Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30Buying and selling of own real estatefalse2023-10-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15253874 2023-09-30 15253874 2023-10-01 2024-09-30 15253874 2023-01-01 2023-10-31 15253874 2024-09-30 15253874 c:Director1 2023-10-01 2024-09-30 15253874 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 15253874 d:FreeholdInvestmentProperty 2024-09-30 15253874 d:CurrentFinancialInstruments 2024-09-30 15253874 d:Non-currentFinancialInstruments 2024-09-30 15253874 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15253874 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 15253874 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 15253874 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 15253874 d:ShareCapital 2024-09-30 15253874 d:RetainedEarningsAccumulatedLosses 2024-09-30 15253874 c:OrdinaryShareClass1 2023-10-01 2024-09-30 15253874 c:OrdinaryShareClass1 2024-09-30 15253874 c:FRS102 2023-10-01 2024-09-30 15253874 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 15253874 c:FullAccounts 2023-10-01 2024-09-30 15253874 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 15253874 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 15253874














ONETWENTYFIVE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
ONETWENTYFIVE LIMITED
REGISTERED NUMBER:15253874

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
6,460,710

Current assets
  

Debtors: amounts falling due within one year
 5 
10,845

Cash at bank and in hand
  
41,170

  
52,015

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,703,935)

Net current (liabilities)/assets
  
 
 
(2,651,920)

Total assets less current liabilities
  
3,808,790

Creditors: amounts falling due after more than one year
 7 
(4,035,220)

  

Net (liabilities)/assets
  
(226,430)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(226,530)

  
(226,430)


Page 1

 
ONETWENTYFIVE LIMITED
REGISTERED NUMBER:15253874
    
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 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 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.




M Pastorino
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ONETWENTYFIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Onetwentyfive Ltd is a limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 House Street, London, W1K 3NB.
The principal activity of the Company during the year was that of buying and selling real estate.
The financial statements are presented in £ sterling, which is the functional currency of the Company. 
The Company was incorporated and started trading on on 1 November 2023.

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

The Company made a loss for the period and at the balance sheet date has net current liabilities and net liabilities. The Director has obtained assurance from the Shareholder that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the Company in respect of services supplied in the period exclusive of trade discounts and excluding Value Added Tax.
Revenue is recognised when a service is provided.

 
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 period in which they are incurred.

Page 3

 
ONETWENTYFIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any differences 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.

 
2.8

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits.



3.


Employees




The average monthly number of employees, including directors, during the period was 1.

Page 4

 
ONETWENTYFIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
6,460,710



At 30 September 2024
6,460,710

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






5.


Debtors

2024
£


Other debtors
5,548

Prepayments and accrued income
5,297

10,845



6.


Creditors: Amounts falling due within one year

2024
£

Bank loans
54,530

Trade creditors
26,246

Amounts owed to group undertakings
2,614,165

Other creditors
1,434

Accruals and deferred income
7,560

2,703,935



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
4,035,220


Page 5

 
ONETWENTYFIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
54,530


Amounts falling due 2-5 years

Bank loans
163,590

Amounts falling due after more than 5 years

Bank loans
3,871,630

4,089,750



9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


Upon incorporation 100 Ordinary shares of £1.00 were issued for £100.


10.


Related party transactions

The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemption allowed under section 33.1A of FRS 102 not to disclose transactions with other group companies.


11.


Controlling party

During the period, Ooeight Limited controlled the Company by virtue of a controlling interest of 100% of the issued share capital.
 
Page 6