Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalsetrueOther letting and operating of owned or leased real estate11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13070942 2023-04-01 2024-03-31 13070942 2022-04-01 2023-03-31 13070942 2024-03-31 13070942 2023-03-31 13070942 c:Director1 2023-04-01 2024-03-31 13070942 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 13070942 d:FreeholdInvestmentProperty 2024-03-31 13070942 d:FreeholdInvestmentProperty 2023-03-31 13070942 d:CurrentFinancialInstruments 2024-03-31 13070942 d:CurrentFinancialInstruments 2023-03-31 13070942 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13070942 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13070942 d:ShareCapital 2024-03-31 13070942 d:ShareCapital 2023-03-31 13070942 d:RetainedEarningsAccumulatedLosses 2024-03-31 13070942 d:RetainedEarningsAccumulatedLosses 2023-03-31 13070942 c:FRS102 2023-04-01 2024-03-31 13070942 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13070942 c:FullAccounts 2023-04-01 2024-03-31 13070942 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13070942 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13070942










M-SE14DQ WILDS RENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
M-SE14DQ WILDS RENT LIMITED
REGISTERED NUMBER: 13070942

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
5,011,671
2,681,884

  
5,011,671
2,681,884

Current assets
  

Debtors: amounts falling due within one year
 5 
9,623
5,448

Cash at bank and in hand
  
371,181
456,290

  
380,804
461,738

Creditors: amounts falling due within one year
 6 
(5,438,202)
(3,172,462)

Net current liabilities
  
 
 
(5,057,398)
 
 
(2,710,724)

Total assets less current liabilities
  
(45,727)
(28,840)

  

Net liabilities
  
(45,727)
(28,840)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(45,827)
(28,940)

  
(45,727)
(28,840)


Page 1

 
M-SE14DQ WILDS RENT LIMITED
REGISTERED NUMBER: 13070942
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 or the director's report 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: 




Dimitri El Saddi
Director

Date: 30 January 2025

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

Page 2

 
M-SE14DQ WILDS RENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

M-SE14DQ Wilds Rent Limited (13070942) is a private company limited by shares and incorporated in England and Wales. The registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. 

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

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors which, in the opinion of the director, the company has for the foreseeable future.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 3

 
M-SE14DQ WILDS RENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are 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 within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 4

 
M-SE14DQ WILDS RENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Investment property

£



Valuation


At 1 April 2023
2,681,884


Additions at cost
2,329,787



At 31 March 2024
5,011,671









5.


Debtors

2024
2023
£
£


Prepayments and accrued income
9,623
5,448



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
5,438,202
3,172,462



7.


Related party transactions

Included within creditors, is an amount of £5,438,202 (2023: £3,172,462) owed to the parent company. This amount is interest free and repayable on demand.

 
Page 5