Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falsefalseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08967238 2023-04-01 2024-03-31 08967238 2022-04-01 2023-03-31 08967238 2024-03-31 08967238 2023-03-31 08967238 2022-04-01 08967238 c:Director1 2023-04-01 2024-03-31 08967238 d:FreeholdInvestmentProperty 2024-03-31 08967238 d:FreeholdInvestmentProperty 2023-03-31 08967238 d:CurrentFinancialInstruments 2024-03-31 08967238 d:CurrentFinancialInstruments 2023-03-31 08967238 d:Non-currentFinancialInstruments 2024-03-31 08967238 d:Non-currentFinancialInstruments 2023-03-31 08967238 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08967238 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08967238 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08967238 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08967238 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 08967238 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 08967238 d:ShareCapital 2024-03-31 08967238 d:ShareCapital 2023-03-31 08967238 d:RevaluationReserve 2024-03-31 08967238 d:RevaluationReserve 2023-03-31 08967238 d:RetainedEarningsAccumulatedLosses 2024-03-31 08967238 d:RetainedEarningsAccumulatedLosses 2023-03-31 08967238 c:FRS102 2023-04-01 2024-03-31 08967238 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08967238 c:FullAccounts 2023-04-01 2024-03-31 08967238 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08967238 2 2023-04-01 2024-03-31 08967238 d:OtherDeferredTax 2024-03-31 08967238 d:OtherDeferredTax 2023-03-31 08967238 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08967238









162 CLAPHAM PARK ROAD LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
162 CLAPHAM PARK ROAD LTD
REGISTERED NUMBER: 08967238

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
                                                                    Note
£
£
£
£

Fixed assets
  

Investment property
 4 
320,000
320,000

Current assets
  

Debtors: amounts falling due within one year
 5 
44,354
39,871

Cash at bank and in hand
  
2,396
13,965

  
46,750
53,836

Creditors: amounts falling due within one year
 6 
(13,714)
(14,206)

Net current assets
  
 
 
33,036
 
 
39,630

Total assets less current liabilities
  
353,036
359,630

Creditors: amounts falling due after more than one year
 7 
(243,635)
(243,635)

Provisions for liabilities
  

Deferred tax
  
(18,735)
(18,735)

Net assets
  
90,666
97,260


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
  
76,444
76,444

Profit and loss account
  
14,221
20,815

  
90,666
97,260


Page 1

 
162 CLAPHAM PARK ROAD LTD
REGISTERED NUMBER: 08967238
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 on 4 June 2025.




P E Summers
Director

The notes on pages 6 to 9 form part of these financial statements.
 

Page 2

 
162 CLAPHAM PARK ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

162 Clapham Park Road Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 62 Salisbury Road, Walmer, Deal, Kent, England, CT14 7QJ.

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

The Company’s only source of revenue is rental income from investment properties let to third parties. Revenue is recognised in the accounting period in which the services are rendered.
Revenue represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the Company and value added taxes.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of comprehensive income, 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.

Page 3

 
162 CLAPHAM PARK ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors or 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 the Statement of comprehensive income and transferred to a separate revaluation reserve.

 
2.8

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.

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

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

Page 4

 
162 CLAPHAM PARK ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
320,000



At 31 March 2024
320,000

The 2024 valuations were made by the director, based upon available indicative valuation reports for the property, 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
224,821
224,821


5.


Debtors

2024
2023
£
£


Other debtors
44,354
39,871



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
200
975

Other creditors
11,061
9,099

Accruals and deferred income
2,453
4,132

13,714
14,206


Page 5

 
162 CLAPHAM PARK ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
243,635
243,635



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
243,635
243,635


The bank loan is secured on the investment property.


9.


Related party transactions

As a result of transactions throughout the year, there is an amount within other debtors of £31,127 (2023 - £27,593) owed from the director.

Also included within other creditors are amounts totalling £7,541 (2023 - £7,541) owed to other shareholders of the company.

Page 6

 
162 CLAPHAM PARK ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(18,735)
(14,239)


Charged to profit or loss
-
(4,496)



At end of year
(18,735)
(18,735)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Gain from revaluation of investment property
(18,735)
(18,735)


11.


Director's benefits: advances, credits and guarantees

2024
2023
£
£
Brought forwards

27,593

32,779

Advances

2,798

-

Repayments

-

(5,885)

Interest charged

736

699

Carried forwards

31,127

27,593


Interest is charged at the HMRC official rate of beneficial loans.

 
Page 7