Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-04-012No description of principal activity2truetrue 01643392 2022-04-01 2023-03-31 01643392 1 2022-04-01 2023-03-31 01643392 2021-04-01 2022-03-31 01643392 2023-03-31 01643392 2022-03-31 01643392 d:Director1 2022-04-01 2023-03-31 01643392 c:MotorVehicles 2022-04-01 2023-03-31 01643392 c:MotorVehicles 2023-03-31 01643392 c:MotorVehicles 2022-03-31 01643392 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01643392 c:FurnitureFittings 2022-04-01 2023-03-31 01643392 c:FurnitureFittings 2023-03-31 01643392 c:FurnitureFittings 2022-03-31 01643392 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01643392 c:OfficeEquipment 2022-04-01 2023-03-31 01643392 c:OfficeEquipment 2023-03-31 01643392 c:OfficeEquipment 2022-03-31 01643392 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01643392 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01643392 c:CurrentFinancialInstruments 2023-03-31 01643392 c:CurrentFinancialInstruments 2022-03-31 01643392 c:Non-currentFinancialInstruments 2023-03-31 01643392 c:Non-currentFinancialInstruments 2022-03-31 01643392 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 01643392 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 01643392 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 01643392 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 01643392 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 01643392 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-03-31 01643392 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 01643392 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-03-31 01643392 c:ShareCapital 2023-03-31 01643392 c:ShareCapital 2022-03-31 01643392 c:CapitalRedemptionReserve 2022-04-01 2023-03-31 01643392 c:CapitalRedemptionReserve 2023-03-31 01643392 c:CapitalRedemptionReserve 2022-03-31 01643392 c:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01643392 c:RetainedEarningsAccumulatedLosses 2023-03-31 01643392 c:RetainedEarningsAccumulatedLosses 2022-03-31 01643392 d:OrdinaryShareClass1 2022-04-01 2023-03-31 01643392 d:OrdinaryShareClass1 2023-03-31 01643392 d:OrdinaryShareClass1 2022-03-31 01643392 d:FRS102 2022-04-01 2023-03-31 01643392 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01643392 d:FullAccounts 2022-04-01 2023-03-31 01643392 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01643392 2 2022-04-01 2023-03-31 01643392 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01643392


LONDON & SURREY ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
LONDON & SURREY ESTATES LIMITED
REGISTERED NUMBER:01643392

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
83,446
98,591

Investments
 6 
500
500

  
83,946
99,091

Current assets
  

Stocks
 7 
2,499,702
2,499,702

Debtors: amounts falling due within one year
 8 
10,956
25,419

Cash at bank and in hand
 9 
131
244

  
2,510,789
2,525,365

Creditors: amounts falling due within one year
 10 
(248,534)
(198,740)

Net current assets
  
 
 
2,262,255
 
 
2,326,625

Total assets less current liabilities
  
2,346,201
2,425,716

Creditors: amounts falling due after more than one year
 11 
(22,500)
(32,500)

  

Net assets
  
2,323,701
2,393,216


Capital and reserves
  

Called up share capital 
 13 
23,000
23,000

Capital redemption reserve
 14 
33,282
33,282

Profit and loss account
 14 
2,267,419
2,336,934

  
2,323,701
2,393,216


Page 1

 
LONDON & SURREY ESTATES LIMITED
REGISTERED NUMBER:01643392
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 by: 




J Brinsden
Director

Date: 23 February 2024

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

Page 2

 
LONDON & SURREY ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

London & Surrey Estates Limited is a private company, limited by shares, incorporated and registered in England and Wales, registration number 01643392. 
The company's registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The principal activity of the company is development of building projects.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in pounds sterling, the functional currency, rounded to the nearest £1.

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

Going concern

The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.
Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

 
2.3

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

 
LONDON & SURREY ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.7

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 a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
15% reducing balance
Fixtures and fittings
-
10% reducing balance
Office equipment
-
20% 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.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks consists of land and properties held by the company for development. Stock is stated at the lower of cost and net realisable value as at the balance sheet date.

Page 4

 
LONDON & SURREY ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Basic financial instruments are recognised at amortised cost except for investments in non-convertible preference shares and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recorded in profit or loss.


3.


Other income

Other income received during the previous year relates to government grants for the furlough of staff. 


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
LONDON & SURREY ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 April 2022
79,982
64,123
12,735
156,840


Disposals
-
(2,047)
-
(2,047)



At 31 March 2023

79,982
62,076
12,735
154,793



Depreciation


At 1 April 2022
14,546
35,364
8,339
58,249


Charge for the year on owned assets
9,815
2,876
879
13,570


Disposals
-
(472)
-
(472)



At 31 March 2023

24,361
37,768
9,218
71,347



Net book value



At 31 March 2023
55,621
24,308
3,517
83,446



At 31 March 2022
65,436
28,759
4,396
98,591


6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
500



At 31 March 2023
500





7.


Stocks

2023
2022
£
£

Finished goods and goods for resale
2,499,702
2,499,702


Page 6

 
LONDON & SURREY ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Debtors

2023
2022
£
£


Trade debtors
4,617
12,812

Other debtors
89
8,928

Prepayments and accrued income
6,250
3,679

10,956
25,419



9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
131
244

Less: bank overdrafts
(26,121)
(20,816)

(25,990)
(20,572)



10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
26,121
20,816

Bank loans
10,000
10,000

Trade creditors
18,128
23,913

Other taxation and social security
12,157
14,609

Other creditors
122,505
86,582

Accruals and deferred income
59,623
42,820

248,534
198,740


Bank overdrafts of £26,121 (2022: £20,816) are secured against the company's properties via a fixed charge.


11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500


Page 7

 
LONDON & SURREY ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
12,500
22,500


32,500
42,500



13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



23,000 (2022 - 23,000) Ordinary shares of £1.00 each
23,000
23,000



14.


Reserves

Capital redemption reserve

This reserve is a non-distributable reserve and represents paid up share capital.

Profit and loss account

This reserve records all historical profits and losses recognised by the Company net of any tax due and any dividends declared.


15.


Controlling party

In the opinion of the directors, J Brinsden is the ultimate controlling party by virtue of his majority shareholding in the company.

Page 8

 
Page 9