Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-302023-03-3052022-03-31falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00725074 2022-03-31 2023-03-30 00725074 2021-03-31 2022-03-30 00725074 2023-03-30 00725074 2022-03-30 00725074 c:Director3 2022-03-31 2023-03-30 00725074 d:Buildings 2022-03-31 2023-03-30 00725074 d:Buildings 2023-03-30 00725074 d:Buildings 2022-03-30 00725074 d:Buildings d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 00725074 d:FurnitureFittings 2022-03-31 2023-03-30 00725074 d:FurnitureFittings 2023-03-30 00725074 d:FurnitureFittings 2022-03-30 00725074 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 00725074 d:OtherPropertyPlantEquipment 2022-03-31 2023-03-30 00725074 d:OtherPropertyPlantEquipment 2023-03-30 00725074 d:OtherPropertyPlantEquipment 2022-03-30 00725074 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 00725074 d:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 00725074 d:CurrentFinancialInstruments 2023-03-30 00725074 d:CurrentFinancialInstruments 2022-03-30 00725074 d:Non-currentFinancialInstruments 2023-03-30 00725074 d:Non-currentFinancialInstruments 2022-03-30 00725074 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 00725074 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-30 00725074 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-30 00725074 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-30 00725074 d:ShareCapital 2023-03-30 00725074 d:ShareCapital 2022-03-30 00725074 d:RetainedEarningsAccumulatedLosses 2023-03-30 00725074 d:RetainedEarningsAccumulatedLosses 2022-03-30 00725074 c:FRS102 2022-03-31 2023-03-30 00725074 c:AuditExempt-NoAccountantsReport 2022-03-31 2023-03-30 00725074 c:FullAccounts 2022-03-31 2023-03-30 00725074 c:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 00725074 2 2022-03-31 2023-03-30 00725074 e:PoundSterling 2022-03-31 2023-03-30 iso4217:GBP xbrli:pure

Registered number: 00725074










LULLINGSTONE ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 MARCH 2023

 
LULLINGSTONE ESTATES LIMITED
REGISTERED NUMBER: 00725074

BALANCE SHEET
AS AT 30 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
205,822
221,016

  
205,822
221,016

Current assets
  

Stocks
  
3,103
487

Debtors: amounts falling due within one year
 6 
6,439
16,731

Cash at bank and in hand
  
154
-

  
9,696
17,218

Creditors: amounts falling due within one year
 7 
(104,950)
(96,568)

Net current liabilities
  
 
 
(95,254)
 
 
(79,350)

Total assets less current liabilities
  
110,568
141,666

Creditors: amounts falling due after more than one year
 8 
(12,439)
(26,910)

  

Net assets
  
98,129
114,756


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
97,129
113,756

  
98,129
114,756


Page 1

 
LULLINGSTONE ESTATES LIMITED
REGISTERED NUMBER: 00725074
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 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 on 13 March 2024.




Mr T Hart Dyke
Director

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

Page 2

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1.


General information

Lullingstone Estates Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is Lullingstone Castle, Eynsford, Dartford, Kent, DA4 0JA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have assessed that there are no significant doubts on the company's ability to continue as a going concern. As a result the financial statements have been prepared on a going concern basis.

 
2.3

Revenue recognition

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.

 
2.4

Interest income

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

Page 3

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Freehold property
-
10
years (land not depreciated)
Furniture and equipment
-
10
years
Improvements to gardens
-
10
years

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

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.
 
Page 5

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).

Page 6

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Improvements to gardens
Total

£
£
£
£



Cost or valuation


At 31 March 2022
22,325
43,720
290,167
356,212


Additions
-
442
-
442



At 30 March 2023

22,325
44,162
290,167
356,654



Depreciation


At 31 March 2022
10,450
39,371
85,375
135,196


Charge for the year on owned assets
-
696
14,940
15,636



At 30 March 2023

10,450
40,067
100,315
150,832



Net book value



At 30 March 2023
11,875
4,095
189,852
205,822



At 30 March 2022
11,875
4,349
204,792
221,016

Page 7

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
-
1,926

Other debtors
5,784
13,511

Prepayments and accrued income
655
1,294

6,439
16,731



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
2,894

Bank loans
14,472
13,961

Trade creditors
7,036
5,507

Corporation tax
870
870

Other taxation and social security
-
1,329

Other creditors
82,572
72,007

104,950
96,568


The following liabilities were secured:

2023
2022
£
£



Bank loans
14,472
13,961

14,472
13,961

Details of security provided:

Freehold land and property have been secured against the bank loans provided by Barclays Bank PLC.

Page 8

 
LULLINGSTONE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
12,439
26,910

12,439
26,910


The following liabilities were secured:

2023
2022
£
£



Bank loans
12,439
26,910

12,439
26,910

Details of security provided:

Freehold land and property have been secured against the bank loans provided by Barclays Bank PLC.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £110 (2022: £NIL). Contributions totalling £NIL (2022: £NIL) were payable to the fund at the balance sheet date. 

 
Page 9