Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-282021-03-01falseProperty investment23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08362118 2021-03-01 2022-02-28 08362118 2020-03-01 2021-02-28 08362118 2022-02-28 08362118 2021-02-28 08362118 c:Director1 2021-03-01 2022-02-28 08362118 d:OfficeEquipment 2021-03-01 2022-02-28 08362118 d:OfficeEquipment 2022-02-28 08362118 d:OfficeEquipment 2021-02-28 08362118 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 08362118 d:ComputerEquipment 2021-03-01 2022-02-28 08362118 d:ComputerEquipment 2022-02-28 08362118 d:ComputerEquipment 2021-02-28 08362118 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 08362118 d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 08362118 d:FreeholdInvestmentProperty 2022-02-28 08362118 d:FreeholdInvestmentProperty 2021-02-28 08362118 d:CurrentFinancialInstruments 2022-02-28 08362118 d:CurrentFinancialInstruments 2021-02-28 08362118 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08362118 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 08362118 d:ShareCapital 2022-02-28 08362118 d:ShareCapital 2021-02-28 08362118 d:RetainedEarningsAccumulatedLosses 2022-02-28 08362118 d:RetainedEarningsAccumulatedLosses 2021-02-28 08362118 c:OrdinaryShareClass1 2021-03-01 2022-02-28 08362118 c:OrdinaryShareClass1 2022-02-28 08362118 c:OrdinaryShareClass1 2021-02-28 08362118 c:FRS102 2021-03-01 2022-02-28 08362118 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 08362118 c:FullAccounts 2021-03-01 2022-02-28 08362118 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08362118










BURPHAM AND WARNINGCAMP PUB COMPANY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2022

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
REGISTERED NUMBER: 08362118

BALANCE SHEET
AS AT 28 FEBRUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,757
75,424

Investment property
 5 
500,000
500,000

  
543,757
575,424

Current assets
  

Debtors
 6 
2,675
2,894

Cash at bank and in hand
 7 
186,636
153,711

  
189,311
156,605

Creditors: amounts falling due within one year
 8 
(33,117)
(29,074)

Net current assets
  
 
 
156,194
 
 
127,531

Total assets less current liabilities
  
699,951
702,955

Provisions for liabilities
  

Deferred tax
  
(18,036)
(307)

  
 
 
(18,036)
 
 
(307)

Net assets
  
681,915
702,648


Capital and reserves
  

Called up share capital 
 9 
698,303
698,303

Profit and loss account
  
(16,388)
4,345

  
681,915
702,648


Page 1

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
REGISTERED NUMBER: 08362118
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2022

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 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 11 July 2022.




Mr R Essex
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1.


General information

Burpham and Warningcamp Pub Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Sovereign Court, 230 Upper Fifth Street, Milton Keynes, MK9 2HR.

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

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.

 
2.3

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 balance sheet 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 Balance sheet 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 balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
15%
Computer equipment
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
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 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. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when
Page 5

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)


2.10
Financial instruments (continued)

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 3).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2021
264,407
66,730
331,137



At 28 February 2022

264,407
66,730
331,137



Depreciation


At 1 March 2021
200,744
54,969
255,713


Charge for the year on owned assets
26,441
5,226
31,667



At 28 February 2022

227,185
60,195
287,380



Net book value



At 28 February 2022
37,222
6,535
43,757



At 28 February 2021
63,663
11,761
75,424

Page 6

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

5.


Investment property


Freehold investment property

£



Valuation


At 1 March 2021
500,000



At 28 February 2022
500,000

The 2022 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2022
2021
£
£



Other debtors
205
538

Prepayments and accrued income
2,470
2,356

2,675
2,894



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
186,636
153,711


Page 7

 
BURPHAM AND WARNINGCAMP PUB COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
302
-

Corporation tax
6,198
4,346

Other taxation and social security
1,128
2,039

Other creditors
19,468
18,000

Accruals and deferred income
6,021
4,689

33,117
29,074



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



698,303 (2021 - 698,303) Ordinary shares of £1.00 each
698,303
698,303


 
Page 8