Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31false32023-09-013truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04163840 2023-09-01 2024-08-31 04163840 2022-09-01 2023-08-31 04163840 2024-08-31 04163840 2023-08-31 04163840 2022-09-01 04163840 c:Director1 2023-09-01 2024-08-31 04163840 c:Director2 2023-09-01 2024-08-31 04163840 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 04163840 d:Buildings d:LongLeaseholdAssets 2024-08-31 04163840 d:Buildings d:LongLeaseholdAssets 2023-08-31 04163840 d:FurnitureFittings 2023-09-01 2024-08-31 04163840 d:FurnitureFittings 2024-08-31 04163840 d:FurnitureFittings 2023-08-31 04163840 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04163840 d:ComputerEquipment 2023-09-01 2024-08-31 04163840 d:ComputerEquipment 2024-08-31 04163840 d:ComputerEquipment 2023-08-31 04163840 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04163840 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 04163840 d:OtherPropertyPlantEquipment 2024-08-31 04163840 d:OtherPropertyPlantEquipment 2023-08-31 04163840 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04163840 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04163840 d:CurrentFinancialInstruments 2024-08-31 04163840 d:CurrentFinancialInstruments 2023-08-31 04163840 d:Non-currentFinancialInstruments 2024-08-31 04163840 d:Non-currentFinancialInstruments 2023-08-31 04163840 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04163840 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04163840 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 04163840 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04163840 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 04163840 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 04163840 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 04163840 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 04163840 d:ShareCapital 2024-08-31 04163840 d:ShareCapital 2023-08-31 04163840 d:RetainedEarningsAccumulatedLosses 2024-08-31 04163840 d:RetainedEarningsAccumulatedLosses 2023-08-31 04163840 c:OrdinaryShareClass1 2023-09-01 2024-08-31 04163840 c:OrdinaryShareClass1 2024-08-31 04163840 c:OrdinaryShareClass2 2023-09-01 2024-08-31 04163840 c:OrdinaryShareClass2 2024-08-31 04163840 c:FRS102 2023-09-01 2024-08-31 04163840 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04163840 c:FullAccounts 2023-09-01 2024-08-31 04163840 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04163840 d:WithinOneYear 2024-08-31 04163840 d:WithinOneYear 2023-08-31 04163840 d:BetweenOneFiveYears 2024-08-31 04163840 d:BetweenOneFiveYears 2023-08-31 04163840 2 2023-09-01 2024-08-31 04163840 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 04163840 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04163840














BLANE ROSEN LIMITED

 
UNAUDITED

 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
BLANE ROSEN LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
BLANE ROSEN LIMITED
REGISTERED NUMBER:04163840

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,142
3,987

  
3,142
3,987

Current assets
  

Debtors: amounts falling due within one year
 5 
118,871
51,669

Cash at bank and in hand
 6 
-
1,270

  
118,871
52,939

Creditors: amounts falling due within one year
 7 
(105,781)
(32,608)

Net current assets
  
 
 
13,090
 
 
20,331

Total assets less current liabilities
  
16,232
24,318

Creditors: amounts falling due after more than one year
 8 
(12,231)
(22,434)

Provisions for liabilities
  

Deferred tax
 10 
(616)
(616)

  
 
 
(616)
 
 
(616)

Net assets
  
3,385
1,268


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
3,285
1,168

  
3,385
1,268


1

 
BLANE ROSEN LIMITED
REGISTERED NUMBER:04163840
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 profit and loss account 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: 




S Blane
R N Blane
Director
Director


Date: 19 March 2025
Date:19 March 2025

The notes on pages 3 to 8 form part of these financial statements.

2

 
BLANE ROSEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Blane Rosen Limited is a private company, limited by shares, incorporated in England and Wales,  registration number 04163840. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is 27a Northways Parade, College Crescent, London, NW3 5DN.

The principal activity of the company continued to be that of an estate agency.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of property sale commissions and letting fees supplied during the year.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

Borrowing costs

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

3

 
BLANE ROSEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 Balance sheet 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 balance sheet 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 most appropriate method.

Depreciation is provided on the following basis:

Leasehold property
-
over 12.5 years
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
20% straight line
Other fixed assets
-
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.

 
2.8

 Debtors

Short term debtors are measured at transaction price, less any impairment.

4

 
BLANE ROSEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

 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.

 
2.10

 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.

 
2.11

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.12

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





 Leasehold Property
Fixtures and fittings
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
3,689
5,279
275
1,006
10,249



At 31 August 2024

3,689
5,279
275
1,006
10,249



Depreciation


At 1 September 2023
1,941
3,659
92
570
6,262


Charge for the year
184
405
55
201
845



At 31 August 2024

2,125
4,064
147
771
7,107



Net book value



At 31 August 2024
1,564
1,215
128
235
3,142



At 31 August 2023
1,748
1,620
183
436
3,987

5

 
BLANE ROSEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Other debtors
104,821
48,734

Prepayments
2,298
2,935

Tax recoverable
11,752
-

118,871
51,669



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank
-
1,270

Less: bank overdrafts
(38,074)
-

(38,074)
1,270



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
38,074
-

Bank loans
10,203
9,952

Trade creditors
966
2,297

Corporation tax
38,723
16,119

Other taxation and social security
11,333
290

Accruals
6,482
3,950

105,781
32,608


The bank loan of £10,203 (2023 - £9,952) included in creditors due within one year is a COVID Bounce Back Loan, 100% guaranteed by the government.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,231
22,434


The bank loan of £12,231 (2023 - £22,434) included in creditors due after more than one year is a COVID Bounce Back Loan, 100% guaranteed by the government.

6

 
BLANE ROSEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,203
9,952

Amounts falling due 1-2 years

Bank loans
10,461
10,203

Amounts falling due 2-5 years

Bank loans
1,769
12,231


22,433
32,386



10.


Deferred taxation




2024
2023


£

£






At beginning of year
616
861


Charged to profit or loss
-
(245)



At end of year
616
616

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
616
616


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



80 Ordinary A shares of £1.00 each
80
80
20 Ordinary B shares of £1.00 each
20
20

100

100


7

 
BLANE ROSEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Commitments under operating leases

At 31 August 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
17,705
18,164

Later than 1 year and not later than 5 years
51,378
17,839

69,083
36,003


13.


Related party transactions

At the balance sheet date, the directors owed £104,821 (2023 - £47,706) to the company. The loan is repayable on demand and interest has been charged at the official interest rate.

During the year, the company paid dividends of £85,000 (2023 - £135,000) to the directors.

 
8