Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-02-01falseNo description of principal activity2truetrue 12090552 2022-02-01 2023-01-31 12090552 2021-02-01 2022-01-31 12090552 2023-01-31 12090552 2022-01-31 12090552 c:Director1 2022-02-01 2023-01-31 12090552 d:CurrentFinancialInstruments 2023-01-31 12090552 d:CurrentFinancialInstruments 2022-01-31 12090552 d:Non-currentFinancialInstruments 2023-01-31 12090552 d:Non-currentFinancialInstruments 2022-01-31 12090552 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12090552 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 12090552 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12090552 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 12090552 d:ShareCapital 2023-01-31 12090552 d:ShareCapital 2022-01-31 12090552 d:RetainedEarningsAccumulatedLosses 2023-01-31 12090552 d:RetainedEarningsAccumulatedLosses 2022-01-31 12090552 c:OrdinaryShareClass1 2022-02-01 2023-01-31 12090552 c:OrdinaryShareClass1 2023-01-31 12090552 c:OrdinaryShareClass1 2022-01-31 12090552 c:FRS102 2022-02-01 2023-01-31 12090552 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12090552 c:FullAccounts 2022-02-01 2023-01-31 12090552 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12090552









EIGHT ESTATE MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
EIGHT ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER: 12090552

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
166
165

Cash at bank and in hand
  
4,184
4,105

  
4,350
4,270

Creditors: amounts falling due within one year
 5 
(48,509)
(25,329)

NET CURRENT LIABILITIES
  
 
 
(44,159)
 
 
(21,059)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(44,159)
(21,059)

Creditors: amounts falling due after more than one year
 6 
(24,167)
(34,167)

  

NET LIABILITIES
  
(68,326)
(55,226)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(68,327)
(55,227)

  
(68,326)
(55,226)


Page 1

 
EIGHT ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER: 12090552
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 profit and loss account 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: 




D Lodge
Director

Date: 17 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


GENERAL INFORMATION

Eight Estate Management Limited is a private company limited by shares and incorporated in England and
Wales. Its registered address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's principal trading address is 78 Wellbrook Way, Girton, Cambridge, CB3 0GP.
The Company's functional and presentational currency is GBP.

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

GOING CONCERN

The Company  had net liabilities of £68,326 (2022 - £55,226) as at 31 January 2023. The financial statements are prepared on the going concern basison the assumption that the Company will continue to receive financial support from connectedcompanies and its shareholders to provide sufficient funds to enable it to meet its liabilities as theyfall due.

 
2.3

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 Profit and Loss Account in the same period as the related expenditure.

 
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

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

 
2.7

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.


3.


EMPLOYEES

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

Page 4

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


DEBTORS

2023
2022
£
£


Other debtors
166
165



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
3,537
1,330

Amounts owed to group undertakings
28,972
7,999

Accruals and deferred income
6,000
6,000

48,509
25,329


Included in bank loans is a Government backed 'bounce back' loan of £10,000 (2022 - £10,000), which was drawn down in June 2020. The loan is 100% guaranteed by the Government and there were no fees or interest payable by the Company in the first 12 months. After this 12 month period, interest was charged at 2.5% per annum. The first instalment was paid in July 2021.


6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
24,167
34,167


Included in bank loans is a Government backed 'bounce back' loan of £24,167 (2022 - £34,167), which
was drawn down in June 2020. The loan is 100% guaranteed by the Government and there were no fees or interest payable by the Company in the first 12 months. After this 12 month period, interest was charged at 2.5% per annum. The first instalment was paid in July 2021.

Page 5

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 6