Caseware UK (AP4) 2021.0.152 2021.0.152 false2021-04-01No description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03449418 2021-04-01 2022-03-31 03449418 2020-04-01 2021-03-31 03449418 2022-03-31 03449418 2021-03-31 03449418 c:CompanySecretary1 2021-04-01 2022-03-31 03449418 c:Director1 2021-04-01 2022-03-31 03449418 c:Director2 2021-04-01 2022-03-31 03449418 c:RegisteredOffice 2021-04-01 2022-03-31 03449418 d:MotorVehicles 2021-04-01 2022-03-31 03449418 d:MotorVehicles 2022-03-31 03449418 d:MotorVehicles 2021-03-31 03449418 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03449418 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03449418 d:FurnitureFittings 2021-04-01 2022-03-31 03449418 d:FurnitureFittings 2022-03-31 03449418 d:FurnitureFittings 2021-03-31 03449418 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03449418 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03449418 d:OfficeEquipment 2021-04-01 2022-03-31 03449418 d:OfficeEquipment 2022-03-31 03449418 d:OfficeEquipment 2021-03-31 03449418 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03449418 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03449418 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03449418 d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03449418 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03449418 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 03449418 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03449418 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 03449418 d:ShareCapital 2022-03-31 03449418 d:ShareCapital 2021-03-31 03449418 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 03449418 d:RetainedEarningsAccumulatedLosses 2022-03-31 03449418 d:RetainedEarningsAccumulatedLosses 2021-03-31 03449418 c:OrdinaryShareClass1 2021-04-01 2022-03-31 03449418 c:OrdinaryShareClass1 2022-03-31 03449418 c:OrdinaryShareClass1 2021-03-31 03449418 c:FRS102 2021-04-01 2022-03-31 03449418 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 03449418 c:AbridgedAccounts 2021-04-01 2022-03-31 03449418 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03449418 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 03449418 d:HirePurchaseContracts d:WithinOneYear 2021-03-31 03449418 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 03449418 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-03-31 03449418 2 2021-04-01 2022-03-31 03449418 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03449418 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 03449418 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 03449418 d:TaxLossesCarry-forwardsDeferredTax 2021-03-31 03449418 d:OtherDeferredTax 2022-03-31 03449418 d:OtherDeferredTax 2021-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03449418










ESSENBY ESTATES LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2022

 
ESSENBY ESTATES LIMITED
 

Company Information


Directors
N C Cotton 
C R Campbell 




Company secretary
C R Campbell



Registered number
03449418



Registered office
70 Clarkehouse Road

Sheffield

South Yorkshire

S10 2LJ





 
ESSENBY ESTATES LIMITED
Registered number: 03449418

Balance sheet
As at 31 March 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,534
71,937

Investments
 5 
1,573,023
1,748,023

  
1,630,557
1,819,960

Current assets
  

Debtors
  
86,164
92,838

Cash at bank and in hand
  
23,742
93,803

  
109,906
186,641

Creditors: amounts falling due within one year
  
(988,862)
(1,010,287)

Net current liabilities
  
 
 
(878,956)
 
 
(823,646)

Total assets less current liabilities
  
751,601
996,314

Creditors: amounts falling due after more than one year
  
(377,692)
(475,936)

Provisions for liabilities
  

Deferred tax
 8 
(9,565)
(39,000)

  
 
 
(9,565)
 
 
(39,000)

Net assets
  
364,344
481,378


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
364,244
481,278

  
364,344
481,378


Page 1

 
ESSENBY ESTATES LIMITED
Registered number: 03449418

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 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 on 31 August 2022.






N C Cotton
Director

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

Page 2

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2022

1.


General information

Essenby Estates Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
All members have consented to the abridgement of these financial statements.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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

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 comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

Page 3

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2022

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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.
      - Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint
         ventures and the Company can control the reversal of the timing differences and such reversal is not considered
         probable in the foreseeable future.
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.

 
2.9

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 4

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2022

2.Accounting policies (continued)


2.9
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:

Motor vehicles
-
20%
reducing balance
Fixtures and equipment
-
20%
reducing balance
Computer equipment
-
33%
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.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and
Page 5

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2022

2.Accounting policies (continued)


2.15
Financial instruments (continued)

liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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


4.


Tangible fixed assets





Motor vehicles
Fixtures and equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2021
86,140
1,568
4,438
92,146



At 31 March 2022

86,140
1,568
4,438
92,146



Depreciation


At 1 April 2021
15,576
214
4,419
20,209


Charge for the year on owned assets
-
271
19
290


Charge for the year on financed assets
14,113
-
-
14,113



At 31 March 2022

29,689
485
4,438
34,612



Net book value



At 31 March 2022
56,451
1,083
-
57,534



At 31 March 2021
70,564
1,354
19
71,937

Page 6

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2022

5.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2021
1,748,023


Disposals
(175,000)



At 31 March 2022
1,573,023





6.


Creditors

Bank loans totalling £330,240 (2021 : £391,888)  are secured by a fixed and floating charge over the investment properties owned by the company.


7.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
9,007
8,573

Between 2-5 years
48,132
57,139

57,139
65,712


8.


Deferred taxation




2022


£






At 1 April 2021
39,000


Released to profit or loss
(29,435)



At 31 March 2022
9,565

Page 7

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2022
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
9,565
13,557

Tax losses carried forward
-
(6,557)

On unrealised gains
-
32,000

9,565
39,000


9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 -100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

Included in the profit and loss account reserve is an amount of £Nil (2021 : £135,924) which is not currently distributable.


11.


Related party transactions

The company operates a Directors current account with Mr N Cotton a Director. The amount owed by the company at the financial year end was £233,958 (2021 £288,713). The Directors current account is interest free.
The company is also in receipt of a loan from a company of which Mr N Cotton is a Director and Shareholder. The balance outstanding at the financial year end was £620,270 (2021 £594,885).
The company has advanced a loan to a company of which Mr N Cotton is a Director and Shareholder. The balance outstanding at the financial year end was £78,000 (2021 £78,000l).


Page 8