Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseHolding company11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06317844 2022-07-01 2023-06-30 06317844 2021-07-01 2022-06-30 06317844 2023-06-30 06317844 2022-06-30 06317844 c:Director1 2022-07-01 2023-06-30 06317844 d:FurnitureFittings 2022-07-01 2023-06-30 06317844 d:FurnitureFittings 2023-06-30 06317844 d:FurnitureFittings 2022-06-30 06317844 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06317844 d:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 06317844 d:OtherPropertyPlantEquipment 2023-06-30 06317844 d:OtherPropertyPlantEquipment 2022-06-30 06317844 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06317844 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06317844 d:FreeholdInvestmentProperty 2023-06-30 06317844 d:FreeholdInvestmentProperty 2022-06-30 06317844 d:CurrentFinancialInstruments 2023-06-30 06317844 d:CurrentFinancialInstruments 2022-06-30 06317844 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06317844 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06317844 d:ShareCapital 2023-06-30 06317844 d:ShareCapital 2022-06-30 06317844 d:RevaluationReserve 2022-07-01 2023-06-30 06317844 d:RevaluationReserve 2023-06-30 06317844 d:RevaluationReserve 2022-06-30 06317844 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 06317844 d:RetainedEarningsAccumulatedLosses 2023-06-30 06317844 d:RetainedEarningsAccumulatedLosses 2022-06-30 06317844 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06317844 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 06317844 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 06317844 d:TaxLossesCarry-forwardsDeferredTax 2022-06-30 06317844 c:OrdinaryShareClass1 2022-07-01 2023-06-30 06317844 c:OrdinaryShareClass1 2023-06-30 06317844 c:OrdinaryShareClass1 2022-06-30 06317844 c:FRS102 2022-07-01 2023-06-30 06317844 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 06317844 c:FullAccounts 2022-07-01 2023-06-30 06317844 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06317844










GREENLANDS ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
GREENLANDS ESTATES LIMITED
REGISTERED NUMBER: 06317844

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
17,376
20,411

Investment property
 6 
300,000
300,000

  
317,376
320,411

Current assets
  

Debtors: amounts falling due within one year
 7 
5,158
3,153

Cash at bank and in hand
 8 
4,130
791

  
9,288
3,944

Creditors: amounts falling due within one year
 9 
(301,562)
(311,504)

Net current liabilities
  
 
 
(292,274)
 
 
(307,560)

Total assets less current liabilities
  
25,102
12,851

  

Net assets
  
25,102
12,851


Capital and reserves
  

Called up share capital 
 11 
1
1

Revaluation reserve
 12 
33,590
33,590

Profit and loss account
 12 
(8,489)
(20,740)

  
25,102
12,851


Page 1

 
GREENLANDS ESTATES LIMITED
REGISTERED NUMBER: 06317844
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 comprehensive income 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 1 March 2024.




J R Williams
Director

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

Page 2

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Greenlands Estates Limited, 06317844, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Unit 1, Cefn Llan Science Park, Aberystwyth, Ceredigion, SY23 3AH.
The principal activity is that of property holding and rental.

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

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.

Page 3

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15-25% Reducing balance
Other fixed assets
-
Not Depreciated

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.

The other fixed asset is not depreciated and the director does not believe the asset will diminish in value.

Page 4

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 5

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year


4.


Employees

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


5.


Tangible fixed assets





Fixtures and fittings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 July 2022
50,826
3,500
54,326



At 30 June 2023

50,826
3,500
54,326



Depreciation


At 1 July 2022
33,915
-
33,915


Charge for the year on owned assets
3,035
-
3,035



At 30 June 2023

36,950
-
36,950



Net book value



At 30 June 2023
13,876
3,500
17,376



At 30 June 2022
16,911
3,500
20,411

Page 6

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
300,000



At 30 June 2023
300,000

The 2023 valuations were made by J R Williams, on an open market value for existing use basis.





7.


Debtors

2023
2022
£
£


Other debtors
3,260
3,152

Called up share capital not paid
1
1

Deferred taxation
1,897
-

5,158
3,153



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,130
791

4,130
791


Page 7

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
311
249

Other creditors
299,836
309,835

Accruals and deferred income
1,415
1,420

301,562
311,504



10.


Deferred taxation




2023


£






Charged to profit or loss
1,897



At end of year
1,897

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,636)
-

Tax losses carried forward
4,533
-

1,897
-


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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


Page 8

 
GREENLANDS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


Reserves

Revaluation reserve

The investment property revaluation reserve is the surplus to market valuation at the balance sheet date compared with historic cost.

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.

 
Page 9