Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false1true2024-02-28falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15529071 2024-02-27 15529071 2024-02-28 2024-12-31 15529071 2023-02-28 2024-02-27 15529071 2024-12-31 15529071 c:Director1 2024-02-28 2024-12-31 15529071 d:Buildings d:LongLeaseholdAssets 2024-02-28 2024-12-31 15529071 d:Buildings d:LongLeaseholdAssets 2024-12-31 15529071 d:OfficeEquipment 2024-02-28 2024-12-31 15529071 d:OfficeEquipment 2024-12-31 15529071 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-28 2024-12-31 15529071 d:OwnedOrFreeholdAssets 2024-02-28 2024-12-31 15529071 d:CurrentFinancialInstruments 2024-12-31 15529071 d:Non-currentFinancialInstruments 2024-12-31 15529071 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15529071 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 15529071 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 15529071 d:ShareCapital 2024-12-31 15529071 d:RetainedEarningsAccumulatedLosses 2024-12-31 15529071 c:FRS102 2024-02-28 2024-12-31 15529071 c:AuditExempt-NoAccountantsReport 2024-02-28 2024-12-31 15529071 c:FullAccounts 2024-02-28 2024-12-31 15529071 c:PrivateLimitedCompanyLtd 2024-02-28 2024-12-31 15529071 2 2024-02-28 2024-12-31 15529071 e:PoundSterling 2024-02-28 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15529071










REEVES MEWS PARKING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
REEVES MEWS PARKING LIMITED
REGISTERED NUMBER: 15529071

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
3,969,176

  
3,969,176

Current assets
  

Debtors: amounts falling due within one year
 5 
125,644

Cash at bank and in hand
 6 
4,770

  
130,414

Creditors: amounts falling due within one year
 7 
(48,519)

Net current assets
  
 
 
81,895

Total assets less current liabilities
  
4,051,071

Creditors: amounts falling due after more than one year
 8 
(4,644,456)

  

Net (liabilities)/assets
  
(593,385)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(593,485)

  
(593,385)


Page 1

 
REEVES MEWS PARKING LIMITED
REGISTERED NUMBER: 15529071
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 10 July 2025.




Mr B M Williams
Director

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

Page 2

 
REEVES MEWS PARKING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Reeves Mews Parking Limited is a private company, limited by shares, incorporated in England and Wales, registered number 15529071. Its registered office is 104a Park Street, London, England, W1K 6NG.

The company was incorporated on the 28 February 2024 and presents its first period of accounts to 31 December 2024.
The financial statements are rounded to the nearest pound sterling. 
The significant accounting policies applied in the presentation of these financial statements are set out below.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which is dependent on the continued financial support of the Company's creditors.

 
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

 
REEVES MEWS PARKING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

 
2.9

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.

Page 4

 
REEVES MEWS PARKING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees

The average monthly number of employees, including the Director, during the period was as follows:


     31 December
        2024
            No.






Director
1


4.


Tangible fixed assets





Long-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


Additions
3,967,000
2,321
3,969,321



At 31 December 2024

3,967,000
2,321
3,969,321



Depreciation


Charge for the period on owned assets
-
145
145



At 31 December 2024

-
145
145



Net book value



At 31 December 2024
3,967,000
2,176
3,969,176

Page 5

 
REEVES MEWS PARKING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Debtors

2024
£


Other debtors
110,028

Prepayments and accrued income
15,616

125,644



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
4,770

4,770



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
43,878

Accruals and deferred income
4,641

48,519



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
2,150,000

Amounts owed to group undertakings
2,284,079

Accruals and deferred income
210,377

4,644,456


Page 6

 
REEVES MEWS PARKING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Other loans
2,150,000



2,150,000



10.


Related party transactions

Transactions with fellow group companies have not been disclosed in accordance with FRS 102 1a. Amounts owed to group undertakings are shown in note 8.


11.


Controlling party

The Company's parent undertaking is 41UG Holdco 1 Limited (formerly North Wind Capital Limited), a company incorporated in England and Wales. The Company's ultimate controlling party is the Director.

 
Page 7