Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-30 2024-11-30 Operating of own or leased real estate 0 0 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01 false true true false 14463115 2023-12-01 2024-11-30 14463115 2022-11-04 2023-11-30 14463115 2024-11-30 14463115 2023-11-30 14463115 c:Director1 2023-12-01 2024-11-30 14463115 d:FreeholdInvestmentProperty 2023-12-01 2024-11-30 14463115 d:FreeholdInvestmentProperty 2024-11-30 14463115 d:FreeholdInvestmentProperty 2023-11-30 14463115 d:CurrentFinancialInstruments 2024-11-30 14463115 d:CurrentFinancialInstruments 2023-11-30 14463115 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 14463115 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14463115 d:ShareCapital 2024-11-30 14463115 d:ShareCapital 2023-11-30 14463115 d:RetainedEarningsAccumulatedLosses 2024-11-30 14463115 d:RetainedEarningsAccumulatedLosses 2023-11-30 14463115 c:FRS102 2023-12-01 2024-11-30 14463115 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14463115 c:FullAccounts 2023-12-01 2024-11-30 14463115 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14463115 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 14463115 TRANQUOLITY LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
TRANQUOLITY LIMITED REGISTERED NUMBER: 14463115 STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 1,270,116 |  | 1,075,693
|  |  | 1,270,116 |  | 1,075,693
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,982 |  | 100 |
Cash at bank and in hand | 6 | 47,933 |  | 63,859 |
|  | 49,915 |  | 63,959 |
Creditors: amounts falling due within one year | 7 | (1,365,516) |  | (1,162,860) |
Net current liabilities |  |  | (1,315,601) |  | (1,098,901)
Total assets less current liabilities |  |  | (45,485) |  | (23,208)
Net liabilities |  |  | (45,485) |  | (23,208)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (45,585) |  | (23,308)
|  |  | (45,485) |  | (23,208)
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TRANQUOLITY LIMITED REGISTERED NUMBER: 14463115 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 NOVEMBER 2024 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. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2025.
Svetlana Ilina
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
TRANQUOLITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
1. | General information
Tranquolity Limited is a private company limited by share capital, incorporated in England and Wales, registration number 14463115. The address of the registered office is 10 Queen Street Place, London, EC4R 1AG. The company's principal trading activity is letting and operating of own or leased real estate. The financial statements are presented in Sterling (£). 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 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.4 | Investment property
Investment property is carried at fair value determined by external valuers. No depreciation is provided. Changes in fair value are recognised in profit or loss. The Investment property is currently under construction therefore the property has not been revalued in the current year.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 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 | 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. Page 3
TRANQUOLITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 2.Accounting policies (continued)
| 2.8 | 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. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)
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TRANQUOLITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 December 2023 | 1,075,693
| Additions at cost | 194,423
| At 30 November 2024 | 1,270,116
The 2023 valuations were made by David Cossins Surveyors Limited, on an open market value for existing use basis. The directors have reviewed this valuation at the end of 2024 and believe the valuation to be the correct market value.
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 1,270,116 | 1,075,693
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Called up share capital not paid | 100 | 100
| Prepayments and accrued income | 1,882 | -
|  | 1,982 | 100
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 47,933 | 63,859
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TRANQUOLITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 1,359,121 | 1,159,297
| Trade creditors | 1,984 | 1,063
| Accruals and deferred income | 4,411 | 2,500
|  | 1,365,516 | 1,162,860
8. | Related party transactions
| Included within other creditors due within one year are amounts totalling £1,359,121 (2023: £1,159,297) owed to the directors. This loan in interest free and repayable on demand.
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