Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09997958 2023-05-01 2024-04-30 09997958 2022-05-01 2023-04-30 09997958 2024-04-30 09997958 2023-04-30 09997958 c:Director1 2023-05-01 2024-04-30 09997958 d:FurnitureFittings 2023-05-01 2024-04-30 09997958 d:FurnitureFittings 2024-04-30 09997958 d:FurnitureFittings 2023-04-30 09997958 d:FreeholdInvestmentProperty 2024-04-30 09997958 d:FreeholdInvestmentProperty 2023-04-30 09997958 d:CurrentFinancialInstruments 2024-04-30 09997958 d:CurrentFinancialInstruments 2023-04-30 09997958 d:Non-currentFinancialInstruments 2024-04-30 09997958 d:Non-currentFinancialInstruments 2023-04-30 09997958 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09997958 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09997958 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09997958 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09997958 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 09997958 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 09997958 d:ShareCapital 2024-04-30 09997958 d:ShareCapital 2023-04-30 09997958 d:RetainedEarningsAccumulatedLosses 2024-04-30 09997958 d:RetainedEarningsAccumulatedLosses 2023-04-30 09997958 c:OrdinaryShareClass1 2023-05-01 2024-04-30 09997958 c:OrdinaryShareClass1 2024-04-30 09997958 c:OrdinaryShareClass1 2023-04-30 09997958 c:FRS102 2023-05-01 2024-04-30 09997958 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09997958 c:FullAccounts 2023-05-01 2024-04-30 09997958 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09997958 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09997958









FINCHLEY SSB LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FINCHLEY SSB LIMITED
REGISTERED NUMBER: 09997958

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
1,166,268
1,166,268

  
1,166,268
1,166,268

Current assets
  

Cash at bank and in hand
  
91,902
81,431

  
91,902
81,431

Creditors: amounts falling due within one year
 6 
(292,349)
(292,384)

Net current liabilities
  
 
 
(200,447)
 
 
(210,953)

Total assets less current liabilities
  
965,821
955,315

Creditors: amounts falling due after more than one year
 7 
(656,086)
(695,179)

  

Net assets
  
309,735
260,136


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
309,635
260,036

  
309,735
260,136


Page 1

 
FINCHLEY SSB LIMITED
REGISTERED NUMBER: 09997958
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider 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 directors acknowledge their 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 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 30 January 2025.




Santokh Singh
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FINCHLEY SSB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the
United Kingdom, registration number 09997958. The Company's registered office is 182B Waterloo Road, Smethwick, England, B66 4NB.
The financial statements are presented in sterling which is the functional currency of the company and
the financial statements are 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a
cash flow statement on the grounds that it qualifies as a small company.

 
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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

Page 3

 
FINCHLEY SSB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.8

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.

 
2.9

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.

Page 4

 
FINCHLEY SSB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees
2
2


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
1,026



At 30 April 2024

1,026



Depreciation


At 1 May 2023
1,026



At 30 April 2024

1,026



Net book value



At 30 April 2024
-



At 30 April 2023
-

Page 5

 
FINCHLEY SSB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
1,166,268



At 30 April 2024
1,166,268

The 2024 valuations were made by the directors, on an open market value for existing use basis.





6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
41,121
41,121

Corporation tax
16,533
13,104

Other creditors
233,375
236,899

Accruals and deferred income
1,320
1,260

292,349
292,384


The following liabilities were secured:

2024
2023
£
£



Bank loans
31,121
31,121

31,121
31,121

Details of security provided:

Bank Loans are secured against the assets of the company and contain fixed and floating charges.

Page 6

 
FINCHLEY SSB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
656,086
695,179

656,086
695,179


The following liabilities were secured:

2024
2023
£
£



Bank loans
632,800
666,422

632,800
666,422

Details of security provided:

Bank Loans are secured against the assets of the company and contain fixed and floating charges. 


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
41,121
41,121


41,121
41,121

Amounts falling due 1-2 years

Bank loans
656,086
695,179


656,086
695,179



697,207
736,300


Page 7

 
FINCHLEY SSB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8