Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-27952000952000false2023-04-01falseThe Company's principal activity continued to be of Investment Property00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11637137 2023-04-01 2024-09-27 11637137 2022-04-01 2023-03-31 11637137 2024-09-27 11637137 2023-03-31 11637137 2022-04-01 11637137 1 2022-04-01 2023-03-31 11637137 5 2022-04-01 2023-03-31 11637137 d:Director1 2023-04-01 2024-09-27 11637137 e:FreeholdInvestmentProperty 2024-09-27 11637137 e:FreeholdInvestmentProperty 2023-03-31 11637137 e:LeaseholdInvestmentProperty 2024-09-27 11637137 e:LeaseholdInvestmentProperty 2023-03-31 11637137 e:CurrentFinancialInstruments 2024-09-27 11637137 e:CurrentFinancialInstruments 2023-03-31 11637137 e:Non-currentFinancialInstruments 2024-09-27 11637137 e:Non-currentFinancialInstruments 2023-03-31 11637137 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-27 11637137 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 11637137 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-27 11637137 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 11637137 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-09-27 11637137 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-03-31 11637137 e:ShareCapital 2023-04-01 2024-09-27 11637137 e:ShareCapital 2024-09-27 11637137 e:ShareCapital 2022-04-01 2023-03-31 11637137 e:ShareCapital 2023-03-31 11637137 e:ShareCapital 2022-04-01 11637137 e:RevaluationReserve 2023-04-01 2024-09-27 11637137 e:RevaluationReserve 2024-09-27 11637137 e:RevaluationReserve 2022-04-01 2023-03-31 11637137 e:RevaluationReserve 2023-03-31 11637137 e:RevaluationReserve 2022-04-01 11637137 e:RevaluationReserve 5 2022-04-01 2023-03-31 11637137 e:RevaluationReserve 8 2022-04-01 2023-03-31 11637137 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-27 11637137 e:RetainedEarningsAccumulatedLosses 2024-09-27 11637137 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11637137 e:RetainedEarningsAccumulatedLosses 2023-03-31 11637137 e:RetainedEarningsAccumulatedLosses 2022-04-01 11637137 e:RetainedEarningsAccumulatedLosses 1 2022-04-01 2023-03-31 11637137 d:FRS102 2023-04-01 2024-09-27 11637137 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 11637137 d:FullAccounts 2023-04-01 2024-09-27 11637137 d:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 11637137 5 2023-04-01 2024-09-27 11637137 e:ShareCapital 1 2022-04-01 2023-03-31 11637137 f:PoundSterling 2023-04-01 2024-09-27 11637137 e:RetainedEarningsAccumulatedLosses 5 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11637137









ST PAUL WAY PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
ST PAUL WAY PROPERTIES LIMITED
REGISTERED NUMBER: 11637137

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
476,000
476,000

  
476,000
476,000

Current assets
  

Debtors: amounts falling due within one year
 5 
4,343
7,526

Cash at bank and in hand
 6 
244
1,522

  
4,587
9,048

Creditors: amounts falling due within one year
 7 
(264,230)
(495,147)

Net current liabilities
  
 
 
(259,643)
 
 
(486,099)

Total assets less current liabilities
  
216,357
(10,099)

Creditors: amounts falling due after more than one year
 8 
(275,000)
-

  

Net liabilities
  
(58,643)
(10,099)


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
63,141
63,141

Profit and loss account
  
(121,884)
(73,340)

  
(58,643)
(10,099)


Page 1

 
ST PAUL WAY PROPERTIES LIMITED
REGISTERED NUMBER: 11637137
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 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 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




Mohammed Adnan Imam
Director

Date: 23 June 2025

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
ST PAUL WAY PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 27 SEPTEMBER 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
100
63,141
(73,340)
(10,099)


Comprehensive income for the period

Loss for the period

-
-
(48,544)
(48,544)


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
(48,544)
(48,544)


Total transactions with owners
-
-
-
-


At 27 September 2024
100
63,141
(121,884)
(58,643)


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
ST PAUL WAY PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
100
150,326
(53,982)
96,444


Comprehensive income for the year

Loss for the year

-
-
(17,232)
(17,232)

Deficit on revaluation of freehold property
-
(87,185)
-
(87,185)

Other movement type 1
-
-
(2,126)
(2,126)


Other comprehensive income for the year
-
(87,185)
(2,126)
(89,311)


Total comprehensive income for the year
-
(87,185)
(19,358)
(106,543)


Total transactions with owners
-
-
-
-


At 31 March 2023
100
63,141
(73,340)
(10,099)


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
ST PAUL WAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

1.


General information

The company is a members limited liability company incorporated in the United Kingdom.
The registered address of the company is:
22 Gilbert Streett
London
W1K 5HD
The company's principal activity continued to be of investment property.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

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.

 
2.3

Borrowing costs

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

 
2.4

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.


Page 5

 
ST PAUL WAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

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.

 
2.7

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 Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 6

 
ST PAUL WAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

4.


Investment property





Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2023
30,702
445,298
476,000



At 27 September 2024
30,702
445,298
476,000

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



At 27 September 2024





5.


Debtors

27 September
31 March
2024
2023
£
£


Other debtors
4,343
7,526

4,343
7,526



6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
244
1,522

244
1,522


Page 7

 
ST PAUL WAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Bank loans
27,878
310,621

Trade creditors
4,504
4,504

Amounts owed to group undertakings
212,848
161,022

Corporation tax
19,000
19,000

264,230
495,147


The following liabilities were secured:

27 September
31 March
2024
2023
£
£



Bank Loan
27,878
310,621

27,878
310,621

Details of security provided:



Page 8

 
ST PAUL WAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

27 September
31 March
2024
2023
£
£

Other loans
275,000
-

275,000
-


The following liabilities were secured:

27 September
31 March
2024
2023
£
£



<-- Enter description -->
275,000
-

275,000
-

Details of security provided:

Bank Loans £275,000 were secured on the assets of the company

Page 9

 
ST PAUL WAY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


27 September
31 March
2024
2023
£
£

Amounts falling due within one year

Bank loans
27,878
310,621


27,878
310,621


Amounts falling due 2-5 years

Other loans
275,000
-


275,000
-


302,878
310,621



10.


Related party transactions

IPE Group (Holdings) Limited was the ultimate parent company up until 15/09/2024.The company owes
£212,846 (2023: £161,022)to IPE Group (Holdings) Ltd


11.


Controlling party

The ultimate controlling party is Mr Mohammed Adnan Imam by virtue of his shareholding. It was before
IPE Group (Holdings) Limited has the ultimate controlling interst as a parent company up until 15/09/2024
where Mr. Imam was the controlling party by virtue of his sharholding of IPE Group (Holdings) Limited

 
Page 10