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 2006.2022-04-01falseNo description of principal activity66truetrue 04260314 2022-04-01 2023-03-31 04260314 2021-04-01 2022-03-31 04260314 2023-03-31 04260314 2022-03-31 04260314 2021-04-01 04260314 c:Director1 2022-04-01 2023-03-31 04260314 d:Buildings 2022-04-01 2023-03-31 04260314 d:Buildings 2023-03-31 04260314 d:Buildings 2022-03-31 04260314 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04260314 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 04260314 d:Buildings d:LongLeaseholdAssets 2023-03-31 04260314 d:Buildings d:LongLeaseholdAssets 2022-03-31 04260314 d:PlantMachinery 2022-04-01 2023-03-31 04260314 d:PlantMachinery 2023-03-31 04260314 d:PlantMachinery 2022-03-31 04260314 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04260314 d:FurnitureFittings 2022-04-01 2023-03-31 04260314 d:FurnitureFittings 2023-03-31 04260314 d:FurnitureFittings 2022-03-31 04260314 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04260314 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04260314 d:OtherPropertyPlantEquipment 2023-03-31 04260314 d:OtherPropertyPlantEquipment 2022-03-31 04260314 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04260314 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04260314 d:CurrentFinancialInstruments 2023-03-31 04260314 d:CurrentFinancialInstruments 2022-03-31 04260314 d:Non-currentFinancialInstruments 2023-03-31 04260314 d:Non-currentFinancialInstruments 2022-03-31 04260314 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04260314 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04260314 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04260314 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04260314 d:ShareCapital 2023-03-31 04260314 d:ShareCapital 2022-03-31 04260314 d:CapitalRedemptionReserve 2023-03-31 04260314 d:CapitalRedemptionReserve 2022-03-31 04260314 d:RetainedEarningsAccumulatedLosses 2023-03-31 04260314 d:RetainedEarningsAccumulatedLosses 2022-03-31 04260314 c:FRS102 2022-04-01 2023-03-31 04260314 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04260314 c:FullAccounts 2022-04-01 2023-03-31 04260314 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04260314 d:WithinOneYear 2023-03-31 04260314 d:WithinOneYear 2022-03-31 04260314 d:BetweenOneFiveYears 2023-03-31 04260314 d:BetweenOneFiveYears 2022-03-31 04260314 d:MoreThanFiveYears 2023-03-31 04260314 d:MoreThanFiveYears 2022-03-31 04260314 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04260314 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 04260314










ECKINGTON LAND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
ECKINGTON LAND LIMITED
REGISTERED NUMBER: 04260314

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
961,809
961,552

Investments
 5 
9,990
-

Current assets
  

Debtors: amounts falling due within one year
 6 
244,384
235,933

Cash at bank and in hand
  
760,885
646,911

  
1,005,269
882,844

Creditors: amounts falling due within one year
 7 
(216,740)
(535,983)

Net current assets
  
 
 
788,529
 
 
346,861

Total assets less current liabilities
  
1,760,328
1,308,413

Creditors: amounts falling due after more than one year
 8 
(265,987)
-

Provisions for liabilities
  

Deferred tax
 9 
(57,017)
(43,410)

Net assets
  
1,437,324
1,265,003


Capital and reserves
  

Called up share capital 
  
50,002
50,002

Capital redemption reserve
  
25,001
25,001

Profit and loss account
  
1,362,321
1,190,000

  
1,437,324
1,265,003


Page 1

 
ECKINGTON LAND LIMITED
REGISTERED NUMBER: 04260314
    
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 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 17 November 2023.




J A B Short
Director

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

Page 2

 
ECKINGTON LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Eckington Land Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04260314). Its registered office address is 33 Bridge Business Centre, Beresford Way, Dunston, Chesterfield, Derbyshire, S41 9FG. The principal activity of the Company throughout the year continued to be that of providers of storage facilities.

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 presentation curreny is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
ECKINGTON LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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, as follows.

The depreciation rates used are:

Freehold land
-
Not depreciated
Leasehold property alterations
-
Not depreciated
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Containers
-
 7.5% 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 the Statement of Income and Retained Earnings. 

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price 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,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 4

 
ECKINGTON LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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 the Statement of Income and Retained Earnings 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.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
ECKINGTON LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold land
Leasehold property alterations
Plant and machinery
Fixtures and fittings
Containers
Total

£
£
£
£
£
£



Cost 


At 1 April 2022
690,824
10,564
270,963
12,638
704,687
1,689,676


Additions
-
-
42,250
799
-
43,049


Disposals
-
-
(1,000)
-
-
(1,000)



At 31 March 2023

690,824
10,564
312,213
13,437
704,687
1,731,725



Depreciation


At 1 April 2022
-
-
184,032
11,290
532,802
728,124


Charge for the year on owned assets
-
-
15,239
283
27,182
42,704


Disposals
-
-
(912)
-
-
(912)



At 31 March 2023

-
-
198,359
11,573
559,984
769,916



Net book value



At 31 March 2023
690,824
10,564
113,854
1,864
144,703
961,809



At 31 March 2022
690,824
10,564
86,931
1,348
171,885
961,552


5.


Fixed asset investments





Trade investments

£





Additions
9,990




Page 6

 
ECKINGTON LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
51,318
61,426

Other debtors
193,066
174,507

244,384
235,933



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
23,781
326,129

Trade creditors
958
738

Corporation tax
42,467
50,221

Other taxation and social security
36,064
42,998

Other creditors
-
232

Accruals and deferred income
113,470
115,665

216,740
535,983



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
265,987
-


Included within creditors are bank loans amounting to £289,768 (2022: £326,129) on which security has been given by the Company.
The bank loan amount falling due after more than 5 years is £154,213. 

Page 7

 
ECKINGTON LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
43,410
44,197


Charged to profit or loss
13,607
(787)



At end of year
57,017
43,410

2023
2022
£
£


Accelerated capital allowances
57,017
43,410


10.


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 £2,709 (2022 - £2,728). Contributions totalling £nil (2022 - £nil) were payable to the fund at the Balance Sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
28,307
28,307

Later than 1 year and not later than 5 years
113,227
113,227

Later than 5 years
155,687
183,994

297,221
325,528

 
Page 8