Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08480240 2023-05-01 2024-04-30 08480240 2022-05-01 2023-04-30 08480240 2024-04-30 08480240 2023-04-30 08480240 c:Director2 2023-05-01 2024-04-30 08480240 d:PlantMachinery 2023-05-01 2024-04-30 08480240 d:PlantMachinery 2024-04-30 08480240 d:PlantMachinery 2023-04-30 08480240 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08480240 d:MotorVehicles 2023-05-01 2024-04-30 08480240 d:FurnitureFittings 2023-05-01 2024-04-30 08480240 d:FurnitureFittings 2024-04-30 08480240 d:FurnitureFittings 2023-04-30 08480240 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08480240 d:ComputerEquipment 2023-05-01 2024-04-30 08480240 d:ComputerEquipment 2024-04-30 08480240 d:ComputerEquipment 2023-04-30 08480240 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08480240 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08480240 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 08480240 d:FreeholdInvestmentProperty 2024-04-30 08480240 d:FreeholdInvestmentProperty 2023-04-30 08480240 d:CurrentFinancialInstruments 2024-04-30 08480240 d:CurrentFinancialInstruments 2023-04-30 08480240 d:Non-currentFinancialInstruments 2024-04-30 08480240 d:Non-currentFinancialInstruments 2023-04-30 08480240 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08480240 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08480240 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08480240 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08480240 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08480240 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08480240 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08480240 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08480240 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 08480240 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 08480240 d:ShareCapital 2024-04-30 08480240 d:ShareCapital 2023-04-30 08480240 d:RevaluationReserve 2024-04-30 08480240 d:RevaluationReserve 2023-04-30 08480240 d:OtherMiscellaneousReserve 2023-05-01 2024-04-30 08480240 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 08480240 d:RetainedEarningsAccumulatedLosses 2024-04-30 08480240 d:RetainedEarningsAccumulatedLosses 2023-04-30 08480240 c:FRS102 2023-05-01 2024-04-30 08480240 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08480240 c:FullAccounts 2023-05-01 2024-04-30 08480240 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08480240 d:OtherDeferredTax 2024-04-30 08480240 d:OtherDeferredTax 2023-04-30 08480240 2 2023-05-01 2024-04-30 08480240 5 2023-05-01 2024-04-30 08480240 6 2023-05-01 2024-04-30 08480240 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08480240









AB PATEL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
AB PATEL INVESTMENTS LIMITED
REGISTERED NUMBER: 08480240

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
27,740
12,878

Investments
 5 
560,371
444,418

Investment property
 6 
2,266,513
3,037,437

  
2,854,624
3,494,733

Current assets
  

Debtors: amounts falling due within one year
 7 
675,662
374,600

Cash at bank and in hand
  
2,555
706

  
678,217
375,306

Creditors: amounts falling due within one year
 8 
(2,352,715)
(3,054,924)

Net current liabilities
  
 
 
(1,674,498)
 
 
(2,679,618)

Total assets less current liabilities
  
1,180,126
815,115

Creditors: amounts falling due after more than one year
 9 
(1,039,006)
(672,508)

Provisions for liabilities
  

Deferred tax
 11 
(68,999)
(68,999)

  
 
 
(68,999)
 
 
(68,999)

Net assets
  
72,121
73,608


Capital and reserves
  

Called up share capital 
  
101
101

Other reserves
 12 
206,997
206,997

Profit and loss account
 12 
(134,977)
(133,490)

  
72,121
73,608


Page 1

 
AB PATEL INVESTMENTS LIMITED
REGISTERED NUMBER: 08480240
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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: 




B Patel
Director

Date: 23 April 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

AB Patel Investments Limited is a private company limited by shares, incorporated in England and Wales (registered number 08480240). Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company. 

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

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:

Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
20%
Computer equipment
-
25%

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

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

 
2.6

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Interest income

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

 
2.10

Borrowing costs

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

 
2.11

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.


3.


Employees

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

Page 5

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
10,000
17,014
760
27,774


Additions
25,569
-
-
25,569



At 30 April 2024

35,569
17,014
760
53,343



Depreciation


At 1 May 2023
8,000
6,516
380
14,896


Charge for the year on owned assets
7,114
3,403
190
10,707



At 30 April 2024

15,114
9,919
570
25,603



Net book value



At 30 April 2024
20,455
7,095
190
27,740



At 30 April 2023
2,000
10,498
380
12,878


5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 May 2023
152
444,266
444,418


Additions
-
115,953
115,953



At 30 April 2024
152
560,219
560,371




Page 6

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
3,037,437


Additions at cost
330,121


Disposals
(1,101,045)



At 30 April 2024
2,266,513

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





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,990,517
2,761,442

1,990,517
2,761,442


7.


Debtors

2024
2023
£
£


Trade debtors
66,393
10,630

Amounts owed by group undertakings
602,859
355,443

Called up share capital not paid
101
101

Prepayments and accrued income
6,309
8,426

675,662
374,600


Page 7

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,100
9,851

Trade creditors
33,406
37,483

Amounts owed to group undertakings
1,510,270
713,122

Other creditors
796,939
2,292,468

Accruals and deferred income
2,000
2,000

2,352,715
3,054,924



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,039,006
672,508

1,039,006
672,508


Page 8

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,100
9,851


10,100
9,851

Amounts falling due 1-2 years

Bank loans
10,359
10,101


10,359
10,101

Amounts falling due 2-5 years

Bank loans
6,100
16,455


6,100
16,455

Amounts falling due after more than 5 years

Bank loans
1,022,547
645,954

1,022,547
645,954

1,049,106
682,361


Page 9

 
AB PATEL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024


£






At beginning of year
(68,999)



At end of year
(68,999)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment property
(68,999)
(68,999)

(68,999)
(68,999)


12.


Reserves

Other reserves

Relates to non-distributable reserves, including the surplus on revaluation of investment property and deferred tax.

Profit and loss account

Includes all distributable reserves from current and prior period profits and losses.

 
Page 10