Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity77 00877369 2022-04-01 2023-03-31 00877369 2021-04-01 2022-03-31 00877369 2023-03-31 00877369 2022-03-31 00877369 2021-04-01 00877369 c:Director1 2022-04-01 2023-03-31 00877369 d:PlantMachinery 2022-04-01 2023-03-31 00877369 d:PlantMachinery 2023-03-31 00877369 d:PlantMachinery 2022-03-31 00877369 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00877369 d:MotorVehicles 2022-04-01 2023-03-31 00877369 d:MotorVehicles 2023-03-31 00877369 d:MotorVehicles 2022-03-31 00877369 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00877369 d:FurnitureFittings 2022-04-01 2023-03-31 00877369 d:FurnitureFittings 2023-03-31 00877369 d:FurnitureFittings 2022-03-31 00877369 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00877369 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00877369 d:CurrentFinancialInstruments 2023-03-31 00877369 d:CurrentFinancialInstruments 2022-03-31 00877369 d:Non-currentFinancialInstruments 2023-03-31 00877369 d:Non-currentFinancialInstruments 2022-03-31 00877369 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00877369 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00877369 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00877369 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00877369 d:ShareCapital 2023-03-31 00877369 d:ShareCapital 2022-03-31 00877369 d:ShareCapital 2021-04-01 00877369 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00877369 d:RetainedEarningsAccumulatedLosses 2023-03-31 00877369 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 00877369 d:RetainedEarningsAccumulatedLosses 2022-03-31 00877369 d:RetainedEarningsAccumulatedLosses 2021-04-01 00877369 c:FRS102 2022-04-01 2023-03-31 00877369 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00877369 c:FullAccounts 2022-04-01 2023-03-31 00877369 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00877369 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 00877369










J.SAGE (BUILDERS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
J.SAGE (BUILDERS) LIMITED
REGISTERED NUMBER: 00877369

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
320,067
145,735

Investments
 5 
5,800
5,800

  
325,867
151,535

Current assets
  

Stocks
 6 
1,304,303
1,304,302

Debtors: amounts falling due within one year
 7 
263,953
201,306

Cash at bank and in hand
 8 
57,258
56,788

  
1,625,514
1,562,396

Creditors: amounts falling due within one year
 9 
(487,167)
(331,368)

Net current assets
  
 
 
1,138,347
 
 
1,231,028

Total assets less current liabilities
  
1,464,214
1,382,563

Creditors: amounts falling due after more than one year
 10 
(96,772)
(22,513)

  

Net assets
  
1,367,442
1,360,050


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
1,357,442
1,350,050

  
1,367,442
1,360,050


Page 1

 
J.SAGE (BUILDERS) LIMITED
REGISTERED NUMBER: 00877369
    
BALANCE SHEET (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 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 on 10 November 2023.




Mr H. J. Sage
Director

Page 2

 
J.SAGE (BUILDERS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
10,000
1,350,050
1,360,050


Comprehensive income for the year

Profit for the year
-
147,392
147,392

Dividends: Equity capital
-
(140,000)
(140,000)


At 31 March 2023
10,000
1,357,442
1,367,442


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
J.SAGE (BUILDERS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2021
10,000
1,364,665
1,374,665


Comprehensive income for the year

Profit for the year
-
125,385
125,385

Dividends: Equity capital
-
(140,000)
(140,000)


At 31 March 2022
10,000
1,350,050
1,360,050


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
J.SAGE (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

J Sage (Builders) Limited is a private company limited by shares, and is incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover represents amounts receivable from sale of properties, rental income and repairs carried out on behalf of other group companies.Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income and repairs carried out on behalf of other group companies are recognised in the period it relates to. Revenue from the sale of properties is recognised when all the conditions have been met, as from exchange of contracts. 

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
J.SAGE (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Stocks

Stock of properties are valued at the lower of cost or net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the purchase price of the property and cost to develop the property.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

Page 6

 
J.SAGE (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

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.

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.

 
2.13

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 7 (2022 - 7).

Page 7

 
J.SAGE (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
83,411
334,329
17,850
435,590


Additions
65,330
205,868
-
271,198


Disposals
-
(99,654)
-
(99,654)



At 31 March 2023

148,741
440,543
17,850
607,134



Depreciation


At 1 April 2022
72,220
201,887
15,748
289,855


Charge for the year on owned assets
19,130
60,213
526
79,869


Disposals
-
(82,657)
-
(82,657)



At 31 March 2023

91,350
179,443
16,274
287,067



Net book value



At 31 March 2023
57,391
261,100
1,576
320,067



At 31 March 2022
11,191
132,442
2,102
145,735


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
5,800



At 31 March 2023
5,800




Page 8

 
J.SAGE (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Stocks

2023
2022
£
£

Properties for resale
1,304,303
1,304,302



7.


Debtors

2023
2022
£
£


Trade debtors
30,882
54,737

Amounts owed by group undertakings
-
38,880

Other debtors
225,212
60,388

Prepayments and accrued income
7,859
47,301

263,953
201,306



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
57,258
56,788



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
45,631
65,750

Amounts owed to group undertakings
258,904
134,144

Other taxation and social security
13,031
9,968

Obligations under finance lease and hire purchase contracts
50,675
5,827

Other creditors
36,497
35,726

Accruals and deferred income
82,429
79,953

487,167
331,368


Page 9

 
J.SAGE (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
96,772
22,513



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £13,976 (2022: £13,976). There are no amounts payable to the fund at the balance sheet date.


12.


Related party transactions

The company has taken advantage of the exemption available in Financial Reporting Standard 102 Section 1A, whereby it has not disclosed transactions with  wholly owned subsidiary undertaking of the group.
Included in other creditors is £31,096 (2022: £31,096) due to a company controlled by connected parties of the directors of the company.
Included in other debtors is an amount due from Sage RBS, a pension scheme run for the directors, to the value of £210,973 (2022: £41,255).
During the year, Property Consultancy fees of £162,997 (2022: £192,109) were paid to a company in which one of the directors has a material interest.

 
Page 10