Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activityfalse2023-08-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08156263 2024-07-31 08156263 2023-08-01 2024-07-31 08156263 2022-08-01 2023-07-31 08156263 2023-07-31 08156263 c:Director1 2023-08-01 2024-07-31 08156263 c:RegisteredOffice 2023-08-01 2024-07-31 08156263 d:FurnitureFittings 2023-08-01 2024-07-31 08156263 d:FurnitureFittings 2024-07-31 08156263 d:FurnitureFittings 2023-07-31 08156263 d:FreeholdInvestmentProperty 2024-07-31 08156263 d:FreeholdInvestmentProperty 2023-07-31 08156263 d:FreeholdInvestmentProperty 2 2023-08-01 2024-07-31 08156263 d:CurrentFinancialInstruments 2024-07-31 08156263 d:CurrentFinancialInstruments 2023-07-31 08156263 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08156263 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08156263 d:ShareCapital 2024-07-31 08156263 d:ShareCapital 2023-07-31 08156263 d:RetainedEarningsAccumulatedLosses 2024-07-31 08156263 d:RetainedEarningsAccumulatedLosses 2023-07-31 08156263 c:FRS102 2023-08-01 2024-07-31 08156263 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08156263 c:FullAccounts 2023-08-01 2024-07-31 08156263 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 08156263







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


17 QC (MV) LTD






































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17 QC (MV) LTD
 


 
COMPANY INFORMATION


Director
D M Whitehouse 




Registered number
08156263



Registered office
Third Floor
126-134 Baker Street

London

W1U 6UE




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


17 QC (MV) LTD
REGISTERED NUMBER:08156263



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
1,180,000
1,350,000

  
1,180,000
1,350,000

Current assets
  

Cash at bank and in hand
  
8,613
33,632

  
8,613
33,632

Creditors: amounts falling due within one year
 6 
(1,425,220)
(1,418,237)

Net current liabilities
  
 
 
(1,416,607)
 
 
(1,384,605)

Total assets less current liabilities
  
(236,607)
(34,605)

  

Net liabilities
  
(236,607)
(34,605)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(236,617)
(34,615)

  
(236,607)
(34,605)


Page 1

 


17 QC (MV) LTD
REGISTERED NUMBER:08156263


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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: 

D M Whitehouse
Director

Date: 16 April 2025

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

Page 2

 


17 QC (MV) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

17 QC (MV) Ltd is a private company, limited by shares, registered in England and Wales, company registration
number 08156263. The registered office and principal place of business is stated on the company information page.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £1,416,607 (2023: £1,384,605) on the balance sheet. The Director, having made appropriate enquiries, is satisfied that the company will receive continued support from the company's ultimate shareholders and the company will be able to meet its liabilities as they fall due for payment. Therefore, the director is of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

 
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 is generated through rental income and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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.

 
2.5

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

 


17 QC (MV) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25%
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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 


17 QC (MV) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2023
9,828



At 31 July 2024

9,828



Depreciation


At 1 August 2023
9,828



At 31 July 2024

9,828



Net book value



At 31 July 2024
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
1,350,000


Surplus on revaluation
(170,000)



At 31 July 2024
1,180,000

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





6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,422,520
1,415,537

Accruals and deferred income
2,700
2,700

1,425,220
1,418,237


Within other creditors are amounts totalling £1,415,777 (2023: £1,415,537) which are secured by way of a legal mortgage dated 6 August 2012.

Page 5

 


17 QC (MV) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Transactions with directors

Included within other creditors are amounts totalling £1,415,777 (2023: £1,415,537) owed to the director. 
Amounts advanced in the year total £240, amounts repaid in the year total £0.
Interest arising on this balance totals £Nil.

 
Page 6