Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04561937 2022-04-01 2023-03-31 04561937 2021-04-01 2022-03-31 04561937 2023-03-31 04561937 2022-03-31 04561937 c:Director1 2022-04-01 2023-03-31 04561937 d:Buildings 2022-04-01 2023-03-31 04561937 d:Buildings 2023-03-31 04561937 d:Buildings 2022-03-31 04561937 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04561937 d:OfficeEquipment 2022-04-01 2023-03-31 04561937 d:OfficeEquipment 2023-03-31 04561937 d:OfficeEquipment 2022-03-31 04561937 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04561937 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04561937 d:CurrentFinancialInstruments 2023-03-31 04561937 d:CurrentFinancialInstruments 2022-03-31 04561937 d:Non-currentFinancialInstruments 2023-03-31 04561937 d:Non-currentFinancialInstruments 2022-03-31 04561937 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04561937 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04561937 d:ShareCapital 2023-03-31 04561937 d:ShareCapital 2022-03-31 04561937 d:RetainedEarningsAccumulatedLosses 2023-03-31 04561937 d:RetainedEarningsAccumulatedLosses 2022-03-31 04561937 c:FRS102 2022-04-01 2023-03-31 04561937 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04561937 c:FullAccounts 2022-04-01 2023-03-31 04561937 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04561937 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 04561937 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 04561937










WEST SUSSEX PROPERTY HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 04561937

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
123,989
124,041

Current assets
  

Debtors: amounts falling due after more than one year
 5 
15,010
1,684

Debtors: amounts falling due within one year
 5 
3,196
3,000

Bank & cash balances
  
463,473
443,388

  
481,679
448,072

Creditors: amounts falling due within one year
 6 
(156,948)
(106,989)

Net current assets
  
 
 
324,731
 
 
341,083

Total assets less current liabilities
  
448,720
465,124

Provisions for liabilities
  

Deferred tax
 7 
(39)
(52)

Net assets
  
448,681
465,072


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
447,681
464,072

  
448,681
465,072


Page 1

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 04561937
    
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 by: 






T C Forster
Director

Date: 13 July 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

West Sussex Property Holdings Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is: Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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.

Page 3

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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 the basis below.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Office equipment
-
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.

Page 4

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
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

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.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.9

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 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.

Page 5

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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, excluding directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
123,834
2,916
126,750



At 31 March 2023

123,834
2,916
126,750



Depreciation


At 1 April 2022
-
2,709
2,709


Charge for the year on owned assets
-
52
52



At 31 March 2023

-
2,761
2,761



Net book value



At 31 March 2023
123,834
155
123,989



At 31 March 2022
123,834
207
124,041

Page 6

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
15,010
-

Prepayments and accrued income
-
1,684

15,010
1,684


2023
2022
£
£

Due within one year

Trade debtors
3,196
3,000



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7
11

Corporation tax
7,893
7,123

Other creditors
143,857
93,855

Accruals and deferred income
5,191
6,000

156,948
106,989


Page 7

 
WEST SUSSEX PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Deferred taxation




2023


£






At beginning of year
(52)


Charged to profit or loss
13



At end of year
(39)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Tax losses carried forward
(39)
(52)

 
Page 8