Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-05-01false11 11960875 2023-05-01 2024-04-30 11960875 2022-05-01 2023-04-30 11960875 2024-04-30 11960875 2023-04-30 11960875 c:Director1 2023-05-01 2024-04-30 11960875 d:CurrentFinancialInstruments 2024-04-30 11960875 d:CurrentFinancialInstruments 2023-04-30 11960875 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11960875 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11960875 d:RetainedEarningsAccumulatedLosses 2024-04-30 11960875 d:RetainedEarningsAccumulatedLosses 2023-04-30 11960875 c:FRS102 2023-05-01 2024-04-30 11960875 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11960875 c:FullAccounts 2023-05-01 2024-04-30 11960875 c:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11960875









BUILDINGS AND CITIES LTD
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
BUILDINGS AND CITIES LTD
 
(A company limited by guarantee)
REGISTERED NUMBER: 11960875

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
9,256

Bank and cash balances
  
41,783
38,241

  
41,783
47,497

Creditors: amounts falling due within one year
 5 
(2,866)
(4,472)

Net current assets
  
 
 
38,917
 
 
43,025

Total assets less current liabilities
  
38,917
43,025

  

Net assets
  
38,917
43,025


Capital and reserves
  

Profit and loss account
  
38,917
43,025

  
38,917
43,025


Page 1

 
BUILDINGS AND CITIES LTD
 
(A company limited by guarantee)
REGISTERED NUMBER: 11960875
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 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: 




Richard Lorch
Director

Date: 28 January 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
BUILDINGS AND CITIES LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The principal activity of the Company is the publishing of books, journals and periodicals.
The Company is a private company limited by guarantee and incorporated in England and Wales.
The Registered Office address is 35 Ballards Lane, London, United Kingdom, N3 1XW.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making appropriate enquiries, the Director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 

 
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.

 
2.4

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.
Page 3

 
BUILDINGS AND CITIES LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
BUILDINGS AND CITIES LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
9,256

-
9,256



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,282
1,598

Other creditors
-
1,434

Accruals and deferred income
1,584
1,440

2,866
4,472




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


7.


Related party transactions

Included in the other creditors is a balance of £Nil (2023: £1,434) owed to the Director.

Page 5