Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-01property development and investment1false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 3915816 2022-08-01 2023-07-31 3915816 2021-08-01 2022-07-31 3915816 2023-07-31 3915816 2022-07-31 3915816 c:Director1 2022-08-01 2023-07-31 3915816 d:CurrentFinancialInstruments 2023-07-31 3915816 d:CurrentFinancialInstruments 2022-07-31 3915816 d:Non-currentFinancialInstruments 2023-07-31 3915816 d:Non-currentFinancialInstruments 2022-07-31 3915816 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 3915816 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 3915816 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 3915816 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 3915816 d:ShareCapital 2023-07-31 3915816 d:ShareCapital 2022-07-31 3915816 d:RetainedEarningsAccumulatedLosses 2023-07-31 3915816 d:RetainedEarningsAccumulatedLosses 2022-07-31 3915816 c:FRS102 2022-08-01 2023-07-31 3915816 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 3915816 c:FullAccounts 2022-08-01 2023-07-31 3915816 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 3915816





 
Longhunt Estates Limited          
 
Financial statements          

for the year ended 31 July 2023          

 
Longhunt Estates Limited
Registered number:3915816

Balance sheet
as at 31 July 2023


2023

2022
                                                                              Note
£
£
£
£

  

Current assets
  

Stock
 4 
22,077
22,077

Debtors
 7 
120,000
-

Cash at bank and in hand
 5 
23,542
154,568

  
165,619
176,645

Creditors: amounts falling due within one year
 6 
(11,977)
(11,665)

Net current assets
  
 
 
153,642
 
 
164,980

Creditors: amounts falling due after more than one year
 8 
(18,421)
(28,223)

  

Net assets
  
135,221
136,757


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
135,121
136,657

  
135,221
136,757


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 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 4 April 2024.





Mr T Thompson
Director


The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2023

1.


General information

Longhunt Estates Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is The Priory, Coldarbour Farm, Grange Green, Tilty Dunmow, Essex, CM6 2EH.

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

Stock

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. 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.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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 2

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Borrowing costs

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

 
2.10

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.


3.


Employees

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


4.


Stock

2023
2022
£
£

Raw materials and consumables
22,077
22,077



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,542
154,568


Page 3

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,543
10,831

Other creditors
234
234

Accruals and deferred income
1,200
600

11,977
11,665



7.


Debtors

2023
2022
£
£


Other debtors
120,000
-





8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,421
28,223


Page 4

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,542
10,830

Amounts falling due 1-2 years

Bank loans
10,254
10,424

Amounts falling due 2-5 years

Bank loans
8,167
17,799


28,963
39,053


The loan is unsecured and is payable in instalments over 5 years at a fixed interest rate of 2.5%.

 
Page 5