Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-20true2023-06-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10165978 2023-06-01 2024-05-31 10165978 2022-06-01 2023-05-31 10165978 2024-05-31 10165978 2023-05-31 10165978 c:Director3 2023-06-01 2024-05-31 10165978 d:MotorVehicles 2023-06-01 2024-05-31 10165978 d:MotorVehicles 2024-05-31 10165978 d:MotorVehicles 2023-05-31 10165978 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10165978 d:FurnitureFittings 2023-06-01 2024-05-31 10165978 d:FurnitureFittings 2024-05-31 10165978 d:FurnitureFittings 2023-05-31 10165978 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10165978 d:OfficeEquipment 2023-06-01 2024-05-31 10165978 d:OfficeEquipment 2024-05-31 10165978 d:OfficeEquipment 2023-05-31 10165978 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10165978 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10165978 d:FreeholdInvestmentProperty 2024-05-31 10165978 d:FreeholdInvestmentProperty 2023-05-31 10165978 d:CurrentFinancialInstruments 2024-05-31 10165978 d:CurrentFinancialInstruments 2023-05-31 10165978 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10165978 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10165978 d:ShareCapital 2024-05-31 10165978 d:ShareCapital 2023-05-31 10165978 d:RetainedEarningsAccumulatedLosses 2024-05-31 10165978 d:RetainedEarningsAccumulatedLosses 2023-05-31 10165978 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10165978 c:OrdinaryShareClass1 2024-05-31 10165978 c:OrdinaryShareClass1 2023-05-31 10165978 c:FRS102 2023-06-01 2024-05-31 10165978 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10165978 c:FullAccounts 2023-06-01 2024-05-31 10165978 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10165978 2 2023-06-01 2024-05-31 10165978 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10165978









STERLING PROPERTY ADVISORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
STERLING PROPERTY ADVISORS LIMITED
REGISTERED NUMBER: 10165978

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
53,916
68,084

Investment property
 5 
150,658
150,658

  
204,574
218,742

Current assets
  

Debtors: amounts falling due within one year
 6 
16,042
-

Current asset investments
 7 
1
1

Cash at bank and in hand
 8 
2,503
24,350

  
18,546
24,351

Creditors: amounts falling due within one year
 9 
(163,064)
(158,554)

Net current liabilities
  
 
 
(144,518)
 
 
(134,203)

Total assets less current liabilities
  
60,056
84,539

  

Net assets
  
60,056
84,539


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
60,055
84,538

  
60,056
84,539


Page 1

 
STERLING PROPERTY ADVISORS LIMITED
REGISTERED NUMBER: 10165978
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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: 




D Sterling
Director

Date: 20 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STERLING PROPERTY ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Sterling Property Advisors Limited is a private Company limited by shares and incorporated in England (Registered number 10165978). Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the company.
The principal activity of the Company continues to be that of property development & consultancy.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
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 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.

Page 3

 
STERLING PROPERTY ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance method
Fixtures and fittings
-
25%
reducing balance method
Office equipment
-
25%
reducing balance method

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
STERLING PROPERTY ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Interest income

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

 
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 3 (2023 - 3).

Page 5

 
STERLING PROPERTY ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
89,787
794
5,433
96,014


Additions
23,000
-
-
23,000


Disposals
(31,598)
-
-
(31,598)



At 31 May 2024

81,189
794
5,433
87,416



Depreciation


At 1 June 2023
24,297
324
3,309
27,930


Charge for the year on owned assets
12,388
118
531
13,037


Disposals
(7,467)
-
-
(7,467)



At 31 May 2024

29,218
442
3,840
33,500



Net book value



At 31 May 2024
51,971
352
1,593
53,916


5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
150,658



At 31 May 2024
150,658

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




2024
2023
£
£


Historic cost
150,658
150,658

150,658
150,658

Page 6

 
STERLING PROPERTY ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
16,042
-

16,042
-



7.


Current asset investments

2024
2023
£
£

Shares in group undertakings
1
1

1
1



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,503
24,350

2,503
24,350



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
152,456
124,457

Corporation tax
5,784
29,670

Other creditors
379
1,507

Accruals and deferred income
4,445
2,920

163,064
158,554


Page 7

 
STERLING PROPERTY ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £0.01 each
1.00
1.00


 
Page 8