Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-05-18falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14877397 2023-05-17 14877397 2023-05-18 2024-05-31 14877397 2022-06-01 2023-05-17 14877397 2024-05-31 14877397 c:Director1 2023-05-18 2024-05-31 14877397 d:Buildings 2023-05-18 2024-05-31 14877397 d:Buildings 2024-05-31 14877397 d:LandBuildings 2024-05-31 14877397 d:CurrentFinancialInstruments 2024-05-31 14877397 d:Non-currentFinancialInstruments 2024-05-31 14877397 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14877397 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14877397 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 14877397 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 14877397 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 14877397 d:ShareCapital 2023-05-18 2024-05-31 14877397 d:ShareCapital 2024-05-31 14877397 d:RetainedEarningsAccumulatedLosses 2023-05-18 2024-05-31 14877397 d:RetainedEarningsAccumulatedLosses 2024-05-31 14877397 c:FRS102 2023-05-18 2024-05-31 14877397 c:AuditExempt-NoAccountantsReport 2023-05-18 2024-05-31 14877397 c:FullAccounts 2023-05-18 2024-05-31 14877397 c:PrivateLimitedCompanyLtd 2023-05-18 2024-05-31 14877397 2 2023-05-18 2024-05-31 14877397 e:PoundSterling 2023-05-18 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14877397









TOWER BRIDGE KINGDOM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
TOWER BRIDGE KINGDOM LIMITED
REGISTERED NUMBER: 14877397

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,580,000

  
1,580,000

Current assets
  

Debtors: amounts falling due within one year
 5 
72,000

Cash at bank and in hand
 6 
1,004

  
73,004

Creditors: amounts falling due within one year
 7 
(102,477)

Net current (liabilities)/assets
  
 
 
(29,473)

Total assets less current liabilities
  
1,550,527

Creditors: amounts falling due after more than one year
 8 
(1,588,862)

  

Net (liabilities)/assets
  
(38,335)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(38,336)

  
(38,335)


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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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 22 January 2025.



Page 1

 
TOWER BRIDGE KINGDOM LIMITED
REGISTERED NUMBER: 14877397
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024


Yu Wu
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
TOWER BRIDGE KINGDOM LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period

-
(38,336)
(38,336)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(38,336)
(38,336)


Contributions by and distributions to owners

Shares issued during the period
1
-
1


Total transactions with owners
1
-
1


At 31 May 2024
1
(38,336)
(38,335)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
TOWER BRIDGE KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The company is a private company limited by shares and incorporated in England. It's registered office is 151f Tower Bridge Road London SE1 3JE.

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

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

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. 
Turnover represents income from investment property transactions and is recognised as it is earned.
 

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

 
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.

Page 4

 
TOWER BRIDGE KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2024
            No.






Average Number of Employees
1


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
1,580,000



At 31 May 2024

1,580,000






Net book value



At 31 May 2024
1,580,000




The net book value of land and buildings may be further analysed as follows:


2024
£

Freehold
1,580,000

1,580,000


Page 5

 
TOWER BRIDGE KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Debtors

2024
£


Trade debtors
72,000

72,000



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,004

1,004



7.


Creditors: Amounts falling due within one year

2024
£

Other loans
90,000

Other taxation and social security
10,477

Accruals and deferred income
2,000

102,477



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
1,588,862

1,588,862


Other loans consists of a loan from Wendu Wu Tours Limited. The loan is for a period of 25 years with a capital repayment of £7,500 per month. Interest is payable at 5% per annum if demanded.

Page 6

 
TOWER BRIDGE KINGDOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Other loans
90,000


90,000

Amounts falling due 1-2 years

Other loans
90,000


90,000

Amounts falling due 2-5 years

Other loans
270,000


270,000

Amounts falling due after more than 5 years

Other loans
1,228,862

1,228,862

1,678,862



10.


Related party transactions

Wendy Wu Tours Limited - Ms Yu Wu the director and shareholder , is also a director and shareholder in Wendy Wu Tours Limited. Wendy Wu Tours Limited paid rent amounting to £60,000 during the year. Amount due from the related party -  £72,000 is included in debtors less than 1 year. 
Wendy Wu Tours Ltd also provided a loan of £1,678,862 ( See note 8). Amount due to the related party -£1,678,862 is included in creditors due within one year and more than one year.


11.


Controlling party

The ultimate controlling party is Ms Yu Wu by virtue of her controlling interest in the Company.

 
Page 7