Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-31 2023-01-31 2 false 2022-02-01 No description of principal activity 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11906129 2022-02-01 2023-01-31 11906129 2021-02-01 2022-01-31 11906129 2023-01-31 11906129 2022-01-31 11906129 2021-02-01 11906129 c:CompanySecretary1 2022-02-01 2023-01-31 11906129 c:Director1 2022-02-01 2023-01-31 11906129 c:Director2 2022-02-01 2023-01-31 11906129 c:RegisteredOffice 2022-02-01 2023-01-31 11906129 d:MotorVehicles 2022-02-01 2023-01-31 11906129 d:MotorVehicles 2023-01-31 11906129 d:MotorVehicles 2022-01-31 11906129 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 11906129 d:FreeholdInvestmentProperty 2022-02-01 2023-01-31 11906129 d:FreeholdInvestmentProperty 2023-01-31 11906129 d:FreeholdInvestmentProperty 2022-01-31 11906129 d:CurrentFinancialInstruments 2023-01-31 11906129 d:CurrentFinancialInstruments 2022-01-31 11906129 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11906129 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11906129 d:ShareCapital 2023-01-31 11906129 d:ShareCapital 2022-01-31 11906129 d:RetainedEarningsAccumulatedLosses 2023-01-31 11906129 d:RetainedEarningsAccumulatedLosses 2022-01-31 11906129 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 11906129 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 11906129 d:OtherDeferredTax 2023-01-31 11906129 d:OtherDeferredTax 2022-01-31 11906129 c:FRS102 2022-02-01 2023-01-31 11906129 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11906129 c:FullAccounts 2022-02-01 2023-01-31 11906129 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 11906129 LLAMA LETTINGS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2023
LLAMA LETTINGS LIMITED CONTENTS
| Page
Company information | 1
Statement of financial position | 2 - 3
Notes to the financial statements | 4 - 9
LLAMA LETTINGS LIMITED COMPANY INFORMATION
Directors | Brandon W Ransley
| Alexis L Warner
Company secretary | Alexis L Warner
Registered number | 11906129
Registered office | The Granary
| Tunnel Hill Mews
| Knock Lane
| Blisworth
| Northampton
| NN7 3DA
Accountants | MHA
| Chartered Accountants
| Moorgate House
| 201 Silbury Boulevard
| Milton Keynes
| Buckinghamshire
| MK9 1LZ
Page 1
LLAMA LETTINGS LIMITED REGISTERED NUMBER: 11906129 STATEMENT OF FINANCIAL POSITION AS AT 31 JANUARY 2023
|  | 2023 |  | 2022
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 77,711 |  | -
Investment property | 5 |  | 774,278 |  | 440,000
|  |  | 851,989 |  | 440,000
Current assets |  |  |  |  |
Cash at bank and in hand | 6 | 1,050 |  | 575 |
|  | 1,050 |  | 575 |
Creditors: amounts falling due within one year | 7 | (800,245) |  | (398,157) |
Net current liabilities |  |  | (799,195) |  | (397,582)
Total assets less current liabilities |  |  | 52,794 |  | 42,418
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (10,084) |  | (2,825) |
|  |  | (10,084) |  | (2,825)
Net assets |  |  | 42,710 |  | 39,593
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 42,610 |  | 39,493
|  |  | 42,710 |  | 39,593
Page 2
LLAMA LETTINGS LIMITED REGISTERED NUMBER: 11906129 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JANUARY 2023 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 by:
................................................ Brandon W Ransley
Director
Date: 25 August 2023
The notes on pages 4 to 9 form part of these financial statements. Page 3
LLAMA LETTINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
1. | General information
Llama Lettings Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Granary Tunnel Hill Mews, Knock Lane, Bilsworth, Northampton, Northamptonshire, NN7 3DA. The principal activity of the company during the year was rental of investement properties. The functional currency of the Company is Sterling. All figures in the financial statements are rounded to the nearest whole number. 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 | 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
LLAMA LETTINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 2.Accounting policies (continued)
| 2.5 | 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 reporting 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 reporting 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 reporting date.
| 2.6 | 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. 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 | - | straight line over 6 years
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.
| 2.7 | 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. Page 5
LLAMA LETTINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 2.Accounting policies (continued)
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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 reporting 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 Statement of financial position.
| 2.11 | 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. 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. Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when 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.
| 2.12 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
Page 6
LLAMA LETTINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
4. | Tangible fixed assets
|  | Motor vehicles
|  | £
| Cost or valuation |
| Additions | 84,776
| At 31 January 2023 | 84,776
| Depreciation |
| Charge for the year on owned assets | 7,065
| At 31 January 2023 | 7,065
| Net book value |
| At 31 January 2023 | 77,711
| At 31 January 2022 | -
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 February 2022 | 440,000
| Additions at cost | 334,278
| At 31 January 2023 | 774,278
The 2023 valuations were made by the Directors , on an open market value for existing use basis. The historic cost of the investment property is £428,700 (2022 - £428,700).
Page 7
LLAMA LETTINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
6. | Cash and cash equivalents
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,050 | 575
|  | 1,050 | 575
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Other loans | 568,245 | -
| Corporation tax | - | 4,657
| Other creditors | 230,500 | 392,000
| Accruals and deferred income | 1,500 | 1,500
|  | 800,245 | 398,157
| Other loans are secured by fixed and floating charges over the properties.
8. | Deferred taxation
|  | 2023 | 2022
|  | £ | £
| At beginning of year | (2,825) | -
| Charged to profit or loss | 7,259 | 2,825
| At end of year | 10,084 | 2,825
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Accelerated capital allowances | (7,259) | -
| Revaluation gains on investment property | 2,825 | 2,825
Page 8
LLAMA LETTINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
9. | Controlling party
There is no controlling party.
Page 9