Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 true No description of principal activity false 1 true 1 false 2024-07-01 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08674623 2024-07-01 2025-06-30 08674623 2023-07-01 2024-06-30 08674623 2025-06-30 08674623 2024-06-30 08674623 c:Director1 2024-07-01 2025-06-30 08674623 d:FreeholdInvestmentProperty 2025-06-30 08674623 d:FreeholdInvestmentProperty 2024-06-30 08674623 d:FreeholdInvestmentProperty 2 2024-07-01 2025-06-30 08674623 d:CurrentFinancialInstruments 2025-06-30 08674623 d:CurrentFinancialInstruments 2024-06-30 08674623 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 08674623 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08674623 d:ShareCapital 2025-06-30 08674623 d:ShareCapital 2024-06-30 08674623 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 08674623 d:RetainedEarningsAccumulatedLosses 2025-06-30 08674623 d:RetainedEarningsAccumulatedLosses 2024-06-30 08674623 c:FRS102 2024-07-01 2025-06-30 08674623 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 08674623 c:FullAccounts 2024-07-01 2025-06-30 08674623 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 08674623 f:PoundSterling 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure

Registered number: 08674623 86 MORNING LANE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
86 MORNING LANE LIMITED REGISTERED NUMBER: 08674623 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 575,000 |  | 630,000
|  |  | 575,000 |  | 630,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 12,270 |  | 12,270 |
|  | 12,270 |  | 12,270 |
Current liabilities |  |  |  |  |
Creditors: Amounts Falling Due Within One Year | 6 | (2,172,137) |  | (1,933,552) |
Net current liabilities |  |  | (2,159,867) |  | (1,921,282)
Total assets less current liabilities |  |  | (1,584,867) |  | (1,291,282)
Net liabilities |  |  | (1,584,867) |  | (1,291,282)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | (1,584,869) |  | (1,291,284)
|  |  | (1,584,867) |  | (1,291,282)
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86 MORNING LANE LIMITED REGISTERED NUMBER: 08674623 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 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 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 9 January 2026.
David Jeffrey Basrawy
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
86 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
The company is registered in England & Wales and its registered number is 08674623. The company is a private company limited by shares. Its registered office is 124 Finchley Road, London, 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 £1,584,867. 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
86 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 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 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 | 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.
| 2.9 | 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 (2024 - 1).
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86 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Investment property
|  | Investment property
|  | £
| Valuation |
| At 1 July 2024 | 630,000
| Surplus/(deficit) on revaluation | (55,000)
| At 30 June 2025 | 575,000
The 2025 valuations were made by the director, on an open market value for existing use basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 740,721 | 740,721
|  | 740,721 | 740,721
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 12,270 | 12,270
|  | 12,270 | 12,270
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 1,973,946 | 1,732,961
| Other creditors | 193,671 | 193,671
| Accruals and deferred income | 4,520 | 6,920
|  | 2,172,137 | 1,933,552
| The amounts included within other loans are secured by a fixed and floating charge over the assets of the company.
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86 MORNING LANE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | Reserves
Profit and loss account Included in reserves carried forward are unrealised losses of £165,721 (2024: £110,721) relating to the revaluation of investment property. Accordingly, there are non-distributable reserves of £(165,721) (2024: £(110,721)) included in retained earnings carried forward.
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