Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-3012020-10-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07391441 2020-10-01 2021-09-30 07391441 2019-10-01 2020-09-30 07391441 2021-09-30 07391441 2020-09-30 07391441 c:Director1 2020-10-01 2021-09-30 07391441 d:FurnitureFittings 2020-10-01 2021-09-30 07391441 d:FurnitureFittings 2021-09-30 07391441 d:FurnitureFittings 2020-09-30 07391441 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 07391441 d:FreeholdInvestmentProperty 2020-10-01 2021-09-30 07391441 d:FreeholdInvestmentProperty 2021-09-30 07391441 d:FreeholdInvestmentProperty 2020-09-30 07391441 d:CurrentFinancialInstruments 2021-09-30 07391441 d:CurrentFinancialInstruments 2020-09-30 07391441 d:Non-currentFinancialInstruments 2021-09-30 07391441 d:Non-currentFinancialInstruments 2020-09-30 07391441 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 07391441 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 07391441 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 07391441 d:Non-currentFinancialInstruments d:AfterOneYear 2020-09-30 07391441 d:ShareCapital 2021-09-30 07391441 d:ShareCapital 2020-09-30 07391441 d:RevaluationReserve 2021-09-30 07391441 d:RevaluationReserve 2020-09-30 07391441 d:RetainedEarningsAccumulatedLosses 2021-09-30 07391441 d:RetainedEarningsAccumulatedLosses 2020-09-30 07391441 c:OrdinaryShareClass1 2020-10-01 2021-09-30 07391441 c:OrdinaryShareClass1 2021-09-30 07391441 c:OrdinaryShareClass1 2020-09-30 07391441 c:FRS102 2020-10-01 2021-09-30 07391441 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 07391441 c:FullAccounts 2020-10-01 2021-09-30 07391441 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 07391441 d:OtherDeferredTax 2021-09-30 07391441 d:OtherDeferredTax 2020-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07391441









COUNTRYSIDE LETTINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

 
COUNTRYSIDE LETTINGS LIMITED
REGISTERED NUMBER: 07391441

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
387
7,169

Investment property
 5 
550,000
1,548,000

  
550,387
1,555,169

Current assets
  

Debtors
 6 
8,447
8,464

Cash at bank
  
262,569
13,196

  
271,016
21,660

Creditors: amounts falling due within one year
 7 
(4,599)
(5,363)

Net current assets
  
 
 
266,417
 
 
16,297

Total assets less current liabilities
  
816,804
1,571,466

Creditors: amounts falling due after more than one year
 8 
(739,730)
(1,489,730)

Provisions for liabilities
  

Deferred tax
  
(4,707)
(4,707)

  
 
 
(4,707)
 
 
(4,707)

Net assets
  
72,367
77,029


Capital and reserves
  

Called up share capital 
 10 
4
4

Investment property revaluation reserve
  
19,646
44,150

Profit and loss account
  
52,717
32,875

  
72,367
77,029


Page 1

 
COUNTRYSIDE LETTINGS LIMITED
REGISTERED NUMBER: 07391441

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2021

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 by: 



................................................
R W Orr
Director

Date: 1 September 2022

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

Countryside Lettings Limited is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 19 Fairway, Petts Wood, Orpington, Kent, BR5 1EF. 
The financial statements are presented in sterling which is the functional currency of the company.

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

Going concern

The company continued to be  affected by restrictions imposed by the UK Government's response to the COVID-19 pandemic. However, the director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern meeting its own obligations, during the restrictions and as the restrictions are lifted.
The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

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.

 
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

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

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:

Fixtures and fittings
-
20%
straight - line

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 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.

 
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.

 
2.8

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 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. 

 
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.

Page 4

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 5

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 October 2020
11,569


Additions
446


Disposals
(11,569)



At 30 September 2021

446



Depreciation


At 1 October 2020
4,400


Charge for the year on owned assets
59


Disposals
(4,400)



At 30 September 2021

59



Net book value



At 30 September 2021
387



At 30 September 2020
7,169

Page 6

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2020
1,548,000


Disposals
(998,000)



At 30 September 2021
550,000

The 2021 valuations were made by the director, on an open market value for existing use basis.



At 30 September 2021



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2021
2020
£
£


Historic cost
525,648
1,499,143

Page 7

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.


Debtors


2021
2020
£
£



Trade debtors
6,517
5,815

Other debtors
-
1,800

Tax recoverable
1,930
849

8,447
8,464



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
-
237

Other creditors
-
1,800

Accruals and deferred income
4,599
3,326

4,599
5,363



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other loans
370,000
1,110,000

Other creditors
369,730
379,730

739,730
1,489,730


Page 8

 
COUNTRYSIDE LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

9.


Deferred taxation




2021


£






At beginning of year
(4,707)



At end of year
(4,707)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Investment property gains
(4,707)
(4,707)

(4,707)
(4,707)


10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



4 (2020 - 4) Ordinary shares of £1 each
4
4



11.


Related party transactions

The amount due to the director at the year end was £369,730 (2020 - £379,730).
The amount due to the shareholders of the company at the year end was £370,000 (2020 - £1,110,000).


Page 9