Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityfalse42023-04-014truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13866881 2023-04-01 2024-03-31 13866881 2022-01-24 2023-03-31 13866881 2024-03-31 13866881 2023-03-31 13866881 c:Director3 2023-04-01 2024-03-31 13866881 d:LeaseholdInvestmentProperty 2023-04-01 2024-03-31 13866881 d:LeaseholdInvestmentProperty 2024-03-31 13866881 d:LeaseholdInvestmentProperty 2023-03-31 13866881 d:CurrentFinancialInstruments 2024-03-31 13866881 d:CurrentFinancialInstruments 2023-03-31 13866881 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13866881 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13866881 d:ShareCapital 2024-03-31 13866881 d:ShareCapital 2023-03-31 13866881 d:RetainedEarningsAccumulatedLosses 2024-03-31 13866881 d:RetainedEarningsAccumulatedLosses 2023-03-31 13866881 c:FRS102 2023-04-01 2024-03-31 13866881 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13866881 c:FullAccounts 2023-04-01 2024-03-31 13866881 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13866881 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13866881









PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED
REGISTERED NUMBER: 13866881

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
579,136
287,036

  
579,136
287,036

Current assets
  

Debtors: amounts falling due within one year
 5 
33,517
30,654

Cash at bank and in hand
 6 
26,699
52,180

  
60,216
82,834

Creditors: amounts falling due within one year
 7 
(560,012)
(326,737)

Net current liabilities
  
 
 
(499,796)
 
 
(243,903)

Total assets less current liabilities
  
79,340
43,133

  

Net assets
  
79,340
43,133


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
79,339
43,132

  
79,340
43,133


Page 1

 
PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED
REGISTERED NUMBER: 13866881
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 5 March 2025.




S D Moss
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Property Reinstatement Repairs and Management Limited is a private company, limited by shares, registered in England and Wales (registered number: 13866881). 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 entity to operate as a going concern, management have evaluated
current and forecasted operational results, and the solvency of the entity. As a result, the directors
consider it’s 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

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.

Page 3

 
PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 year was 4 (2023 - 4).

Page 4

 
PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2023
287,036


Additions at cost
292,100



At 31 March 2024
579,136

The 2024 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:

2024
2023
£
£


Historic cost
579,136
287,036

579,136
287,036


5.


Debtors

2024
2023
£
£


Other debtors
27,155
26,510

Prepayments and accrued income
6,362
4,144

33,517
30,654



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,699
52,180

26,699
52,180


Page 5

 
PROPERTY REINSTATEMENT REPAIRS AND MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
10,118

Other creditors
546,041
302,135

Accruals and deferred income
13,971
14,484

560,012
326,737


 
Page 6