Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3002022-05-01falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11456891 2022-05-01 2023-04-30 11456891 2021-05-01 2022-04-30 11456891 2023-04-30 11456891 2022-04-30 11456891 c:Director1 2022-05-01 2023-04-30 11456891 d:MotorVehicles 2022-05-01 2023-04-30 11456891 d:MotorVehicles 2023-04-30 11456891 d:MotorVehicles 2022-04-30 11456891 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11456891 d:FurnitureFittings 2022-05-01 2023-04-30 11456891 d:FurnitureFittings 2023-04-30 11456891 d:FurnitureFittings 2022-04-30 11456891 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11456891 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11456891 d:FreeholdInvestmentProperty 2022-05-01 2023-04-30 11456891 d:FreeholdInvestmentProperty 2023-04-30 11456891 d:FreeholdInvestmentProperty 2022-04-30 11456891 d:FreeholdInvestmentProperty 2 2022-05-01 2023-04-30 11456891 d:CurrentFinancialInstruments 2023-04-30 11456891 d:CurrentFinancialInstruments 2022-04-30 11456891 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11456891 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 11456891 d:ShareCapital 2023-04-30 11456891 d:ShareCapital 2022-04-30 11456891 d:RetainedEarningsAccumulatedLosses 2023-04-30 11456891 d:RetainedEarningsAccumulatedLosses 2022-04-30 11456891 c:OrdinaryShareClass1 2022-05-01 2023-04-30 11456891 c:OrdinaryShareClass1 2023-04-30 11456891 c:OrdinaryShareClass1 2022-04-30 11456891 c:FRS102 2022-05-01 2023-04-30 11456891 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11456891 c:FullAccounts 2022-05-01 2023-04-30 11456891 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11456891 2 2022-05-01 2023-04-30 11456891 6 2022-05-01 2023-04-30 11456891 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11456891 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 11456891 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 11456891 d:TaxLossesCarry-forwardsDeferredTax 2022-04-30 11456891 d:OtherDeferredTax 2023-04-30 11456891 d:OtherDeferredTax 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11456891









RECTORY MILL (INVESTMENTS) LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
RECTORY MILL (INVESTMENTS) LIMITED
REGISTERED NUMBER: 11456891

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,362
130

Investments
  
-
1

Investment property
 5 
1,038,972
886,984

  
1,089,334
887,115

Current assets
  

Debtors: amounts falling due within one year
 6 
76,386
65,749

Cash at bank and in hand
 7 
398,484
536,838

  
474,870
602,587

Creditors: amounts falling due within one year
 8 
(19,952)
(15,197)

Net current assets
  
 
 
454,918
 
 
587,390

Total assets less current liabilities
  
1,544,252
1,474,505

Provisions for liabilities
  

Deferred tax
 9 
(59,190)
(41,753)

  
 
 
(59,190)
 
 
(41,753)

Net assets
  
1,485,062
1,432,752


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
1,485,061
1,432,751

  
1,485,062
1,432,752


Page 1

 
RECTORY MILL (INVESTMENTS) LIMITED
REGISTERED NUMBER: 11456891

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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 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: 



Mr R Ansell
Director

Date: 18 January 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

1.


General information

Rectory Mill (Investments) Limited is a private company, limited by shares. It is incorporated in England and Wales with registration number 11456891. The registered office and trading address is Causeway House, Dane Street, Bishop's Stortford, England, CM23 3BT.

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 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:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operation for the foreseeable future, being a period of at least twelve months from the date of approval of the financial statements. The Director is comfortable that this basis is appropriate and that the business can continue to meet creditors as they fall due.

 
2.3

Turnover

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. 
Turnover represents rental income receivable during the year from investment properties.
Rental income from investment properties is accrued on a time apportioned basis under the term of the lease.

 
2.4

Interest income

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

Page 3

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
35%
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.

Page 4

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the Director 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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees during the year was 0 (2022 - 0).

Page 5

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2022
-
1,949
1,949


Additions
54,940
-
54,940



At 30 April 2023

54,940
1,949
56,889



Depreciation


At 1 May 2022
-
1,819
1,819


Charge for the year on owned assets
4,578
130
4,708



At 30 April 2023

4,578
1,949
6,527



Net book value



At 30 April 2023
50,362
-
50,362



At 30 April 2022
-
130
130

Page 6

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2022
886,984


Additions at cost
129,333


Surplus on revaluation
22,655



At 30 April 2023
1,038,972

The 2023 valuations were made by the Director, on an open market value for existing use basis. The surplus on revaluation of £22,655 (2022: £Nil) in the year has been charged through the profit and loss.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£




Historical costs
849,435
720,102




6.


Debtors

2023
2022
£
£


Other debtors
67,473
65,094

Prepayments and accrued income
8,913
655

76,386
65,749



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
398,484
536,838

398,484
536,838


Page 7

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
8,456

Other creditors
8,560
1

Accruals and deferred income
11,392
6,740

19,952
15,197



9.


Deferred taxation




2023


£






At beginning of year
(41,753)


Charged to profit or loss
(17,437)



At end of year
(59,190)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(12,591)
(33)

Tax losses carried forward
785
-

Fair value uplift
(47,384)
(41,720)

(59,190)
(41,753)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1





11.


Capital commitments

At 30 April 2023 the Company had capital commitments of £106,712 (2022 - £Nil).

Page 8

 
RECTORY MILL (INVESTMENTS) LIMITED
 

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

12.


Director's Loan Account

During the year the company operated a loan account with the director. The balance due to him at the
year end was £7,960 (2022 - £1). The loan is interest free and repayable on demand.






Page 9