Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-304The principlal activity is that of property mangement.falsefalse2023-10-013falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06708772 2023-10-01 2024-09-30 06708772 2022-10-01 2023-09-30 06708772 2024-09-30 06708772 2023-09-30 06708772 c:Director3 2023-10-01 2024-09-30 06708772 d:FreeholdInvestmentProperty 2024-09-30 06708772 d:FreeholdInvestmentProperty 2023-09-30 06708772 d:CurrentFinancialInstruments 2024-09-30 06708772 d:CurrentFinancialInstruments 2023-09-30 06708772 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06708772 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06708772 d:InvestmentPropertiesRevaluationReserve 2023-10-01 2024-09-30 06708772 d:InvestmentPropertiesRevaluationReserve 2024-09-30 06708772 d:InvestmentPropertiesRevaluationReserve 2023-09-30 06708772 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 06708772 d:OtherMiscellaneousReserve 2024-09-30 06708772 d:OtherMiscellaneousReserve 2023-09-30 06708772 d:RetainedEarningsAccumulatedLosses 2024-09-30 06708772 d:RetainedEarningsAccumulatedLosses 2023-09-30 06708772 c:FRS102 2023-10-01 2024-09-30 06708772 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06708772 c:FullAccounts 2023-10-01 2024-09-30 06708772 c:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 06708772 d:OtherDeferredTax 2024-09-30 06708772 d:OtherDeferredTax 2023-09-30 06708772 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 06708772










10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06708772

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 3 
600,000
600,000

  
600,000
600,000

  

Creditors: amounts falling due within one year
 4 
(39,323)
(35,225)

Net current liabilities
  
 
 
(39,323)
 
 
(35,225)

Total assets less current liabilities
  
560,677
564,775

Provisions for liabilities
  

Deferred tax
 5 
(90,771)
(90,771)

  
 
 
(90,771)
 
 
(90,771)

Net assets
  
469,906
474,004


Capital and reserves
  

Investment property reserve
 7 
329,701
329,701

Other reserves
 7 
195,313
195,313

Profit and loss account
 7 
(55,108)
(51,010)

  
469,906
474,004


Page 1

 
10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06708772
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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: 


G Scott-Dalgleish
Director

Date: 25 June 2025

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

Page 2

 
10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by guarantee, incorporated in England and Wales, registration number 06708772. The registered office is Wilson Barca LLP, Carlisle Buildings, 18 Carlisle Street, London, W1D 3BX.
The principle activity of the company is that of managing the properties at 10 & 12 Cadogan Square.

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

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 the Statement of comprehensive income.

  
2.3

Financial Instruments

The Company only enters into basic financial instrument 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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

 
2.4

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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 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.



3.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
600,000



At 30 September 2024
600,000

The 2024 valuations were made by the directors, 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
195,313
195,313

Page 4

 
10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,698
1,100

Other creditors
35,025
33,025

Accruals and deferred income
2,600
1,100

39,323
35,225



5.


Deferred taxation




2024


£






At beginning of year
(90,771)



At end of year
(90,771)



The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movement on property
(90,771)
(90,771)


6.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).


7.


Reserves

Investment property revaluation reserve

The investment property reserve consists of unrealised gains on the fair value movement of the investment property less the deferred tax arising thereon.

Other reserves

Other reserves consists of loans totalling £195,313, repayable at the discretion of the company, made by the tennants to finance the purchase of the common areas of the buildings.

Page 5

 
10 & 12 CADOGAN SQUARE MANAGEMENT LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. 


9.


Related party transactions

Directors of the company, either personally or through entities related to them, have provided the company, with interest-free loans repayable at the discretion of the company, totalling £40,641 (2023: £40,641) to assist in the purchase of the common areas of the buildings.
Included in other creditors is £35,025 (2023: £33,025) advanced by the leaseholders as interest free loans to cover the operating costs of the company.

 
Page 6