Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312022-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00509087 2022-04-01 2023-03-31 00509087 2021-04-01 2022-03-31 00509087 2023-03-31 00509087 2022-03-31 00509087 2021-04-01 00509087 1 2022-04-01 2023-03-31 00509087 d:Director2 2022-04-01 2023-03-31 00509087 d:Director3 2022-04-01 2023-03-31 00509087 d:RegisteredOffice 2022-04-01 2023-03-31 00509087 c:FreeholdInvestmentProperty 2023-03-31 00509087 c:FreeholdInvestmentProperty 2022-03-31 00509087 c:CurrentFinancialInstruments 2023-03-31 00509087 c:CurrentFinancialInstruments 2022-03-31 00509087 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 00509087 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 00509087 c:ShareCapital 2022-04-01 2023-03-31 00509087 c:ShareCapital 2023-03-31 00509087 c:ShareCapital 2021-04-01 2022-03-31 00509087 c:ShareCapital 2022-03-31 00509087 c:ShareCapital 2021-04-01 00509087 c:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00509087 c:RetainedEarningsAccumulatedLosses 2023-03-31 00509087 c:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 00509087 c:RetainedEarningsAccumulatedLosses 2022-03-31 00509087 c:RetainedEarningsAccumulatedLosses 2021-04-01 00509087 d:FRS102 2022-04-01 2023-03-31 00509087 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00509087 d:FullAccounts 2022-04-01 2023-03-31 00509087 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 00509087










SHAW-WHITE ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




















 
SHAW-WHITE ESTATES LIMITED
 
 
Company Information


Directors
M G Raymond 
A C K Thomson 




Registered number
00509087



Registered office
Forest Edge
Hangersley Hill

Hangersley

Ringwood

BH24 3JS





 
SHAW-WHITE ESTATES LIMITED
Registered number: 00509087

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
2,000,000
2,000,000

  
2,000,000
2,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
10,585
19,431

Cash at bank
  
2,378
28,086

  
12,963
47,517

Creditors: amounts falling due within one year
 6 
(52,154)
(56,197)

Net current liabilities
  
 
 
(39,191)
 
 
(8,680)

  

Net assets
  
1,960,809
1,991,320


Capital and reserves
  

Called up share capital 
  
600
600

Profit and loss account
 7 
1,960,209
1,990,720

  
1,960,809
1,991,320


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 on 17 October 2023.



M G Raymond
Director

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

Page 1

 
SHAW-WHITE ESTATES LIMITED
 

Statement of changes in equity
For the year ended 31 March 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2021
600
2,090,720
2,091,320


Comprehensive income for the year

Loss for the year
-
(66,364)
(66,364)
Total comprehensive income for the year
-
(66,364)
(66,364)

Covenant to parent undertaking
-
(33,636)
(33,636)


Total transactions with owners
-
(33,636)
(33,636)



At 1 April 2022
600
1,990,720
1,991,320


Comprehensive income for the year

Loss for the year
-
(30,511)
(30,511)
Total comprehensive income for the year
-
(30,511)
(30,511)


At 31 March 2023
600
1,960,209
1,960,809


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

Page 2

 
SHAW-WHITE ESTATES LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

Shaw-White Estates Limited is a private limited company incorporated in the United Kingdom, registered in England and Wales. The Company's registered office is Forest Edge, Hangersley Hill, Hangersley, Ringwood, England, BH24 3JS.
The principal activity of the Company during the year was that of property investment. The Company is a wholly owned subsidiary of a registered UK charity, The Roger Raymond Charitable Trust.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

The turnover shown in the Profit and loss account represents rental and service charge income. 
Rental income represents the amount receivable from the tenants of the investment properties during the period. Rental income received in advance is carried forward as deferred income.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

Page 3

 
SHAW-WHITE ESTATES LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Covenant to parent undertaking

Distributable profits are paid to the company’s parent charity, The Roger Raymond Charitable Trust, by way of a donation under Gift Aid. Payments are recognised as a distribution within equity when they become legally payable and in accordance with the Deed of Covenant.

 
2.9

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.


3.


Employees

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

Page 4

 
SHAW-WHITE ESTATES LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
2,000,000



At 31 March 2023
2,000,000

The 2023 valuations were made by the directors, on an open market value for existing use basis. The historic cost of the property is £9,282 (2022: £9,282).






5.


Debtors

2023
2022
£
£


Other debtors
9,458
18,056

Prepayments and accrued income
1,127
1,375

10,585
19,431



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
44,729
38,636

Accruals and deferred income
7,425
17,561

52,154
56,197



7.


Reserves

Profit & loss account

Included in the profit and loss account are non-distributable reserves of £1,960,209 (2022: £1,990,720).

Page 5

 
SHAW-WHITE ESTATES LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2023

8.


Post balance sheet events

Following the year end, the Company accepted an offer to sell the property included in note 4. The financial impact, of any sale, has already been recognised through the revaluation of investment property.

 
Page 6