Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true12023-05-01trueNo description of principal activity1true 08996045 2023-05-01 2024-04-30 08996045 2022-05-01 2023-04-30 08996045 2024-04-30 08996045 2023-04-30 08996045 c:Director1 2023-05-01 2024-04-30 08996045 d:CurrentFinancialInstruments 2024-04-30 08996045 d:CurrentFinancialInstruments 2023-04-30 08996045 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08996045 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08996045 d:ShareCapital 2024-04-30 08996045 d:ShareCapital 2023-04-30 08996045 d:RetainedEarningsAccumulatedLosses 2024-04-30 08996045 d:RetainedEarningsAccumulatedLosses 2023-04-30 08996045 c:EntityHasNeverTraded 2023-05-01 2024-04-30 08996045 c:FRS102 2023-05-01 2024-04-30 08996045 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08996045 c:FullAccounts 2023-05-01 2024-04-30 08996045 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08996045 2 2023-05-01 2024-04-30 08996045 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08996045









1ST CLASS NETWORKS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
1ST CLASS NETWORKS LIMITED
REGISTERED NUMBER: 08996045

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
86
86

Creditors: amounts falling due within one year
 4 
(2,143)
(2,143)

Net liabilities
  
(2,057)
(2,057)


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
(2,060)
(2,060)

  
(2,057)
(2,057)


For the year ended 30 April 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 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.




N M Kennedy
Director

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

Page 1

 
1ST CLASS NETWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

1st Class Networks Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Allen House, The Maltings, Sawbridgeworth, CM21 9JX and the registered number is 08996045.
The principal activity during the year was that of funding of property development projects through third parties.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method, where the expected life and cashflows of the related financial asset can be determined at the reporting date. Interest income is receivable by the company only when the underlying development project either successfully obtains external finance and can return interest or makes profit sufficient to repay interest to the company within the terms of the financing arrangements.

 
2.3

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
1ST CLASS NETWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instruments 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 and loans to related parties.


3.


Debtors

2024
2023
£
£


Other debtors
86
86



4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
13
13

Accruals and deferred income
2,130
2,130

2,143
2,143



5.


Related party transactions

Included within other debtors is an amount of £86 (2023 - £86) owed by director to the company. 
Included within other creditors is an amount of £13 (
2023 - £13) owed to the director and his close family.

Page 3