Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-30false2023-12-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11328168 2023-12-01 2024-11-30 11328168 2022-12-01 2023-11-30 11328168 2024-11-30 11328168 2023-11-30 11328168 c:Director2 2023-12-01 2024-11-30 11328168 d:OfficeEquipment 2023-12-01 2024-11-30 11328168 d:OfficeEquipment 2024-11-30 11328168 d:OfficeEquipment 2023-11-30 11328168 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 11328168 d:FreeholdInvestmentProperty 2024-11-30 11328168 d:FreeholdInvestmentProperty 2023-11-30 11328168 d:CurrentFinancialInstruments 2024-11-30 11328168 d:CurrentFinancialInstruments 2023-11-30 11328168 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11328168 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11328168 d:ShareCapital 2024-11-30 11328168 d:ShareCapital 2023-11-30 11328168 d:InvestmentPropertiesRevaluationReserve 2023-12-01 2024-11-30 11328168 d:InvestmentPropertiesRevaluationReserve 2024-11-30 11328168 d:InvestmentPropertiesRevaluationReserve 2023-11-30 11328168 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 11328168 d:RetainedEarningsAccumulatedLosses 2024-11-30 11328168 d:RetainedEarningsAccumulatedLosses 2023-11-30 11328168 c:OrdinaryShareClass1 2023-12-01 2024-11-30 11328168 c:OrdinaryShareClass1 2024-11-30 11328168 c:OrdinaryShareClass1 2023-11-30 11328168 c:FRS102 2023-12-01 2024-11-30 11328168 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11328168 c:FullAccounts 2023-12-01 2024-11-30 11328168 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11328168 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11328168









30 CLARENDON ROAD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
30 CLARENDON ROAD LIMITED
REGISTERED NUMBER: 11328168

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
121
487

Investment property
 5 
3,000,000
3,000,000

  
3,000,121
3,000,487

Current assets
  

Debtors: amounts falling due within one year
 6 
19,910
27,129

Cash at bank and in hand
 7 
89,706
39,659

  
109,616
66,788

Creditors: amounts falling due within one year
 8 
(729,019)
(766,494)

Net current liabilities
  
 
 
(619,403)
 
 
(699,706)

Net assets
  
2,380,718
2,300,781


Capital and reserves
  

Called up share capital 
 9 
100
100

Investment property reserve
 10 
1,667,581
1,667,581

Profit and loss account
 10 
713,037
633,100

Total equity
  
2,380,718
2,300,781


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.

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30 CLARENDON ROAD LIMITED
REGISTERED NUMBER: 11328168
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

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: 

L H Barnett
Director

Date: 1 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

30 Clarendon Road Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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 comprises rental income, service charges and other recoveries from tenants of the company’s investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

 
2.4

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.

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30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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 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.

 
2.6

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 straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years 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.

 
2.7

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.

Page 4

 
30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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. 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.

 
2.10

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 has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 5

 
30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.12

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees

2024
2023
£
£

Wages and salaries
23,816
23,816

Social security costs
775
816

24,591
24,632


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

Page 6

 
30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 December 2023
1,097



At 30 November 2024

1,097



Depreciation


At 1 December 2023
610


Charge for the year on owned assets
366



At 30 November 2024

976



Net book value



At 30 November 2024
121



At 30 November 2023
487


5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
3,000,000



At 30 November 2024
3,000,000

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



Page 7

 
30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


6.


Debtors

2024
2023
£
£


Trade debtors
14,109
21,384

Other debtors
5,000
5,000

Prepayments and accrued income
801
745

19,910
27,129



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
89,706
39,659



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
23,851
27,506

Other creditors
690,690
726,014

Accruals and deferred income
14,478
12,974

729,019
766,494



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 8

 
30 CLARENDON ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve relates to the revaluation of the company's investment property, net of associated deferred tax. The reserve is not distributable.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


11.


Related party transactions

As at the balance sheet date, the company owed £690,666 (2023 - £726,014) to the directors. It is unsecured and no interest is charged on this loan.

 
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