Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282truetrue2022-03-01trueNo description of principal activity2 11214298 2022-03-01 2023-02-28 11214298 2021-03-01 2022-02-28 11214298 2023-02-28 11214298 2022-02-28 11214298 c:Director1 2022-03-01 2023-02-28 11214298 d:CurrentFinancialInstruments 2023-02-28 11214298 d:CurrentFinancialInstruments 2022-02-28 11214298 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11214298 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11214298 d:ShareCapital 2023-02-28 11214298 d:ShareCapital 2022-02-28 11214298 c:OrdinaryShareClass1 2022-03-01 2023-02-28 11214298 c:OrdinaryShareClass1 2023-02-28 11214298 c:OrdinaryShareClass1 2022-02-28 11214298 c:EntityHasNeverTraded 2022-03-01 2023-02-28 11214298 c:FRS102 2022-03-01 2023-02-28 11214298 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11214298 c:FullAccounts 2022-03-01 2023-02-28 11214298 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11214298









PEASE HILL PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PEASE HILL PROPERTY LIMITED
REGISTERED NUMBER: 11214298

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
564,422
564,422

  
564,422
564,422

Creditors: amounts falling due within one year
 4 
(564,322)
(564,322)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 5 
100
100

  
100
100


Page 1

 
PEASE HILL PROPERTY LIMITED
REGISTERED NUMBER: 11214298
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

For the year ended 28 February 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 on 24 November 2023.




Gulamabbas Bharwani
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
PEASE HILL PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Pease Hill Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11214298. The registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

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.

 
2.4

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.

 
2.5

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
Page 3

 
PEASE HILL PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

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


4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
564,322
563,266

Accruals and deferred income
-
1,056

564,322
564,322



5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1.0 each
100
100



6.


Related party transactions

As at the balance sheet date £1,056 (2022: £NIL) is due to the director. The loan is intereat free and repayable on demand.

 
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