Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activityfalse9The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-019truefalse 08466902 2023-04-01 2024-03-31 08466902 2022-04-01 2023-03-31 08466902 2024-03-31 08466902 2023-03-31 08466902 c:Director1 2023-04-01 2024-03-31 08466902 d:MotorVehicles 2023-04-01 2024-03-31 08466902 d:MotorVehicles 2024-03-31 08466902 d:MotorVehicles 2023-03-31 08466902 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08466902 d:FurnitureFittings 2023-04-01 2024-03-31 08466902 d:FurnitureFittings 2024-03-31 08466902 d:FurnitureFittings 2023-03-31 08466902 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08466902 d:OfficeEquipment 2023-04-01 2024-03-31 08466902 d:OfficeEquipment 2024-03-31 08466902 d:OfficeEquipment 2023-03-31 08466902 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08466902 d:ComputerEquipment 2023-04-01 2024-03-31 08466902 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08466902 d:CurrentFinancialInstruments 2024-03-31 08466902 d:CurrentFinancialInstruments 2023-03-31 08466902 d:Non-currentFinancialInstruments 2024-03-31 08466902 d:Non-currentFinancialInstruments 2023-03-31 08466902 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08466902 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08466902 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08466902 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08466902 d:ShareCapital 2024-03-31 08466902 d:ShareCapital 2023-03-31 08466902 d:RetainedEarningsAccumulatedLosses 2024-03-31 08466902 d:RetainedEarningsAccumulatedLosses 2023-03-31 08466902 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08466902 c:OrdinaryShareClass1 2024-03-31 08466902 c:OrdinaryShareClass1 2023-03-31 08466902 c:FRS102 2023-04-01 2024-03-31 08466902 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08466902 c:FullAccounts 2023-04-01 2024-03-31 08466902 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08466902 2 2023-04-01 2024-03-31 08466902 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08466902









1001 APARTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
1001 APARTMENTS LIMITED
REGISTERED NUMBER: 08466902

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
112,586
41,211

  
112,586
41,211

Current assets
  

Debtors: amounts falling due within one year
 5 
357,575
362,738

Cash at bank and in hand
 6 
175,343
54,724

  
532,918
417,462

Creditors: amounts falling due within one year
 7 
(901,734)
(1,016,751)

Net current liabilities
  
 
 
(368,816)
 
 
(599,289)

Total assets less current liabilities
  
(256,230)
(558,078)

Creditors: amounts falling due after more than one year
 8 
(12,182)
(21,593)

  

Net liabilities
  
(268,412)
(579,671)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(268,413)
(579,672)

  
(268,412)
(579,671)


Page 1

 
1001 APARTMENTS LIMITED
REGISTERED NUMBER: 08466902
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 his 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: 




Haider Alrubaei
Director

Date: 13 January 2025

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

Page 2

 
1001 APARTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

1001 Apartments Limited is a private company limited by shares and incorporated in England & Wales. The registered office is 376-380 Camden Road London N7 0LG.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders and creditors to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

Page 3

 
1001 APARTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Reducing Balance
Fixtures and fittings
-
20%
Reducing Balance
Computer equipment
-
20%
Reducing Balance

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.

 
2.5

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.

 
2.8

Interest income

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

 
2.9

Borrowing costs

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

Page 4

 
1001 APARTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
12,000
36,056
6,480
54,536


Additions
-
97,900
-
97,900



At 31 March 2024

12,000
133,956
6,480
152,436



Depreciation


At 1 April 2023
7,085
3,606
2,635
13,326


Charge for the year on owned assets
983
24,772
769
26,524



At 31 March 2024

8,068
28,378
3,404
39,850



Net book value



At 31 March 2024
3,932
105,578
3,076
112,586



At 31 March 2023
4,915
32,450
3,846
41,211


5.


Debtors

2024
2023
£
£


Other debtors
352,925
357,658

Prepayments and accrued income
4,650
5,080

357,575
362,738


Page 5

 
1001 APARTMENTS 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
175,343
54,724

175,343
54,724



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,225
10,761

Trade creditors
8,706
39,527

Other taxation and social security
42,830
41,179

Other creditors
836,973
924,126

Accruals and deferred income
3,000
1,158

901,734
1,016,751



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,182
21,593

12,182
21,593



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A & Ordinary B shares of £0.01 each
1
1


 
Page 6