Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31letting and operating of own or leased real estatefalse2023-01-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06226996 2023-01-01 2023-12-31 06226996 2022-01-01 2022-12-31 06226996 2023-12-31 06226996 2022-12-31 06226996 c:Director1 2023-01-01 2023-12-31 06226996 d:FreeholdInvestmentProperty 2023-12-31 06226996 d:FreeholdInvestmentProperty 2022-12-31 06226996 d:CurrentFinancialInstruments 2023-12-31 06226996 d:CurrentFinancialInstruments 2022-12-31 06226996 d:Non-currentFinancialInstruments 2023-12-31 06226996 d:Non-currentFinancialInstruments 2022-12-31 06226996 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06226996 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06226996 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06226996 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06226996 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06226996 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06226996 d:ShareCapital 2023-12-31 06226996 d:ShareCapital 2022-12-31 06226996 d:RetainedEarningsAccumulatedLosses 2023-12-31 06226996 d:RetainedEarningsAccumulatedLosses 2022-12-31 06226996 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06226996 c:OrdinaryShareClass1 2023-12-31 06226996 c:FRS102 2023-01-01 2023-12-31 06226996 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06226996 c:FullAccounts 2023-01-01 2023-12-31 06226996 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06226996 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 06226996














CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
REGISTERED NUMBER:06226996

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
531,170
531,170

Current liabilities
  

Debtors: amounts falling due within one year
  
-
266

  
-
266

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,043,786)
(1,047,753)

Net current liabilities
  
 
 
(1,043,786)
 
 
(1,047,487)

Total assets less current liabilities
  
(512,616)
(516,317)

Creditors: amounts falling due after more than one year
 7 
(351,231)
(351,231)

  

Net liabilities
  
(863,847)
(867,548)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(863,848)
(867,549)

  
(863,847)
(867,548)


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.

Page 1

 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
REGISTERED NUMBER:06226996
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 19 March 2025.




P R Munford
Director

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

Page 2

 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Corporate City Developments No.2 Ltd is a private limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principle activity of the company is that of property investment.
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 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

The financial statements of the company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the shareholder and other entities under his control. The director is satisfied that suitable facilities will continue to be made available for at least twelve months from the date of approval of these financial statements and that the company will be able to meet its working capital requirements for the foreseeable future.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover comprises of rent receivable during the year. Rental income is recognised in the period the properties are occupied under rental agreements.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

 
2.5

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

 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans from related parties.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of other debtors.
Cash at bank and in hand comprise cash balances and call deposits


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


2022

£



Valuation


At 1 January 2023
531,170



At 31 December 2023
531,170

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 December 2023




Page 4

 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
-
266



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
144
-

Amounts owed to group undertakings
682,285
689,138

Other creditors
352,585
352,065

Accruals and deferred income
8,772
6,550

1,043,786
1,047,753


Other creditors of £83,125 are secured by way of a fixed charge over the investment property.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
351,231
351,231


The bank loan is secured by way of a fixed charge over the investment property.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due in more than 1 year

Bank loan
351,231
351,231



The bank loan is secured by way of a fixed charge over the investment property.

Page 5

 
CORPORATE CITY DEVELOPMENTS NO. 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



10.


Parent undertaking

The immediate and ultimate parent undertaking is Corporate City Developments Limited, a company registered in England and Wales with registered office address at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.

 
Page 6