Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetrue2022-06-01No description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12350847 2022-06-01 2022-12-31 12350847 2021-06-01 2022-05-31 12350847 2022-12-31 12350847 2022-05-31 12350847 c:Director1 2022-06-01 2022-12-31 12350847 d:CurrentFinancialInstruments 2022-12-31 12350847 d:CurrentFinancialInstruments 2022-05-31 12350847 d:Non-currentFinancialInstruments 2022-12-31 12350847 d:Non-currentFinancialInstruments 2022-05-31 12350847 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12350847 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12350847 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12350847 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12350847 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 12350847 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 12350847 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12350847 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 12350847 d:ShareCapital 2022-12-31 12350847 d:ShareCapital 2022-05-31 12350847 d:RetainedEarningsAccumulatedLosses 2022-12-31 12350847 d:RetainedEarningsAccumulatedLosses 2022-05-31 12350847 c:FRS102 2022-06-01 2022-12-31 12350847 c:AuditExempt-NoAccountantsReport 2022-06-01 2022-12-31 12350847 c:FullAccounts 2022-06-01 2022-12-31 12350847 c:PrivateLimitedCompanyLtd 2022-06-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 12350847









ELAVACE ESTATES NUMBER 1 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
ELAVACE ESTATES NUMBER 1 LIMITED
REGISTERED NUMBER: 12350847

BALANCE SHEET
AS AT 31 DECEMBER 2022

31 December
31 December
31 May
31 May
2022
2022
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
21,339
54,643

Cash at bank and in hand
 5 
219
997

  
21,558
55,640

Creditors: amounts falling due within one year
 6 
(70,219)
(180,982)

Net current liabilities
  
 
 
(48,661)
 
 
(125,342)

Total assets less current liabilities
  
(48,661)
(125,342)

Creditors: amounts falling due after more than one year
 7 
(30,000)
(35,833)

  

Net liabilities
  
(78,661)
(161,175)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(78,761)
(161,275)

Total equity
  
(78,661)
(161,175)


Page 1

 
ELAVACE ESTATES NUMBER 1 LIMITED
REGISTERED NUMBER: 12350847
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 period 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 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: 




................................................
M Walsh
Director

Date: 5 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ELAVACE ESTATES NUMBER 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Elavace Estates Number 1 Limited is a private company limited by shares. The Company is incorporated in England and Wales and the registered office is 29-31 Seymour Terrace, Seymour Street, Liverpool, England, L3 5PE.

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 financial statements have been prepared on a going concern basis notwithstanding that there is a deficiency of assets as at 31 December 2022. The shareholder of the company has agreed to continue supporting the company to meet its working capital requirement and obligations. On this basis the directors consider it appropriate to prepare the financial statement on a going concern basis.

 
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

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.

 
2.5

Borrowing costs

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

Page 3

 
ELAVACE ESTATES NUMBER 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


Debtors

31 December
31 May
2022
2022
£
£


Amounts owed by group undertakings
5,240
7,044

Other debtors
16,099
47,599

21,339
54,643


Page 4

 
ELAVACE ESTATES NUMBER 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Cash and cash equivalents

31 December
31 May
2022
2022
£
£

Cash at bank and in hand
219
997



6.


Creditors: Amounts falling due within one year

31 December
31 May
2022
2022
£
£

Bank loans
10,000
10,000

Other taxation and social security
54,919
54,919

Other creditors
2,750
114,563

Accruals and deferred income
2,550
1,500

70,219
180,982



7.


Creditors: Amounts falling due after more than one year

31 December
31 May
2022
2022
£
£

Bank loans
30,000
35,833


Page 5

 
ELAVACE ESTATES NUMBER 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

8.


Loans


Analysis of the maturity of loans is given below:


31 December
31 May
2022
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
20,000
25,833


40,000
45,833


 
Page 6