Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-22No description of principal activity12023-11-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10167717 2023-11-01 2024-10-31 10167717 2022-11-01 2023-10-31 10167717 2024-10-31 10167717 2023-10-31 10167717 c:Director1 2023-11-01 2024-10-31 10167717 d:LeaseholdInvestmentProperty 2024-10-31 10167717 d:LeaseholdInvestmentProperty 2023-10-31 10167717 d:CurrentFinancialInstruments 2024-10-31 10167717 d:CurrentFinancialInstruments 2023-10-31 10167717 d:Non-currentFinancialInstruments 2024-10-31 10167717 d:Non-currentFinancialInstruments 2023-10-31 10167717 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10167717 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10167717 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 10167717 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10167717 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 10167717 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 10167717 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 10167717 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 10167717 d:ShareCapital 2024-10-31 10167717 d:ShareCapital 2023-10-31 10167717 d:RetainedEarningsAccumulatedLosses 2024-10-31 10167717 d:RetainedEarningsAccumulatedLosses 2023-10-31 10167717 c:OrdinaryShareClass1 2023-11-01 2024-10-31 10167717 c:OrdinaryShareClass1 2024-10-31 10167717 c:OrdinaryShareClass1 2023-10-31 10167717 c:FRS102 2023-11-01 2024-10-31 10167717 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10167717 c:FullAccounts 2023-11-01 2024-10-31 10167717 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10167717 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10167717









ATTADALE PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
ATTADALE PROPERTY LIMITED
REGISTERED NUMBER: 10167717

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
696,424
696,424

Current assets
  

Debtors: amounts falling due within one year
 5 
232
124

Cash at bank and in hand
  
13,682
11,313

  
13,914
11,437

Creditors: amounts falling due within one year
 6 
(233,699)
(233,699)

Net current liabilities
  
 
 
(219,785)
 
 
(222,262)

Total assets less current liabilities
  
476,639
474,162

Creditors: amounts falling due after more than one year
 7 
(489,975)
(489,975)

  

Net liabilities
  
(13,336)
(15,813)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(13,337)
(15,814)

  
(13,336)
(15,813)


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 her 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.

Page 1

 
ATTADALE PROPERTY LIMITED
REGISTERED NUMBER: 10167717
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J M Wong
Director

Date: 22 May 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ATTADALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Attadale Property Limited ("the company") is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 63 Spareleaze Hill, Loughton, Essex, IG10 1BS. Its registration number is 10167717.

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 accounts have been prepared on a going concern basis.

 
2.3

Revenue recognition

The company receives rental income in respect of its investment property. 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:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the lease;
- the costs incurred can be measured reliably.
The company considers that rental income becomes payable in accordance with the occupancy of the properties by its tenants, and recognises revenue accordingly.

 
2.4

Operating leases: the company as lessor

Rental income from operating leases is credited to the statement of comprehensive income on a straight line basis over the term of the relevant lease.

 
2.5

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.

 
2.6

Borrowing costs

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

Page 3

 
ATTADALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

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.


  
2.8

Investment property

Investment property is carried at fair value determined annually 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 the statement of comprehensive income.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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

 
ATTADALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Investment property


Leasehold investment property

£



Valuation


At 1 November 2023
696,424



At 31 October 2024
696,424

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

In the opinion of the director, the value of the above properties at the balance sheet date is not significantly different from their cost.







5.


Debtors

2024
2023
£
£


Prepayments and accrued income
232
124



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
231,899
231,899

Accruals and deferred income
1,800
1,800

233,699
233,699



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
489,975
489,975


Bank loans of £489,975 (2023 - £489,975) are secured against the company's investment properties.

Page 5

 
ATTADALE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
489,975
-

Amounts falling due after more than 5 years

Bank loans
-
489,975

489,975
489,975



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1



10.


Related party transactions

At the balance sheet date, the company owed the director £231,299 (2023 - £231,299).

 
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