Caseware UK (AP4) 2024.0.164 2024.0.164 2023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09437125 2023-04-01 2024-03-31 09437125 2022-04-01 2023-03-31 09437125 2024-03-31 09437125 2023-03-31 09437125 c:Director1 2023-04-01 2024-03-31 09437125 d:MotorVehicles 2023-04-01 2024-03-31 09437125 d:MotorVehicles 2024-03-31 09437125 d:MotorVehicles 2023-03-31 09437125 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09437125 d:CurrentFinancialInstruments 2024-03-31 09437125 d:CurrentFinancialInstruments 2023-03-31 09437125 d:Non-currentFinancialInstruments 2024-03-31 09437125 d:Non-currentFinancialInstruments 2023-03-31 09437125 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09437125 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09437125 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09437125 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09437125 d:ShareCapital 2024-03-31 09437125 d:ShareCapital 2023-03-31 09437125 d:RetainedEarningsAccumulatedLosses 2024-03-31 09437125 d:RetainedEarningsAccumulatedLosses 2023-03-31 09437125 c:FRS102 2023-04-01 2024-03-31 09437125 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09437125 c:FullAccounts 2023-04-01 2024-03-31 09437125 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09437125 2 2023-04-01 2024-03-31 09437125 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09437125









Finchley 3KV Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Finchley 3KV Limited
Registered number: 09437125

Statement of Financial Position
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
35,522
47,363

  
35,522
47,363

Current assets
  

Debtors: amounts falling due within one year
 5 
281,487
470,656

Cash at bank and in hand
 6 
174,538
37,405

  
456,025
508,061

Creditors: amounts falling due within one year
 7 
(21,315)
(31,696)

Net current assets
  
 
 
434,710
 
 
476,365

Total assets less current liabilities
  
470,232
523,728

Creditors: amounts falling due after more than one year
 8 
(12,613)
(25,396)

  

Net assets
  
457,619
498,332


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
457,519
498,232

  
457,619
498,332


Page 1

 
Finchley 3KV Limited
Registered number: 09437125
    
Statement of Financial Position (continued)
As at 31 March 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 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 by: 




E Robinson
Director

Date: 28 March 2025

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

Page 2

 
Finchley 3KV Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Finchley 3KV Limited is a private company limited by shares, incorporated in England & Wales (registered number 09437125). The registered office is 101 New Cavendish Street, London, W1W 6XH. The principal place of business is 4 Broadbent Cl, Highgate, London, N6 5JW.
The financial statements are presented in Sterling, which is the functional currency of the company.
The principal activity of the company is that of real estate investment.

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

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.

Page 3

 
Finchley 3KV Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance

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.

 
2.4

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.

 
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

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.

 
2.9

Interest income

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

Page 4

 
Finchley 3KV Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.10

Borrowing costs

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

 
2.11

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 April 2023
77,475



At 31 March 2024

77,475



Depreciation


At 1 April 2023
30,112


Charge for the year on owned assets
11,841



At 31 March 2024

41,953



Net book value



At 31 March 2024
35,522



At 31 March 2023
47,363

Page 5

 
Finchley 3KV Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
23,979
470,656

Other debtors
257,508
-

281,487
470,656



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
174,538
37,405

174,538
37,405



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,648
10,648

Trade creditors
-
1,988

Corporation tax
3,533
1,517

Obligations under finance lease and hire purchase contracts
4,734
14,912

Other creditors
-
631

Accruals and deferred income
2,400
2,000

21,315
31,696



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,613
21,741

Net obligations under finance leases and hire purchase contracts
-
3,655

12,613
25,396


 
Page 6