Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28truefalse2022-03-01falseNo description of principal activity00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11196758 2022-03-01 2023-02-28 11196758 2021-03-01 2022-02-28 11196758 2023-02-28 11196758 2022-02-28 11196758 c:Director1 2022-03-01 2023-02-28 11196758 d:CurrentFinancialInstruments 2023-02-28 11196758 d:CurrentFinancialInstruments 2022-02-28 11196758 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11196758 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11196758 d:ShareCapital 2023-02-28 11196758 d:ShareCapital 2022-02-28 11196758 d:RetainedEarningsAccumulatedLosses 2023-02-28 11196758 d:RetainedEarningsAccumulatedLosses 2022-02-28 11196758 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 11196758 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-02-28 11196758 c:FRS102 2022-03-01 2023-02-28 11196758 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11196758 c:FullAccounts 2022-03-01 2023-02-28 11196758 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11196758









SPRUCEDEAN HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
SPRUCEDEAN HOMES LIMITED
REGISTERED NUMBER: 11196758

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16
32

Cash at bank and in hand
 5 
467
1,494

  
483
1,526

Creditors: amounts falling due within one year
 6 
(3,099)
(3,024)

Net current liabilities
  
 
 
(2,616)
 
 
(1,498)

Total assets less current liabilities
  
(2,616)
(1,498)

  

Net liabilities
  
(2,616)
(1,498)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(2,618)
(1,500)

  
(2,616)
(1,498)


Page 1

 
SPRUCEDEAN HOMES LIMITED
REGISTERED NUMBER: 11196758
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 8 November 2023.




................................................
Peter Turner
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SPRUCEDEAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Sprucedean Homes Limited is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company was that of property consultancy.

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

Going concern

The accounts are prepared on a going concern basis, with the support of the directors pledged for the foreseeable future.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 3

 
SPRUCEDEAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Debtors

2023
2022
£
£


Other debtors
16
32

16
32



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
467
1,494

467
1,494


Page 4

 
SPRUCEDEAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to associated undertakings
2,499
2,499

Accruals and deferred income
600
525

3,099
3,024



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
467
1,494




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Related party transactions

A balance of £2,499, (2022 - £2,499) is due to Land Use Strategy Ltd, a company in which Peter Turner is a director and shareholder.


9.


Controlling party

The Company is controlled by the directors, Susan Price and Peter Turner, by virtue of their shareholding as described in the directors' report. 

 
Page 5