Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3152022-04-01falsep5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00264910 2022-04-01 2023-03-31 00264910 2021-04-01 2022-03-31 00264910 2023-03-31 00264910 2022-03-31 00264910 2021-04-01 00264910 c:Director1 2022-04-01 2023-03-31 00264910 d:MotorVehicles 2022-04-01 2023-03-31 00264910 d:MotorVehicles 2023-03-31 00264910 d:MotorVehicles 2022-03-31 00264910 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00264910 d:FurnitureFittings 2022-04-01 2023-03-31 00264910 d:FurnitureFittings 2023-03-31 00264910 d:FurnitureFittings 2022-03-31 00264910 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00264910 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00264910 d:FreeholdInvestmentProperty 2023-03-31 00264910 d:FreeholdInvestmentProperty 2022-03-31 00264910 d:CurrentFinancialInstruments 2023-03-31 00264910 d:CurrentFinancialInstruments 2022-03-31 00264910 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00264910 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00264910 d:ShareCapital 2023-03-31 00264910 d:ShareCapital 2022-03-31 00264910 d:SharePremium 2023-03-31 00264910 d:SharePremium 2022-03-31 00264910 d:CapitalRedemptionReserve 2023-03-31 00264910 d:CapitalRedemptionReserve 2022-03-31 00264910 d:RetainedEarningsAccumulatedLosses 2023-03-31 00264910 d:RetainedEarningsAccumulatedLosses 2022-03-31 00264910 c:FRS102 2022-04-01 2023-03-31 00264910 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00264910 c:FullAccounts 2022-04-01 2023-03-31 00264910 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00264910 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00264910 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 00264910










EDWIN PEAT AND SONS, LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
EDWIN PEAT AND SONS, LIMITED
REGISTERED NUMBER: 00264910

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,841
8,481

Investment property
 5 
1,175,807
1,175,807

  
1,185,648
1,184,288

Current assets
  

Debtors: amounts falling due within one year
 6 
4,010
2,123

Cash at bank and in hand
  
361,052
591,319

  
365,062
593,442

Creditors: amounts falling due within one year
 7 
(74,964)
(172,084)

Net current assets
  
 
 
290,098
 
 
421,358

Provisions for liabilities
  

Deferred tax
 8 
(1,385)
(1,020)

Net assets
  
1,474,361
1,604,626


Capital and reserves
  

Called up share capital 
  
9,090
9,090

Share premium account
  
40,910
40,910

Capital redemption reserve
  
5,000
5,000

Profit and loss account
  
1,419,361
1,549,626

  
1,474,361
1,604,626


Page 1

 
EDWIN PEAT AND SONS, LIMITED
REGISTERED NUMBER: 00264910
    
BALANCE SHEET (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 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 income and retained earnings 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 27 October 2023.





E W Peat
Director

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

Page 2

 
EDWIN PEAT AND SONS, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Edwin Peat & Sons Limited is a private Company limited by shares, incorporated in England and Wales (registered number 00264910). Its registered office is Nethermoor Farm Office, Nethermoor Farm, Wingerworth, Chesterfield, S42 6LH. The principal activities of the Company throughout the year continued to be that of property rental and farming.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Current and deferred taxation

Tax is recognised in the Statement of Income and retained earnings.
The current 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.

Page 3

 
EDWIN PEAT AND SONS, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following bases:

Motor vehicles
-
25%
Straight line basis
Fixtures and fittings
-
15%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

IInvestment property is carried at fair value determined annually by the directors 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 the Statement of Income and Retained Earnings.

Page 4

 
EDWIN PEAT AND SONS, 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 instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other debtors receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently measured 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, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and susequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

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

Page 5

 
EDWIN PEAT AND SONS, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2022
4,000
117,672
121,672


Additions
-
3,052
3,052



At 31 March 2023

4,000
120,724
124,724



Depreciation


At 1 April 2022
4,000
109,191
113,191


Charge for the year on owned assets
-
1,692
1,692



At 31 March 2023

4,000
110,883
114,883



Net book value



At 31 March 2023
-
9,841
9,841



At 31 March 2022
-
8,481
8,481


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,175,807



At 31 March 2023
1,175,807

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




 




Page 6

 
EDWIN PEAT AND SONS, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
4,010
2,123



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,184
-

Corporation tax
8,372
78,426

Other taxation and social security
1,886
1,631

Other creditors
63,522
92,027

74,964
172,084



8.


Deferred taxation




2023
2022


£

£






At beginning of year
1,020
-


Charged to profit or loss
365
1,020



At end of year
1,385
1,020

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
1,385
1,020

1,385
1,020

 
Page 7