Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsefalsetrue2022-11-01No description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10224183 2022-11-01 2023-10-31 10224183 2021-11-01 2022-10-31 10224183 2023-10-31 10224183 2022-10-31 10224183 c:Director1 2022-11-01 2023-10-31 10224183 c:Director2 2022-11-01 2023-10-31 10224183 c:RegisteredOffice 2022-11-01 2023-10-31 10224183 d:CurrentFinancialInstruments 2023-10-31 10224183 d:CurrentFinancialInstruments 2022-10-31 10224183 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10224183 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10224183 d:ShareCapital 2023-10-31 10224183 d:ShareCapital 2022-10-31 10224183 d:RetainedEarningsAccumulatedLosses 2023-10-31 10224183 d:RetainedEarningsAccumulatedLosses 2022-10-31 10224183 c:FRS102 2022-11-01 2023-10-31 10224183 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10224183 c:FullAccounts 2022-11-01 2023-10-31 10224183 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10224183 6 2022-11-01 2023-10-31 10224183 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 10224183







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


OSTERLEY ESTATES LIMITED






































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OSTERLEY ESTATES LIMITED
 


 
COMPANY INFORMATION


Directors
K K Pattni 
J H Rosenhaus 




Registered number
10224183



Registered office
Apt 6
Whitehall Place

London

SW1A 2BD




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


OSTERLEY ESTATES LIMITED
REGISTERED NUMBER:10224183



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,856,748
1,856,748

  
1,856,748
1,856,748

Current assets
  

Cash at bank and in hand
  
4
4

  
4
4

Creditors: amounts falling due within one year
 5 
(5,120,759)
(4,414,788)

Net current liabilities
  
 
 
(5,120,755)
 
 
(4,414,784)

Total assets less current liabilities
  
(3,264,007)
(2,558,036)

  

Net liabilities
  
(3,264,007)
(2,558,036)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(3,264,011)
(2,558,040)

  
(3,264,007)
(2,558,036)


Page 1

 


OSTERLEY ESTATES LIMITED
REGISTERED NUMBER:10224183


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 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 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 by: 




J H Rosenhaus
Director

Date: 28 February 2025

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

Page 2

 


OSTERLEY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Osterley Estates Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

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

As at the balance sheet date the company had net current liabilities of £3,264,005. The company has support from its parent company by way of a loan totalling  £5,071,006 as at the year end. This loan will not be requested for repayment until the company has sufficient funds. It is therefore the directors' opinion that the going concern basis of preparation continues to be appropriate.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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 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.

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
Page 3

 


OSTERLEY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
1,856,748



At 31 October 2023
1,856,748




There is a charge on the shares in the company's subsidiary in relation to a loan provided to the parent company.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
5,071,006
4,368,695

Other creditors
38,293
38,293

Accruals and deferred income
11,460
7,800

5,120,759
4,414,788


Page 4

 


OSTERLEY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Related party transactions

Included within creditors is a loan balance of £5,071,006 (2022: £4,368,695) and other creditors of £1,383 (2022: £1,383) owed to the holding company. During the period, interest charged on these loans amounted to £702,284 (2022: £605,044).
Also included in other creditors is £10,204 (2022: £10,204) owed to a company with shared directorship.

 
Page 5