Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activitytruefalse2023-05-0111falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14049089 2023-05-01 2024-04-30 14049089 2022-05-01 2023-04-30 14049089 2024-04-30 14049089 2023-04-30 14049089 c:Director1 2023-05-01 2024-04-30 14049089 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 14049089 d:FreeholdInvestmentProperty 2024-04-30 14049089 d:CurrentFinancialInstruments 2024-04-30 14049089 d:CurrentFinancialInstruments 2023-04-30 14049089 d:Non-currentFinancialInstruments 2024-04-30 14049089 d:Non-currentFinancialInstruments 2023-04-30 14049089 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14049089 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14049089 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 14049089 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 14049089 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 14049089 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 14049089 d:ShareCapital 2024-04-30 14049089 d:ShareCapital 2023-04-30 14049089 d:RetainedEarningsAccumulatedLosses 2024-04-30 14049089 d:RetainedEarningsAccumulatedLosses 2023-04-30 14049089 c:OrdinaryShareClass1 2023-05-01 2024-04-30 14049089 c:OrdinaryShareClass1 2024-04-30 14049089 c:OrdinaryShareClass1 2023-04-30 14049089 c:FRS102 2023-05-01 2024-04-30 14049089 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14049089 c:FullAccounts 2023-05-01 2024-04-30 14049089 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14049089 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14049089









FORMATIONS LONDON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FORMATIONS LONDON LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FORMATIONS LONDON LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FORMATIONS LONDON LTD for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of FORMATIONS LONDON LTD in accordance with the terms of our engagement letter dated 19 January 2023Our work has been undertaken solely to prepare for your approval the financial statements of FORMATIONS LONDON LTD and state those matters that we have agreed to state to the director of FORMATIONS LONDON LTD in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FORMATIONS LONDON LTD and its director for our work or for this report. 

It is your duty to ensure that FORMATIONS LONDON LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FORMATIONS LONDON LTD. You consider that FORMATIONS LONDON LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of FORMATIONS LONDON LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
291 Green Lanes
Palmers Green
London
N13 4XS
14 January 2025
Page 1

 
FORMATIONS LONDON LTD
REGISTERED NUMBER: 14049089

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
436,329
-

  
436,329
-

Current assets
  

Debtors
  
-
1,500

Cash at bank and in hand
 5 
136
41,161

  
136
42,661

Creditors: amounts falling due within one year
 6 
(184,219)
(43,264)

Net current liabilities
  
 
 
(184,083)
 
 
(603)

Total assets less current liabilities
  
252,246
(603)

Creditors: amounts falling due after more than one year
  
(276,285)
-

  

Net liabilities
  
(24,039)
(603)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(24,040)
(604)

  
(24,039)
(603)


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 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: 


Page 2

 
FORMATIONS LONDON LTD
REGISTERED NUMBER: 14049089
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

Huseyin Efkan Altinok
Director
Date: 14 January 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
FORMATIONS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Formations London Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 14049089. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

 
2.3

Revenue

Rental income
Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant takes possession or controls the physical use of the leased space.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Investment property

Investment property is carried at fair value determined annually by the Director 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

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 4

 
FORMATIONS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
436,329



At 30 April 2024
436,329

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



At 30 April 2024





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
136
41,161

136
41,161


Page 5

 
FORMATIONS LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
556
-

Other creditors
182,463
42,664

Accruals and deferred income
1,200
600

184,219
43,264



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
276,285
-

276,285
-



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
276,285
-

276,285
-



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Related party transactions

Included within Other Creditors due in less than 1 year are loan amounts due to the company director of £182,463 (2023: £42,664). The loan is unsecured, free of interest and repayable on demand.

Page 6

 
FORMATIONS LONDON LTD
 
 
 Page 7