Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falsefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09040765 2022-06-01 2023-05-31 09040765 2021-06-01 2022-05-31 09040765 2023-05-31 09040765 2022-05-31 09040765 c:Director1 2022-06-01 2023-05-31 09040765 d:FreeholdInvestmentProperty 2023-05-31 09040765 d:FreeholdInvestmentProperty 2022-05-31 09040765 d:CurrentFinancialInstruments 2023-05-31 09040765 d:CurrentFinancialInstruments 2022-05-31 09040765 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09040765 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 09040765 d:ShareCapital 2023-05-31 09040765 d:ShareCapital 2022-05-31 09040765 d:RetainedEarningsAccumulatedLosses 2023-05-31 09040765 d:RetainedEarningsAccumulatedLosses 2022-05-31 09040765 c:FRS102 2022-06-01 2023-05-31 09040765 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09040765 c:AbridgedAccounts 2022-06-01 2023-05-31 09040765 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 09040765







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


CHAPMAN BARLEY LIMITED






































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CHAPMAN BARLEY LIMITED
REGISTERED NUMBER:09040765



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
114,684
114,684

  
114,684
114,684

Current assets
  

Debtors
  
6,041
2,978

  
6,041
2,978

Creditors: amounts falling due within one year
 5 
(71,201)
(73,759)

Net current liabilities
  
 
 
(65,160)
 
 
(70,781)

Total assets less current liabilities
  
49,524
43,903

Net assets
  
49,524
43,903


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
49,424
43,803

  
49,524
43,903


Page 1

 


CHAPMAN BARLEY LIMITED
REGISTERED NUMBER:09040765


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 profit and loss account 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: 




................................................
P S Chapman
Director

Date: 20 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


CHAPMAN BARLEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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:

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.

  
1.3

Revenue recognition

Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates.

 
1.4

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.

 
1.5

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 reporting date in the countries where the Company operates and generates income.

Page 3

 


CHAPMAN BARLEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.Accounting policies (continued)

 
1.6

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.

  
1.7

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


2.


Employees

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


3.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
114,684



At 31 May 2023
114,684

The 2023 valuations were made by the directors, on an open market value for existing use basis.





4.


Debtors

2023
2022
£
£


Other debtors
6,041
2,978

6,041
2,978


Page 4

 


CHAPMAN BARLEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,560
1,128

Other taxation and social security
322
288

Other creditors
68,319
71,343

Accruals and deferred income
1,000
1,000

71,201
73,759



6.


Transactions with directors

At the balance sheet date the company owed £68,319 to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan

 
Page 5