Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-302021-12-01falsefalseNo description of principal activitytrue22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04768081 2021-12-01 2022-11-30 04768081 2020-12-01 2021-11-30 04768081 2022-11-30 04768081 2021-11-30 04768081 c:Director1 2021-12-01 2022-11-30 04768081 d:Buildings 2021-12-01 2022-11-30 04768081 d:Buildings 2022-11-30 04768081 d:Buildings 2021-11-30 04768081 d:CurrentFinancialInstruments 2022-11-30 04768081 d:CurrentFinancialInstruments 2021-11-30 04768081 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04768081 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 04768081 d:ShareCapital 2022-11-30 04768081 d:ShareCapital 2021-11-30 04768081 d:SharePremium 2022-11-30 04768081 d:SharePremium 2021-11-30 04768081 d:RetainedEarningsAccumulatedLosses 2022-11-30 04768081 d:RetainedEarningsAccumulatedLosses 2021-11-30 04768081 c:FRS102 2021-12-01 2022-11-30 04768081 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 04768081 c:FullAccounts 2021-12-01 2022-11-30 04768081 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 04768081










TILTON BROWNE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
TILTON BROWNE LIMITED
REGISTERED NUMBER: 04768081

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
As restated 2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
409,370
409,370

  
409,370
409,370

Current assets
  

Debtors: amounts falling due within one year
 5 
1,330
2,877

Cash at bank and in hand
  
-
101

  
1,330
2,978

Creditors: amounts falling due within one year
 6 
(853)
(405,788)

Net current assets/(liabilities)
  
 
 
477
 
 
(402,810)

Total assets less current liabilities
  
409,847
6,560

  

Net assets
  
409,847
6,560


Capital and reserves
  

Called up share capital 
  
635
430

Share premium account
  
403,082
-

Profit and loss account
  
6,130
6,130

  
409,847
6,560


Page 1

 
TILTON BROWNE LIMITED
REGISTERED NUMBER: 04768081
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

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 profit and loss account 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: 




................................................
J A Cooper
Director

Date: 7 November 2023

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

Page 2

 
TILTON BROWNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Tilton Browne Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04768081. The registered office is 161 Gloucester Crescent, Wigston, Leicester, LE18 4YH.
Principal activity
The principal activity of the Company throughout the year was that of a dormant company.

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 Company's functional and presentational currency is British Pound 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:

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

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.

Page 3

 
TILTON BROWNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings
-
not depreciated

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 4

 
TILTON BROWNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently 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, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 5

 
TILTON BROWNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Land and buildings

£



Cost or valuation


At 1 December 2021
439,457



At 30 November 2022

439,457



Depreciation


At 1 December 2021
30,087



At 30 November 2022

30,087



Net book value



At 30 November 2022
409,370



At 30 November 2021
409,370


5.


Debtors

2022
2021
£
£


Other debtors
1,330
2,877

1,330
2,877



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
-
403,288

Accruals and deferred income
853
2,500

853
405,788


Page 6

 
TILTON BROWNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Controlling party

The ultimate parent undertaking is Beechwood Trusteeship & Administration Limited. The registered office  and the principal place of business of Beechwood Trusteeship & Administration Limited is 6 Vantage Park, High View Close, Leicester, LE4 9LJ.


8.


Prior year adjustment

A prior year adjustment has been entered in the accounts in respect of the reclassification of the Plant and machinery and depreciation costs. Following a review by the Company, the costs were deemed to have been incorrectly classified. To correct this, a prior year adjustment was entered which resulted in an increase in Land and buildings of £169,347 and a decrease in Plant and machinery of the same amount. This adjustment has had £nil effect on the Profit and Loss Account and £nil effect on the Net Assets.






 
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