Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truetruetruetruetruetruetrue2022-04-01No description of principal activity00false 06287487 2022-04-01 2023-03-31 06287487 2021-04-01 2022-03-31 06287487 2023-03-31 06287487 2022-03-31 06287487 c:CompanySecretary1 2022-04-01 2023-03-31 06287487 c:Director1 2022-04-01 2023-03-31 06287487 c:Director4 2022-04-01 2023-03-31 06287487 c:Director4 2023-03-31 06287487 c:Director5 2022-04-01 2023-03-31 06287487 c:Director5 2023-03-31 06287487 c:Director8 2022-04-01 2023-03-31 06287487 c:Director8 2023-03-31 06287487 d:CurrentFinancialInstruments 2023-03-31 06287487 d:CurrentFinancialInstruments 2022-03-31 06287487 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06287487 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06287487 d:ReportableOperatingSegment4 2022-04-01 2023-03-31 06287487 d:ReportableOperatingSegment4 2021-04-01 2022-03-31 06287487 d:ShareCapital 2023-03-31 06287487 d:ShareCapital 2022-03-31 06287487 d:RetainedEarningsAccumulatedLosses 2023-03-31 06287487 d:RetainedEarningsAccumulatedLosses 2022-03-31 06287487 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06287487 c:OrdinaryShareClass1 2023-03-31 06287487 c:OrdinaryShareClass1 2022-03-31 06287487 c:OrdinaryShareClass2 2022-04-01 2023-03-31 06287487 c:OrdinaryShareClass2 2023-03-31 06287487 c:OrdinaryShareClass2 2022-03-31 06287487 c:EntityHasNeverTraded 2022-04-01 2023-03-31 06287487 c:FRS102 2022-04-01 2023-03-31 06287487 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06287487 c:FullAccounts 2022-04-01 2023-03-31 06287487 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06287487









EPD BUCKSHAW VILLAGE LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED  31 MARCH 2023

The Directors of EPD Buckshaw Village Limited (the "Company") present their report and the financial statements for the year ended 31 March 2023.

Principal activity

The Company is dormant and no change in the Company's dormant status is anticipated in the foreseeable
future. 

Results for the year and dividends

There was no activity in the Company in the year to 31 March 2023 (2022: profit of £20,393).
 
The Directors do not recommend the payment of a dividend for the year ended 31 March 2023 (2022: £Nil). 

Change of immediate parent company

On 21 September 2023, the previous immediate parent company Development Securities (HDD) Limited sold 100% of the share capital of the Company to Land Securities SPV’s Limited.  

Going concern

The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company Land Securities Group PLC. The directors have received confirmation that Land Securities Group PLC intends to support the Company for at least one year after these financial statements are approved and signed.

Directors


The Directors who served during the year and up to the date of this report unless otherwise stated were:

R Upton (resigned 30 April 2022)
M R Potter (resigned 30 June 2023)
G M Richardson (appointed 17 June 2021)
U and I Director 1 Limited (appointed 5 October 2022)
U and I Director 2 Limited (appointed 5 October 2022)
 
Indemnity

The Company has made qualifying third party indemnity provisions for the benefit of the respective directors which were in place throughout the year and which remain in place at the date of this report. 

Small companies exemption

The Directors' Report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Page 1

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED  31 MARCH 2023

This report was approved by the board and signed on its behalf.
 







L McCaveny, for and on behalf of U and I Company Secretaries Limited
Company secretary

Date: 7 February 2024

Page 2

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2023

2023
2022
Notes
£
£

  

Turnover
 3 
-
242,000

Cost of sales
 4 
-
(221,607)

Gross result/profit
  
-
20,393

Operating result/profit
  
-
20,393

Tax on result/profit
 5 
-
-

Result/Profit and total comprehensive income for the financial year
  
-
20,393

  

There were no recognised gains and losses for the year ended 31 March 2023 or for the year ended 31 March 2022 other than those included in the Statement of Comprehensive Income.

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
EPD BUCKSHAW VILLAGE LIMITED
REGISTERED NUMBER:06287487

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Notes
£
£

  

  

Current liabilities
  

Amounts owed to Group undertakings
 7 
(1,648,467)
(1,648,467)

Net current liabilities
  
 
 
(1,648,467)
 
 
(1,648,467)

Total assets less current liabilities
  
(1,648,467)
(1,648,467)

  

Net liabilities
  
(1,648,467)
(1,648,467)


Capital and reserves
  

Share capital
 8 
101
101

Accumulated losses
  
(1,648,568)
(1,648,568)

Total deficit
  
(1,648,467)
(1,648,467)


For the year ended 31 March 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 were approved and authorised for issue by the board and were signed on its behalf by: 






C Lund, for and on behalf of U and I Director 2 Limited
Director

Date: 7 February 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2023

1.


