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Registered number: 11531797









TCC PAVILION LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
TCC PAVILION LIMITED
REGISTERED NUMBER: 11531797

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,701,689
1,825,984

Current assets
  

Stocks
  
8,989
8,840

Debtors: amounts falling due within one year
 5 
40,706
32,700

Cash at bank and in hand
 6 
6,228
16,841

  
55,923
58,381

Creditors: amounts falling due within one year
 7 
(296,338)
(318,330)

Net current liabilities
  
 
 
(240,415)
 
 
(259,949)

Total assets less current liabilities
  
1,461,274
1,566,035

Creditors: amounts falling due after more than one year
 8 
(1,459,591)
(1,563,525)

  

Net assets
  
1,683
2,510


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,681
2,508

  
1,683
2,510

Page 1

 
TCC PAVILION LIMITED
REGISTERED NUMBER: 11531797
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 20 January 2025.




J A Hamblin
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
TCC PAVILION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

TCC Pavilion Limited is a private company limited by shares. The company is registered in England and Wales, company number 11531797. The company's registered office is 1 The Green, Richmond, United Kingdom, TW9 1PL.
The financial statements are presented in pound sterling (£) which is the functional currency of the company and rounded to the nearest pound.

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.

 
2.2

Going concern

The financial statements are prepared 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:

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 3

 
TCC PAVILION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Government and other grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
5%
Straight line
Plant and machinery
-
33%
Straight line
Fixtures and fittings
-
20%
Straight line
Office equipment
-
33%
Straight line

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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

 
TCC PAVILION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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 21 (2023 - 18).


4.


Tangible fixed assets





Leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
2,219,002
54,330
56,151
3,953
2,333,436


Additions
11,363
-
-
-
11,363


Disposals
(5,000)
(8,479)
-
-
(13,479)



At 31 October 2024

2,225,365
45,851
56,151
3,953
2,331,320



Depreciation


At 1 November 2023
440,285
21,669
42,254
3,244
507,452


Charge for the year on owned assets
111,802
4,602
11,230
355
127,989


Disposals
-
(5,810)
-
-
(5,810)



At 31 October 2024

552,087
20,461
53,484
3,599
629,631



Net book value



At 31 October 2024
1,673,278
25,390
2,667
354
1,701,689



At 31 October 2023
1,778,717
32,661
13,897
709
1,825,984

Page 5

 
TCC PAVILION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
12,135
12,438

Other debtors
1,870
1,373

Prepayments and accrued income
26,701
18,889

40,706
32,700



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,228
16,841



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
956
18,785

Other taxation and social security
2,207
5,018

Other creditors
164,821
166,658

Accruals and deferred income
128,354
127,869

296,338
318,330



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Accruals and deferred income
1,459,591
1,563,525


 
Page 6