Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 false false Property letting 1 1 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00771512 2024-01-01 2024-12-31 00771512 2023-01-01 2023-12-31 00771512 2024-12-31 00771512 2023-12-31 00771512 c:Director1 2024-01-01 2024-12-31 00771512 d:CurrentFinancialInstruments 2024-12-31 00771512 d:CurrentFinancialInstruments 2023-12-31 00771512 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00771512 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00771512 d:ShareCapital 2024-12-31 00771512 d:ShareCapital 2023-12-31 00771512 d:RetainedEarningsAccumulatedLosses 2024-12-31 00771512 d:RetainedEarningsAccumulatedLosses 2023-12-31 00771512 c:FRS102 2024-01-01 2024-12-31 00771512 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00771512 c:FullAccounts 2024-01-01 2024-12-31 00771512 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00771512 2 2024-01-01 2024-12-31 00771512 6 2024-01-01 2024-12-31 00771512 e:PoundSterling 2024-01-01 2024-12-31 00771512 d:EntityControlledByKeyManagementPersonnel1 2024-01-01 2024-12-31 00771512 d:EntityControlledByKeyManagementPersonnel1 2024-12-31 00771512 d:EntityControlledByKeyManagementPersonnel2 2024-01-01 2024-12-31 00771512 d:EntityControlledByKeyManagementPersonnel2 2024-12-31 00771512 d:EntityControlledByKeyManagementPersonnel3 2024-01-01 2024-12-31 00771512 d:EntityControlledByKeyManagementPersonnel3 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 00771512 SHOP AND TOWN PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
SHOP AND TOWN PROPERTIES LIMITED REGISTERED NUMBER: 00771512 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note | £ | £ | £ | £
Current assets |  |  |  |  |
Stocks | 4 | 1,092,126 |  | 1,092,253 |
Debtors: amounts falling due within one year | 5 | 960,269 |  | 439,462 |
Current asset investments | 6 | 351,332 |  | 833,714 |
Cash at bank and in hand | 7 | 70,249 |  | 16,460 |
|  | 2,473,976 |  | 2,381,889 |
Creditors: amounts falling due within one year | 8 | (447,419) |  | (430,460) |
Net current assets |  |  | 2,026,557 |  | 1,951,429
Net assets |  |  | 2,026,557 |  | 1,951,429
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 20,000 |  | 20,000
Profit and loss account |  |  | 2,006,557 |  | 1,931,429
|  |  | 2,026,557 |  | 1,951,429
Page 1
SHOP AND TOWN PROPERTIES LIMITED REGISTERED NUMBER: 00771512 STATEMENT OF FINANCIAL POSITION (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 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 29 October 2025.
J B Coren
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
SHOP AND TOWN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Shop and Town Properties Limited is a company limited by shares, incorporated in England and Wales. The registered address of the company is 3 Brook Business Centre, Cowley Mill Road, Cowley, Uxbridge, UB8 2FX. The company specialises in property letting. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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. 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. Turnover comprises rent receivable by the company and is recognised on straight-line basis with the period when it is due.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.4 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method. Page 3
SHOP AND TOWN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Finance costs
Finance costs are charged to the Statement of comprehensive income 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 | Taxation
Tax is recognised in the Statement of comprehensive income 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 reporting date in the countries where the Company operates and generates income.
| 2.7 | Valuation of investments
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income.
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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 4
SHOP AND TOWN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. | Employees
The average monthly number of employees, including the director, during the year was 1 (2023 - 1).
4. | Stocks
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Property stock | 1,092,126 | 1,092,253
|  | 1,092,126 | 1,092,253
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 5,802 | 1,035
| Other debtors | 949,838 | 425,823
| Prepayments and accrued income | 4,629 | 12,604
|  | 960,269 | 439,462
6. | Current asset investments
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Listed investments | 351,332 | 833,714
|  | 351,332 | 833,714
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 70,249 | 16,460
|  | 70,249 | 16,460
Page 5
SHOP AND TOWN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 5,712 | -
| Corporation tax | 37,364 | 27,049
| Other creditors | 385,203 | 385,203
| Accruals and deferred income | 19,140 | 18,208
|  | 447,419 | 430,460
9. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 20,000 Ordinary shares of £1 each | 20,000 | 20,000
10. | Related party transactions
| Included within other creditors is an amount of £385,203 (2023 - £385,203) due to companies related by way of common director. Included within other debtors is an amount of £935,957 (2023 - £385,877) due from companies related by way of common director. Included within other debtors is an amount of £13,881 (2023 - £29,866) due from a shareholder of the company. The loan is interest-free and repayable on demand.
11. | Controlling party
The ultimate controlling party of the company are the Executors of the estate of Gerald Coren.
Page 6