Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11265879 2022-04-01 2023-03-31 11265879 2021-04-01 2022-03-31 11265879 2023-03-31 11265879 2022-03-31 11265879 c:Director1 2022-04-01 2023-03-31 11265879 c:Director2 2022-04-01 2023-03-31 11265879 c:RegisteredOffice 2022-04-01 2023-03-31 11265879 d:OfficeEquipment 2022-04-01 2023-03-31 11265879 d:OfficeEquipment 2023-03-31 11265879 d:OfficeEquipment 2022-03-31 11265879 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11265879 d:FreeholdInvestmentProperty 2023-03-31 11265879 d:FreeholdInvestmentProperty 2022-03-31 11265879 d:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 11265879 d:CurrentFinancialInstruments 2023-03-31 11265879 d:CurrentFinancialInstruments 2022-03-31 11265879 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11265879 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11265879 d:ShareCapital 2023-03-31 11265879 d:ShareCapital 2022-03-31 11265879 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11265879 d:RetainedEarningsAccumulatedLosses 2023-03-31 11265879 d:RetainedEarningsAccumulatedLosses 2022-03-31 11265879 c:FRS102 2022-04-01 2023-03-31 11265879 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11265879 c:FullAccounts 2022-04-01 2023-03-31 11265879 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11265879 2 2022-04-01 2023-03-31 11265879 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 11265879







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


LLEWELYN DAVIES ENTERPRISES LIMITED






































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LLEWELYN DAVIES ENTERPRISES LIMITED
 


 
COMPANY INFORMATION


Directors
D P Shalders 
J Shalders 




Registered number
11265879



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


LLEWELYN DAVIES ENTERPRISES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


LLEWELYN DAVIES ENTERPRISES LIMITED
REGISTERED NUMBER:11265879



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,547
4,656

Investments
 5 
32,244
9,692

Investment property
 6 
1,075,000
1,115,000

  
1,113,791
1,129,348

Current assets
  

Debtors: amounts falling due within one year
 7 
1,082
-

Cash at bank and in hand
  
1,017
12,818

  
2,099
12,818

Creditors: amounts falling due within one year
 8 
(957,692)
(926,236)

Net current liabilities
  
 
 
(955,593)
 
 
(913,418)

Total assets less current liabilities
  
158,198
215,930

Provisions for liabilities
  

Deferred tax
  
(42,303)
(42,802)

  
 
 
(42,303)
 
 
(42,802)

Net assets
  
115,895
173,128


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,750
1,750

Profit and loss account
  
114,145
171,378

  
115,895
173,128


Page 1

 


LLEWELYN DAVIES ENTERPRISES LIMITED
REGISTERED NUMBER:11265879


    
STATEMENT OF FINANCIAL POSITION (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 by: 




J Shalders
Director

Date: 17 November 2023

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

Page 2

 


LLEWELYN DAVIES ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Llewelyn Davies Enterprises Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The principle trading address of the company is the same as the registered office.

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

At 31 March 2023 the statement of financial position reports net current liabilities of £955,593 (2022 - £913,418). The company is reliant upon the continued support of its directors who confirm their continued financial support of the company.

 
2.3

Revenue

Revenue consists of rental income received and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
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 paid contributions into a pension fund for the Directors in the year.

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


LLEWELYN DAVIES ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 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 reporting 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 reporting 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 reporting 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, using the straight-line method.

Depreciation is provided on the following basis:

Furniture, Fixtures and Fittings
-
25%
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 profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the Directors 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 4

 


LLEWELYN DAVIES ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Valuation of investments

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

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).


4.


Tangible fixed assets





Furniture, Fixtures and Fittings

£



Cost or valuation


At 1 April 2022
14,112


Additions
5,846



At 31 March 2023

19,958



Depreciation


At 1 April 2022
9,456


Charge for the year
3,955



At 31 March 2023

13,411



Net book value



At 31 March 2023
6,547

Page 5

 


LLEWELYN DAVIES ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
9,692


Additions
24,371


Revaluations
(1,819)



At 31 March 2023
32,244





6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,115,000


Revaluation
(40,000)



At 31 March 2023
1,075,000

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





7.


Debtors

2023
2022
£
£


Other debtors
148
-

Prepayments and accrued income
934
-

1,082
-


Page 6

 


LLEWELYN DAVIES ENTERPRISES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
40

Corporation tax
4,534
1,707

Other creditors
917,772
899,296

Accruals and deferred income
35,386
25,193

957,692
926,236



9.


Reserves

Profit and loss account

This reserve includes amounts from revaluations of the investment properties and the fixed asset investments.


10.


Directors transactions


2023
2022
£
£

Opening balance at the begining of the year
(899,295)
(644,102)
Amounts advanced
4,534
-
Amounts repaid
(23,011)
(255,193)
Closing balance at the end of the year
(917,772)
(899,295)

Interest of £31,366 (2022 – £22,668) has accured during the year in respect of this borrowing, this remained unpaid at 31 March 2023.
Interest of £22,668 (2022 - £Nil) has been paid to the directors during the year.

 
Page 7