Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-31 2024-07-31 true 2023-08-01 false No description of principal activity 1 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10912529 2023-08-01 2024-07-31 10912529 2022-08-01 2023-07-31 10912529 2024-07-31 10912529 2023-07-31 10912529 2022-08-01 10912529 3 2022-08-01 2023-07-31 10912529 d:Director1 2023-08-01 2024-07-31 10912529 e:FreeholdInvestmentProperty 2024-07-31 10912529 e:FreeholdInvestmentProperty 2023-07-31 10912529 e:CurrentFinancialInstruments 2024-07-31 10912529 e:CurrentFinancialInstruments 2023-07-31 10912529 e:Non-currentFinancialInstruments 2024-07-31 10912529 e:Non-currentFinancialInstruments 2023-07-31 10912529 e:CurrentFinancialInstruments e:WithinOneYear 2024-07-31 10912529 e:CurrentFinancialInstruments e:WithinOneYear 2023-07-31 10912529 e:Non-currentFinancialInstruments e:AfterOneYear 2024-07-31 10912529 e:Non-currentFinancialInstruments e:AfterOneYear 2023-07-31 10912529 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-07-31 10912529 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-07-31 10912529 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-07-31 10912529 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-07-31 10912529 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-07-31 10912529 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-07-31 10912529 e:ShareCapital 2023-08-01 2024-07-31 10912529 e:ShareCapital 2024-07-31 10912529 e:ShareCapital 2022-08-01 2023-07-31 10912529 e:ShareCapital 2023-07-31 10912529 e:ShareCapital 2022-08-01 10912529 e:InvestmentPropertiesRevaluationReserve 2023-08-01 2024-07-31 10912529 e:InvestmentPropertiesRevaluationReserve 2024-07-31 10912529 e:InvestmentPropertiesRevaluationReserve 2022-08-01 2023-07-31 10912529 e:InvestmentPropertiesRevaluationReserve 2023-07-31 10912529 e:InvestmentPropertiesRevaluationReserve 2022-08-01 10912529 e:InvestmentPropertiesRevaluationReserve 3 2022-08-01 2023-07-31 10912529 e:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 10912529 e:RetainedEarningsAccumulatedLosses 2024-07-31 10912529 e:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 10912529 e:RetainedEarningsAccumulatedLosses 2023-07-31 10912529 e:RetainedEarningsAccumulatedLosses 2022-08-01 10912529 e:RetainedEarningsAccumulatedLosses 3 2022-08-01 2023-07-31 10912529 e:OtherDeferredTax 2024-07-31 10912529 e:OtherDeferredTax 2023-07-31 10912529 d:FRS102 2023-08-01 2024-07-31 10912529 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10912529 d:FullAccounts 2023-08-01 2024-07-31 10912529 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10912529 e:ShareCapital 3 2022-08-01 2023-07-31 10912529 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 10912529 KAITO PROPERTY LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2024
KAITO PROPERTY LTD REGISTERED NUMBER: 10912529 STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 81,237 |  | 81,237
|  |  | 81,237 |  | 81,237
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 25,952 |  | 25,952 |
Cash at bank and in hand | 6 | 1,464 |  | 1,298 |
|  | 27,416 |  | 27,250 |
Creditors: amounts falling due within one year | 7 | (37,495) |  | (21,562) |
Net current (liabilities)/assets |  |  | (10,079) |  | 5,688
Total assets less current liabilities |  |  | 71,158 |  | 86,925
Creditors: amounts falling due after more than one year | 8 |  | (64,083) |  | (69,909)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (4,745) |  | (4,744) |
|  |  | (4,745) |  | (4,744)
Net assets |  |  | 2,330 |  | 12,272
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Investment property reserve | 11 |  | 19,326 |  | 19,326
Profit and loss account | 11 |  | (17,996) |  | (8,054)
|  |  | 2,330 |  | 12,272
Page 1
KAITO PROPERTY LTD REGISTERED NUMBER: 10912529 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 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 17 November 2025.
