Caseware UK (AP4) 2022.0.179 2022.0.179 109trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activitytrue 05646936 2022-04-01 2023-03-31 05646936 2021-04-01 2022-03-31 05646936 2023-03-31 05646936 2022-03-31 05646936 2021-04-01 05646936 c:Director1 2022-04-01 2023-03-31 05646936 d:MotorVehicles 2022-04-01 2023-03-31 05646936 d:MotorVehicles 2023-03-31 05646936 d:MotorVehicles 2022-03-31 05646936 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05646936 d:FurnitureFittings 2022-04-01 2023-03-31 05646936 d:FurnitureFittings 2023-03-31 05646936 d:FurnitureFittings 2022-03-31 05646936 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05646936 d:OfficeEquipment 2022-04-01 2023-03-31 05646936 d:OfficeEquipment 2023-03-31 05646936 d:OfficeEquipment 2022-03-31 05646936 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05646936 d:ComputerEquipment 2022-04-01 2023-03-31 05646936 d:ComputerEquipment 2023-03-31 05646936 d:ComputerEquipment 2022-03-31 05646936 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05646936 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05646936 d:CurrentFinancialInstruments 2023-03-31 05646936 d:CurrentFinancialInstruments 2022-03-31 05646936 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05646936 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05646936 d:UKTax 2022-04-01 2023-03-31 05646936 d:UKTax 2021-04-01 2022-03-31 05646936 d:ShareCapital 2023-03-31 05646936 d:ShareCapital 2022-03-31 05646936 d:RetainedEarningsAccumulatedLosses 2023-03-31 05646936 d:RetainedEarningsAccumulatedLosses 2022-03-31 05646936 c:OrdinaryShareClass1 2022-04-01 2023-03-31 05646936 c:OrdinaryShareClass1 2023-03-31 05646936 c:OrdinaryShareClass1 2022-03-31 05646936 c:FRS102 2022-04-01 2023-03-31 05646936 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05646936 c:FullAccounts 2022-04-01 2023-03-31 05646936 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05646936 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05646936 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05646936










Ingledale Centre Ltd








Unaudited

Financial statements

For the year ended 31 March 2023

 
Ingledale Centre Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Ingledale Centre Ltd for the year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ingledale Centre Ltd for the year ended 31 March 2023 which comprise the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Ingledale Centre Ltd, as a body, in accordance with the terms of our engagement letter dated 14 July 2023Our work has been undertaken solely to prepare for your approval the financial statements of Ingledale Centre Ltd  and state those matters that we have agreed to state to the Board of directors of Ingledale Centre Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ingledale Centre Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Ingledale Centre Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ingledale Centre Ltd. You consider that Ingledale Centre Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Ingledale Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  




Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
Date:
9 October 2023
Page 1

 
Ingledale Centre Ltd
Registered number: 05646936

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
386
636

  
386
636

Current assets
  

Debtors: amounts falling due within one year
 6 
27,694
16,245

Cash at bank and in hand
 7 
168,891
154,733

  
196,585
170,978

Creditors: amounts falling due within one year
 8 
(31,854)
(25,432)

Net current assets
  
 
 
164,731
 
 
145,546

Total assets less current liabilities
  
165,117
146,182

Provisions for liabilities
  

Deferred tax
 9 
(73)
(147)

  
 
 
(73)
 
 
(147)

Net assets
  
165,044
146,035


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
164,944
145,935

  
165,044
146,035


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 by: 

Mr B Alexander
Director

Date: 9 October 2023

The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
Ingledale Centre Ltd
Registered number: 05646936

Balance sheet (continued)
As at 31 March 2023


Page 3

 
Ingledale Centre Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.Accounting policies

 
1.1

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.

 
1.2

Turnover

Turnover represents room rental income and room hire fees due in the year.

 
1.3

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.

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.

The estimated useful lives range is as follows:

Motor vehicles
-
4
Years
Fixtures and fittings
-
6
Years
Office equipment
-
4
Years
Computer equipment
-
4
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.

 
1.4

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.

 
1.5

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.

 
1.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
Ingledale Centre Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.Accounting policies (continued)

 
1.7

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.

 
1.8

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 comprehensive income in the same period as the related expenditure.

 
1.9

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.

 
1.10

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 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.

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.

Page 5

 
Ingledale Centre Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.


General information

Ingledale Centre Limited is a private company, limited by shares and incorporated in England and Wales, registration number 05646936. The registered office address is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
The principal activity of the company in the year under review was hire of workspace to therapy practitioners.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 10).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
4,500
9,413


Total current tax
4,500
9,413

Deferred tax


Origination and reversal of timing differences
(74)
(805)

Total deferred tax
(74)
(805)


Taxation on profit on ordinary activities
4,426
8,608

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2022 - 19%).


Page 6

 
Ingledale Centre Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
16,495
8,550
368
1,001
26,414



At 31 March 2023

16,495
8,550
368
1,001
26,414



Depreciation


At 1 April 2022
16,495
8,550
368
365
25,778


Charge for the year on owned assets
-
-
-
250
250



At 31 March 2023

16,495
8,550
368
615
26,028



Net book value



At 31 March 2023
-
-
-
386
386



At 31 March 2022
-
-
-
636
636

Page 7

 
Ingledale Centre Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

6.


Debtors

2023
2022
£
£


Trade debtors
14,376
13,292

Other debtors
10,000
16

Prepayments and accrued income
3,318
2,937

27,694
16,245



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
168,891
154,733

168,891
154,733



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,639
3,214

Corporation tax
4,500
9,413

Other taxation and social security
509
546

Other creditors
855
618

Accruals and deferred income
24,351
11,641

31,854
25,432



9.


Deferred taxation




2023
2022


£

£






At beginning of year
(147)
(952)


Charged to profit or loss
74
805



At end of year
(73)
(147)

Page 8

 
Ingledale Centre Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(73)
(147)

(73)
(147)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Ingledale Centre Limited operates from freehold premises which are owned by one of the Directors.  The rental charge payable to the Director for the year ended 31 March 2023 was £25,000 (2022: £25,000). This particular Director was owed £855 (2022: £618) by the Company at the year end.
At the year end, a balance of £10,000 (2022: £Nil) was owed by the other Director to the Company.  This balance was cleared in September 2023.


Page 9