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Registered number: 09469541









NO. 12 INVESTMENTS LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
NO. 12 INVESTMENTS LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal activity

The principal activities of the company continuted to be that of letting investment properties.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 12 August 2025 and signed on its behalf.
 





___________________________
Vikash Senghani
Director

1 -

 
NO. 12 INVESTMENTS LIMITED
REGISTERED NUMBER:09469541

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
3,977,571
3,827,900

  
3,977,571
3,827,900

Current assets
  

Debtors
  
9,600
7,500

Cash at bank and in hand
  
6,863
28,092

  
16,463
35,592

Creditors: amounts falling due within one year
  
(39,517)
(5,527)

Net current (liabilities)/assets
  
 
 
(23,054)
 
 
30,065

Total assets less current liabilities
  
3,954,517
3,857,965

Creditors: amounts falling due after more than one year
 5 
(3,707,561)
(3,623,293)

Provisions for liabilities
  

Deferred tax
 6 
(38,600)
(38,600)

  
 
 
(38,600)
 
 
(38,600)

Net assets
  
208,356
196,072


Capital and reserves
  

Called up share capital 
 7 
100
100

Revaluation reserve
  
164,556
164,556

Profit and loss account
  
43,700
31,416

  
208,356
196,072


2 -

 
NO. 12 INVESTMENTS LIMITED
REGISTERED NUMBER:09469541
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 profit and loss account 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 12 August 2025.




___________________________
Vikash Senghani
Director

3 -

 
NO. 12 INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

No. 12 Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Keslake Road, London, England, NW6 6DL. 

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

Revenue

Turnover represents rent received during the year.

 
2.3

Interest income

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

 
2.4

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.


 
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.

4 -

 
NO. 12 INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
3,827,900


Additions at cost
149,671



At 31 March 2025
3,977,571

The directors consider that the carrying amounts of investment properties at the balance sheet date approximatel to their fair value.




5 -

 
NO. 12 INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans (secured)
2,543,136
2,543,136

Other creditors
1,164,425
1,080,157

3,707,561
3,623,293


Bank loans were secured by a fixed and floating charge on the investment properties owned by the company.


6.


Deferred taxation




2025
2024


£

£






At beginning of year
38,600
38,600



At end of year
38,600
38,600

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Revaluation surplus
38,600
38,600


7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares shares of £1 each
100
100


 
6 -