Caseware UK (AP4) 2022.0.179 2022.0.179 No description of principal activity2022-03-01false55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12499485 2022-03-01 2023-02-28 12499485 2021-03-01 2022-02-28 12499485 2023-02-28 12499485 2022-02-28 12499485 c:Director1 2022-03-01 2023-02-28 12499485 c:Director2 2022-03-01 2023-02-28 12499485 d:CurrentFinancialInstruments 2023-02-28 12499485 d:CurrentFinancialInstruments 2022-02-28 12499485 d:Non-currentFinancialInstruments 2023-02-28 12499485 d:Non-currentFinancialInstruments 2022-02-28 12499485 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12499485 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12499485 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12499485 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 12499485 d:ShareCapital 2023-02-28 12499485 d:ShareCapital 2022-02-28 12499485 d:RetainedEarningsAccumulatedLosses 2023-02-28 12499485 d:RetainedEarningsAccumulatedLosses 2022-02-28 12499485 c:OrdinaryShareClass1 2022-03-01 2023-02-28 12499485 c:OrdinaryShareClass1 2023-02-28 12499485 c:OrdinaryShareClass1 2022-02-28 12499485 c:FRS102 2022-03-01 2023-02-28 12499485 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12499485 c:AbridgedAccounts 2022-03-01 2023-02-28 12499485 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12499485 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12499485










CARLYLE LAND HOLDINGS LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 28 February 2023

 
CARLYLE LAND HOLDINGS LIMITED
Registered number: 12499485

Balance sheet
As at 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
8,631,953
13,342,832

  
8,631,953
13,342,832

Current assets
  

Debtors
  
1,684,103
1,310,269

  
1,684,103
1,310,269

Creditors: amounts falling due within one year
 6 
(5,000,124)
(4,624,989)

Net current liabilities
  
 
 
(3,316,021)
 
 
(3,314,720)

Total assets less current liabilities
  
5,315,932
10,028,112

Creditors: amounts falling due after more than one year
  
(5,520,000)
(9,895,000)

Net (liabilities)/assets
  
(204,068)
133,112


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(204,069)
133,111

  
(204,068)
133,112


Page 1

 
CARLYLE LAND HOLDINGS LIMITED
Registered number: 12499485

Balance sheet (continued)
As at 28 February 2023

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 comprehensive income 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 3 to 6 form part of these financial statements.

Page 2

 
CARLYLE LAND HOLDINGS LIMITED
 

 
Notes to the financial statements
For the Year Ended 28 February 2023

1.


General information

Carlyle Land Holdings 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:

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

Borrowing costs

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

 
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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
CARLYLE LAND HOLDINGS LIMITED
 

 
Notes to the financial statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)

 
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

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

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.

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.

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
Page 4

 
CARLYLE LAND HOLDINGS LIMITED
 

 
Notes to the financial statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

immaterial.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 March 2022
13,342,832


Revaluations
(4,710,879)



At 28 February 2023
8,631,953







5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,683,086
1,310,049

Other debtors
850
220

Called up share capital not paid
1
1

Prepayments and accrued income
167
-

1,684,104
1,310,270


Page 5

 
CARLYLE LAND HOLDINGS LIMITED
 

 
Notes to the financial statements
For the Year Ended 28 February 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Loan notes
4,750,000
4,375,000

Corporation tax
248,565
248,565

Accruals and deferred income
1,559
1,424

5,000,124
4,624,989



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loan notes
5,520,000
9,895,000

5,520,000
9,895,000


The interest rate applicable to the loan notes is 3% over the published base rate of HSBC UK Bank plc on the first day of each interest period. Interest is accrued daily and is calculated on the basis of a 365 day year.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 -1) Ordinary share of £1.00
1
1



9.


Related party transactions

During the year, the Directors waived loan note interest in the sum of £399,920  (2022: £567,114)

During the year the company received dividends from the subsidiary company of £4,375,000 (2022: £9,730,000). The company also had expenses paid by the subsidiary company of £4,001,963 (2022: £10,171,563) and provided services to the subsidiary company of nil (2022: £1,751,592). The amount owed to the company at the financial end was £1,683,086 (2022:£1,310,049.)
 


10.


Controlling party

The company is controlled by the trustees of The Village Discretionary Trust 2020 who hold 100% of the issued share capital.


Page 6