Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity54falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04285074 2022-04-01 2023-03-31 04285074 2021-04-01 2022-03-31 04285074 2023-03-31 04285074 2022-03-31 04285074 c:Director1 2022-04-01 2023-03-31 04285074 c:Director3 2022-04-01 2023-03-31 04285074 d:CurrentFinancialInstruments 2023-03-31 04285074 d:CurrentFinancialInstruments 2022-03-31 04285074 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04285074 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04285074 d:ShareCapital 2023-03-31 04285074 d:ShareCapital 2022-03-31 04285074 d:RetainedEarningsAccumulatedLosses 2023-03-31 04285074 d:RetainedEarningsAccumulatedLosses 2022-03-31 04285074 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04285074 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04285074 c:FRS102 2022-04-01 2023-03-31 04285074 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04285074 c:FullAccounts 2022-04-01 2023-03-31 04285074 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04285074 6 2022-04-01 2023-03-31 04285074 e:UnitedKingdom 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04285074










EYNSHAM GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023



 
EYNSHAM GROUP LIMITED
REGISTERED NUMBER: 04285074

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
                                                                  Note
£
£

Fixed assets
  

Investments
 4 
4,453,269
4,453,269

Current assets
  

Debtors: amounts falling due within one year
 5 
2,140,464
2,140,566

Cash at bank and in hand
 6 
10,058
32,636

  
2,150,522
2,173,202

Creditors: amounts falling due within one year
 7 
(5,788,421)
(5,691,194)

Net current liabilities
  
 
 
(3,637,899)
 
 
(3,517,992)

Total assets less current liabilities
  
815,370
935,277

  

Net assets
  
815,370
935,277


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
715,370
835,277

  
815,370
935,277


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.
 
Page 1

 
EYNSHAM GROUP LIMITED
REGISTERED NUMBER: 04285074

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



G P McCartan
B Matthews
Director
Director


Date: 1 November 2023
Date:1 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EYNSHAM GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Eynsham Group Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales with a company number of 04285074. The registered office is 3 Horace House, Oakfield Industrial Estate, Stanton Harcourt Road, Eynsham, Witney, Oxfordshire, OX29 4TX.

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 financial statements are rounded to the nearest pound Sterling, the functional and presentational currency of the Company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the Company will have sufficient funds to continue to pay its debts as and when they fall due and thus continue to trade. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future based on its forecasts and projections. In making their assessment, the Directors have considered a period of at least 12 months from the date of signing these financial statements.

  
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

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. Revenue represents management charges receivable.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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 Statement of Comprehensive Income in the same period as the related expenditure.

Page 3

 
EYNSHAM GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
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.

 
2.10

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.

 
2.11

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 at an annual general meeting.

  
2.12

Pensions

Defined contribuion pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
EYNSHAM GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).

Page 5

 
EYNSHAM GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
4,453,269



At 31 March 2023
4,453,269





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,140,000
2,140,000

Deferred taxation
464
566

2,140,464
2,140,566


Amounts owed by group undertakings are unsecured, non-interesting bearing and repayable on demand.


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,058
32,637



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
5,705,712
5,586,395

Corporation tax
10,222
24,902

Other taxation and social security
2,693
1,963

Accruals and deferred income
69,794
77,934

5,788,421
5,691,194


Bank loans were secured by a fixed and floating charge over the assets of the Company.
Amounts owed to group undertakings are unsecured, non-interesting bearing and repayable on demand.

Page 6

 
EYNSHAM GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Deferred taxation




2023


£






At beginning of year
566


Charged to profit or loss
(102)



At end of year
464

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
464
566

464
566


9.


Pension commitments

During the year, pensions paid in respect of Directors amounted to £118,411 (2022: £85,361). There were no contributions outstanding at the year end (2022: £nil).


10.


Related party transactions

The Company has taken advantage of the exemption under FRS 102 Section 33.1A not to disclose transactions and balances with 100% owned group companies.


11.


Controlling party

The Company's ultimate parent company is Eynsham Fenestration Holdings Limited, a company registered in England and Wales. There is no controlling party for Eynsham Fenestration Holdings Limited.


Page 7