Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312024-04-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11470857 2024-04-01 2025-03-31 11470857 2023-04-01 2024-03-31 11470857 2025-03-31 11470857 2024-03-31 11470857 c:Director2 2024-04-01 2025-03-31 11470857 d:FreeholdInvestmentProperty 2025-03-31 11470857 d:FreeholdInvestmentProperty 2024-03-31 11470857 d:CurrentFinancialInstruments 2025-03-31 11470857 d:CurrentFinancialInstruments 2024-03-31 11470857 d:Non-currentFinancialInstruments 2025-03-31 11470857 d:Non-currentFinancialInstruments 2024-03-31 11470857 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11470857 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11470857 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11470857 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11470857 d:ShareCapital 2025-03-31 11470857 d:ShareCapital 2024-03-31 11470857 d:RetainedEarningsAccumulatedLosses 2025-03-31 11470857 d:RetainedEarningsAccumulatedLosses 2024-03-31 11470857 c:OrdinaryShareClass1 2024-04-01 2025-03-31 11470857 c:OrdinaryShareClass1 2025-03-31 11470857 c:OrdinaryShareClass1 2024-03-31 11470857 c:FRS102 2024-04-01 2025-03-31 11470857 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11470857 c:FullAccounts 2024-04-01 2025-03-31 11470857 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11470857 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11470857









418 CENTENNIAL PARK 2018 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
418 CENTENNIAL PARK 2018 LIMITED
REGISTERED NUMBER: 11470857

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
663,139
663,139

Current assets
  

Debtors: amounts falling due within one year
 5 
41,829
32,372

Cash at bank and in hand
 6 
11,499
15,822

  
53,328
48,194

Creditors: amounts falling due within one year
 7 
(165,411)
(121,001)

Net current liabilities
  
 
 
(112,083)
 
 
(72,807)

Total assets less current liabilities
  
551,056
590,332

Creditors: amounts falling due after more than one year
 8 
(636,000)
(663,000)

  

Net liabilities
  
(84,944)
(72,668)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(85,044)
(72,768)

Total equity
  
(84,944)
(72,668)


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.
 
Page 1

 
418 CENTENNIAL PARK 2018 LIMITED
REGISTERED NUMBER: 11470857
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
D Berko
Director
Date: 27 June 2025

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

Page 2

 
418 CENTENNIAL PARK 2018 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

418 Centennial Park 2018 Ltd is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. 
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue comprises rental income, service charges and other recoveries from tenants of the company's investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease. 

 
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

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

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.

Page 3

 
418 CENTENNIAL PARK 2018 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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 receipts 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 4

 
418 CENTENNIAL PARK 2018 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Financial instruments (continued)


  
2.10

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees



The average monthly number of employees, including directors, during the year was 4 (2024 - 4).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
663,139



At 31 March 2025
663,139

The 2025 valuations were made by the directors, on an open market value for existing use basis.




5.


Debtors

2025
2024
£
£


Trade debtors
6,780
6,780

Other debtors
28,100
25,100

Prepayments and accrued income
6,949
492

41,829
32,372


Page 5

 
418 CENTENNIAL PARK 2018 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
11,499
15,822



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
6,457
402

Other taxation and social security
4,064
4,523

Accruals and deferred income
154,890
116,076

165,411
121,001



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other loans
636,000
663,000


Other loans are secured by a fixed charge over the investment property.


9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6