Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31false3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-01No description of principal activity3truetrue 04240402 2022-09-01 2023-08-31 04240402 2021-09-01 2022-08-31 04240402 2023-08-31 04240402 2022-08-31 04240402 2021-09-01 04240402 c:Director1 2022-09-01 2023-08-31 04240402 d:PlantMachinery 2022-09-01 2023-08-31 04240402 d:PlantMachinery 2023-08-31 04240402 d:PlantMachinery 2022-08-31 04240402 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04240402 d:MotorVehicles 2022-09-01 2023-08-31 04240402 d:MotorVehicles 2023-08-31 04240402 d:MotorVehicles 2022-08-31 04240402 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04240402 d:FurnitureFittings 2022-09-01 2023-08-31 04240402 d:FurnitureFittings 2023-08-31 04240402 d:FurnitureFittings 2022-08-31 04240402 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04240402 d:OfficeEquipment 2022-09-01 2023-08-31 04240402 d:OfficeEquipment 2023-08-31 04240402 d:OfficeEquipment 2022-08-31 04240402 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04240402 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04240402 d:FreeholdInvestmentProperty 2022-09-01 2023-08-31 04240402 d:FreeholdInvestmentProperty 2023-08-31 04240402 d:FreeholdInvestmentProperty 2022-08-31 04240402 d:FreeholdInvestmentProperty 2 2022-09-01 2023-08-31 04240402 d:CurrentFinancialInstruments 2023-08-31 04240402 d:CurrentFinancialInstruments 2022-08-31 04240402 d:Non-currentFinancialInstruments 2023-08-31 04240402 d:Non-currentFinancialInstruments 2022-08-31 04240402 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04240402 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04240402 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04240402 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 04240402 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 04240402 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 04240402 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 04240402 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 04240402 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 04240402 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-08-31 04240402 d:ShareCapital 2022-09-01 2023-08-31 04240402 d:ShareCapital 2023-08-31 04240402 d:ShareCapital 2021-09-01 2022-08-31 04240402 d:ShareCapital 2022-08-31 04240402 d:ShareCapital 2021-09-01 04240402 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 04240402 d:RetainedEarningsAccumulatedLosses 2023-08-31 04240402 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 04240402 d:RetainedEarningsAccumulatedLosses 2022-08-31 04240402 d:RetainedEarningsAccumulatedLosses 2021-09-01 04240402 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 04240402 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-08-31 04240402 c:FRS102 2022-09-01 2023-08-31 04240402 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04240402 c:FullAccounts 2022-09-01 2023-08-31 04240402 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04240402 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 04240402 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 04240402 2 2022-09-01 2023-08-31 xbrli:pure iso4217:GBP

Registered number: 04240402









C.A.S. ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
C.A.S. ESTATES LIMITED
REGISTERED NUMBER: 04240402

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,822
1,959

Investment property
 5 
1,241,481
1,878,989

  
1,252,303
1,880,948

Current assets
  

Stocks
 6 
5,965
6,884

Debtors: amounts falling due within one year
 7 
808,473
1,084,951

Cash at bank and in hand
 8 
267,753
219,943

  
1,082,191
1,311,778

Creditors: amounts falling due within one year
 9 
(499,807)
(1,042,882)

Net current assets
  
 
 
582,384
 
 
268,896

Total assets less current liabilities
  
1,834,687
2,149,844

Creditors: amounts falling due after more than one year
 10 
(61,933)
(450,016)

Provisions for liabilities
  

Deferred tax
 13 
(2,706)
(392)

  
 
 
(2,706)
 
 
(392)

Net assets
  
1,770,048
1,699,436


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,769,848
1,699,236

  
1,770,048
1,699,436


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
C.A.S. ESTATES LIMITED
REGISTERED NUMBER: 04240402
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023


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: 




S Bennett
Director

Date: 26 March 2024

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 

 
C.A.S. ESTATES LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 September 2021
200
1,839,085
1,839,285



