Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3022023-10-01falseProperty development and dealing2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09621387 2023-10-01 2024-09-30 09621387 2022-10-01 2023-09-30 09621387 2024-09-30 09621387 2023-09-30 09621387 c:Director1 2023-10-01 2024-09-30 09621387 c:RegisteredOffice 2023-10-01 2024-09-30 09621387 d:FreeholdInvestmentProperty 2024-09-30 09621387 d:FreeholdInvestmentProperty 2023-09-30 09621387 d:CurrentFinancialInstruments 2024-09-30 09621387 d:CurrentFinancialInstruments 2023-09-30 09621387 d:Non-currentFinancialInstruments 2024-09-30 09621387 d:Non-currentFinancialInstruments 2023-09-30 09621387 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09621387 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09621387 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09621387 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09621387 d:ShareCapital 2024-09-30 09621387 d:ShareCapital 2023-09-30 09621387 d:RevaluationReserve 2024-09-30 09621387 d:RevaluationReserve 2023-09-30 09621387 d:RetainedEarningsAccumulatedLosses 2024-09-30 09621387 d:RetainedEarningsAccumulatedLosses 2023-09-30 09621387 c:FRS102 2023-10-01 2024-09-30 09621387 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09621387 c:FullAccounts 2023-10-01 2024-09-30 09621387 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09621387 5 2023-10-01 2024-09-30 09621387 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 09621387














LONDON GREEN (WARPLE WAY) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LONDON GREEN (WARPLE WAY) LIMITED
 
 
COMPANY INFORMATION


Director
J D Green 




Registered number
09621387



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
LONDON GREEN (WARPLE WAY) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
LONDON GREEN (WARPLE WAY) LIMITED
REGISTERED NUMBER:09621387

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,000,000
3,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
26,030
38,628

Cash at bank and in hand
  
14,558
3,770

  
40,588
42,398

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(44,613)
(50,849)

Net current liabilities
  
 
 
(4,025)
 
 
(8,451)

Total assets less current liabilities
  
2,995,975
2,991,549

Creditors: amounts falling due after more than one year
 7 
(2,030,000)
(2,030,000)

Provisions for liabilities
  

Deferred tax
  
(289,727)
(289,727)

  
 
 
(289,727)
 
 
(289,727)

Net assets
  
676,248
671,822


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
  
992,837
992,837

Profit and loss account
  
(316,689)
(321,115)

  
676,248
671,822


Page 1

 
LONDON GREEN (WARPLE WAY) LIMITED
REGISTERED NUMBER:09621387
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 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 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 by: 




J D Green
Director

Date: 20 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LONDON GREEN (WARPLE WAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

London Green (Warple Way) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The principal activity of the company continued to be that of investment property.
The company's functional and presentational currency is £ Sterling.

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

At the time of approving the financial statements, the Director has a reasonable expectation that the company will have the continued support from its lenders and has adequate resources to continue in operational existence for the foreseeable future. Thus, the Director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover represents rental income received from the company's investment property net of value added tax.
Rental income is recognised on a calendar basis.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
LONDON GREEN (WARPLE WAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year 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 reporting 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 reporting 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 reporting date.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

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 reporting 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.

 
2.9

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.

Page 4

 
LONDON GREEN (WARPLE WAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. 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 payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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 5

 
LONDON GREEN (WARPLE WAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
3,000,000



At 30 September 2024
3,000,000

Investment property was valued on fair value basis as at 30 September 2024 by the director.





5.


Debtors

2024
2023
£
£


Trade debtors
-
3,024

Amounts owed by related parties
1,000
18,693

Other debtors
20,126
6,201

Prepayments and accrued income
4,904
10,710

26,030
38,628



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,231
4,716

Trade creditors
-
2,640

Amounts owed to related parties
29,000
28,000

Other creditors
-
8,000

Accruals and deferred income
11,382
7,493

44,613
50,849


Page 6

 
LONDON GREEN (WARPLE WAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,030,000
2,030,000


Bank loans are secured by a way of fixed and floating charges dated 14th of November 2016 over the investment properties held by the company.
Bank loans are secured by a personal guarantee of £2,030,000 provided by the company's director.


8.


Related party transactions

Amounts owed to and from related parties are interest free loans repayable on demand from and to companies in which the director has a material interest.

 
Page 7