General information

EPD Buckshaw Village Limited (the "Company") is a private limited company and is incorporated, domiciled and registered in England and Wales (Registered nuimber: 06287487). The address of its registered office is 100 Victoria Street, London, SW1E 5JL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared on a going concern basis and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland ('FRS102') and the Companies Act 2006. The financial statements are prepared under the historical cost convention.
The accounting policies which follow set out those policies which apply in preparing the financial statements for the year ended 31 March 2023. The financial statements are prepared in Pounds Sterling (£) and rounded to the nearest £.

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information and the results of the Company are included in the consolidated financial statements of Land Securities Group PLC in which the entity is consolidated.

  
2.3

Going concern

The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company Land Securities Group PLC. The directors have received confirmation that Land Securities Group PLC intends to support the Company for at least one year after these financial statements are approved and signed.

  
2.4

Turnover

Sale of stock properties are recorded once an irrevocable sale contract has been entered into,
provided that the sale has been legally completed by the date on which the relevant financial
statements are approved by the Directors.

  
2.5

Cost of sales

Cost of sales is determined by applying the disposal value of the residential units as a proportion of
the target disposal value of the entire scheme to the total estimated final development cost and is
recognised in the statement of comprehensive income upon sale.

Page 5

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2023

2.Accounting policies (continued)

  
2.6

Income taxation

Income tax on the profit or loss for the year comprises current and deferred tax. Current tax is the tax payable on the taxable income for the year and any adjustment in respect of previous years. Deferred tax is provided in full using the Balance Sheet liability method on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is determined using tax rates that have been enacted or substantively enacted by the reporting date and are expected to apply when the asset is realised, or the liability is settled.
No provision is made for temporary differences (i) arising on the initial recognition of assets or liabilities, other than on a business combination, that affect neither accounting nor taxable profit and (ii) relating to investments in subsidiaries to the extent that they will not reverse in the foreseeable future.

  
2.7

Share capital

Ordinary shares are classified as equity.

  
2.8

Amounts owed to Group undertakings

Amounts owed to Group undertakings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, amounts owed to Group undertakings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the Statement of Comprehensive Income over the period of the loan, using the effective interest method.

  
2.9

Changes in accounting policies and standards

The accounting policies used in these financial statements have been amended where relevant to reflect the adoption of new standards, amendments and interpretations which became effective in the year. There have been no new accounting standards, amendments or interpretations during the year that have a material impact on the financial statements of the Company.


3.


Turnover

An analysis of turnover by class of business is as follows:


2023
2022
£
£

Sales proceeds
-
242,000

-
242,000



4.


Cost of sales

Cost of sales in the prior year of £212,002 consists of the disposal cost of all remaining stocks along with related disposal fees. 

Page 6

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2023

5.


Taxation


2023
2022
£
£



Total current tax
-
-

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
-
-

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2022 - lower than) the standard rate of corporation tax in the UK of 19% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit before tax
-
20,393


Profit on ordinary activities multiplied by standard rate of corporation tax
-
3,875

Effects of:


Group relief claimed for nil consideration
-
(3,875)

Total tax charge for the year
-
-




6.


Stocks

2023
2022
£
£



At 1 April
-
200,000

Addition
-
-

Disposal
-
(200,000)

Write down
-
-

At 31 March
-
-

Page 7

 
EPD BUCKSHAW VILLAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2023

7.


Amounts owed to Group undertakings

2023
2022
£
£

Amounts owed to group undertakings
1,648,467
1,648,467

1,648,467
1,648,467


The unsecured amounts owed to Group undertakings are interest free, unsecured, repayable on demand and with no fixed repayment date.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary Class A shares of £1.00 each
100
100
1 (2022 - 1) Ordinary Class B share of £1.00
1
1

101

101

‘A’ class shares entitle the holder to one vote per share held, whilst ‘B’ class shares do not entitle voting rights. Both classes of share entitle the holder to the right to receive dividends as declared by the company. Upon winding up, the assets of the company available for distribution among the members shall be applied first in paying to the ‘A’ and ‘B’ shareholders a sum equal to the nominal amount of each share held by them and secondly the balance of such assets (if any) shall be distributed pro rata amongst shareholders holding ‘A’ shares based upon the number of ‘A’ shares held.



9.


Controlling party

The immediate parent company is Land Securities SPV's Limited. 
The ultimate parent company and controlling party at 31 March 2023 was Land Securities Group PLC, which is registered in England and Wales.
Consolidated financial statements for the year ended 31 March 2023 for Land Securities Group PLC can be obtained from the Company Secretary at the registered office of the ultimate parent company, 100 Victoria Street, London, SW1E 5JL and from the Group website at www.landsec.com. This is the largest and smallest Group to include these accounts in its consolidated financial statements.

Page 8