Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-04-01falseNo description of principal activity44true 01324683 2022-04-01 2023-03-31 01324683 2021-04-01 2022-03-31 01324683 2023-03-31 01324683 2022-03-31 01324683 c:Director1 2022-04-01 2023-03-31 01324683 d:PlantMachinery 2022-04-01 2023-03-31 01324683 d:PlantMachinery 2023-03-31 01324683 d:PlantMachinery 2022-03-31 01324683 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01324683 d:FurnitureFittings 2022-04-01 2023-03-31 01324683 d:FurnitureFittings 2023-03-31 01324683 d:FurnitureFittings 2022-03-31 01324683 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01324683 d:ComputerEquipment 2022-04-01 2023-03-31 01324683 d:ComputerEquipment 2023-03-31 01324683 d:ComputerEquipment 2022-03-31 01324683 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01324683 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01324683 d:FreeholdInvestmentProperty 2023-03-31 01324683 d:FreeholdInvestmentProperty 2022-03-31 01324683 d:CurrentFinancialInstruments 2023-03-31 01324683 d:CurrentFinancialInstruments 2022-03-31 01324683 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01324683 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01324683 d:ShareCapital 2023-03-31 01324683 d:ShareCapital 2022-03-31 01324683 d:RetainedEarningsAccumulatedLosses 2023-03-31 01324683 d:RetainedEarningsAccumulatedLosses 2022-03-31 01324683 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01324683 c:OrdinaryShareClass1 2023-03-31 01324683 c:OrdinaryShareClass1 2022-03-31 01324683 c:OrdinaryShareClass2 2022-04-01 2023-03-31 01324683 c:OrdinaryShareClass2 2023-03-31 01324683 c:OrdinaryShareClass2 2022-03-31 01324683 c:FRS102 2022-04-01 2023-03-31 01324683 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01324683 c:FullAccounts 2022-04-01 2023-03-31 01324683 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01324683 6 2022-04-01 2023-03-31 01324683 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01324683 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01324683 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 01324683 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 01324683 d:OtherDeferredTax 2023-03-31 01324683 d:OtherDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01324683









EDWARD F. SALTMARSH (PRODUCE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
REGISTERED NUMBER: 01324683

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,430
143

Investments
 5 
62,550
23,843

Investment property
 6 
148,005
148,005

  
211,985
171,991

Current assets
  

Debtors: amounts falling due within one year
 7 
-
478

Cash at bank and in hand
  
9,361
54,568

  
9,361
55,046

Creditors: amounts falling due within one year
 8 
(3,729)
(3,190)

Net current assets
  
 
 
5,632
 
 
51,856

Total assets less current liabilities
  
217,617
223,847

Provisions for liabilities
  

Deferred Taxation
  
(5,159)
(6,682)

  
 
 
(5,159)
 
 
(6,682)

Net assets
  
212,458
217,165


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
  
202,458
207,165

  
212,458
217,165


Page 1

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
REGISTERED NUMBER: 01324683
    
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 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 by: 




................................................
D E Saltmarsh
Director

Date: 4 November 2023

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

Page 2

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The principal activity of the Company in the year under review was that of an investment company.
The Company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is Parsons Spinney, Front Street Ousden, Newmarket, Suffolk, CB8 8TW.

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

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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.

Page 3

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
16%
Straight line
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
33%
Straight line

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

Investment 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 profit or loss.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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.

(ii )Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 
2.8

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 4 (2022 - 4).

Page 5

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
3,813
344
835
4,992


Additions
-
-
1,744
1,744


Disposals
-
-
(835)
(835)



At 31 March 2023

3,813
344
1,744
5,901



Depreciation


At 1 April 2022
3,813
201
835
4,849


Charge for the year on owned assets
-
86
371
457


Disposals
-
-
(835)
(835)



At 31 March 2023

3,813
287
371
4,471



Net book value



At 31 March 2023
-
57
1,373
1,430



At 31 March 2022
-
143
-
143


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
23,843


Additions
39,954


Revaluations
(1,247)



At 31 March 2023
62,550




Page 6

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
148,005



At 31 March 2023
148,005

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





7.


Debtors

2023
2022
£
£


Trade debtors
-
478

-
478



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
460
418

Other creditors
1,587
1,090

Accruals and deferred income
1,682
1,682

3,729
3,190



9.


Deferred taxation




2023


£






At beginning of year
(6,682)


Charged to profit or loss
1,523



At end of year
(5,159)

Page 7

 
EDWARD F. SALTMARSH (PRODUCE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(358)
(36)

Tax losses carried forward
6,420
5,006

Revaluation gains
(11,221)
(11,652)

(5,159)
(6,682)




10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,000 (2022 - 5,000) Ordinary shares of £1.00 each
5,000
5,000
5,000 (2022 - 5,000) Ordinary A shares of £1.00 each
5,000
5,000

10,000

10,000


 
Page 8