Caseware UK (AP4) 2024.0.164 2024.0.164 2023-06-30 2023-06-30 1 2022-07-01 false No description of principal activity 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09072128 2022-07-01 2023-06-30 09072128 2021-07-01 2022-06-30 09072128 2023-06-30 09072128 2022-06-30 09072128 c:Director1 2022-07-01 2023-06-30 09072128 d:FreeholdInvestmentProperty 2023-06-30 09072128 d:FreeholdInvestmentProperty 2022-06-30 09072128 d:FreeholdInvestmentProperty 2 2022-07-01 2023-06-30 09072128 d:CurrentFinancialInstruments 2023-06-30 09072128 d:CurrentFinancialInstruments 2022-06-30 09072128 d:Non-currentFinancialInstruments 2023-06-30 09072128 d:Non-currentFinancialInstruments 2022-06-30 09072128 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09072128 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09072128 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09072128 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09072128 d:ShareCapital 2023-06-30 09072128 d:ShareCapital 2022-06-30 09072128 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 09072128 d:RetainedEarningsAccumulatedLosses 2023-06-30 09072128 d:RetainedEarningsAccumulatedLosses 2022-06-30 09072128 c:FRS102 2022-07-01 2023-06-30 09072128 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09072128 c:FullAccounts 2022-07-01 2023-06-30 09072128 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09072128 f:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 09072128 163 MORNING LANE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
163 MORNING LANE LIMITED REGISTERED NUMBER: 09072128 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023
| 2023 | 2023 | 2022 | 2022
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 900,000 |  | 1,166,781
|  |  | 900,000 |  | 1,166,781
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 68,694 |  | 391,016 |
Cash at bank and in hand |  | - |  | 926 |
|  | 68,694 |  | 391,942 |
Current liabilities |  |  |  |  |
Creditors: Amounts Falling Due Within One Year | 6 | (1,636,248) |  | (1,560,467) |
Net current liabilities |  |  | (1,567,554) |  | (1,168,525)
Total assets less current liabilities |  |  | (667,554) |  | (1,744)
Creditors: amounts falling due after more than one year | 7 |  | (34,039) |  | (33,932)
Net liabilities |  |  | (701,593) |  | (35,676)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (701,594) |  | (35,677)
|  |  | (701,593) |  | (35,676)
Page 1
163 MORNING LANE LIMITED REGISTERED NUMBER: 09072128 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2023 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 her 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 income and retained earnings 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 31 December 2025.
Ruth Jacqueline Basrawy
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
163 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. | General information
163 Morning Lane Limited is a private company limited by shares and registered in England & Wales. Its registered office is 124 Finchley Road, London, England, NW3 5JS. 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
At the reporting date, the company had net liabilities of £701,593. The company is dependent on the continued financial support of its director and creditors who have confirmed their intention to support the company. On the basis of the aforementioned support, the director considers it appropriate to prepare the company's financial statements on the going concern basis. After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainly exists over the company’s future.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP.
| 2.4 | 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. Investment property are leased to tenants under operating leases. The rental income receivable under these leases is recognised through profit and loss on a straight line basis over the term of the lease. Any rent-free period is spread over the period of the lease. Since the risks and rewards of ownership have not been transferred to the lessee, the assets held under these leases continue to be recognised in the company's financial statements.
| 2.5 | Borrowing costs
All borrowing costs are recognised in the statement of income and retained earnings in the year in which they are incurred. Page 3
163 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 2.Accounting policies (continued)
| 2.6 | Investment property
Investment property is carried at fair value determined annually 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 the statement of income and retained earnings.
| 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.
| 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.
| 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 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
Page 4
163 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2022 | 1,166,781
| Surplus/(deficit) on revaluation | (266,781)
| At 30 June 2023 | 900,000
The 2023 valuations were made by the director, on an open market value for existing use basis.
| At 30 June 2023
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Historic cost | 1,166,781 | 1,166,781
|  | 1,166,781 | 1,166,781
5. | Debtors
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Other debtors | 68,693 | 129,043
| Called up share capital not paid | 1 | 1
| Prepayments and accrued income | - | 261,972
|  | 68,694 | 391,016
Page 5
163 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Bank loans | 8,333 | 8,333
| Other loans | 734,361 | 658,731
| Corporation tax | - | 1,849
| Other creditors | 879,054 | 879,054
| Accruals and deferred income | 14,500 | 12,500
|  | 1,636,248 | 1,560,467
| The amounts included within bank loans and other loans are secured by a fixed and floating charge over the assets of the company.
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Bank loans | 34,039 | 33,932
|  | 34,039 | 33,932
| The amounts included within bank loans are secured by a fixed and floating charge over the assets of the company.
8. | Reserves
Profit and loss account Included in reserves carried forward are unrealised losses of £266,781 (2022: £Nil) relating to the revaluation of investment property. Accordingly, there are non-distributable reserves of £(266,781) (2022: £Nil) included in retained earnings carried forward.
Page 6