Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2No description of principal activitytruefalse2023-11-01false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11641006 2023-11-01 2024-10-31 11641006 2022-11-01 2023-10-31 11641006 2024-10-31 11641006 2023-10-31 11641006 c:Director2 2023-11-01 2024-10-31 11641006 d:FreeholdInvestmentProperty 2024-10-31 11641006 d:FreeholdInvestmentProperty 2023-10-31 11641006 d:CurrentFinancialInstruments 2024-10-31 11641006 d:CurrentFinancialInstruments 2023-10-31 11641006 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11641006 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11641006 d:ShareCapital 2024-10-31 11641006 d:ShareCapital 2023-10-31 11641006 d:RetainedEarningsAccumulatedLosses 2024-10-31 11641006 d:RetainedEarningsAccumulatedLosses 2023-10-31 11641006 c:FRS102 2023-11-01 2024-10-31 11641006 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11641006 c:FullAccounts 2023-11-01 2024-10-31 11641006 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11641006 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 11641006










KUTRITE WORKS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
KUTRITE WORKS LTD
REGISTERED NUMBER: 11641006

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
412,847
412,847

Current assets
  

Debtors: amounts falling due within one year
 5 
70,480
51,290

Cash at bank and in hand
  
1,047
1,483

  
71,527
52,773

Creditors: amounts falling due within one year
 6 
(490,075)
(469,876)

Net current liabilities
  
 
 
(418,548)
 
 
(417,103)

  

Net liabilities
  
(5,701)
(4,256)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(6,701)
(5,256)

  
(5,701)
(4,256)


Page 1

 
KUTRITE WORKS LTD
REGISTERED NUMBER: 11641006
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 on 23 June 2025.




P M Jacobs
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KUTRITE WORKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Kutrite Works Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 11641006). Its registered office is Kutrite Works, 9 Garden Street, Sheffield, S1 4BJ. The principal activity of the Company throughout the year continued to be that of letting of buildings.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net liabilities at 31 October 2024 of £5,701 (2023:£4,256). The financial statements have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the Company going forward.

 
2.3

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.

Page 3

 
KUTRITE WORKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
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.


 
2.5

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.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



3.


Employees

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

Page 4

 
KUTRITE WORKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
412,847



At 31 October 2024
412,847

The 2024 valuation is based on the value assigned to the property when the property was purchased. In the view of the directors there has been no material change to the valuation of the property since that  date.







5.


Debtors

2024
2023
£
£


Other debtors
68,552
51,290

Prepayments and accrued income
1,928
-

70,480
51,290



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
487,075
469,876

Accruals and deferred income
3,000
-

490,075
469,876


 
Page 5