Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-06-01false2true 13419121 2022-06-01 2023-05-31 13419121 2021-05-25 2022-05-31 13419121 2023-05-31 13419121 2022-05-31 13419121 c:Director2 2022-06-01 2023-05-31 13419121 d:CurrentFinancialInstruments 2023-05-31 13419121 d:CurrentFinancialInstruments 2022-05-31 13419121 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13419121 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13419121 d:ShareCapital 2023-05-31 13419121 d:ShareCapital 2022-05-31 13419121 d:SharePremium 2023-05-31 13419121 d:SharePremium 2022-05-31 13419121 d:RetainedEarningsAccumulatedLosses 2023-05-31 13419121 d:RetainedEarningsAccumulatedLosses 2022-05-31 13419121 c:FRS102 2022-06-01 2023-05-31 13419121 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13419121 c:FullAccounts 2022-06-01 2023-05-31 13419121 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 13419121









SMALL ACRES HP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
SMALL ACRES HP LTD
REGISTERED NUMBER: 13419121

BALANCE SHEET
AS AT 31 MAY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Stocks
 4 
77,509
73,309

Debtors: amounts falling due within one year
 5 
551
1

Cash at bank and in hand
 6 
45,266
8,739

  
123,326
82,049

Creditors: amounts falling due within one year
 7 
(105,252)
(2,688)

Net current assets
  
 
 
18,074
 
 
79,361

Total assets less current liabilities
  
18,074
79,361

  

Net assets
  
18,074
79,361


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
99,999
99,999

Profit and loss account
  
(81,927)
(20,640)

Total equity
  
18,074
79,361


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: 




................................................
D Williams
Page 1

 
SMALL ACRES HP LTD
REGISTERED NUMBER: 13419121
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

Director

Date: 23 February 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
SMALL ACRES HP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Small Acres HP Ltd is a private company limited by shares. The company is incorporated in England and Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF.

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

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.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 3

 
SMALL ACRES HP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

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


4.


Stocks

2023
2022
£
£

Property stock
77,509
73,309



5.


Debtors

2023
2022
£
£


Other debtors
551
1



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
45,266
8,739



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
300

Other creditors
100,000
-

Accruals and deferred income
5,252
2,388

105,252
2,688


 
Page 4