Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09622352 2023-07-01 2024-06-30 09622352 2022-07-01 2023-06-30 09622352 2024-06-30 09622352 2023-06-30 09622352 c:Director1 2023-07-01 2024-06-30 09622352 c:Director2 2023-07-01 2024-06-30 09622352 d:LeaseholdInvestmentProperty 2024-06-30 09622352 d:LeaseholdInvestmentProperty 2023-06-30 09622352 d:LeaseholdInvestmentProperty 2 2023-07-01 2024-06-30 09622352 d:CurrentFinancialInstruments 2024-06-30 09622352 d:CurrentFinancialInstruments 2023-06-30 09622352 d:Non-currentFinancialInstruments 2024-06-30 09622352 d:Non-currentFinancialInstruments 2023-06-30 09622352 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09622352 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09622352 d:ShareCapital 2024-06-30 09622352 d:ShareCapital 2023-06-30 09622352 d:RetainedEarningsAccumulatedLosses 2024-06-30 09622352 d:RetainedEarningsAccumulatedLosses 2023-06-30 09622352 c:FRS102 2023-07-01 2024-06-30 09622352 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09622352 c:FullAccounts 2023-07-01 2024-06-30 09622352 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09622352 2 2023-07-01 2024-06-30 09622352 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09622352










AUGUSTA STREET PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
AUGUSTA STREET PROPERTIES LIMITED
REGISTERED NUMBER: 09622352

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
495,000
484,632

  
495,000
484,632

Current assets
  

Debtors: amounts falling due after more than one year
 5 
200
3,708

Debtors: amounts falling due within one year
 5 
16,861
15,758

Cash at bank and in hand
  
19,016
29,217

  
36,077
48,683

Creditors: amounts falling due within one year
 6 
(328,634)
(360,533)

Net current liabilities
  
 
 
(292,557)
 
 
(311,850)

Total assets less current liabilities
  
202,443
172,782

Deferred tax
  
(770)
-

  
 
 
(770)
 
 
-

Net assets
  
201,673
172,782


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
101,673
72,782

  
201,673
172,782


Page 1

 
AUGUSTA STREET PROPERTIES LIMITED
REGISTERED NUMBER: 09622352
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 income statement 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: 




................................................
H R Podd
................................................
A J Bell
Director
Director


Date: 27 March 2025

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

Page 2

 
AUGUSTA STREET PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Augusta Street Properties Limited is a private company limited by shares and incorporated in England and Wales, registration number 09622352. The registered office is 80 Grove Lane, Holt, Norfolk, NR25 6ED.

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 financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

 
2.2

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 rental income received or receivable.

 
2.3

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 the Income statement.

 
2.4

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.

 
2.5

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

 
AUGUSTA STREET PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Interest income

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

 
2.9

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.

 
2.10

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.


Page 4

 
AUGUSTA STREET PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 July 2023
484,632


Surplus on revaluation
10,368



At 30 June 2024
495,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.


2024
£


Historic cost
484,632

484,632

Page 5

 
AUGUSTA STREET PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Trade debtors
200
3,708

200
3,708


2024
2023
£
£

Due within one year

Trade debtors
16,861
15,758

16,861
15,758



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,560
2,560

Corporation tax
4,526
7,994

Other creditors
319,779
348,289

Accruals and deferred income
1,769
1,690

328,634
360,533



7.


Related party transactions

The Company owed the directors £319,779 as at 30 June 2024 (2023: £348,289), on which no interest is charged, which is repayable on demand.

 
Page 6