Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311trueNo description of principal activitytrue1false2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13529959 2022-12-31 13529959 2023-01-01 2023-12-31 13529959 2022-09-01 2023-08-31 13529959 2023-12-31 13529959 2023-08-31 13529959 c:Director1 2023-01-01 2023-12-31 13529959 d:CurrentFinancialInstruments 2023-12-31 13529959 d:CurrentFinancialInstruments 2023-08-31 13529959 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13529959 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13529959 d:ShareCapital 2023-12-31 13529959 d:ShareCapital 2023-08-31 13529959 d:RetainedEarningsAccumulatedLosses 2023-12-31 13529959 d:RetainedEarningsAccumulatedLosses 2023-08-31 13529959 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13529959 c:OrdinaryShareClass1 2023-12-31 13529959 c:OrdinaryShareClass1 2023-08-31 13529959 c:FRS102 2023-01-01 2023-12-31 13529959 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13529959 c:FullAccounts 2023-01-01 2023-12-31 13529959 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13529959 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13529959









9 NEWLANDS AVENUE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
9 NEWLANDS AVENUE LIMITED
REGISTERED NUMBER: 13529959

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
Note
£
£

  

Current assets
  

Stocks
 4 
9,294,713
9,210,249

Debtors: amounts falling due within one year
 5 
16,034
21,053

Cash at bank and in hand
 6 
54,160
33,292

  
9,364,907
9,264,594

Creditors: amounts falling due within one year
 7 
(9,380,877)
(9,280,314)

Net current liabilities
  
 
 
(15,970)
 
 
(15,720)

Total assets less current liabilities
  
(15,970)
(15,720)

  

Net liabilities
  
(15,970)
(15,720)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(16,070)
(15,820)

Total equity
  
(15,970)
(15,720)


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 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 comprehensive income 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: 




L J Beck
Director

Page 1

 
9 NEWLANDS AVENUE LIMITED
REGISTERED NUMBER: 13529959
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

Date: 30 January 2025

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

Page 2

 
9 NEWLANDS AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

9 Newlands Avenue Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

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 weighted average 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.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 3

 
9 NEWLANDS AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.7

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 4

 
9 NEWLANDS AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees



The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


Stocks

2023
2023
£
£

Long-term contract balances
9,294,713
9,210,249



5.


Debtors

2023
2023
£
£


Other debtors
16,034
21,053



6.


Cash and cash equivalents

2023
2023
£
£

Cash at bank and in hand
54,160
33,292



7.


Creditors: Amounts falling due within one year

2023
2023
£
£

Trade creditors
2,024
16,288

Other creditors
9,376,803
9,261,803

Accruals and deferred income
2,050
2,223

9,380,877
9,280,314


Other creditors totalling £1,626,803 (2023 - £1,511,803) are secured on the company's development property.


8.


Share capital

2023
2023
£
£
Allotted, called up and fully paid



Page 5

 
9 NEWLANDS AVENUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.Share capital (continued)

100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

During the period the director made loans totalling £115,000 (2023 - £2,119) to the company and was repaid £Nil (2023 - £2,530,000). As at the balance sheet date £1,626,803 (2023 - £1,511,803) was due to the director.

 
Page 6