Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08777418 2022-04-01 2023-03-31 08777418 2021-04-01 2022-03-31 08777418 2023-03-31 08777418 2022-03-31 08777418 c:Director2 2022-04-01 2023-03-31 08777418 d:PlantMachinery 2022-04-01 2023-03-31 08777418 d:PlantMachinery 2023-03-31 08777418 d:PlantMachinery 2022-03-31 08777418 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08777418 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 08777418 d:FreeholdInvestmentProperty 2023-03-31 08777418 d:FreeholdInvestmentProperty 2022-03-31 08777418 d:CurrentFinancialInstruments 2023-03-31 08777418 d:CurrentFinancialInstruments 2022-03-31 08777418 d:Non-currentFinancialInstruments 2023-03-31 08777418 d:Non-currentFinancialInstruments 2022-03-31 08777418 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08777418 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08777418 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08777418 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08777418 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08777418 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 08777418 d:ShareCapital 2023-03-31 08777418 d:ShareCapital 2022-03-31 08777418 d:RetainedEarningsAccumulatedLosses 2023-03-31 08777418 d:RetainedEarningsAccumulatedLosses 2022-03-31 08777418 c:FRS102 2022-04-01 2023-03-31 08777418 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08777418 c:FullAccounts 2022-04-01 2023-03-31 08777418 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08777418 2 2022-04-01 2023-03-31 08777418 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08777418









ELMDON REAL ESTATE COLLECTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ELMDON REAL ESTATE COLLECTIONS LTD
REGISTERED NUMBER: 08777418

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,252
1,784

Investment property
 5 
855,773
2,070,673

  
857,025
2,072,457

Current assets
  

Stocks
  
335,540
-

Debtors: amounts falling due within one year
 7 
1,003,247
1,037,513

Cash at bank and in hand
 8 
460,677
219,727

  
1,799,464
1,257,240

Creditors: amounts falling due within one year
 9 
(481,445)
(851,163)

Net current assets
  
 
 
1,318,019
 
 
406,077

Total assets less current liabilities
  
2,175,044
2,478,534

Creditors: amounts falling due after more than one year
 10 
(885,898)
(905,789)

  

Net assets
  
1,289,146
1,572,745


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,289,144
1,572,743

  
1,289,146
1,572,745


Page 1

 
ELMDON REAL ESTATE COLLECTIONS LTD
REGISTERED NUMBER: 08777418
    
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 L Davies
Director

Date: 26 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Elmdon Real Estate Collections Limited is a private company limited by shares incorporated in England and Wales. The registered office is Permanent House, 133 Hammersmith Road, London, W14 0QL.
The financial statements are presented in Sterling, which is the functional currency of the company.

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:

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

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line

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

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
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.


3.


Employees




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

Page 5

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
2,653



At 31 March 2023

2,653



Depreciation


At 1 April 2022
870


Charge for the year on owned assets
531



At 31 March 2023

1,401



Net book value



At 31 March 2023
1,252



At 31 March 2022
1,784

Page 6

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
2,070,673


Additions at cost
146,083


Disposals
(1,360,983)



At 31 March 2023
855,773

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
623,690
1,808,866

623,690
1,808,866


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
335,540
-

335,540
-



7.


Debtors

2023
2022
£
£


Trade debtors
2,307
-

Other debtors
1,000,940
1,037,513

1,003,247
1,037,513


Page 7

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
460,677
219,727

460,677
219,727



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
22,015
19,182

Trade creditors
42,606
13,812

Corporation tax
43,066
13,347

Other taxation and social security
216,052
-

Other creditors
139,706
785,868

Accruals and deferred income
18,000
18,954

481,445
851,163



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
354,578
386,241

Other creditors
531,320
519,548

885,898
905,789


Page 8

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
22,015
19,182


22,015
19,182

Amounts falling due in more than one year

Bank loans
354,578
386,241


354,578
386,241



376,593
405,423



12.


Related party transactions




Amounts due to related parties

2023
2022
£
£



Key management personnel
111,399
731,399

Other related parties
14,215
15,894

125,614
747,293

Page 9

 
ELMDON REAL ESTATE COLLECTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


The following amounts were outstanding at the reporting end date:


2023
2022
£
£

Amounts due from related parties


Other related parties
797,915
854,882

797,915
854,882

 
Page 10