Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3042022-07-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08038217 2022-07-01 2023-06-30 08038217 2021-07-01 2022-06-30 08038217 2023-06-30 08038217 2022-06-30 08038217 c:Director1 2022-07-01 2023-06-30 08038217 d:MotorVehicles 2022-07-01 2023-06-30 08038217 d:MotorVehicles 2023-06-30 08038217 d:MotorVehicles 2022-06-30 08038217 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08038217 d:FurnitureFittings 2022-07-01 2023-06-30 08038217 d:FurnitureFittings 2023-06-30 08038217 d:FurnitureFittings 2022-06-30 08038217 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08038217 d:OfficeEquipment 2022-07-01 2023-06-30 08038217 d:ComputerEquipment 2022-07-01 2023-06-30 08038217 d:ComputerEquipment 2023-06-30 08038217 d:ComputerEquipment 2022-06-30 08038217 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08038217 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08038217 d:CurrentFinancialInstruments 2023-06-30 08038217 d:CurrentFinancialInstruments 2022-06-30 08038217 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08038217 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08038217 d:ShareCapital 2023-06-30 08038217 d:ShareCapital 2022-06-30 08038217 d:RetainedEarningsAccumulatedLosses 2023-06-30 08038217 d:RetainedEarningsAccumulatedLosses 2022-06-30 08038217 c:OrdinaryShareClass1 2022-07-01 2023-06-30 08038217 c:OrdinaryShareClass1 2023-06-30 08038217 c:OrdinaryShareClass1 2022-06-30 08038217 c:OrdinaryShareClass2 2022-07-01 2023-06-30 08038217 c:OrdinaryShareClass2 2023-06-30 08038217 c:OrdinaryShareClass2 2022-06-30 08038217 c:OrdinaryShareClass3 2022-07-01 2023-06-30 08038217 c:OrdinaryShareClass3 2023-06-30 08038217 c:OrdinaryShareClass3 2022-06-30 08038217 c:OrdinaryShareClass4 2022-07-01 2023-06-30 08038217 c:OrdinaryShareClass4 2023-06-30 08038217 c:OrdinaryShareClass4 2022-06-30 08038217 c:OrdinaryShareClass5 2022-07-01 2023-06-30 08038217 c:OrdinaryShareClass5 2023-06-30 08038217 c:OrdinaryShareClass5 2022-06-30 08038217 c:FRS102 2022-07-01 2023-06-30 08038217 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08038217 c:FullAccounts 2022-07-01 2023-06-30 08038217 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08038217 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 08038217












CEDAR LEISURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


 
REGISTERED NUMBER:08038217
CEDAR LEISURE LIMITED

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,506
26,721

Investments
 5 
1
1

  
4,507
26,722

Current assets
  

Debtors: amounts falling due within one year
 6 
46,996
39,748

Cash at bank and in hand
  
885,130
687,678

  
932,126
727,426

Creditors: amounts falling due within one year
 7 
(66,269)
(57,479)

Net current assets
  
 
 
865,857
 
 
669,947

Total assets less current liabilities
  
870,364
696,669

  

Net assets
  
870,364
696,669


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
870,164
696,469

Total equity
  
870,364
696,669


Page 1


 
REGISTERED NUMBER:08038217
CEDAR LEISURE LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers 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 director acknowledges his 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: 




T Scoble
Director

Date: 13 November 2023

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

Page 2

 

CEDAR LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Cedar Leisure Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Great Queen Street, Covent Garden, London, United Kingdom, WC2B 5AH.
The financial statements are presented in Sterling (£). Monetary amounts in the financial statements are rounded to the nearest £.

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

Turnover

Turnover represents amounts receivable for services net of VAT.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

 
2.3

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate
resources to continue in operational existence and meet its liabilities as they fall due for the
foreseeable future, being a period of at least twelve months from the date these financial statements
were approved. Accordingly, he continues to adopt the going concern basis in preparing the
financial statements.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 3

 

CEDAR LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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, using the following methods.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
33%
straight line
Computer equipment
-

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

Fixed asset investments

Fixed asset investments are initially measured at cost and are subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

 
2.9

Cash

Cash is represented by cash in hand and 90 days deposits with financial institutions.

 
2.10

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows 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
Page 4

 

CEDAR LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

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.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Income and Retained Earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

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 Statement of Income and Retained Earnings.

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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.11

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.

  
2.12

Share capital

Ordinary shares are classified as equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 3).

Page 5

 

CEDAR LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
39,995
1,842
15,950
57,787


Additions
-
-
4,441
4,441


Disposals
(39,995)
-
-
(39,995)



At 30 June 2023

-
1,842
20,391
22,233



Depreciation


At 1 July 2022
15,998
1,148
13,920
31,066


Charge for the year on owned assets
-
104
2,555
2,659


Disposals
(15,998)
-
-
(15,998)



At 30 June 2023

-
1,252
16,475
17,727



Net book value



At 30 June 2023
-
590
3,916
4,506



At 30 June 2022
23,997
694
2,030
26,721


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2022
1



At 30 June 2023
1




Page 6

 

CEDAR LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
43,560
36,740

Other debtors
3,436
3,008

46,996
39,748



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
53,091
37,037

Other taxation and social security
3,656
3,640

Other creditors
3,772
11,052

Accruals and deferred income
5,750
5,750

66,269
57,479



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



180 (2022 - 180) A Ordinary shares of £1.00 each
180
180
5 (2022 - 5) B Ordinary shares of £1.00 each
5
5
5 (2022 - 5) C Ordinary shares of £1.00 each
5
5
5 (2022 - 5) D Ordinary shares of £1.00 each
5
5
5 (2022 - 5) E Ordinary shares of £1.00 each
5
5

200

200



9.


Related party transactions

At the year end date, included within other creditors is an amount of £3,772 (2022: £9,052) owed to the director of the company. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.

 
Page 7