Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseNo description of principal activity9falsetruefalse 15072050 2023-08-31 15072050 2023-09-01 2024-08-31 15072050 2022-09-01 2023-08-31 15072050 2024-08-31 15072050 c:Director1 2023-09-01 2024-08-31 15072050 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 15072050 d:Buildings d:LongLeaseholdAssets 2024-08-31 15072050 d:FurnitureFittings 2023-09-01 2024-08-31 15072050 d:FurnitureFittings 2024-08-31 15072050 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 15072050 d:OfficeEquipment 2023-09-01 2024-08-31 15072050 d:OfficeEquipment 2024-08-31 15072050 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 15072050 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 15072050 d:CurrentFinancialInstruments 2024-08-31 15072050 d:Non-currentFinancialInstruments 2024-08-31 15072050 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15072050 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 15072050 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 15072050 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 15072050 d:ShareCapital 2024-08-31 15072050 d:RetainedEarningsAccumulatedLosses 2024-08-31 15072050 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 15072050 d:TaxLossesCarry-forwardsDeferredTax 2024-08-31 15072050 c:OrdinaryShareClass1 2023-09-01 2024-08-31 15072050 c:OrdinaryShareClass1 2024-08-31 15072050 c:FRS102 2023-09-01 2024-08-31 15072050 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 15072050 c:FullAccounts 2023-09-01 2024-08-31 15072050 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 15072050 2 2023-09-01 2024-08-31 15072050 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15072050









LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
REGISTERED NUMBER: 15072050

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
815,006

  
815,006

Current assets
  

Stocks
  
2,576

Debtors: amounts falling due after more than one year
 5 
502,500

Debtors: amounts falling due within one year
 5 
540,419

Cash at bank and in hand
 6 
160,073

  
1,205,568

Creditors: amounts falling due within one year
 7 
(1,634,952)

Net current (liabilities)/assets
  
 
 
(429,384)

Total assets less current liabilities
  
385,622

Creditors: amounts falling due after more than one year
 8 
(604,167)

  

Net (liabilities)/assets
  
(218,545)


Capital and reserves
  

Called up share capital 
 11 
100

Profit and loss account
  
(218,645)

  
(218,545)


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 period 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 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: 

Page 1

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
REGISTERED NUMBER: 15072050
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024




Muhterem Turantaylak
Director

Date: 27 May 2025

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD is a private company limited by share capital, incorporated in England and Wales, registration number 15072050. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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 have been prepared on a going concern basis. The company commenced trading during the year and recorded a loss, primarily due to pre opening costs. Despite this loss, the director is confident in the company's ability to continue as a going concern. This assessment is based on the company's business plan, which includes strategies to increase revenue and manage costs effectively, supported by ongoing access to sufficient working capital to meet its obligations as they fall due for at least twelve months from the date of approval of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue comprises income generated from the provision of accommodation, food and beverage services, and other hospitality-related activities. Revenue is recognised when the associated services have been rendered to customers and the amount can be measured reliably. For accommodation, revenue is recognised over the period of the stay. Food and beverage revenue is recognised at the point of sale. All revenue is stated net of VAT and discounts.

Page 3

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

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:

Long-term leasehold property
-
5%
20 years Straight-Line
Fixtures and fittings
-
10%
10 years Straight-Line
Office equipment
-
20%
5 years 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.

 
2.12

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.
Page 5

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 6

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

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.

 
2.15

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.

 
2.16

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 7

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.17

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 period was 9.


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
208,190
617,485
15,929
841,604



At 31 August 2024

208,190
617,485
15,929
841,604



Depreciation


Charge for the period on owned assets
10,409
15,395
794
26,598



At 31 August 2024

10,409
15,395
794
26,598



Net book value



At 31 August 2024
197,781
602,090
15,135
815,006


5.


Debtors

2024
£

Due after more than one year

Rent Deposit
502,500

502,500

Page 8

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

5.Debtors (continued)


2024
£

Due within one year

Trade debtors
120,082

Other debtors
281,688

Prepayments and accrued income
71,009

Deferred taxation
67,640

540,419



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
160,073

160,073



7.


Creditors: Amounts falling due within one year

2024
£

Bank loans
250,000

Trade creditors
268,436

Other creditors
1,102,053

Accruals and deferred income
14,463

1,634,952



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
604,167

604,167


Page 9

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
250,000

Amounts falling due 1-2 years

Bank loans
250,000

Amounts falling due 2-5 years

Bank loans
354,167

854,167


Bank loans are secured by a fixed and floating charge over the company’s assets.


10.


Deferred taxation



2024


£






Charged to profit or loss
67,640



At end of year
67,640

The deferred tax asset is made up as follows:

2024
£


Accelerated capital allowances
(154,306)

Tax losses carried forward
221,946

67,640


11.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100

Page 10

 
LONDON BC TOURISM AND CONSTRUCTION TRADING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

11.Share capital (continued)


100 Ordinary shares of £1 each have been allotted, called up and fully paid in the period.


12.


Related party transactions

Included within Other Debtors due within less than 1 year is a loan amount of £15,000 due to a company with a common shareholder and director. The loan is unsecured, free of interest and repayable on demand.
Included within Other Creditors due within less than 1 year is a loan amount of £449,470 due to a company Shareholder. The loan is unsecured, free of interest and repayable on demand. 
Included within Other Creditors due within less than 1 year is a loan amount of £621,372 due to the company director and shareholder. The loan is unsecured, free of interest and repayable on demand. 
 

 
Page 11