Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-302024-07-30No description of principal activity2023-07-31false44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12109701 2023-07-31 2024-07-30 12109701 2022-07-31 2023-07-30 12109701 2024-07-30 12109701 2023-07-30 12109701 c:Director2 2023-07-31 2024-07-30 12109701 d:LeaseholdInvestmentProperty 2024-07-30 12109701 d:LeaseholdInvestmentProperty 2023-07-30 12109701 d:CurrentFinancialInstruments 2024-07-30 12109701 d:CurrentFinancialInstruments 2023-07-30 12109701 d:Non-currentFinancialInstruments 2024-07-30 12109701 d:Non-currentFinancialInstruments 2023-07-30 12109701 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-30 12109701 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-30 12109701 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-30 12109701 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-30 12109701 d:ShareCapital 2024-07-30 12109701 d:ShareCapital 2023-07-30 12109701 d:RetainedEarningsAccumulatedLosses 2024-07-30 12109701 d:RetainedEarningsAccumulatedLosses 2023-07-30 12109701 c:FRS102 2023-07-31 2024-07-30 12109701 c:AuditExempt-NoAccountantsReport 2023-07-31 2024-07-30 12109701 c:FullAccounts 2023-07-31 2024-07-30 12109701 c:PrivateLimitedCompanyLtd 2023-07-31 2024-07-30 12109701 e:PoundSterling 2023-07-31 2024-07-30 iso4217:GBP xbrli:pure

Registered number: 12109701










FOUNDRY LETTINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JULY 2024

 
FOUNDRY LETTINGS LTD
REGISTERED NUMBER: 12109701

BALANCE SHEET
AS AT 30 JULY 2024

2024
2024
2023
2023
£
£
£
£

Fixed assets
  

Investment property
 4 
639,996
639,996

Current assets
  

Debtors: amounts falling due within one year
 5 
180,004
199,397

Cash at bank and in hand
 6 
5,844
2,677

  
185,848
202,074

Creditors: amounts falling due within one year
 7 
(58,157)
(89,560)

Net current assets
  
 
 
127,691
 
 
112,514

Total assets less current liabilities
  
767,687
752,510

Creditors: amounts falling due after more than one year
 8 
(242,991)
(277,180)

  

Net assets
  
524,696
475,330


Capital and reserves
  

Called up share capital 
  
300,000
300,000

Profit and loss account
  
224,696
175,330

  
524,696
475,330


Page 1

 
FOUNDRY LETTINGS LTD
REGISTERED NUMBER: 12109701
    
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 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 profit and loss account 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: 




................................................
M B Osborne
Director

Date: 9 June 2025

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

Page 2

 
FOUNDRY LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

1.


General information

Foundry Lettings Ltd is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is Unit 1, Foundry Place, Old Tiffield Road, Towcester, NN12 6FP.

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

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.

 
2.3

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.

 
2.4

Borrowing costs

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

Page 3

 
FOUNDRY LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
FOUNDRY LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

4.


Investment property


Long term leasehold investment property

£



Valuation


At 31 July 2023
639,996



At 30 July 2024
639,996

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





5.


Debtors

2024
2023
£
£


Other debtors
180,004
188,384

Prepayments and accrued income
-
11,013

180,004
199,397



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,844
2,677


Page 5

 
FOUNDRY LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
43,174
38,008

Corporation tax
12,683
8,768

Other creditors
-
40,484

Accruals and deferred income
2,300
2,300

58,157
89,560


Bank loans are secured by fixed and floating charges over all property and undertakings of the Company.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
242,991
277,180


Bank loans are secured by fixed and floating charges over all property and undertakings of the Company.


9.


Related party transactions

At 30 July 2024, the Company owed £nil (2023 - £40,484) to SLRB Holdings Ltd a Company with common directors. There was no interest charged on this loan. 
At 30 July 2024, the company was owed £0 (2023 - £188,380) from Stable Fabrications Limited, a company with common directors. 
At 30 July 2024, the directors owed the company £180,000 (2023 - £nil). There was no interest charged on this loan during the year and is repayable on demand.

 
Page 6