Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-302023-03-30falsefalse2022-03-31The principal activity of the company in the year under review was that of property investment44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05959196 2022-03-31 2023-03-30 05959196 2021-03-31 2022-03-30 05959196 2023-03-30 05959196 2022-03-30 05959196 c:Director2 2022-03-31 2023-03-30 05959196 d:Buildings d:LongLeaseholdAssets 2022-03-31 2023-03-30 05959196 d:Buildings d:LongLeaseholdAssets 2023-03-30 05959196 d:Buildings d:LongLeaseholdAssets 2022-03-30 05959196 d:FreeholdInvestmentProperty 2023-03-30 05959196 d:FreeholdInvestmentProperty 2022-03-30 05959196 d:CurrentFinancialInstruments 2023-03-30 05959196 d:CurrentFinancialInstruments 2022-03-30 05959196 d:Non-currentFinancialInstruments 2023-03-30 05959196 d:Non-currentFinancialInstruments 2022-03-30 05959196 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 05959196 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-30 05959196 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-30 05959196 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-30 05959196 d:ShareCapital 2023-03-30 05959196 d:ShareCapital 2022-03-30 05959196 d:RetainedEarningsAccumulatedLosses 2023-03-30 05959196 d:RetainedEarningsAccumulatedLosses 2022-03-30 05959196 c:FRS102 2022-03-31 2023-03-30 05959196 c:AuditExempt-NoAccountantsReport 2022-03-31 2023-03-30 05959196 c:FullAccounts 2022-03-31 2023-03-30 05959196 c:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 iso4217:GBP xbrli:pure

Registered number: 05959196










LARCHWOOD INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 MARCH 2023

 
LARCHWOOD INVESTMENTS LIMITED
REGISTERED NUMBER: 05959196

BALANCE SHEET
AS AT 30 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,933
19,333

Investment property
 5 
551,422
551,422

  
570,355
570,755

Current assets
  

Debtors: amounts falling due within one year
 6 
18,436
18,505

Cash at bank and in hand
 7 
217,040
314,002

  
235,476
332,507

Creditors: amounts falling due within one year
 8 
(357,594)
(437,435)

Net current liabilities
  
 
 
(122,118)
 
 
(104,928)

Total assets less current liabilities
  
448,237
465,827

Creditors: amounts falling due after more than one year
 9 
(123,255)
(132,788)

Provisions for liabilities
  

Deferred tax
  
(180)
(180)

  
 
 
(180)
 
 
(180)

Net assets
  
324,802
332,859


Capital and reserves
  

Called up share capital 
  
200,000
200,000

Profit and loss account
  
124,802
132,859

  
324,802
332,859


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.

Page 1

 
LARCHWOOD INVESTMENTS LIMITED
REGISTERED NUMBER: 05959196
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2023

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 6 November 2023.




Lee Tanner
Director

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

Page 2

 
LARCHWOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1.


General information

Larchwood Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05959196 and registered office address is Whittle Road, Leckwith Industrial Estate, Cardiff, CF11 8AT.
The presentation currency of the financial statements is the pound sterling (£) and monetary amounts have been rounded to the nearest pound.

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 directors have assessed the principal risks and uncertainties impacting the company and the pressures facing the global economy. The directors are aware that the situation is continually evolving and is prepared to adapt with the latest developments and recommendations.
The directors have assessed the balance sheet and likely future cash flows of the company at the date of approving the financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 3

 
LARCHWOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)

  
2.3

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
I
mpairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

  
2.4

Turnover and revenue recognition

Turnover relates to rental income and revenue is recognised evenly in the period to which it relates.

  
2.5

Financial instruments

Basic financial assets which include trade and other debtors and cash and bank balances, are initially. measured 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. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including trade, other creditors and loans, 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 payments discounted at a market rate of interest.

Page 4

 
LARCHWOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.7

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. .

Depreciation is provided on the following basis:

Long leasehold and buildings
-
2%
on cost

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.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

Page 5

 
LARCHWOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)

 
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.


3.


Employees

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


4.


Tangible fixed assets





Long leasehold

£



Cost or valuation


At 31 March 2022
20,000



At 30 March 2023

20,000



Depreciation


At 31 March 2022
667


Charge for the year on owned assets
400



At 30 March 2023

1,067



Net book value



At 30 March 2023
18,933



At 30 March 2022
19,333

Page 6

 
LARCHWOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

5.


Investment property


Investment property

£



Valuation


At 31 March 2022
551,422



At 30 March 2023
551,422

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





6.


Debtors

2023
2022
£
£


Trade debtors
12,555
12,623

Other debtors
300
300

Prepayments and accrued income
4,582
4,583

Tax recoverable
999
999

18,436
18,505



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
217,040
314,002

217,040
314,002


Page 7

 
LARCHWOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,200
4,200

Corporation tax
2,710
-

Other creditors
342,480
401,163

Accruals and deferred income
8,204
32,072

357,594
437,435



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,450
13,650

Other creditors
113,805
119,138

123,255
132,788


 
Page 8