Comprehensive income for the year


Loss for the year

-
(139,849)
(139,849)

Total comprehensive income for the year
-
(139,849)
(139,849)



Total transactions with owners
-
-
-





At 1 September 2022
200
1,699,236
1,699,436



Comprehensive income for the year


Profit for the year

-
70,612
70,612



Other comprehensive income for the year
-
-
-



Total comprehensive income for the year
-
70,612
70,612



Total transactions with owners
-
-
-



At 31 August 2023
200
1,769,848
1,770,048



Page 3

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

C.A,S. Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cambidge Warehouse, Argoed Lane, Kinnerley, Oswestry, Shropshire SY10 8DH.

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 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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Rendering of services

Turnover 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 turnover 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.

Page 4

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
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.

 
2.6

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 balance sheet 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 Balance Sheet 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 balance sheet date.

 
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.

Page 5

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
on reducing balance
Motor vehicles
-
25%
on reducing balance
Fixtures and fittings
-
20%
on reducing balance
Office equipment
-
33%
on 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

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.

 
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.

Page 6

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
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

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 Balance Sheet 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 Balance Sheet.

 
2.14

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows 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, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Page 7

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
3
3


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2022
8,278
20,844
4,220
979
34,321


Additions
-
11,500
-
-
11,500



At 31 August 2023

8,278
32,344
4,220
979
45,821



Depreciation


At 1 September 2022
7,986
19,342
4,055
979
32,362


Charge for the year on owned assets
73
2,531
33
-
2,637



At 31 August 2023

8,059
21,873
4,088
979
34,999



Net book value



At 31 August 2023
219
10,471
132
-
10,822



At 31 August 2022
292
1,502
165
-
1,959

Page 8

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2022
1,878,989


Disposals
(310,929)


Surplus on revaluation
(326,579)



At 31 August 2023
1,241,481

The 2023 valuations were made by Mr C Shaw, who is also a director of the company, 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
1,745,736
2,275,875

1,745,736
2,275,875


6.


Stocks

2023
2022
£
£

Long-term contract balances
5,965
6,884

5,965
6,884


Long term contract balances consist of:

2023
2022
£
£


Costs to date less provision for losses
5,965
6,884

5,965
6,884



7.


Debtors

2023
2022
Page 9

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.Debtors (continued)

£
£


Trade debtors
199,536
148,164

Amounts owed by joint ventures and associated undertakings
243,691
138,503

Other debtors
365,246
798,284

808,473
1,084,951



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
267,753
219,943

267,753
219,943



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
159,526
522,307

Trade creditors
57,962
66,258

Amounts owed to group undertakings
10,054
10,330

Corporation tax
47,196
46,173

Other taxation and social security
-
564

Other creditors
225,069
397,250

499,807
1,042,882


Page 10

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
61,933
450,016

61,933
450,016


The following liabilities were secured:




Details of security provided:

At 31 August 2023 the company had bank loans of £221,459 (2022: £972,323) secured on the investment property owned by the company.


11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
159,526
522,307


159,526
522,307

Amounts falling due 1-2 years

Bank loans
53,600
83,400


53,600
83,400

Amounts falling due 2-5 years

Bank loans
8,333
238,533


8,333
238,533

Amounts falling due after more than 5 years

Bank loans
-
128,083

-
128,083

221,459
972,323


Page 11

 
C.A.S. ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

12.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
267,753
219,943




Financial assets measured at fair value through profit or loss comprise various bank accounts held by the company.


13.


Deferred taxation




2023
2022


£

£






At beginning of year
(392)
(494)


Charged to the profit or loss
(2,314)
-


Utilised in year
-
102



At end of year
(2,706)
(392)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,706)
(392)

(2,706)
(392)


14.


Controlling party

The controlling entity of the company is Murivance Holdings Limited, a company incorporated in England and Wales.

Page 12