Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11199375 2023-03-01 2024-02-29 11199375 2022-03-01 2023-02-28 11199375 2024-02-29 11199375 2023-02-28 11199375 c:Director1 2023-03-01 2024-02-29 11199375 c:Director2 2023-03-01 2024-02-29 11199375 d:OfficeEquipment 2023-03-01 2024-02-29 11199375 d:OfficeEquipment 2024-02-29 11199375 d:OfficeEquipment 2023-02-28 11199375 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11199375 d:ComputerEquipment 2023-03-01 2024-02-29 11199375 d:ComputerEquipment 2024-02-29 11199375 d:ComputerEquipment 2023-02-28 11199375 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11199375 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11199375 d:CurrentFinancialInstruments 2024-02-29 11199375 d:CurrentFinancialInstruments 2023-02-28 11199375 d:Non-currentFinancialInstruments 2024-02-29 11199375 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11199375 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11199375 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 11199375 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11199375 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 11199375 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 11199375 d:ShareCapital 2024-02-29 11199375 d:ShareCapital 2023-02-28 11199375 d:RetainedEarningsAccumulatedLosses 2024-02-29 11199375 d:RetainedEarningsAccumulatedLosses 2023-02-28 11199375 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11199375 c:OrdinaryShareClass1 2024-02-29 11199375 c:OrdinaryShareClass1 2023-02-28 11199375 c:FRS102 2023-03-01 2024-02-29 11199375 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11199375 c:FullAccounts 2023-03-01 2024-02-29 11199375 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11199375 2 2023-03-01 2024-02-29 11199375 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11199375









BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024


 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 11199375

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,223
45,302

  
34,223
45,302

Current assets
  

Debtors: amounts falling due within one year
 5 
477,958
478,505

Cash at bank and in hand
 6 
35,571
119,370

  
513,529
597,875

Creditors: amounts falling due within one year
 7 
(413,017)
(539,357)

Net current assets
  
 
 
100,512
 
 
58,518

Total assets less current liabilities
  
134,735
103,820

Creditors: amounts falling due after more than one year
 8 
(37,376)
(44,575)

  

Net assets
  
97,359
59,245


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
97,358
59,244

  
97,359
59,245


Page 1

 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 11199375
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 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 on 17 February 2025.




M Morrison
C Walker
Director
Director

Page 2

 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Boundary Real Esate Asset Management Limited is a private company, limited by shares, incorporated in England and Wales (registered number - 11199375). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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 reporting date in the countries where the Company operates and generates income.


 
2.8

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:

Office equipment
-
25%
straight -line
Computer equipment
-
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.

 
2.9

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.

 
2.10

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

 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets







Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
79,627
5,655
85,282


Additions
8,525
2,501
11,026



At 29 February 2024

88,152
8,156
96,308



Depreciation


At 1 March 2023
36,785
3,194
39,979


Charge for the year on owned assets
20,769
1,337
22,106



At 29 February 2024

57,554
4,531
62,085



Net book value



At 29 February 2024
30,598
3,625
34,223



At 28 February 2023
42,841
2,461
45,302

Page 5

 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
33,442
23,445

Amounts owed by group undertakings
423,603
424,701

Other debtors
7,792
16,624

Prepayments and accrued income
13,121
13,735

477,958
478,505



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
35,571
119,370

Less: bank overdrafts
(410)
(3,171)

35,161
116,199



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
410
3,171

Trade creditors
15,359
20,830

Corporation tax
88,152
67,480

Other taxation and social security
2,061
2,598

Other creditors
9,338
7,670

Accruals and deferred income
297,697
437,608

413,017
539,357


Page 6

 
BOUNDARY REAL ESTATE ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
2024
£

Other loans
37,376

37,376



9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£


Amounts falling due 1-2 years

Other loans
37,377
44,573


37,377
44,573





10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 7