD COMPANY LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
THAMES COURT READING FREEHOLD COMPANY LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07252063

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
124,369
124,369

  
124,369
124,369

Current assets
  

Debtors: amounts falling due within one year
 5 
864
375

Cash at bank and in hand
  
1,388
3,866

  
2,252
4,241

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(6,224)
(4,000)

Net current (liabilities)/assets
  
 
 
(3,972)
 
 
241

Net assets
  
120,397
124,610


Capital and reserves
  

Revaluation reserve
  
28,156
28,156

Other reserves
  
111,883
111,883

Profit and loss account
  
(19,642)
(15,429)

  
120,397
124,610

Page 1

 
THAMES COURT READING FREEHOLD COMPANY LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07252063

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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: 



A J Milne
Director
Date: 20 December 2024

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
THAMES COURT READING FREEHOLD COMPANY LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Thames Court Reading Freehold Company Limited is a private company, limited by guarantee, incorporated in England and Wales. The address of its registered office is Unit 4 Anvil Court, Denmark Street, Wokingham, Berkshire, England, RG40 2BB.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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 3

 
THAMES COURT READING FREEHOLD COMPANY LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Taxation

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.


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 June 2023
124,369



At 31 May 2024
124,369

The  valuations were made by key management personnel, 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
96,213
96,213

Page 4

 
THAMES COURT READING FREEHOLD COMPANY LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
864
375

864
375



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
3,884
1,664

Accruals and deferred income
2,340
2,336

6,224
4,000




7.


Company status

The Company is a private company limited by guarantee without share capital. Each company member would be liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.

Page 5