Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01false1No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09290921 2021-11-01 2022-10-31 09290921 2020-11-01 2021-10-31 09290921 2022-10-31 09290921 2021-10-31 09290921 c:Director1 2021-11-01 2022-10-31 09290921 d:CurrentFinancialInstruments 2022-10-31 09290921 d:CurrentFinancialInstruments 2021-10-31 09290921 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09290921 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09290921 d:ShareCapital 2022-10-31 09290921 d:ShareCapital 2021-10-31 09290921 d:SharePremium 2022-10-31 09290921 d:SharePremium 2021-10-31 09290921 d:RetainedEarningsAccumulatedLosses 2022-10-31 09290921 d:RetainedEarningsAccumulatedLosses 2021-10-31 09290921 c:OrdinaryShareClass1 2021-11-01 2022-10-31 09290921 c:OrdinaryShareClass1 2022-10-31 09290921 c:OrdinaryShareClass1 2021-10-31 09290921 c:OrdinaryShareClass2 2021-11-01 2022-10-31 09290921 c:OrdinaryShareClass2 2022-10-31 09290921 c:OrdinaryShareClass2 2021-10-31 09290921 c:OrdinaryShareClass3 2021-11-01 2022-10-31 09290921 c:OrdinaryShareClass3 2022-10-31 09290921 c:OrdinaryShareClass3 2021-10-31 09290921 c:FRS102 2021-11-01 2022-10-31 09290921 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 09290921 c:FullAccounts 2021-11-01 2022-10-31 09290921 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 09290921 2 2021-11-01 2022-10-31 09290921 6 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09290921









SAFFRON BESPOKE HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

 
SAFFRON BESPOKE HOMES LIMITED
REGISTERED NUMBER:09290921

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
2,301,026
2,301,026

Current assets
  

Debtors: amounts falling due within one year
 5 
10,827,611
10,767,653

Cash at bank and in hand
  
858,109
1,240,637

  
11,685,720
12,008,290

Creditors: amounts falling due within one year
 6 
(6,544,274)
(7,240,013)

Net current assets
  
 
 
5,141,446
 
 
4,768,277

Net assets
  
7,442,472
7,069,303


Capital and reserves
  

Called up share capital 
 7 
3
3

Share premium account
  
2,301,016
2,301,016

Profit and loss account
  
5,141,453
4,768,284

  
7,442,472
7,069,303


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 by: 

Mr S Mattison
Director

Date: 24 October 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SAFFRON BESPOKE HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Saffron Bespoke Homes Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 2

 
SAFFRON BESPOKE HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2021
2,301,026



At 31 October 2022
2,301,026




Page 3

 
SAFFRON BESPOKE HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Debtors: Amounts falling due within one year

2022
2021
£
£


Other debtors
10,827,611
10,767,653



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
6,530,574
7,238,013

Accruals and deferred income
13,700
2,000

6,544,274
7,240,013



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary 'A' share of £1
1
1
1 (2021 - 1) Ordinary 'B' share of £1
1
1
1 (2021 - 1) Ordinary 'C' share of £1
1
1

3

3



8.


Prior year adjustment

During the year a prior period adjustment was identified in respect of the recognition of interest receivable on loans included within other debtors and in respect of the exchange rates used to value these loans.
Interest receivable previously recoded has been reversed, resulting in a decrease in reserves as at 1 November 2020 of £526,021. Further adjustments have been made to recognise interest receiveable and foreign exchange movements in the year ended 31 October 2021, resulting in an increase in reserves at 1 November 2021 of £375,785. The net impact of all prior year adjustments being a decrease in reserves as at 1 November 2021 of £150,236.


9.


Related party transactions

Included within other creditors are amounts due to the director of £4,073,176 (2021 - £4,866,615)

 
Page 4