Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00764478 2022-04-01 2023-03-31 00764478 2021-04-01 2022-03-31 00764478 2023-03-31 00764478 2022-03-31 00764478 2021-04-01 00764478 c:Director2 2022-04-01 2023-03-31 00764478 d:MotorVehicles 2022-04-01 2023-03-31 00764478 d:MotorVehicles 2023-03-31 00764478 d:MotorVehicles 2022-03-31 00764478 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00764478 d:FurnitureFittings 2022-04-01 2023-03-31 00764478 d:FurnitureFittings 2023-03-31 00764478 d:FurnitureFittings 2022-03-31 00764478 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00764478 d:ComputerEquipment 2022-04-01 2023-03-31 00764478 d:ComputerEquipment 2023-03-31 00764478 d:ComputerEquipment 2022-03-31 00764478 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00764478 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00764478 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 00764478 d:FreeholdInvestmentProperty 2023-03-31 00764478 d:FreeholdInvestmentProperty 2022-03-31 00764478 d:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 00764478 d:CurrentFinancialInstruments 2023-03-31 00764478 d:CurrentFinancialInstruments 2022-03-31 00764478 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00764478 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00764478 d:ShareCapital 2023-03-31 00764478 d:ShareCapital 2022-03-31 00764478 d:InvestmentPropertiesRevaluationReserve 2023-03-31 00764478 d:InvestmentPropertiesRevaluationReserve 2022-03-31 00764478 d:RetainedEarningsAccumulatedLosses 2023-03-31 00764478 d:RetainedEarningsAccumulatedLosses 2022-03-31 00764478 c:FRS102 2022-04-01 2023-03-31 00764478 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00764478 c:FullAccounts 2022-04-01 2023-03-31 00764478 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00764478 2 2022-04-01 2023-03-31 00764478 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00764478 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 00764478 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 00764478 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 00764478










Mr Butcher The Baker Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
Mr Butcher The Baker Limited
Registered number: 00764478

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,012
13,832

Investment property
 5 
2,463,000
1,951,000

  
2,474,012
1,964,832

Current assets
  

Debtors: amounts falling due within one year
 6 
13,614
12,814

Current asset investments
 7 
1,711
1,711

Cash at bank and in hand
 8 
873,388
76,279

  
888,713
90,804

Creditors: amounts falling due within one year
 9 
(936,218)
(74,689)

Net current (liabilities)/assets
  
 
 
(47,505)
 
 
16,115

Total assets less current liabilities
  
2,426,507
1,980,947

Provisions for liabilities
  

Deferred tax
 10 
(332,539)
(171,514)

  
 
 
(332,539)
 
 
(171,514)

Net assets
  
2,093,968
1,809,433


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
1,331,616
1,062,245

Profit and loss account
  
762,252
747,088

  
2,093,968
1,809,433


Page 1

 
Mr Butcher The Baker Limited
Registered number: 00764478

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 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 S L Butcher
Director
Date: 11 October 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

1.


General information

Mr Butcher the Baker Limited is a private company, limited by shares and incorporated in England and Wales, registration number 00764478. The registered office address is 46 Deepdene Avenue, Dorking, Surrey, RH5 4AE.
The financial statements are presented in sterling and rounded to the nearest £1.

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

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 the following bases.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
20% straight line
Computer equipment
-
20% straight line

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and third party surveyors 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 profit or loss

Page 4

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
17,795
695
2,284
20,774


Additions
-
-
1,698
1,698


Disposals
-
-
(1,310)
(1,310)



At 31 March 2023

17,795
695
2,672
21,162



Depreciation


At 1 April 2022
5,004
695
1,243
6,942


Charge for the year on owned assets
3,198
-
796
3,994


Disposals
-
-
(786)
(786)



At 31 March 2023

8,202
695
1,253
10,150



Net book value



At 31 March 2023
9,593
-
1,419
11,012



At 31 March 2022
12,791
-
1,041
13,832

Page 6

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,951,000


Additions at cost
81,729


Surplus on revaluation
430,271



At 31 March 2023
2,463,000

The 2023 valuations were made by the Director and third party surveyors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
801,598
719,869

801,598
719,869

Page 7

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

6.


Debtors

2023
2022
£
£


Other debtors
13,614
12,814

13,614
12,814



7.


Current asset investments

2023
2022
£
£

Listed investments
1,711
1,711

1,711
1,711



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
873,388
76,279

873,388
76,279



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
4,025

Corporation tax
5,020
5,089

Other taxation and social security
-
401

Other creditors
928,318
61,631

Accruals and deferred income
2,880
3,543

936,218
74,689


Page 8

 
Mr Butcher The Baker Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(171,514)
(172,226)


Charged to profit or loss
(161,025)
712



At end of year
(332,539)
(171,514)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,753)
(2,628)

Potential Capital Gains Tax on Investment Property
(329,786)
(168,886)

(332,539)
(171,514)


11.


Related party transactions

The Director, Mrs B Butcher was owed £824,732 (2022 - £22,360) by the company at the year end.  Interest was paid on the loan totalling £7,820 (2022 - £Nil). During the year Mrs B Butcher introduced £794,552 of funds to the company (2022 - withdrew £16,030). 
The Director, Mr S Butcher was owed £81,778 (2022 - £17,463) by the company at the year end. The loan is interest free. During the year Mr S Butcher introduced £64,315 of funds to the company (2022 - £7,022).


Page 9