Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11665702 2024-01-01 2024-12-31 11665702 2023-01-01 2023-12-31 11665702 2024-12-31 11665702 2023-12-31 11665702 c:Director1 2024-01-01 2024-12-31 11665702 d:CurrentFinancialInstruments 2024-12-31 11665702 d:CurrentFinancialInstruments 2023-12-31 11665702 d:Non-currentFinancialInstruments 2024-12-31 11665702 d:Non-currentFinancialInstruments 2023-12-31 11665702 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11665702 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11665702 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11665702 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11665702 d:ShareCapital 2024-12-31 11665702 d:ShareCapital 2023-12-31 11665702 d:RetainedEarningsAccumulatedLosses 2024-12-31 11665702 d:RetainedEarningsAccumulatedLosses 2023-12-31 11665702 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11665702 c:OrdinaryShareClass1 2024-12-31 11665702 c:OrdinaryShareClass2 2024-01-01 2024-12-31 11665702 c:OrdinaryShareClass2 2024-12-31 11665702 c:FRS102 2024-01-01 2024-12-31 11665702 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11665702 c:FullAccounts 2024-01-01 2024-12-31 11665702 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11665702 6 2024-01-01 2024-12-31 11665702 e:PoundSterling 2024-01-01 2024-12-31 11665702 d:EntityControlledByKeyManagementPersonnel1 2024-01-01 2024-12-31 11665702 d:EntityControlledByKeyManagementPersonnel1 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11665702









316 LATIMER LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
316 LATIMER LTD
REGISTERED NUMBER: 11665702

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
5,705,537
5,705,537

  
5,705,537
5,705,537

Current assets
  

Cash at bank and in hand
 5 
521
1,005

  
521
1,005

Creditors: amounts falling due within one year
 6 
(2,212,716)
(2,068,069)

Net current liabilities
  
 
 
(2,212,195)
 
 
(2,067,064)

Total assets less current liabilities
  
3,493,342
3,638,473

Creditors: amounts falling due after more than one year
 7 
(2,989,957)
(2,986,977)

  

Net assets
  
503,385
651,496


Capital and reserves
  

Called up share capital 
 8 
1,107,243
1,107,243

Profit and loss account
  
(603,858)
(455,747)

  
503,385
651,496


Page 1

 
316 LATIMER LTD
REGISTERED NUMBER: 11665702
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 on 11 April 2025.




S P Roue
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
316 LATIMER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

316 Latimer Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company is a holding 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

Going concern

The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net current liabilities of £2,212,195 (2023 - £2,067,064) which includes £1,683,066 (2023 - £1,613,276) that is owed to companies controlled by the directors. The directors have confirmed that they will not will not recall these amounts within the next 12 months and will continue to support the company so that it is able to continue trading for a period of not less than 12 months from the Statement of financial position date. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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.

Page 3

 
316 LATIMER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2024
5,705,537



At 31 December 2024
5,705,537





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
521
1,005

521
1,005



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
520,750
445,893

Other creditors
1,683,066
1,613,276

Accruals and deferred income
8,900
8,900

2,212,716
2,068,069


Page 4

 
316 LATIMER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
2,989,957
2,986,977

2,989,957
2,986,977



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



775,070 Ordinary A shares of £1 each
775,070
775,070
332,173 Ordinary B shares of £1 each
332,173
332,173

1,107,243

1,107,243

The Ordinary A £1 shares and Ordinary B £1 shares are separate classes of shares for the purpose of declaration of dividends. The declaration of a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of the other class of shares. The Ordinary A £1 shares and Ordinary B £1 shares rank pari passu in all other respects.



9.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
 
During the year, the company paid interest to companies controlled by the directors of £140,647 (2023 - £174,435). At the year-end, the amount due to these companies was £1,683,066 (2023 - £1,613,276) and is included within other creditors.


10.


Controlling party

The ultimate controlling party of the company is S P Roue by virtue of his majority shareholding in the company.

 
Page 5