Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01truefalseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12273619 2022-06-01 2023-05-31 12273619 2021-11-01 2022-05-31 12273619 2023-05-31 12273619 2022-05-31 12273619 c:Director2 2022-06-01 2023-05-31 12273619 d:CurrentFinancialInstruments 2023-05-31 12273619 d:CurrentFinancialInstruments 2022-05-31 12273619 d:Non-currentFinancialInstruments 2023-05-31 12273619 d:Non-currentFinancialInstruments 2022-05-31 12273619 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12273619 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12273619 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12273619 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12273619 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 12273619 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 12273619 d:ShareCapital 2023-05-31 12273619 d:ShareCapital 2022-05-31 12273619 d:RevaluationReserve 2023-05-31 12273619 d:RevaluationReserve 2022-05-31 12273619 d:RetainedEarningsAccumulatedLosses 2023-05-31 12273619 d:RetainedEarningsAccumulatedLosses 2022-05-31 12273619 d:OtherDeferredTax 2023-05-31 12273619 d:OtherDeferredTax 2022-05-31 12273619 c:OrdinaryShareClass1 2022-06-01 2023-05-31 12273619 c:OrdinaryShareClass1 2023-05-31 12273619 c:OrdinaryShareClass1 2022-05-31 12273619 c:FRS102 2022-06-01 2023-05-31 12273619 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12273619 c:FullAccounts 2022-06-01 2023-05-31 12273619 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12273619 5 2022-06-01 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12273619










ABBEYGLEN (TIDDINGTON) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
ABBEYGLEN (TIDDINGTON) LIMITED
REGISTERED NUMBER: 12273619

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
650,000
465,970

  
650,000
465,970

Current assets
  

Debtors: amounts falling due within one year
 5 
1,885
1,885

Cash at bank and in hand
 6 
210
195

  
2,095
2,080

Creditors: amounts falling due within one year
 7 
(959)
(62,582)

Net current assets/(liabilities)
  
 
 
1,136
 
 
(60,502)

Total assets less current liabilities
  
651,136
405,468

Creditors: amounts falling due after more than one year
 8 
(450,570)
(382,183)

Provisions for liabilities
  

Deferred tax
  
(46,007)
-

  
 
 
(46,007)
 
 
-

Net assets
  
154,559
23,285


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
  
184,030
-

Profit and loss account
  
(29,571)
23,185

  
154,559
23,285


Page 1

 
ABBEYGLEN (TIDDINGTON) LIMITED
REGISTERED NUMBER: 12273619
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 on 2 February 2024.






D A Stranks
Director

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

Page 2

 
ABBEYGLEN (TIDDINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Abbeyglen (Tiddington) Limited is a company domiciled in England and Wales, registration number 12273619. The Registered Office address is Suite 7, Rectory House, Thame Road, Haddenham, Buckinghamshire, HP17 8DA.

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:

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.

 
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.

 
2.4

Borrowing costs

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

Page 3

 
ABBEYGLEN (TIDDINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

Page 4

 
ABBEYGLEN (TIDDINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 June 2022
465,970


Revaluations
184,030



At 31 May 2023
650,000




Page 5

 
ABBEYGLEN (TIDDINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,785
1,785

Called up share capital not paid
100
100

1,885
1,885



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
210
195

210
195



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
7,223

Accruals and deferred income
959
55,359

959
62,582



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loans
263,900
263,900

Other creditors
186,670
118,283

450,570
382,183


Page 6

 
ABBEYGLEN (TIDDINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
263,900
263,900

263,900
263,900

263,900
263,900



10.


Deferred taxation




2023


£






Charged to profit or loss
(46,007)



At end of year
(46,007)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Revaluation of investment property
(46,007)
-

(46,007)
-


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7