Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31522646475204No description of principal activity2022-04-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12429530 2022-04-01 2023-03-31 12429530 2021-04-01 2022-03-31 12429530 2023-03-31 12429530 2022-03-31 12429530 2 2022-04-01 2023-03-31 12429530 d:Director2 2022-04-01 2023-03-31 12429530 e:FreeholdInvestmentProperty 2022-04-01 2023-03-31 12429530 e:FreeholdInvestmentProperty 2023-03-31 12429530 e:FreeholdInvestmentProperty 2022-03-31 12429530 e:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 12429530 e:CurrentFinancialInstruments 2023-03-31 12429530 e:CurrentFinancialInstruments 2022-03-31 12429530 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 12429530 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 12429530 e:ShareCapital 2023-03-31 12429530 e:ShareCapital 2022-03-31 12429530 e:InvestmentPropertiesRevaluationReserve 2023-03-31 12429530 e:InvestmentPropertiesRevaluationReserve 2022-03-31 12429530 e:RetainedEarningsAccumulatedLosses 2023-03-31 12429530 e:RetainedEarningsAccumulatedLosses 2022-03-31 12429530 e:TaxLossesCarry-forwardsDeferredTax 2023-03-31 12429530 e:TaxLossesCarry-forwardsDeferredTax 2022-03-31 12429530 e:OtherDeferredTax 2023-03-31 12429530 e:OtherDeferredTax 2022-03-31 12429530 d:FRS102 2022-04-01 2023-03-31 12429530 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12429530 d:FullAccounts 2022-04-01 2023-03-31 12429530 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12429530 e:Right-of-useInvestmentProperty 2022-04-01 2023-03-31 12429530 e:Right-of-useInvestmentProperty 2023-03-31 12429530 e:Right-of-useInvestmentProperty 2022-03-31 12429530 e:Right-of-useInvestmentProperty 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12429530










IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
REGISTERED NUMBER: 12429530

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
261,323
237,602

  
261,323
237,602

Current assets
  

Debtors: amounts falling due within one year
 5 
19,782
331,399

Cash at bank and in hand
 6 
515,167
243,469

  
534,949
574,868

Creditors: amounts falling due within one year
 7 
(117,880)
(71,543)

Net current assets
  
 
 
417,069
 
 
503,325

Total assets less current liabilities
  
678,392
740,927

Provisions for liabilities
  

Deferred tax
 8 
(7,107)
(1,044)

  
 
 
(7,107)
 
 
(1,044)

Net assets
  
671,285
739,883


Capital and reserves
  

Called up share capital 
  
120
120

Investment property reserve
  
34,000
18,000

Profit and loss account
  
637,165
721,763

  
671,285
739,883


Page 1

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
REGISTERED NUMBER: 12429530
    
STATEMENT OF FINANCIAL POSITION (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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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 25 October 2023.




................................................
M N Jones
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ideal Scaffolding (East Anglia) Holdings Limited is a private company limited by shares and incorporated in England and Wales with registration number 12429530. The registered office is 1st floor, Prospect House, Rouen Road, Norwich, Norfolk, NR1 1RE. 

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 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

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.

Page 3

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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 reporting 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 reporting 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 reporting date.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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 reporting 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 Statement of Financial Position.

 
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. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable. 


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
2
2

Page 5

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Investment property
Property under construc-tion
Total

£
£
£



Valuation


At 1 April 2022
231,538
6,064
237,602


Additions at cost
-
7,721
7,721


Surplus on revaluation
16,000
-
16,000



At 31 March 2023
247,538
13,785
261,323

The 2023 valuations were made by the Directors, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Trade debtors
815
-

Amounts owed by group undertakings
-
331,036

Other debtors
18,467
363

Prepayments and accrued income
500
-

19,782
331,399



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
515,167
243,469

515,167
243,469


Page 6

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
646
2,661

Amounts owed to group undertakings
79,136
-

Other creditors
35,588
66,512

Accruals
2,510
2,370

117,880
71,543


Page 7

 
IDEAL SCAFFOLDING (EAST ANGLIA) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Deferred taxation




2023


£






At beginning of year
(1,044)


Charged to profit or loss
(6,063)



At end of year
(7,107)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Tax losses carried forward
4,839
3,456

Unrealised gains on investment property revaluation
(11,946)
(4,500)

(7,107)
(1,044)


9.


Related party transactions

At the year end the Directors were owed £35,588 from the company (2022: £66,512), and the company owed £79,136 to the subsidiary (2022: £331,036 owed from the subsidiary). The loan to the company is unsecured, and is interest free.

 
Page 8