Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31false2022-06-01No description of principal activity1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08315202 2022-06-01 2023-05-31 08315202 2021-06-01 2022-05-31 08315202 2023-05-31 08315202 2022-05-31 08315202 c:Director1 2022-06-01 2023-05-31 08315202 d:MotorVehicles 2022-06-01 2023-05-31 08315202 d:MotorVehicles 2023-05-31 08315202 d:MotorVehicles 2022-05-31 08315202 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08315202 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 08315202 d:FurnitureFittings 2022-06-01 2023-05-31 08315202 d:FurnitureFittings 2023-05-31 08315202 d:FurnitureFittings 2022-05-31 08315202 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08315202 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 08315202 d:ComputerEquipment 2022-06-01 2023-05-31 08315202 d:ComputerEquipment 2023-05-31 08315202 d:ComputerEquipment 2022-05-31 08315202 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08315202 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 08315202 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08315202 d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 08315202 d:Goodwill 2022-06-01 2023-05-31 08315202 d:Goodwill 2023-05-31 08315202 d:Goodwill 2022-05-31 08315202 d:CurrentFinancialInstruments 2023-05-31 08315202 d:CurrentFinancialInstruments 2022-05-31 08315202 d:Non-currentFinancialInstruments 2023-05-31 08315202 d:Non-currentFinancialInstruments 2022-05-31 08315202 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08315202 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08315202 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08315202 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 08315202 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 08315202 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 08315202 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 08315202 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 08315202 d:ShareCapital 2023-05-31 08315202 d:ShareCapital 2022-05-31 08315202 d:RetainedEarningsAccumulatedLosses 2023-05-31 08315202 d:RetainedEarningsAccumulatedLosses 2022-05-31 08315202 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 08315202 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 08315202 c:FRS102 2022-06-01 2023-05-31 08315202 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08315202 c:FullAccounts 2022-06-01 2023-05-31 08315202 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08315202 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 08315202 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 08315202 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 08315202 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-05-31 08315202 d:LeasedAssetsHeldAsLessee 2023-05-31 08315202 d:LeasedAssetsHeldAsLessee 2022-05-31 08315202 d:Goodwill d:OwnedIntangibleAssets 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 08315202









FORTHELANDLORDS.COM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
FORTHELANDLORDS.COM LTD
REGISTERED NUMBER: 08315202

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
185,836
195,836

Tangible assets
 5 
85,102
16,580

  
270,938
212,416

Current assets
  

Debtors
 6 
109,565
22,696

Cash at bank and in hand
 7 
9,013
7,148

  
118,578
29,844

Creditors: amounts falling due within one year
 8 
(113,124)
(204,301)

Net current assets/(liabilities)
  
 
 
5,454
 
 
(174,457)

Total assets less current liabilities
  
276,392
37,959

Creditors: amounts falling due after more than one year
 9 
(70,667)
(32,760)

Provisions for liabilities
  

Deferred tax
 12 
(21,276)
(3,150)

  
 
 
(21,276)
 
 
(3,150)

Net assets
  
184,449
2,049


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
184,349
1,949

  
184,449
2,049


Page 1

 
FORTHELANDLORDS.COM LTD
REGISTERED NUMBER: 08315202
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 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 2 October 2023.




................................................
J. Fossey Taylor
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The legal form of the entity is a company limited by shares, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, HA1 2BY.

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.

Page 3

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

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.

 
2.5

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.

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

Page 4

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.8

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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
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 reporting date.

 
2.9

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 comprehensive income 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.

Page 5

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

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:

Motor vehicles
-
25%
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.

 
2.11

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.

Page 6

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
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 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.

 
2.15

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

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 comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial 
Page 7

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)

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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.16

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 11 (2022 - 11).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
200,000



At 31 May 2023

200,000



Amortisation


At 1 June 2022
4,164


Charge for the year on owned assets
10,000



At 31 May 2023

14,164



Net book value



At 31 May 2023
185,836



At 31 May 2022
195,836


Page 8

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
 
           4.Intangible assets (continued)



5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2022
-
28,029
15,440
43,469


Additions
88,275
2,611
3,360
94,246


Disposals
-
-
(459)
(459)



At 31 May 2023

88,275
30,640
18,341
137,256



Depreciation


At 1 June 2022
-
22,482
4,407
26,889


Charge for the year on owned assets
-
1,515
3,073
4,588


Charge for the year on financed assets
20,799
-
-
20,799


Disposals
-
-
(122)
(122)



At 31 May 2023

20,799
23,997
7,358
52,154



Net book value



At 31 May 2023
67,476
6,643
10,983
85,102



At 31 May 2022
-
5,547
11,033
16,580

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
67,476
-

67,476
-


6.


Debtors

2023
2022
£
£
Page 9

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.Debtors (continued)




Trade debtors
6,930
-

Amounts owed by group undertakings
100,000
-

Other debtors
2,279
6,859

Prepayments and accrued income
356
15,837

109,565
22,696



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,013
7,148

Less: bank overdrafts
(7,967)
-

1,046
7,148



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
7,967
-

Bank loans
10,000
10,000

Trade creditors
26,343
24,015

Amounts owed to group undertakings
-
127,328

Other taxation and social security
29,063
28,411

Obligations under finance lease and hire purchase contracts
13,040
-

Other creditors
18,545
5,657

Accruals and deferred income
8,166
8,890

113,124
204,301


Page 10

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,546
32,760

Net obligations under finance leases and hire purchase contracts
39,121
-

70,667
32,760



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
21,546
22,760


21,546
22,760


41,546
42,760



11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
9,013
7,148



Page 11

 
FORTHELANDLORDS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

12.


Deferred taxation




2023


£






At beginning of year
(3,150)


Charged to profit or loss
(18,126)



At end of year
(21,276)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(21,276)
(3,150)

(21,276)
(3,150)


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £4,255 (2022 - £3,798) . Contributions totalling £770 (2022 - £642) were payable to the fund at the reporting date and are included in creditors.

 
Page 12