Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04869903 2022-09-01 2023-08-31 04869903 2021-09-01 2022-08-31 04869903 2023-08-31 04869903 2022-08-31 04869903 c:Director1 2022-09-01 2023-08-31 04869903 d:FurnitureFittings 2022-09-01 2023-08-31 04869903 d:FurnitureFittings 2023-08-31 04869903 d:FurnitureFittings 2022-08-31 04869903 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04869903 d:CurrentFinancialInstruments 2023-08-31 04869903 d:CurrentFinancialInstruments 2022-08-31 04869903 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04869903 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04869903 d:ShareCapital 2023-08-31 04869903 d:ShareCapital 2022-08-31 04869903 d:RetainedEarningsAccumulatedLosses 2023-08-31 04869903 d:RetainedEarningsAccumulatedLosses 2022-08-31 04869903 c:FRS102 2022-09-01 2023-08-31 04869903 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04869903 c:FullAccounts 2022-09-01 2023-08-31 04869903 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04869903 3 2023-08-31 04869903 3 2022-08-31 04869903 f:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 04869903










ANN GRAFTON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
ANN GRAFTON LIMITED
REGISTERED NUMBER: 04869903

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,659
4,254

Investments
 5 
508,209
508,209

  
510,868
512,463

Current assets
  

Debtors: amounts falling due within one year
 6 
2,256
1,353

Cash at bank and in hand
  
25,373
47,700

  
27,629
49,053

Creditors: amounts falling due within one year
 7 
(499,697)
(528,256)

Net current liabilities
  
 
 
(472,068)
 
 
(479,203)

Total assets less current liabilities
  
38,800
33,260

Provisions for liabilities
  

Deferred tax
  
(505)
(808)

  
 
 
(505)
 
 
(808)

Net assets
  
38,295
32,452


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
38,195
32,352

  
38,295
32,452


Page 1

 
ANN GRAFTON LIMITED
REGISTERED NUMBER: 04869903
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 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: 




A Grafton
Director

Date: 1 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ANN GRAFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Ann Grafton Limited (04869903) is a privately owned company limited by shares and incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
ANN GRAFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
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

 
ANN GRAFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and every five years 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 the Statement of income and retained earnings.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 reporting 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 Statement of financial position.

Page 5

 
ANN GRAFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

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


4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 September 2022
9,516



At 31 August 2023

9,516



Depreciation


At 1 September 2022
5,262


Charge for the year on owned assets
1,595



At 31 August 2023

6,857



Net book value



At 31 August 2023
2,659



At 31 August 2022
4,254

Page 6

 
ANN GRAFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Fixed asset investments





Property

£



Cost or valuation


At 1 September 2022
508,209



At 31 August 2023
508,209






Net book value



At 31 August 2023
508,209



At 31 August 2022
508,209

The investment property is valued at fair value as determined by the directors.

Page 7

 
ANN GRAFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Debtors

2023
2022
£
£


Trade debtors
2,256
1,353

2,256
1,353



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,372
1,740

Corporation tax
3,634
1,960

Other creditors
492,191
522,056

Accruals and deferred income
2,500
2,500

499,697
528,256


 
Page 8