Caseware UK (AP4) 2022.0.179 2022.0.179 The company operated a Director's Current account for the company directors. The balances owing by the company to the directors at the financial year end was: During the year the company paid expenses on behalf of companies controlled by certain directors in the sum of £410,902 (2022: £3,400). The amount owed to the company at the financial year end was £414,302 (2022: £3,400). During the year the company paid dividends to the parent company of £4,375,000 (2022: £9,730,000). The company also paid expenses on behalf of the parent company of £4,001,963 (2022: £10,171,563) and received services from the parent company of nil (2022: £1,751,592). The amount owed by the company at the financial end was £1,683,086 (2022:£1,310,049)false5true52022-03-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08728305 2022-03-01 2023-02-28 08728305 2021-03-01 2022-02-28 08728305 2023-02-28 08728305 2022-02-28 08728305 c:Director1 2022-03-01 2023-02-28 08728305 c:Director2 2022-03-01 2023-02-28 08728305 c:Director3 2022-03-01 2023-02-28 08728305 c:Director4 2022-03-01 2023-02-28 08728305 c:Director5 2022-03-01 2023-02-28 08728305 c:RegisteredOffice 2022-03-01 2023-02-28 08728305 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08728305 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08728305 d:ShareCapital 2023-02-28 08728305 d:ShareCapital 2022-02-28 08728305 d:RetainedEarningsAccumulatedLosses 2023-02-28 08728305 d:RetainedEarningsAccumulatedLosses 2022-02-28 08728305 c:OrdinaryShareClass1 2022-03-01 2023-02-28 08728305 c:OrdinaryShareClass1 2023-02-28 08728305 c:OrdinaryShareClass1 2022-02-28 08728305 c:FRS102 2022-03-01 2023-02-28 08728305 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08728305 c:AbridgedAccounts 2022-03-01 2023-02-28 08728305 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08728305










CARLYLE LAND LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 28 February 2023

 
CARLYLE LAND LIMITED
 

Company Information


Directors
P M Village 
A H Village 
T C M Village 
E F M Village 
A V E Village 




Registered number
08728305



Registered office
70 Clarkehouse Road

Sheffield

South Yorkshire

S10 2LJ





 
CARLYLE LAND LIMITED
Registered number: 08728305

Balance sheet
As at 28 February 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
  
11,132,605
15,033,574

Cash at bank and in hand
 4 
88,864
589,913

  
11,221,469
15,623,487

Creditors: amounts falling due within one year
  
(2,589,516)
(2,286,082)

Net current assets
  
 
 
8,631,953
 
 
13,337,405

Total assets less current liabilities
  
8,631,953
13,337,405

  

Net assets
  
8,631,953
13,337,405


Capital and reserves
  

Called up share capital 
 5 
1,603,176
1,603,176

Profit and loss account
  
7,028,777
11,734,229

  
8,631,953
13,337,405


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 on 28 November 2023.






P M Village
A H Village
Director
Director

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

Page 1

 
CARLYLE LAND LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

1.


General information

Carlyle Land Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
     - the Company has transferred the significant risks and rewards of ownership to the buyer;
     - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor
       effective control over the goods sold;
     - the amount of revenue can be measured reliably;
     - it is probable that the Company will receive the consideration due under the transaction; and
     - the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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

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 2

 
CARLYLE LAND LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.6

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.

 
2.7

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.

 
2.8

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

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.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
Page 3

 
CARLYLE LAND LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
88,864
589,913

88,864
589,913



5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,603,176 (2022 - 1,603,176) Ordinary shares of £1.00 each
1,603,176
1,603,176


Page 4

 
CARLYLE LAND LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

6.


Related party transactions

The company operated a Director's Current account for the company directors. The balances owing by the company to the directors at the financial year end was:


2023
2022
£
£

P M & A H Village
246,580
46,580
246,580
46,580

During the year the company paid expenses on behalf of companies controlled by certain directors in the sum of
 £410,902 (2022: £3,400). The amount owed to the company at the financial year end was £414,302 (2022: £3,400).
During the year the company paid dividends to the parent company of £4,375,000 (2022: £9,730,000). The company also paid expenses on behalf of the parent company of £4,001,963 (2022: £10,171,563) and received services from the parent company of nil (2022: £1,751,592). The amount owed by the company at the financial end was £1,683,086 (2022:£1,310,049)


7.


Controlling party

 The company is a wholly owned subsidiary of  Carlyle Land Holdings Limited (CN : 12499485).


Page 5