Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11070533 2022-04-01 2023-03-31 11070533 2021-04-01 2022-03-31 11070533 2023-03-31 11070533 2022-03-31 11070533 2021-04-01 11070533 c:Director1 2022-04-01 2023-03-31 11070533 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-03-31 11070533 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-03-31 11070533 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2023-03-31 11070533 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2022-03-31 11070533 d:CurrentFinancialInstruments 2023-03-31 11070533 d:CurrentFinancialInstruments 2022-03-31 11070533 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11070533 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11070533 d:ShareCapital 2023-03-31 11070533 d:ShareCapital 2022-03-31 11070533 d:RetainedEarningsAccumulatedLosses 2023-03-31 11070533 d:RetainedEarningsAccumulatedLosses 2022-03-31 11070533 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11070533 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 11070533 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 11070533 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 11070533 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11070533 c:OrdinaryShareClass1 2023-03-31 11070533 c:OrdinaryShareClass2 2022-04-01 2023-03-31 11070533 c:OrdinaryShareClass2 2023-03-31 11070533 c:OrdinaryShareClass3 2022-04-01 2023-03-31 11070533 c:OrdinaryShareClass3 2023-03-31 11070533 c:FRS102 2022-04-01 2023-03-31 11070533 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11070533 c:FullAccounts 2022-04-01 2023-03-31 11070533 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11070533 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 11070533 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 11070533 d:EntityControlledByKeyManagementPersonnel1 2022-03-31 11070533 2 2022-04-01 2023-03-31 11070533 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11070533









LE TILLEUL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
LE TILLEUL LIMITED
REGISTERED NUMBER: 11070533

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,612,175
1,310,234

  
1,612,175
1,310,234

Current assets
  

Debtors: amounts falling due within one year
 5 
350,200
352,246

Cash at bank and in hand
  
1,308
205,249

  
351,508
557,495

Creditors: amounts falling due within one year
 6 
(1,664,140)
(1,629,600)

Net current liabilities
  
 
 
(1,312,632)
 
 
(1,072,105)

Provisions for liabilities
  

Deferred Taxation
  
(39,166)
(27,370)

Net assets
  
260,377
210,759


Capital and reserves
  

Called up share capital 
 8 
300
300

Retained earnings
  
260,077
210,459

Shareholders' funds
  
260,377
210,759


Page 1

 
LE TILLEUL LIMITED
REGISTERED NUMBER: 11070533
    
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 and delivered 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 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: 






P Idelson Smith
Director

Date: 6 November 2023

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

Page 2

 
LE TILLEUL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Le Tilleul Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 11070533). The registered office address is Onslow House, Onslow Street, Guildford, Surrey, GU1 4TL. 

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 financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

  
2.4

Dividend income

Dividend income is recognised when the right to receive payment is established. 

 
2.5

Interest income

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

 
2.6

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.

Page 3

 
LE TILLEUL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Derivative financial instruments are classified as other financial instruments. They are measured at fair value on initial recognition and at the end of each reporting period, with changes in fair value recognised in profit or loss.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Page 4

 
LE TILLEUL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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, 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.

 
2.11

Dividends

Equity dividends are recongnised when they become legally payable. Interim equity dividends are recongnised when paid. Final equity dividends are recongnised when approved by the shareholders at an anual general meeting.

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.

Page 5

 
LE TILLEUL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 1).



4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
1,087,940
222,294
1,310,234


Additions
562,196
83,547
645,743


Disposals
(453,487)
-
(453,487)


Foreign exchange movement
39,686
-
39,686


Revaluations
69,999
-
69,999



At 31 March 2023
1,306,334
305,841
1,612,175





5.


Debtors

2023
2022
£
£


Other debtors
350,200
352,246



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
27,643
-

Trade creditors
-
1,620

Corporation tax
8,522
-

Other creditors
1,616,513
1,620,480

Accruals and deferred income
11,462
7,500

1,664,140
1,629,600


Page 6

 
LE TILLEUL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Deferred taxation




2023
2022


£

£






At beginning of year
27,370
15,469


Charged to profit or loss
11,796
11,901



At end of year
39,166
27,370

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains
39,166
29,442

Losses and other deductions
-
(2,072)

39,166
27,370


8.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100
100 Ordinary A shares of £1.00 each
100
100
100 Oridnary B shares of £1.00 each
100
100

300

300


Page 7

 
LE TILLEUL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Related party transactions

Included within creditors due within one year is an amount of £1,616,513 (2021 - £1,620,480) owed to the director. This amount is unsecured, interest free and repayable on demand. 


10.


Controlling party

The director does not consider there to be an ultimate controlling party.

Page 8