Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false0No description of principal activity2024-01-010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07746707 2024-01-01 2024-12-31 07746707 2023-01-01 2023-12-31 07746707 2024-12-31 07746707 2023-12-31 07746707 c:Director1 2024-01-01 2024-12-31 07746707 d:CurrentFinancialInstruments 2024-12-31 07746707 d:CurrentFinancialInstruments 2023-12-31 07746707 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07746707 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07746707 d:ShareCapital 2024-12-31 07746707 d:ShareCapital 2023-12-31 07746707 c:FRS102 2024-01-01 2024-12-31 07746707 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07746707 c:FullAccounts 2024-01-01 2024-12-31 07746707 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07746707 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 07746707










ALEV UK SECURED CREDIT I LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ALEV UK SECURED CREDIT I LIMITED
REGISTERED NUMBER: 07746707

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
34,172
16,493

Creditors: amounts falling due within one year
 5 
(34,171)
(16,492)

Net current assets
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1


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 year 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 13 August 2025.






M G Childress
Director

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

Page 1

 
ALEV UK SECURED CREDIT I LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Alev UK Secured Credit I Limited is a private company, limited by shares, registered in England and Wales, registration number 07746707. The address of its registered office is 10 Queen Street Place, London, EC4R 1AG, and its principal place of business is Premier House, 15-19 Church Street West, Woking, GU21 6DJ.The principal activity is financial intermediation.

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

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.

 
2.3

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.

 
2.4

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.

  
2.5

Loan receivables

Applying the principles of FRS 102 Section 1A, the risks and rewards associated with the loan receivables reside with Alev Real Estate Credit I Limited the beneficial owner. Accordingly, the loans and advances and the revenues associated with those loans and advances are not reflected within these financial statements.

  
2.6

Other income

The Company has entered into agreements that entitle it to a full reimbursement of the expenses that it incurs in its role in the administration of loan receivables from Alev Real Estate Credit I Limited. This income is recognised on an accruals basis.

Page 2

 
ALEV UK SECURED CREDIT I LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
34,172
16,493



5.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
22,142
8,671

Accruals and deferred income
12,029
7,821

34,171
16,492



6.


Related party transactions

The Company has taken advantage of exemptions from disclosing transactions with related companies
under the provisions of Section 33 of FRS 102.

Page 3