Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12829597 2022-04-01 2023-03-31 12829597 2021-04-01 2022-03-31 12829597 2023-03-31 12829597 2022-03-31 12829597 c:Director1 2022-04-01 2023-03-31 12829597 d:CurrentFinancialInstruments 2023-03-31 12829597 d:CurrentFinancialInstruments 2022-03-31 12829597 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12829597 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12829597 d:ShareCapital 2023-03-31 12829597 d:ShareCapital 2022-03-31 12829597 d:RetainedEarningsAccumulatedLosses 2023-03-31 12829597 d:RetainedEarningsAccumulatedLosses 2022-03-31 12829597 c:OrdinaryShareClass1 2022-04-01 2023-03-31 12829597 c:OrdinaryShareClass1 2023-03-31 12829597 c:OrdinaryShareClass1 2022-03-31 12829597 c:OrdinaryShareClass2 2022-04-01 2023-03-31 12829597 c:OrdinaryShareClass2 2023-03-31 12829597 c:OrdinaryShareClass2 2022-03-31 12829597 c:FRS102 2022-04-01 2023-03-31 12829597 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12829597 c:FullAccounts 2022-04-01 2023-03-31 12829597 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12829597










FARLEIGH (DORKING) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
FARLEIGH (DORKING) LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
FARLEIGH (DORKING) LIMITED
REGISTERED NUMBER: 12829597

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
-
4,675,010

Debtors: amounts falling due within one year
 4 
22,157
16,968

Cash at bank and in hand
  
182,330
71,359

  
204,487
4,763,337

Creditors: amounts falling due within one year
 5 
(47,147)
(5,218,964)

Net current assets/(liabilities)
  
 
 
157,340
 
 
(455,627)

Total assets less current liabilities
  
157,340
(455,627)

  

Net assets/(liabilities)
  
157,340
(455,627)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
157,240
(455,727)

  
157,340
(455,627)


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 30 October 2023.

O. Grove
Director

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

Page 1

 
FARLEIGH (DORKING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Farleigh (Dorking) Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is 17 Hockley Court, 2401 Stratford Road, Hockley Heath, West Midlands, B94 6NW.

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 functional and presentational currency of the company is Sterling (£).

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Borrowing costs

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

Page 2

 
FARLEIGH (DORKING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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

Stocks

Properties held for resale and options to acquire land are carried as stock and are stated at the lower of cost and net realisable value. Costs include directly attributable expenditure in relation to the acquisition and development of properties. Net realisable value is calculated as the estimated market value of the property less costs to be incurred making a sale.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

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

Page 3

 
FARLEIGH (DORKING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Amounts owed by related parties
-
1,602

Amounts owed by joint ventures
750
50

Other debtors
21,407
15,316

22,157
16,968



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
-
3,745,746

Payments received on account
-
16,500

Trade creditors
7,988
73,756

Amounts owed to joint ventures
-
735,005

Corporation tax
36,909
-

Amounts owed to related parties
-
597,188

Accruals and deferred income
2,250
50,769

47,147
5,218,964


The bank loan was secured on the property held by the company.


6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50

100

100


 
Page 4