Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22truetrue 01844531 2022-04-01 2023-03-31 01844531 2021-04-01 2022-03-31 01844531 2023-03-31 01844531 2022-03-31 01844531 c:Director1 2022-04-01 2023-03-31 01844531 d:LeaseholdInvestmentProperty 2023-03-31 01844531 d:LeaseholdInvestmentProperty 2022-03-31 01844531 d:CurrentFinancialInstruments 2023-03-31 01844531 d:CurrentFinancialInstruments 2022-03-31 01844531 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01844531 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01844531 d:ShareCapital 2023-03-31 01844531 d:ShareCapital 2022-03-31 01844531 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01844531 d:RetainedEarningsAccumulatedLosses 2023-03-31 01844531 d:RetainedEarningsAccumulatedLosses 2022-03-31 01844531 c:FRS102 2022-04-01 2023-03-31 01844531 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01844531 c:FullAccounts 2022-04-01 2023-03-31 01844531 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01844531 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 01844531









EMSON PROPERTY INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EMSON PROPERTY INVESTMENTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
EMSON PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 01844531

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investment property
 4 
500,000
500,000

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
41,712
42,260

Cash at bank and in hand
  
11,731
21,003

  
53,443
63,263

Creditors: amounts falling due within one year
 6 
(55,435)
(55,417)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(1,992)
 
 
7,846

  

NET ASSETS
  
498,008
507,846


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
 7 
497,908
507,746

  
498,008
507,846


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: 


D E Button
Director

Date: 15 November 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
EMSON PROPERTY INVESTMENTS LIMITED
 

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

1.


GENERAL INFORMATION

Emson Properties Limited is a private company, limited by shares, and is incorporated in England and Wales. The address of its Registered Office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ.
The Company's functional and presentational currency is Pounds Sterling.

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 directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern.

 
2.3

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.

 
2.4

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.

 
2.5

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.

Page 2

 
EMSON PROPERTY INVESTMENTS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

 
2.7

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 3

 
EMSON PROPERTY INVESTMENTS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.7
FINANCIAL INSTRUMENTS (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

INTEREST INCOME

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

 
2.13

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.


3.


EMPLOYEES

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

Page 4

 
EMSON PROPERTY INVESTMENTS LIMITED
 

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

4.


INVESTMENT PROPERTY


Long term leasehold investment property

£



Valuation


At 1 April 2022
500,000



At 31 March 2023
500,000

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






5.


DEBTORS

2023
2022
£
£


Trade debtors
1,000
-

Other debtors
40,712
42,260



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,790
8,855

Other taxation and social security
9,158
9,351

Other creditors
25,858
25,582

Accruals and deferred income
11,629
11,629

55,435
55,417



7.


RESERVES

Profit & loss account

The profit and loss reserve reflects realised profits and unrealised investment property gains and losses to date less distributions.


8.


RELATED PARTY TRANSACTIONS

During the year the company paid dividends totalling of £45,000 (2022 - £32,000) to D W Lee and Leen Holdings Limited.

Page 5

 
EMSON PROPERTY INVESTMENTS LIMITED