Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-012falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03349319 2022-04-01 2023-03-31 03349319 2021-04-01 2022-03-31 03349319 2023-03-31 03349319 2022-03-31 03349319 c:Director1 2022-04-01 2023-03-31 03349319 d:PlantMachinery 2022-04-01 2023-03-31 03349319 d:PlantMachinery 2023-03-31 03349319 d:PlantMachinery 2022-03-31 03349319 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03349319 d:MotorVehicles 2022-04-01 2023-03-31 03349319 d:MotorVehicles 2023-03-31 03349319 d:MotorVehicles 2022-03-31 03349319 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03349319 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03349319 d:CurrentFinancialInstruments 2023-03-31 03349319 d:CurrentFinancialInstruments 2022-03-31 03349319 d:Non-currentFinancialInstruments 2023-03-31 03349319 d:Non-currentFinancialInstruments 2022-03-31 03349319 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03349319 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03349319 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03349319 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03349319 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03349319 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 03349319 d:ShareCapital 2023-03-31 03349319 d:ShareCapital 2022-03-31 03349319 d:RetainedEarningsAccumulatedLosses 2023-03-31 03349319 d:RetainedEarningsAccumulatedLosses 2022-03-31 03349319 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03349319 c:OrdinaryShareClass1 2023-03-31 03349319 c:OrdinaryShareClass1 2022-03-31 03349319 c:FRS102 2022-04-01 2023-03-31 03349319 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03349319 c:FullAccounts 2022-04-01 2023-03-31 03349319 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03349319 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03349319










PWN STEEPE PROPERTY DEVELOPMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03349319

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,920
52,928

  
43,920
52,928

Current assets
  

Stocks
  
29,495
20,491

Debtors: amounts falling due within one year
 5 
199,225
51,051

Cash at bank and in hand
 6 
124,558
110,213

  
353,278
181,755

Creditors: amounts falling due within one year
 7 
(209,240)
(48,502)

Net current assets
  
 
 
144,038
 
 
133,253

Total assets less current liabilities
  
187,958
186,181

Creditors: amounts falling due after more than one year
 8 
(22,500)
(32,500)

  

Net assets
  
165,458
153,681


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
164,458
152,681

  
165,458
153,681


Page 1

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03349319
    
STATEMENT OF FINANCIAL POSITION (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 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 on 9 November 2023.




P W N Steepe
Director

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

Page 2

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

PWN Steepe Property Developments Limited is a company domiciled in England and Wales, registration number 03349319. The registered office is Manor Courtyard, Aston Sandford, Bucks, HP17 8JB.

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

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

 
2.5

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance

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.

 
2.7

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 reporting 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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.12

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.


3.


Employees

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


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2022
110,181
67,766
177,947



At 31 March 2023

110,181
67,766
177,947



Depreciation


At 1 April 2022
67,952
57,066
125,018


Charge for the year on owned assets
6,334
2,675
9,009



At 31 March 2023

74,286
59,741
134,027



Net book value



At 31 March 2023
35,895
8,025
43,920



At 31 March 2022
42,229
10,699
52,928

Page 5

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
145,604
2,014

Other debtors
49,037
49,037

Prepayments and accrued income
4,584
-

199,225
51,051



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
124,558
110,213

124,558
110,213



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
74,218
10,464

Corporation tax
22,061
15,657

Other taxation and social security
69,786
9,852

Other creditors
30,925
279

Accruals and deferred income
2,250
2,250

209,240
48,502



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500

22,500
32,500


Page 6

 
PWN STEEPE PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
22,500
32,500


22,500
32,500



32,500
42,500



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 7