Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-17falseBuying and selling of own real estatetrue 14737375 2023-03-16 14737375 2023-03-17 2024-07-31 14737375 2022-08-01 2023-03-16 14737375 2024-07-31 14737375 c:Director1 2023-03-17 2024-07-31 14737375 c:Director1 2024-07-31 14737375 c:Director2 2023-03-17 2024-07-31 14737375 c:Director2 2024-07-31 14737375 c:Director3 2023-03-17 2024-07-31 14737375 c:Director3 2024-07-31 14737375 c:RegisteredOffice 2023-03-17 2024-07-31 14737375 d:CurrentFinancialInstruments 2024-07-31 14737375 d:Non-currentFinancialInstruments 2024-07-31 14737375 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14737375 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 14737375 d:ShareCapital 2024-07-31 14737375 d:RetainedEarningsAccumulatedLosses 2024-07-31 14737375 c:FRS102 2023-03-17 2024-07-31 14737375 c:AuditExempt-NoAccountantsReport 2023-03-17 2024-07-31 14737375 c:FullAccounts 2023-03-17 2024-07-31 14737375 c:PrivateLimitedCompanyLtd 2023-03-17 2024-07-31 14737375 e:PoundSterling 2023-03-17 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 14737375














MICHELDEVER INVESTMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JULY 2024

 
MICHELDEVER INVESTMENTS LTD
 
 
COMPANY INFORMATION


Directors
D A Woolman (appointed 17 March 2023)
B C Woolman (appointed 17 March 2023)
I Shiraishi Ferreira (appointed 17 March 2023)




Registered number
14737375



Registered office
Third Floor Winston House
2 Dollis Park

London

United Kingdom

N3 1HG




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
MICHELDEVER INVESTMENTS LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
MICHELDEVER INVESTMENTS LTD
REGISTERED NUMBER:14737375

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
Note
£

  

Current assets
  

Stocks
  
4,337,110

Debtors: amounts falling due within one year
 4 
145,625

Cash at bank and in hand
  
71,745

  
4,554,480

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,428,485)

Net current assets
  
 
 
3,125,995

Total assets less current liabilities
  
3,125,995

Creditors: amounts falling due after more than one year
 6 
(3,135,925)

Net (liabilities)/assets
  
(9,930)


Capital and reserves
  

Called up share capital 
  
99

Profit and loss account
  
(10,029)

  
(9,930)


Page 1

 
MICHELDEVER INVESTMENTS LTD
REGISTERED NUMBER:14737375
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 by: 




D A Woolman
Director

Date: 17 March 2025

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

Page 2

 
MICHELDEVER INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Micheldever Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Third Floor, Winston House, 2 Dollis Park, London, United Kingdom, N3 1HG.
The principal activity of the company during the period was that of buying and selling of own real estate.
The company was incorporated on 17 March 2023 and commenced trading on 23 August 2023.
The company's functional and presentational currency is £ Sterling. 

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have the continued support from its lenders and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Borrowing costs

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

 
2.4

Stocks

Stock comprises of properties and are stated at lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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.

 
2.6

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 3

 
MICHELDEVER INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 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 period was 3.

Page 4

 
MICHELDEVER INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Debtors

2024
£


Other debtors
129,192

Prepayments and accrued income
16,433

145,625



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
43,850

Other creditors
1,349,498

Accruals and deferred income
35,137

1,428,485



6.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
3,135,925

3,135,925


Other loans are secured by way of a fixed and floating charge dated 17 April 2024.


7.


Related party transactions

Included within other creditors are amounts owed to related parties totalling £1,349,498, being unsecured, interest free and repayable on demand loans from companies where the directors have material interest or execute significant control.

 
Page 5