Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31trueNo description of principal activity2024-01-010false0falsefalse 15025100 2023-12-31 15025100 2024-01-01 2024-12-31 15025100 2023-01-01 2023-12-31 15025100 2024-12-31 15025100 1 2024-01-01 2024-12-31 15025100 d:Director3 2024-01-01 2024-12-31 15025100 c:CurrentFinancialInstruments 2024-12-31 15025100 c:Non-currentFinancialInstruments 2024-12-31 15025100 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 15025100 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 15025100 c:ShareCapital 2024-12-31 15025100 c:RetainedEarningsAccumulatedLosses 2024-12-31 15025100 d:OrdinaryShareClass1 2024-01-01 2024-12-31 15025100 d:OrdinaryShareClass1 2024-12-31 15025100 d:OrdinaryShareClass2 2024-01-01 2024-12-31 15025100 d:OrdinaryShareClass2 2024-12-31 15025100 d:FRS102 2024-01-01 2024-12-31 15025100 d:Audited 2024-01-01 2024-12-31 15025100 d:FullAccounts 2024-01-01 2024-12-31 15025100 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15025100 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 15025100 2 2024-01-01 2024-12-31 15025100 c:Right-of-useInvestmentProperty 2024-01-01 2024-12-31 15025100 c:Right-of-useInvestmentProperty 2024-12-31 15025100 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15025100










123 GOLDEN LANE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
123 GOLDEN LANE LIMITED
REGISTERED NUMBER: 15025100

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
 3 
10,764,432

  
10,764,432

Current assets
  

Debtors: amounts falling due within one year
 4 
264,887

Cash at bank and in hand
 5 
1,215,677

  
1,480,564

Creditors: amounts falling due within one year
 6 
(518,166)

Net current assets
  
 
 
962,398

Total assets less current liabilities
  
11,726,830

Creditors: amounts falling due after more than one year
 7 
(5,288)

  

Net assets
  
11,721,542


Capital and reserves
  

Called up share capital 
 8 
11,883,367

Profit and loss account
  
(161,825)

  
11,721,542


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 14 March 2025.




Patrick Desmond O'Gorman
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
123 GOLDEN LANE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

123 Golden Lane Limited is a private company limited by shares which was incorporated in the United Kingdom.
These financial statements have been prepared for an 18-month period from 24 July 2023 to 31 December 2024.
The principal place of business and registered address is A&L Suite 1-3, The Hop Exchange, 24 Southwark Street, London, England, SE1 1TY.

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 show that the Company made a loss of £161,825 in the period and had net current asset of £962,398 at the balance sheet date. After careful consideration of the Company's cash flow forecast and projections, the directors are confident that the Company can continue to operate within its current financial arrangements.
Having made sufficient enquiries, the directors are satisfied that the Company has adequate resources to remain in operation until at least 12 months after the approval of these financial statements. The Company therefore continues to adopt the going concern basis for the preparation of its financial statements.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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.

Page 2

 
123 GOLDEN LANE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

 
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

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, loans to related parties and investments in ordinary shares.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Investment property


Property held for development

£



Valuation


Development costs
2,179,444


Property costs
8,584,988



At 31 December 2024
10,764,432

As of 31 December 2024, management obtained an independent valuation of the investment property from Cushman & Wakefield, based on market value for its existing use. The valuation indicated an insignificant difference between the carrying amount and market value. Consequently, management concluded that no revaluation adjustment is necessary, as the current carrying amount fairly represents the property's fair value.






Page 3

 
123 GOLDEN LANE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Debtors

2024
£


Other debtors
46,441

Prepayments and accrued income
218,446

264,887



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,215,677

1,215,677



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
421,460

Other creditors
14,097

Accruals and deferred income
82,609

518,166



7.


Creditors: Amounts falling due after more than one year

2024
£

Other creditors
5,288

5,288


Page 4

 
123 GOLDEN LANE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Share capital

2024
£
Allotted, called up and fully paid


1,188,326,700 A Ordinary Shares shares of £0.01 each
11,883,267
100 B Ordinary Shares shares of £1.00 each
100

11,883,367




9.


Post balance sheet events

In January 2025, the Company increased its own share capital through an issue of ordinary shares to a
total of £13,573,416.
This was in respect of additional capital requirements for development of the property.


10.


Controlling party

The immediate parent is Bywater SFC Investments Limited, a company incorporated and registered in the UK. 
The ultimate parent company is Sumitomo Forestry Co., Ltd a company incorporated and registered in Japan. Sumitomo Forestry Co., Ltd is the parent undertaking of the smallest and largest group of undertaking to consolidate these financial statements at 31 December 2024. Copies of the ultimate parent company financial statements may be obtained from Sumitomo Forestry CO., Ltd, Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-8270, Japan.


11.


Auditor's information

The auditor's report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 14 March 2025 by Yusuke Takanishi (Senior Statutory Auditor) on behalf of Greenback Alan LLP.

Page 5