Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30truetrue2022-10-01falsefalseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14331805 2022-09-30 14331805 2022-10-01 2023-09-30 14331805 2021-10-01 2022-09-30 14331805 2023-09-30 14331805 c:Director1 2022-10-01 2023-09-30 14331805 d:CurrentFinancialInstruments 2023-09-30 14331805 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14331805 d:ShareCapital 2023-09-30 14331805 d:RetainedEarningsAccumulatedLosses 2023-09-30 14331805 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 14331805 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 14331805 c:OrdinaryShareClass1 2022-10-01 2023-09-30 14331805 c:OrdinaryShareClass1 2023-09-30 14331805 c:OrdinaryShareClass2 2022-10-01 2023-09-30 14331805 c:OrdinaryShareClass2 2023-09-30 14331805 c:FRS102 2022-10-01 2023-09-30 14331805 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 14331805 c:FullAccounts 2022-10-01 2023-09-30 14331805 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 14331805 2 2022-10-01 2023-09-30 14331805 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14331805










EUTOPIA EXETER 4 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
EUTOPIA EXETER 4 LIMITED
REGISTERED NUMBER: 14331805

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
Note
£

  

Current assets
  

Work in progress
  
2,569,592

Debtors: amounts falling due within one year
 4 
104,097

Cash at bank and in hand
 5 
894,098

  
3,567,787

Creditors: amounts falling due within one year
 6 
(3,569,124)

Net current (liabilities)/assets
  
 
 
(1,337)

Total assets less current liabilities
  
(1,337)

  

Net (liabilities)/assets
  
(1,337)


Capital and reserves
  

Called up share capital 
  
340

Profit and loss account
  
(1,677)

  
(1,337)


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 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 by: 




S Hammond
Director

Date: 8 April 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
EUTOPIA EXETER 4 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.Accounting policies

 
1.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

Interest income

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

Page 2

 
EUTOPIA EXETER 4 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.Accounting policies (continued)

 
1.4

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.

 
1.5

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct costs
and an appropriate proportion of fixed and variable overheads.

 
1.6

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.

 
1.7

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.

 
1.8

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.

Page 3

 
EUTOPIA EXETER 4 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.Accounting policies (continued)

 
1.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
EUTOPIA EXETER 4 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.


General information

Eutopia Exeter 4 Limited is a limited company incorporated in England and Wales. The Company's
registered office is at The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells,
Kent, TN3 8AD. 


3.


Employees




The average monthly number of employees, including directors, during the year was 2.


4.


Debtors

2023
£


Other debtors
103,704

Deferred taxation
393

104,097



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
894,098



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
186,501

Amounts owed to joint ventures
3,382,623

3,569,124


Page 5

 
EUTOPIA EXETER 4 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
894,098




Financial assets measured at fair value through profit or loss comprise cash held.


8.


Deferred taxation



2023


£






Charged to profit or loss
393

The deferred tax asset is made up as follows:

2023
£


Tax losses carried forward
393


9.


Share capital

2023
£
Allotted, called up and fully paid


170 A Ordinary shares of £1.00 each
170
170 B Ordinary shares of £1.00 each
170

340


During the year, 170 A Ordinary shares of £1.00 each and 170 B Ordinary share of £1.00 each were allotted and fully paid at par


Page 6