Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-07-01false33truetrue 00461048 2022-07-01 2023-06-30 00461048 2021-07-01 2022-06-30 00461048 2023-06-30 00461048 2022-06-30 00461048 c:Director2 2022-07-01 2023-06-30 00461048 c:Director3 2022-07-01 2023-06-30 00461048 d:PlantMachinery 2022-07-01 2023-06-30 00461048 d:PlantMachinery 2023-06-30 00461048 d:PlantMachinery 2022-06-30 00461048 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00461048 d:MotorVehicles 2022-07-01 2023-06-30 00461048 d:MotorVehicles 2023-06-30 00461048 d:MotorVehicles 2022-06-30 00461048 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00461048 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00461048 d:FreeholdInvestmentProperty 2023-06-30 00461048 d:FreeholdInvestmentProperty 2022-06-30 00461048 d:CurrentFinancialInstruments 2023-06-30 00461048 d:CurrentFinancialInstruments 2022-06-30 00461048 d:CurrentFinancialInstruments 2 2023-06-30 00461048 d:CurrentFinancialInstruments 2 2022-06-30 00461048 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00461048 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 00461048 d:ShareCapital 2023-06-30 00461048 d:ShareCapital 2022-06-30 00461048 d:CapitalRedemptionReserve 2023-06-30 00461048 d:CapitalRedemptionReserve 2022-06-30 00461048 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 00461048 d:RetainedEarningsAccumulatedLosses 2023-06-30 00461048 d:RetainedEarningsAccumulatedLosses 2022-06-30 00461048 c:FRS102 2022-07-01 2023-06-30 00461048 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 00461048 c:FullAccounts 2022-07-01 2023-06-30 00461048 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 00461048










ELLIOTT BERESFORD & SON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
ELLIOTT BERESFORD & SON LIMITED
REGISTERED NUMBER: 00461048

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,483
3,701

Investment property
 5 
1,300,000
1,300,000

  
1,303,483
1,303,701

Current assets
  

Debtors: amounts falling due within one year
 6 
45,726
37,915

Cash at bank and in hand
  
149,192
127,496

  
194,918
165,411

Creditors: amounts falling due within one year
 7 
(105,427)
(100,562)

Net current assets
  
 
 
89,491
 
 
64,849

  

Net assets
  
1,392,974
1,368,550


Capital and reserves
  

Called up share capital 
  
18,564
18,564

Capital redemption reserve
 8 
3,761
3,761

Profit and loss account
 8 
1,370,649
1,346,225

  
1,392,974
1,368,550


Page 1

 
ELLIOTT BERESFORD & SON LIMITED
REGISTERED NUMBER: 00461048
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 25 January 2024.





J E Beresford
D E Beresford
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ELLIOTT BERESFORD & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Elliott Beresford & Son Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00461048). Its registered office is Unit 3a Davian Works, Storforth Lane, Chesterfield, Derbyshire, S40 2TU. The principal activity of the Company throughout the year continued to be that of the management of investment properties.

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 Company's functional and presentation currency is pounds sterling.

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

 
ELLIOTT BERESFORD & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

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, as follows.

The depreciation rates used are:

Plant and machinery
-
15% reducing balance
Motor vehicles
-
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 the Statement of Income and Retained Earnings.

 
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 the Statement of Income and Retained Earnings.

Page 4

 
ELLIOTT BERESFORD & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price 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,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current  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 3 (2022 - 3).

Page 5

 
ELLIOTT BERESFORD & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 July 2022
32,556
4,000
36,556


Additions
421
-
421



At 30 June 2023

32,977
4,000
36,977



Depreciation


At 1 July 2022
29,322
3,533
32,855


Charge for the year on owned assets
522
117
639



At 30 June 2023

29,844
3,650
33,494



Net book value



At 30 June 2023
3,133
350
3,483



At 30 June 2022
3,234
467
3,701


5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
1,300,000



At 30 June 2023
1,300,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
274,953
274,953

Page 6

 
ELLIOTT BERESFORD & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
41,096
33,791

Prepayments and accrued income
4,630
4,124

45,726
37,915



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
164
41

Corporation tax
30,318
26,113

Other taxation and social security
1,001
1,147

Other creditors
71,324
70,641

Share capital treated as debt
2,620
2,620

105,427
100,562



8.


Reserves

Profit and loss account

Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, whilst previous UK GAAP stipulated that the surplus on revaluation of the property should be held in a revaluation reserve, which, being an unrealised surplus, did not form part of the company's distributable reserves, FRS 102 requires that these surpluses, although still not distributable, be charged through the Statement of Income and Retained Earnings. 
Consequently, the profit and loss account reserve at 30 June 2023 includes a non-distributable amount of £1,025,047 (2022: £1,025,047).

 
Page 7