Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity54truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05674204 2022-04-01 2023-03-31 05674204 2021-04-01 2022-03-31 05674204 2023-03-31 05674204 2022-03-31 05674204 c:Director1 2022-04-01 2023-03-31 05674204 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 05674204 d:Buildings d:ShortLeaseholdAssets 2023-03-31 05674204 d:Buildings d:ShortLeaseholdAssets 2022-03-31 05674204 d:LandBuildings 2023-03-31 05674204 d:LandBuildings 2022-03-31 05674204 d:MotorVehicles 2022-04-01 2023-03-31 05674204 d:MotorVehicles 2023-03-31 05674204 d:MotorVehicles 2022-03-31 05674204 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05674204 d:FurnitureFittings 2022-04-01 2023-03-31 05674204 d:FurnitureFittings 2023-03-31 05674204 d:FurnitureFittings 2022-03-31 05674204 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05674204 d:ComputerEquipment 2022-04-01 2023-03-31 05674204 d:ComputerEquipment 2023-03-31 05674204 d:ComputerEquipment 2022-03-31 05674204 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05674204 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05674204 d:CurrentFinancialInstruments 2023-03-31 05674204 d:CurrentFinancialInstruments 2022-03-31 05674204 d:Non-currentFinancialInstruments 2023-03-31 05674204 d:Non-currentFinancialInstruments 2022-03-31 05674204 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05674204 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05674204 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05674204 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05674204 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05674204 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 05674204 d:ShareCapital 2023-03-31 05674204 d:ShareCapital 2022-03-31 05674204 d:RetainedEarningsAccumulatedLosses 2023-03-31 05674204 d:RetainedEarningsAccumulatedLosses 2022-03-31 05674204 c:FRS102 2022-04-01 2023-03-31 05674204 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05674204 c:FullAccounts 2022-04-01 2023-03-31 05674204 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05674204 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05674204









LANCASTER BROWN SURVEYS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
LANCASTER BROWN SURVEYS LIMITED
REGISTERED NUMBER: 05674204

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,326
36,139

  
28,326
36,139

Current assets
  

Debtors: amounts falling due within one year
 5 
65,934
108,362

Cash at bank and in hand
 6 
31,918
29,031

  
97,852
137,393

Creditors: amounts falling due within one year
 7 
(69,873)
(82,537)

Net current assets
  
 
 
27,979
 
 
54,856

Total assets less current liabilities
  
56,305
90,995

Creditors: amounts falling due after more than one year
 8 
(14,624)
(21,375)

  

Net assets
  
41,681
69,620


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
40,681
68,620

  
41,681
69,620

Page 1

 
LANCASTER BROWN SURVEYS LIMITED
REGISTERED NUMBER: 05674204
    
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 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: 




G R Silver
Director

Date: 24 October 2023

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

Page 2

 
LANCASTER BROWN SURVEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Lancaster Brown Surveys Limited is a private company limited by shares and incorporated in England and Wales.  The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

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.

 
2.3

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.

Page 3

 
LANCASTER BROWN SURVEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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 basis:

Short-term leasehold property
-
10% Straight Line
Motor vehicles
-
25% Straight Line
Fixtures and fittings
-
15% Reducing Balance
Computer equipment
-
25%Reducing Balance

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.

 
2.4

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.

 
2.5

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. 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.

 
2.6

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. 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

 
LANCASTER BROWN SURVEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Interest income

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

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

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

Page 5

 
LANCASTER BROWN SURVEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Land & buildings
Motor vehicles
Plant & machinery etc
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
54,448
71,510
87,547
5,451
218,956


Additions
-
-
-
350
350



At 31 March 2023

54,448
71,510
87,547
5,801
219,306



Depreciation


At 1 April 2022
47,948
71,510
59,205
4,154
182,817


Charge for the year on owned assets
3,500
-
4,252
411
8,163



At 31 March 2023

51,448
71,510
63,457
4,565
190,980



Net book value



At 31 March 2023
3,000
-
24,090
1,236
28,326



At 31 March 2022
6,500
-
28,342
1,297
36,139




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Short leasehold
3,000
6,500

3,000
6,500

Page 6

 
LANCASTER BROWN SURVEYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:





5.


Debtors

2023
2022
£
£

Due after more than one year



2023
2022
£
£

Trade debtors
13,484
23,133

Other debtors
10,751
49,975

Prepayments and accrued income
41,699
35,254

65,934
108,362



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
31,918
29,031

31,918
29,031


Page 7

 
LANCASTER BROWN SURVEYS 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
12,332
17,457

Corporation tax
8,371
-

Other taxation and social security
17,294
17,980

Obligations under finance lease and hire purchase contracts
25,519
39,285

Other creditors
1,383
260

Accruals and deferred income
4,974
7,555

69,873
82,537



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,624
21,375

14,624
21,375



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due 1-2 years

Bank loans
14,625
21,375



10.


Related party transactions

During the year, the company paid rent of  £24,000 (2022: £24,000) at arm's length to Silver Family Pension Scheme, in which both directors are also beneficiaries.

 
Page 8