Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-082 14716441 2023-03-07 14716441 2023-03-08 2024-03-31 14716441 2022-03-08 2023-03-07 14716441 2024-03-31 14716441 c:Director2 2023-03-08 2024-03-31 14716441 d:OfficeEquipment 2023-03-08 2024-03-31 14716441 d:OfficeEquipment 2024-03-31 14716441 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-08 2024-03-31 14716441 d:FreeholdInvestmentProperty 2023-03-08 2024-03-31 14716441 d:FreeholdInvestmentProperty 2024-03-31 14716441 d:CurrentFinancialInstruments 2024-03-31 14716441 d:Non-currentFinancialInstruments 2024-03-31 14716441 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14716441 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14716441 d:ShareCapital 2024-03-31 14716441 d:RetainedEarningsAccumulatedLosses 2024-03-31 14716441 c:OrdinaryShareClass1 2023-03-08 2024-03-31 14716441 c:OrdinaryShareClass1 2024-03-31 14716441 c:FRS102 2023-03-08 2024-03-31 14716441 c:AuditExempt-NoAccountantsReport 2023-03-08 2024-03-31 14716441 c:FullAccounts 2023-03-08 2024-03-31 14716441 c:PrivateLimitedCompanyLtd 2023-03-08 2024-03-31 14716441 2 2023-03-08 2024-03-31 14716441 e:PoundSterling 2023-03-08 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14716441









TSP 79 CR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
TSP 79 CR LIMITED
REGISTERED NUMBER: 14716441

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
168,131

Investment property
 5 
7,131,921

  
7,300,052

Current assets
  

Debtors: amounts falling due within one year
 6 
176,974

Cash at bank and in hand
 7 
143,580

  
320,554

Creditors: amounts falling due within one year
 8 
(229,894)

Net current assets
  
 
 
90,660

Total assets less current liabilities
  
7,390,712

Creditors: amounts falling due after more than one year
 9 
(7,782,812)

  

Net (liabilities)/assets
  
(392,100)


Capital and reserves
  

Called up share capital 
 10 
1

Profit and loss account
  
(392,101)

  
(392,100)


Page 1

 
TSP 79 CR LIMITED
REGISTERED NUMBER: 14716441
    
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 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 on 7 March 2025.




A Friedlander
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TSP 79 CR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

TSP 79 CR Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.
The company was incorporated on 8 March 2023

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the director and shareholder for financial support, which the director is confident will continue for a period of at least another 12 months following the approval of these financial statements.
The director and shareholder has indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the director and shareholder.

 
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.

Page 3

 
TSP 79 CR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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
-
20%

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.

 
2.8

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.

 
2.9

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.

Page 4

 
TSP 79 CR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
178,377



At 31 March 2024

178,377



Depreciation


Charge for the period on owned assets
10,246



At 31 March 2024

10,246



Net book value



At 31 March 2024
168,131

Page 5

 
TSP 79 CR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
7,131,921



At 31 March 2024
7,131,921

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








6.


Debtors

2024
£


Trade debtors
2,409

Other debtors
154,951

Prepayments and accrued income
19,614

176,974



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
143,580

143,580


Page 6

 
TSP 79 CR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
41,482

Other creditors
70,704

Accruals and deferred income
117,708

229,894



9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
4,532,812

Amounts owed to group undertakings
3,250,000

7,782,812



10.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


The Company has been incorporated with 1 Ordinary share of £1 each on 8 March 2023.


11.


Controlling party

The name of the parent company is TSP 79 CR Holdco Limited, and the address of its registered ofiice is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

 
Page 7