Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The principal activity of the company is that of letting and operating of own or leased real estate.22022-12-05falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14524205 2022-12-04 14524205 2022-12-05 2023-12-31 14524205 2021-12-05 2022-12-04 14524205 2023-12-31 14524205 c:Director1 2022-12-05 2023-12-31 14524205 d:FreeholdInvestmentProperty 2022-12-05 2023-12-31 14524205 d:FreeholdInvestmentProperty 2023-12-31 14524205 d:CurrentFinancialInstruments 2023-12-31 14524205 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14524205 d:ShareCapital 2023-12-31 14524205 d:RetainedEarningsAccumulatedLosses 2023-12-31 14524205 c:OrdinaryShareClass1 2022-12-05 2023-12-31 14524205 c:OrdinaryShareClass1 2023-12-31 14524205 c:FRS102 2022-12-05 2023-12-31 14524205 c:AuditExempt-NoAccountantsReport 2022-12-05 2023-12-31 14524205 c:FullAccounts 2022-12-05 2023-12-31 14524205 c:PrivateLimitedCompanyLtd 2022-12-05 2023-12-31 14524205 e:PoundSterling 2022-12-05 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14524205









FOCUS SPV1 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
FOCUS SPV1 LIMITED
REGISTERED NUMBER: 14524205

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investment property
  
791,009

  
791,009

Current assets
  

Debtors: amounts falling due within one year
 5 
4,009

  
4,009

Creditors: amounts falling due within one year
 6 
(891,010)

Net current (liabilities)/assets
  
 
 
(887,001)

Total assets less current liabilities
  
(95,992)

  

Net (liabilities)/assets
  
(95,992)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(96,092)

  
(95,992)


Page 1

 
FOCUS SPV1 LIMITED
REGISTERED NUMBER: 14524205
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 Period 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 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: 




A R Flynn
Director

Date: 13 February 2025

Page 2

 
FOCUS SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Focus SPV1 Limited is a private company limited by shares and incorporated in England (registered number 14524205). Its registered office is 101 New Cavendish street, 1st floor South, London, W1W 6XH.
The company was incorporated on 5 December 2022 and started trading on the same day. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
  
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
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

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.

 
2.5

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.

Page 3

 
FOCUS SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 directors, during the Period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
791,009



At 31 December 2023
791,009

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
791,009

791,009


5.


Debtors

2023
£


Other debtors
100

Prepayments and accrued income
3,909

4,009
Page 4

 
FOCUS SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.Debtors (continued)




6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
889,810

Accruals and deferred income
1,200

891,010



7.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares shares of £1.00 each
100


On 5 December 2022, the day of incorporation, the company issued 100 Ordinary shares of £1 each.


8.


Related party transactions

Included within other creditors is £889,810 owed to a company under common control of one of the directors.

 
Page 5