Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03587027 2022-04-01 2023-03-31 03587027 2021-04-01 2022-03-31 03587027 2023-03-31 03587027 2022-03-31 03587027 c:Director1 2022-04-01 2023-03-31 03587027 d:FurnitureFittings 2022-04-01 2023-03-31 03587027 d:FurnitureFittings 2023-03-31 03587027 d:FurnitureFittings 2022-03-31 03587027 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03587027 d:ComputerEquipment 2022-04-01 2023-03-31 03587027 d:ComputerEquipment 2023-03-31 03587027 d:ComputerEquipment 2022-03-31 03587027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03587027 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03587027 d:Goodwill 2022-04-01 2023-03-31 03587027 d:Goodwill 2023-03-31 03587027 d:Goodwill 2022-03-31 03587027 d:ComputerSoftware 2023-03-31 03587027 d:ComputerSoftware 2022-03-31 03587027 d:CurrentFinancialInstruments 2023-03-31 03587027 d:CurrentFinancialInstruments 2022-03-31 03587027 d:Non-currentFinancialInstruments 2023-03-31 03587027 d:Non-currentFinancialInstruments 2022-03-31 03587027 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03587027 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03587027 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03587027 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03587027 d:ShareCapital 2023-03-31 03587027 d:ShareCapital 2022-03-31 03587027 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 03587027 d:OtherMiscellaneousReserve 2023-03-31 03587027 d:OtherMiscellaneousReserve 2022-03-31 03587027 d:RetainedEarningsAccumulatedLosses 2023-03-31 03587027 d:RetainedEarningsAccumulatedLosses 2022-03-31 03587027 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03587027 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03587027 c:FRS102 2022-04-01 2023-03-31 03587027 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03587027 c:FullAccounts 2022-04-01 2023-03-31 03587027 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03587027 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2022-04-01 2023-03-31 03587027 2 2022-04-01 2023-03-31 03587027 d:InternallyGeneratedIntangibleAssets 2022-04-01 2023-03-31 03587027 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 03587027 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03587027










BOURNE BUILDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BOURNE BUILDINGS LIMITED
REGISTERED NUMBER: 03587027

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
731,040
808,000

Tangible assets
 5 
3,826
4,354

  
734,866
812,354

Current assets
  

Stocks
  
28,387
33,397

Debtors
  
26,398
32,730

Cash at bank and in hand
 6 
582,154
751,085

  
636,939
817,212

Creditors: amounts falling due within one year
 7 
(235,238)
(347,916)

Net current assets
  
 
 
401,701
 
 
469,296

Total assets less current liabilities
  
1,136,567
1,281,650

Creditors: amounts falling due after more than one year
 8 
(527,821)
(596,194)

Provisions for liabilities
  

Deferred tax
 9 
(5,717)
(1,089)

  
 
 
(5,717)
 
 
(1,089)

Net assets
  
603,029
684,367


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
 10 
115,806
146,691

Profit and loss account
 10 
487,221
537,674

  
603,029
684,367


Page 1

 
BOURNE BUILDINGS LIMITED
REGISTERED NUMBER: 03587027
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 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: 






C F Mckay
Director
Date: 5 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Bourne Buildings Limited, (03587027), is a private company limited by shares. It is incorporated in
England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, England,
GU9 7PT.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

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

Page 3

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

Page 4

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 4 (2022 - 4).

Page 6

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Website development
Goodwill
Total

£
£
£



Cost


At 1 April 2022
-
960,000
960,000


Additions - internal
20,160
-
20,160



At 31 March 2023

20,160
960,000
980,160



Amortisation


At 1 April 2022
-
152,000
152,000


Charge for the year on owned assets
1,120
96,000
97,120



At 31 March 2023

1,120
248,000
249,120



Net book value



At 31 March 2023
19,040
712,000
731,040



At 31 March 2022
-
808,000
808,000



Page 7

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
5,280
572
5,852


Additions
-
646
646



At 31 March 2023

5,280
1,218
6,498



Depreciation


At 1 April 2022
1,328
170
1,498


Charge for the year on owned assets
988
186
1,174



At 31 March 2023

2,316
356
2,672



Net book value



At 31 March 2023
2,964
862
3,826



At 31 March 2022
3,952
402
4,354


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
582,154
751,085



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,541
50,290

Corporation tax
95,504
173,785

Other taxation and social security
48,748
54,026

Other creditors
72,745
65,115

Accruals and deferred income
4,700
4,700

235,238
347,916


Page 8

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
527,821
596,194


The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable by instalments
218,400
301,505

218,400
301,505



Page 9

 
BOURNE BUILDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023


£






At beginning of year
(1,089)


Charged to profit or loss
(4,628)



At end of year
(5,717)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,717)
(1,089)

(5,717)
(1,089)


10.


Reserves

Other reserves

Capital contribution reserve
This reserve represents the capital contribution made by a related party on a below market rate loan.

 
Page 10