................................................ Obinna Osuagwu
Director
The notes on pages 5 to 12 form part of these financial statements. Page 2
KAITO PROPERTY LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2024
| Called up share capital | Investment property revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 August 2023 | 1,000 | 19,326 | (8,054) | 12,272
Comprehensive income for the year |  |  |  |
Loss for the year | - | - | (9,942) | (9,942)
Other comprehensive income for the year | - | - | - | -
Total comprehensive income for the year | - | - | (9,942) | (9,942)
Total transactions with owners | - | - | - | -
At 31 July 2024 | 1,000 | 19,326 | (17,996) | 2,330
| The notes on pages 5 to 12 form part of these financial statements.
Page 3
KAITO PROPERTY LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2023
| Called up share capital | Investment property revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 August 2022 | 1,000 | 18,979 | (6,904) | 13,075
Comprehensive income for the year |  |  |  |
Loss for the year | - | - | (1,150) | (1,150)
Other movement type 3 | - | 347 | - | 347
Other comprehensive income for the year | - | 347 | - | 347
Total comprehensive income for the year | - | 347 | (1,150) | (803)
Total transactions with owners | - | - | - | -
At 31 July 2023 | 1,000 | 19,326 | (8,054) | 12,272
| The notes on pages 5 to 12 form part of these financial statements.
Page 4
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1. | General information
The legal form of the entity is a private company limited by share capital, registered in England and Wales and the registerred address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY. 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 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 | 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: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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 5
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | 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 reporting 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 reporting 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 reporting date.
| 2.6 | 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.
| 2.7 | 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. Page 6
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 2.Accounting policies (continued)
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
Page 7
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 August 2023 | 81,237
| At 31 July 2024 | 81,237
The 2024 valuations were made by Director, on an open market value for existing use basis.
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Revaluation reserves |  |
| At 1 August 2023 | 19,326 | 18,979
| At 31 July 2024 | 19,326 | 18,979
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 51,000 | 51,000
|  | 51,000 | 51,000
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 25,952 | 25,952
|  | 25,952 | 25,952
Page 8
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,464 | 1,298
|  | 1,464 | 1,298
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 6,246 | 6,093
| Corporation tax | - | 463
| Other creditors | 23,939 | 9,286
| Accruals and deferred income | 7,310 | 5,720
|  | 37,495 | 21,562
Page 9
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 29,701 | 35,801
| Other loans | 34,382 | 34,108
|  | 64,083 | 69,909
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Mortgage | 34,382 | 34,108
|  | 34,382 | 34,108
| Details of security provided:
The loan is secured as a first charge to specific investment property and contains negative pledge.
| The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Repayable other than by instalments | 34,382 | 34,108
|  | 34,382 | 34,108
The amounts repaybale by other than installments is an interest only term loan where the whole principal amount is repayable at the end of the term and currently paying interest at a fixed rate of 7.5%. Page 10
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Other loans | 6,246 | 6,094
|  | 6,246 | 6,094
| Amounts falling due 1-2 years |  |
| Bank loans | 6,399 | 6,246
|  | 6,399 | 6,246
| Amounts falling due 2-5 years |  |
| Bank loans | 19,940 | 19,540
|  | 19,940 | 19,540
| Amounts falling due after more than 5 years |  |
| Bank loans | 3,361 | 10,014
| Other loans | 34,382 | 34,108
|  | 37,743 | 44,122
|  | 70,328 | 76,002
10. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | (4,745)
| At end of year | (4,745)
Page 11
KAITO PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 10.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Revaluations | (4,745) | (4,745)
|  | (4,745) | (4,745)
11. | Reserves
Investment property revaluation reserve The Investment Property Revaluation Reserve represents the surplus arising from the revaluation of investment properties. The reserve is presented separately in the statement of changes in equity. The Investment Property Revaluation Reserve is used to record the fair value adjustments made to investment properties. The revaluation surplus for the year is calculated as the difference between the fair value of the investment properties at the reporting date and their carrying amounts. Transfers to retained earnings represent the portion of the revaluation surplus that has been realised through the disposal or impairment of investment properties during the year. Deferred tax arising from the revaluation of investment properties is recognised in accordance with FRS 102. The deferred tax is calculated using the enacted or substantively enacted tax rates that are expected to apply when the temporary difference reverses. Profit and loss account Profit and loss reserves represents the company’s profits available for distribution in accordance with the Companies Act 2006 as its accumulated realised profits, so far as not previously utilised by distribution or capitalisation less its accumulated realised losses, so far as not previously written off in a reduction or capitalisation.
Page 12