Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310true2023-04-01falseThe Company's principal activity continued to be of Investment Property0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13178335 2023-04-01 2024-03-31 13178335 2022-04-01 2023-03-31 13178335 2024-03-31 13178335 2023-03-31 13178335 2022-04-01 13178335 c:Director1 2023-04-01 2024-03-31 13178335 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 13178335 d:Buildings d:LongLeaseholdAssets 2024-03-31 13178335 d:Buildings d:LongLeaseholdAssets 2023-03-31 13178335 d:LandBuildings 2024-03-31 13178335 d:LandBuildings 2023-03-31 13178335 d:CurrentFinancialInstruments 2024-03-31 13178335 d:CurrentFinancialInstruments 2023-03-31 13178335 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13178335 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13178335 d:ShareCapital 2023-04-01 2024-03-31 13178335 d:ShareCapital 2024-03-31 13178335 d:ShareCapital 2022-04-01 2023-03-31 13178335 d:ShareCapital 2023-03-31 13178335 d:ShareCapital 2022-04-01 13178335 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13178335 d:RetainedEarningsAccumulatedLosses 2024-03-31 13178335 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13178335 d:RetainedEarningsAccumulatedLosses 2023-03-31 13178335 d:RetainedEarningsAccumulatedLosses 2022-04-01 13178335 c:FRS102 2023-04-01 2024-03-31 13178335 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13178335 c:AbridgedAccounts 2023-04-01 2024-03-31 13178335 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13178335 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13178335









AKSID PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AKSID PROPERTY LIMITED
REGISTERED NUMBER: 13178335

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
703,278
703,278

  
703,278
703,278

Current assets
  

Debtors: amounts falling due within one year
 5 
32,988
24,651

Cash at bank and in hand
 6 
1,517
4,227

  
34,505
28,878

Creditors: amounts falling due within one year
 7 
(732,213)
(725,545)

Net current liabilities
  
 
 
(697,708)
 
 
(696,667)

Total assets less current liabilities
  
5,570
6,611

  

Net assets
  
5,570
6,611


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,470
6,511

  
5,570
6,611


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 her 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 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 on 3 January 2025.



Page 1

 
AKSID PROPERTY LIMITED
REGISTERED NUMBER: 13178335
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Nadia Momin Imam
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
AKSID PROPERTY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
6,511
6,611


Comprehensive income for the year

Loss for the year

-
(1,041)
(1,041)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(1,041)
(1,041)


Total transactions with owners
-
-
-


At 31 March 2024
100
5,470
5,570


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
AKSID PROPERTY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
1,782
1,882


Comprehensive income for the year

Profit for the year

-
4,729
4,729


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
4,729
4,729


Total transactions with owners
-
-
-


At 31 March 2023
100
6,511
6,611


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
AKSID PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a members limited liability company incorporated in the United Kingdom.
The registered address of the company is:
22 Gilbert Street
London
W1K 5HD
The company's principal activity is that of investment 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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 5

 
AKSID PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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

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, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Long-term leasehold property
-

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.

 
2.6

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.

 
2.7

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 6

 
AKSID PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Long-term leasehold property

£



Cost or valuation


At 1 April 2023
703,278



At 31 March 2024

703,278






Net book value



At 31 March 2024
703,278



At 31 March 2023
703,278




The net book value of land and buildings may be further analysed as follows:


As restated
2024
2023
£
£

Long leasehold
703,278
703,278

703,278
703,278



5.


Debtors

2024
2023
£
£


Trade debtors
9,082
7,800

Other debtors
23,906
16,851

32,988
24,651


Page 7

 
AKSID PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,517
4,227

1,517
4,227



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
517,500
517,500

Other creditors
214,713
208,045

732,213
725,545


The following liabilities were secured:

2024
2023
£
£



Bank loan
517,500
517,500

517,500
517,500

Details of security provided:

Bank loan of £517,500 (2023: 517,500) was secured on the assets of the company.

 
Page 8