Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42021-04-016truetrue 03440802 2021-04-01 2022-03-31 03440802 2020-04-01 2021-03-31 03440802 2022-03-31 03440802 2021-03-31 03440802 c:Director2 2021-04-01 2022-03-31 03440802 d:Buildings 2021-04-01 2022-03-31 03440802 d:Buildings 2022-03-31 03440802 d:Buildings 2021-03-31 03440802 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03440802 d:MotorVehicles 2021-04-01 2022-03-31 03440802 d:OtherPropertyPlantEquipment 2021-04-01 2022-03-31 03440802 d:OtherPropertyPlantEquipment 2022-03-31 03440802 d:OtherPropertyPlantEquipment 2021-03-31 03440802 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03440802 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03440802 d:CurrentFinancialInstruments 2022-03-31 03440802 d:CurrentFinancialInstruments 2021-03-31 03440802 d:Non-currentFinancialInstruments 2022-03-31 03440802 d:Non-currentFinancialInstruments 2021-03-31 03440802 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03440802 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 03440802 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03440802 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 03440802 d:ShareCapital 2022-03-31 03440802 d:ShareCapital 2021-03-31 03440802 d:RetainedEarningsAccumulatedLosses 2022-03-31 03440802 d:RetainedEarningsAccumulatedLosses 2021-03-31 03440802 c:FRS102 2021-04-01 2022-03-31 03440802 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 03440802 c:FullAccounts 2021-04-01 2022-03-31 03440802 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Registered number: 03440802


VOGUE ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

 
VOGUE ESTATES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
VOGUE ESTATES LIMITED
REGISTERED NUMBER:03440802

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,304,956
1,532,778

  
1,304,956
1,532,778

Current assets
  

Debtors: amounts falling due within one year
 5 
6,503
100,648

Cash at bank and in hand
  
47,197
1,574

  
53,700
102,222

Creditors: amounts falling due within one year
 6 
(427,030)
(868,562)

Net current liabilities
  
 
 
(373,330)
 
 
(766,340)

Total assets less current liabilities
  
931,626
766,438

Creditors: amounts falling due after more than one year
 7 
-
(3,475)

  

Net assets
  
931,626
762,963


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
929,626
760,963

  
931,626
762,963


Page 1

 
VOGUE ESTATES LIMITED
REGISTERED NUMBER:03440802
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 23 August 2022.




R.M. Tunks
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VOGUE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Vogue Estates Limited is a private company limited by shares incorporated in England. The address of the registered office and principal place of business is Lilacottae Church Hill, Rugeley, WS15 4PU.

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

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.

 
2.3

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

 
VOGUE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.3
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 both the straight line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery etc.
-
25-33% reducing balance and 5% 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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans from/to related parties.

 
2.7

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.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 4

 
VOGUE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Taxation

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 6).

Page 5

 
VOGUE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Freehold property
Plant and machinery etc.
Total

£
£
£



Cost


At 1 April 2021
1,846,252
473,071
2,319,323


Disposals
-
(473,071)
(473,071)



At 31 March 2022

1,846,252
-
1,846,252



Depreciation


At 1 April 2021
490,470
296,075
786,545


Charge for the year on owned assets
50,826
-
50,826


Disposals
-
(296,075)
(296,075)



At 31 March 2022

541,296
-
541,296



Net book value



At 31 March 2022
1,304,956
-
1,304,956



At 31 March 2021
1,355,782
176,996
1,532,778

Page 6

 
VOGUE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£


Trade debtors
6,503
5,098

Prepayments and accrued income
-
95,550

6,503
100,648



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
10,070
134,285

Amounts owed to other participating interests
-
360,648

Corporation tax
129,933
56,637

Other taxation and social security
33,279
106,246

Obligations under finance lease and hire purchase contracts
-
20,015

Other creditors
253,748
190,731

427,030
868,562


Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Net obligations under finance leases and hire purchase contracts
-
3,475


Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,369 (2021: £15,900). At the balance sheet date, contributions of £Nil were payable to the fund (2021: £574).

 
Page 7