Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-01-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09895634 2022-01-01 2023-03-31 09895634 2021-01-01 2021-12-31 09895634 2023-03-31 09895634 2021-12-31 09895634 2021-01-01 09895634 1 2021-01-01 2021-12-31 09895634 d:Director1 2022-01-01 2023-03-31 09895634 e:ComputerEquipment 2022-01-01 2023-03-31 09895634 e:ComputerEquipment 2023-03-31 09895634 e:ComputerEquipment 2021-12-31 09895634 e:ComputerEquipment e:OwnedOrFreeholdAssets 2022-01-01 2023-03-31 09895634 e:FreeholdInvestmentProperty 2023-03-31 09895634 e:FreeholdInvestmentProperty 2021-12-31 09895634 e:CurrentFinancialInstruments 2023-03-31 09895634 e:CurrentFinancialInstruments 2021-12-31 09895634 e:Non-currentFinancialInstruments 2023-03-31 09895634 e:Non-currentFinancialInstruments 2021-12-31 09895634 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 09895634 e:CurrentFinancialInstruments e:WithinOneYear 2021-12-31 09895634 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 09895634 e:Non-currentFinancialInstruments e:AfterOneYear 2021-12-31 09895634 e:ShareCapital 2023-03-31 09895634 e:ShareCapital 2021-12-31 09895634 e:ShareCapital 2021-01-01 09895634 e:RevaluationReserve 2023-03-31 09895634 e:RevaluationReserve 2021-01-01 2021-12-31 09895634 e:RevaluationReserve 2021-12-31 09895634 e:RevaluationReserve 2021-01-01 09895634 e:RevaluationReserve 8 2021-01-01 2021-12-31 09895634 e:RetainedEarningsAccumulatedLosses 2022-01-01 2023-03-31 09895634 e:RetainedEarningsAccumulatedLosses 2023-03-31 09895634 e:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 09895634 e:RetainedEarningsAccumulatedLosses 2021-12-31 09895634 e:RetainedEarningsAccumulatedLosses 2021-01-01 09895634 e:RetainedEarningsAccumulatedLosses 1 2021-01-01 2021-12-31 09895634 d:FRS102 2022-01-01 2023-03-31 09895634 d:AuditExempt-NoAccountantsReport 2022-01-01 2023-03-31 09895634 d:FullAccounts 2022-01-01 2023-03-31 09895634 d:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09895634










PRICE CARTREF RESIDENTIAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
PRICE CARTREF RESIDENTIAL LIMITED
REGISTERED NUMBER: 09895634

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 December
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,386
2,013

Investment property
 5 
465,000
465,000

  
466,386
467,013

Current assets
  

Stocks
  
1,600
-

Cash at bank and in hand
 6 
15,449
5,022

  
17,049
5,022

Creditors: amounts falling due within one year
 7 
(140,799)
(142,108)

Net current liabilities
  
 
 
(123,750)
 
 
(137,086)

Total assets less current liabilities
  
342,636
329,927

Creditors: amounts falling due after more than one year
 8 
(279,454)
(296,432)

Provisions for liabilities
  

Deferred tax
  
(10,649)
(10,649)

  
 
 
(10,649)
 
 
(10,649)

Net assets
  
52,533
22,846


Capital and reserves
  

Called up share capital 
  
1
1

Fair value reserve
  
45,399
45,399

Profit and loss account
  
7,133
(22,554)

  
52,533
22,846


Page 1

 
PRICE CARTREF RESIDENTIAL LIMITED
REGISTERED NUMBER: 09895634
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 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 3 November 2023.




Julian Price
Director

Page 2

 
PRICE CARTREF RESIDENTIAL LIMITED
 

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


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2021
1
-
(19,141)
(19,140)


Comprehensive income for the year

Profit for the year

-
-
41,986
41,986

Other movement
-
45,399
-
45,399


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
-
(45,399)
(45,399)



At 1 January 2022
1
45,399
(22,554)
22,846


Comprehensive income for the period

Profit for the period

-
-
29,687
29,687


At 31 March 2023
1
45,399
7,133
52,533


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Price Cartref Residential Limited is a private company, limited by shares in registered in England and Wales. The company's registered number and registered office address are as below:
Registered number:   09895634
Registered office address: 3 New Mill Court
     Swansea Enterprise Park
     Swansea
     SA7 9FG
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to 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 financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Page 4

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.2

Significant judgement and estimates

In the application of the company's accounting policies, the director is 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 effects 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 director has 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.
Valuation of investment property
Fair values of investment property are ascertained with reference to the local property market, taking
into account differentiating factors.
Impairment 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 benefit is considered remote. Contingent assets
are only disclosed if an inflow of economic benefit is probable.

  
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised in the period to which it relates.

 
2.4

Going concern

The company is reliant upon the continuing support of the director. Despite the uncertain economic conditions,after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its financial obligations as they fall due. Accordingly, the director continues to adopt the going concern basis in preparing the annual report and accounts.

 
2.5

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 5

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
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:

Computer equipment
-
20%
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.

 
2.6

Investment property

Investment properties are stated at fair value at the balance sheet date and are not depreciated. Revaluation surpluses or deficits are recognised in the income statement. Surpluses or deficits on revaluation are then transferred from Retained Earnings to a separate fair value non-distributable reserve.

  
2.7

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.
Basic financial liabilities, including trade and other creditors and bank 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.

  
2.8

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.9

Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2021 - 0).

Page 7

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 January 2022
2,509



At 31 March 2023

2,509



Depreciation


At 1 January 2022
496


Charge for the period on owned assets
627



At 31 March 2023

1,123



Net book value



At 31 March 2023
1,386



At 31 December 2021
2,013

Page 8

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Investment property





Freehold investment property

£



Valuation


At 1 January 2022
465,000



At 31 March 2023
465,000

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


31 March
31 December
2023
2021
£
£
Fair value at 31 March 2023 is represented by:




Valuation in 2023
56,048
-

Cost
408,952
-

465,000
-


6.


Cash and cash equivalents

31 March
31 December
2023
2021
£
£

Cash at bank and in hand
15,449
5,022

15,449
5,022


Page 9

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

31 March
31 December
2023
2021
£
£

Bank loans
-
850

Corporation tax
2,423
-

Other creditors
135,779
140,306

Accruals and deferred income
2,597
952

140,799
142,108



8.


Creditors: Amounts falling due after more than one year

31 March
31 December
2023
2021
£
£

Bank loans
279,454
296,432

279,454
296,432



9.


Secured debts

The following secured debts are included within creditors:

31 March
31 December
2023
2021
£
£
Bank loans

274,143

297,282
 

The loan is secured on the assets of the company.

Page 10

 
PRICE CARTREF RESIDENTIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.

Reserves

Fair value reserve
        £
At 1 January 2022

45,399

At 31 March 2023

45,399


 
Page 11