Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03982516 2022-04-01 2023-03-31 03982516 2021-04-01 2022-03-31 03982516 2023-03-31 03982516 2022-03-31 03982516 c:Director3 2022-04-01 2023-03-31 03982516 d:LeaseholdInvestmentProperty 2023-03-31 03982516 d:LeaseholdInvestmentProperty 2022-03-31 03982516 d:CurrentFinancialInstruments 2023-03-31 03982516 d:CurrentFinancialInstruments 2022-03-31 03982516 d:Non-currentFinancialInstruments 2023-03-31 03982516 d:Non-currentFinancialInstruments 2022-03-31 03982516 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03982516 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03982516 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03982516 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03982516 d:ShareCapital 2023-03-31 03982516 d:ShareCapital 2022-03-31 03982516 d:RetainedEarningsAccumulatedLosses 2023-03-31 03982516 d:RetainedEarningsAccumulatedLosses 2022-03-31 03982516 c:FRS102 2022-04-01 2023-03-31 03982516 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03982516 c:FullAccounts 2022-04-01 2023-03-31 03982516 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03982516 d:EntityControlledByKeyManagementPersonnel3 2022-04-01 2023-03-31 03982516 d:EntityControlledByKeyManagementPersonnel3 2023-03-31 03982516 d:EntityControlledByKeyManagementPersonnel3 2022-03-31 03982516 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-04-01 2023-03-31 03982516 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 03982516 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 03982516 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 03982516


LILFORD ASSOCIATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
LILFORD ASSOCIATES LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
LILFORD ASSOCIATES LIMITED
REGISTERED NUMBER: 03982516

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,414,938
1,414,938

Current assets
  

Debtors: amounts falling due within one year
 5 
8,298
3,608

Cash at bank and in hand
 6 
107,854
46,278

  
116,152
49,886

Creditors: amounts falling due within one year
 7 
(99,535)
(54,538)

Net current assets/(liabilities)
  
 
 
16,617
 
 
(4,652)

Total assets less current liabilities
  
1,431,555
1,410,286

Creditors: amounts falling due after more than one year
 8 
(259,682)
(346,682)

  

Net assets
  
1,171,873
1,063,604


Capital and reserves
  

Called up share capital 
  
1,200
1,200

Profit and loss account
  
1,170,673
1,062,404

  
1,171,873
1,063,604


Page 1

 
LILFORD ASSOCIATES LIMITED
REGISTERED NUMBER: 03982516
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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: 






................................................
J W Bennett
Director

Date: 11 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LILFORD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Lilford Associates Limited is a Company limited by shares, domiciled in England and Wales, registered office number 03982516. The registered office is Century House, The Lakes, Northampton, NN4 7HD.

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

Interest income

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

 
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.

Page 3

 
LILFORD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Taxation

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.

  
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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 the Statement of Income and Retained Earnings.

 
2.7

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.

 
2.8

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.

Page 4

 
LILFORD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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 year was 3 (2022 - 3).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
1,414,938



At 31 March 2023
1,414,938

The  valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2023


2023
2022
£
£


Historic cost
1,664,340
1,664,340

Page 5

 
LILFORD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
8,298
3,608



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
107,854
46,278



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
235
235

Corporation tax
25,034
21,297

Other taxation and social security
5,979
9,649

Other creditors
68,287
23,357

99,535
54,538



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
259,682
346,682


Page 6

 
LILFORD ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Related party transactions

At 31 March 2023 £30,001 (2022: £30,001) was due to Mrs Adnitt and £29,999 (2022: £29,999) was due to Mr and Mrs J Bennett in respect of their current accounts and have no fixed repayment date.

At 31 March 2023 £99,841 (2022: £143,341) was due to Mrs Adnitt in respect of her loan to the company. These loans are interest free and have no fixed repayment date. 

At 31 March 2023 £99,841, (2022: £143,341) was due to Mrs Bennett in respect of her loan to the company. These loans are interest free and have no fixed repayment date.

Page 7