Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3086000026636001Other letting and operating of own or leased real estate12023-10-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02836135 2023-10-01 2024-09-30 02836135 2022-10-01 2023-09-30 02836135 2024-09-30 02836135 2023-09-30 02836135 c:Director2 2023-10-01 2024-09-30 02836135 d:OfficeEquipment 2023-10-01 2024-09-30 02836135 d:OfficeEquipment 2024-09-30 02836135 d:OfficeEquipment 2023-09-30 02836135 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02836135 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 02836135 d:FreeholdInvestmentProperty 2024-09-30 02836135 d:FreeholdInvestmentProperty 2023-09-30 02836135 d:LeaseholdInvestmentProperty 2023-10-01 2024-09-30 02836135 d:LeaseholdInvestmentProperty 2024-09-30 02836135 d:LeaseholdInvestmentProperty 2023-09-30 02836135 d:CurrentFinancialInstruments 2024-09-30 02836135 d:CurrentFinancialInstruments 2023-09-30 02836135 d:Non-currentFinancialInstruments 2024-09-30 02836135 d:Non-currentFinancialInstruments 2023-09-30 02836135 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02836135 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02836135 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 02836135 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 02836135 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 02836135 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 02836135 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 02836135 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 02836135 d:ShareCapital 2024-09-30 02836135 d:ShareCapital 2023-09-30 02836135 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 02836135 d:RetainedEarningsAccumulatedLosses 2024-09-30 02836135 d:RetainedEarningsAccumulatedLosses 2023-09-30 02836135 c:OrdinaryShareClass1 2023-10-01 2024-09-30 02836135 c:OrdinaryShareClass1 2024-09-30 02836135 c:OrdinaryShareClass1 2023-09-30 02836135 c:FRS102 2023-10-01 2024-09-30 02836135 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02836135 c:FullAccounts 2023-10-01 2024-09-30 02836135 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02836135 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02836135 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 02836135 2 2023-10-01 2024-09-30 02836135 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02836135









FAINTREE INVESTMENTS LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FAINTREE INVESTMENTS LIMITED
REGISTERED NUMBER: 02836135

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
628
-

Investment property
 5 
430,000
1,331,800

  
430,628
1,331,800

Current assets
  

Debtors: amounts falling due within one year
 6 
144,706
115,233

Cash at bank and in hand
  
978,581
128,894

  
1,123,287
244,127

Creditors: amounts falling due within one year
 7 
(561,970)
(486,117)

Net current assets/(liabilities)
  
 
 
561,317
 
 
(241,990)

Total assets less current liabilities
  
991,945
1,089,810

Creditors: amounts falling due after more than one year
 8 
(5,353)
(6,463)

Provisions for liabilities
  

Deferred tax
 10 
(155)
(53,366)

  
 
 
(155)
 
 
(53,366)

Net assets
  
986,437
1,029,981


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
 12 
986,337
1,029,881

  
986,437
1,029,981


Page 1

 
FAINTREE INVESTMENTS LIMITED
REGISTERED NUMBER: 02836135
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers 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 director acknowledges his 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 on 10 March 2025.




Andrea Louise Penny
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Stanley House, 27 Wellington, Road, Bilston, West Midlands, WV14 6AH. The principal activity of the company continues to be that of the management of industrial properties.

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

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.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
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% 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.

Page 4

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually 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.

 
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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
711



At 30 September 2024

711



Depreciation


Charge for the year on owned assets
83



At 30 September 2024

83



Net book value



At 30 September 2024
628



At 30 September 2023
-

Page 6

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 October 2023
431,800
900,000
1,331,800


Additions at cost
12,164
-
12,164


Disposals
(13,964)
(900,000)
(913,964)



At 30 September 2024
430,000
-
430,000

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
285,051
610,051

285,051
610,051

Page 7

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
141,775
111,731

Other debtors
-
600

Prepayments and accrued income
2,931
2,902

144,706
115,233



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,129
1,129

Other loans
365,159
365,159

Trade creditors
31,207
13,134

Corporation tax
59,942
1,062

Other taxation and social security
449
14,156

Other creditors
264
48

Accruals and deferred income
103,820
91,429

561,970
486,117



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,353
6,463

5,353
6,463


Page 8

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,129
1,129

Other loans
365,159
365,159


366,288
366,288


Amounts falling due 2-5 years

Bank loans
5,353
4,813


5,353
4,813

Amounts falling due after more than 5 years

Bank loans
-
1,650

-
1,650

371,641
372,751



10.


Deferred taxation




2024


£






At beginning of year
53,366


Utilised in year
(53,211)



At end of year
155

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Property Revaluation
155
53,366

155
53,366

Page 9

 
FAINTREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



12.


Reserves

Profit and loss account

Included within the profit and loss reserve is an undistributable investment property revaluation reserve of £144,948 (2023 £666,582).

 
Page 10