Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-3122022-08-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12725949 2022-08-01 2023-07-31 12725949 2021-08-01 2022-07-31 12725949 2023-07-31 12725949 2022-07-31 12725949 c:Director1 2022-08-01 2023-07-31 12725949 d:FurnitureFittings 2023-07-31 12725949 d:FurnitureFittings 2022-07-31 12725949 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12725949 d:FreeholdInvestmentProperty 2022-08-01 2023-07-31 12725949 d:FreeholdInvestmentProperty 2023-07-31 12725949 d:FreeholdInvestmentProperty 2022-07-31 12725949 d:FreeholdInvestmentProperty 2 2022-08-01 2023-07-31 12725949 d:CurrentFinancialInstruments 2023-07-31 12725949 d:CurrentFinancialInstruments 2022-07-31 12725949 d:Non-currentFinancialInstruments 2023-07-31 12725949 d:Non-currentFinancialInstruments 2022-07-31 12725949 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12725949 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12725949 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12725949 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 12725949 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 12725949 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 12725949 d:ShareCapital 2023-07-31 12725949 d:ShareCapital 2022-07-31 12725949 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 12725949 d:RetainedEarningsAccumulatedLosses 2023-07-31 12725949 d:RetainedEarningsAccumulatedLosses 2022-07-31 12725949 c:FRS102 2022-08-01 2023-07-31 12725949 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12725949 c:FullAccounts 2022-08-01 2023-07-31 12725949 c:CompanyLimitedByGuarantee 2022-08-01 2023-07-31 12725949 f:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12725949










CONSTANCE COURT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
CONSTANCE COURT LTD
REGISTERED NUMBER: 12725949

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
731
975

Investment property
 5 
1,925,000
1,925,000

  
1,925,731
1,925,975

Current assets
  

Cash at bank and in hand
  
45,045
5,326

  
45,045
5,326

Creditors: amounts falling due within one year
 6 
(11,736)
(10,094)

Net current assets/(liabilities)
  
 
 
33,309
 
 
(4,768)

Total assets less current liabilities
  
1,959,040
1,921,207

Creditors: amounts falling due after more than one year
 7 
(1,573,820)
(1,907,830)

Provisions for liabilities
  

Deferred tax
  
(95,167)
(3,395)

  
 
 
(95,167)
 
 
(3,395)

Net assets
  
290,053
9,982


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 9 
289,953
9,882

  
290,053
9,982


Page 1

 
CONSTANCE COURT LTD
REGISTERED NUMBER: 12725949
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 income statement 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: 




................................................
J D G Phillips
Director

Date: 22 March 2024

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

Page 2

 
CONSTANCE COURT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Constance Court Ltd is a private company limited by shares and incorporated in England and Wales,
registration number 12725949. The registered office is Fircroft Crowhurst Road, Crowhurst, Lingfield, Surrey, United Kingdom, RH7 6LY

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 financial statements are presented in sterling which is a functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover 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

Turnover 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

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.

 
2.4

Borrowing costs

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

Page 3

 
CONSTANCE COURT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
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.

Page 4

 
CONSTANCE COURT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.


3.


Employees

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


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2022
1,300



At 31 July 2023

1,300



Depreciation


At 1 August 2022
325


Charge for the year on owned assets
244



At 31 July 2023

569



Net book value



At 31 July 2023
731



At 31 July 2022
975

Page 5

 
CONSTANCE COURT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
1,925,000


Additions at cost
416


Disposals
(331,254)


Surplus on revaluation
330,838



At 31 July 2023
1,925,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,545,065
1,865,701

1,545,065
1,865,701


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,459
-

Other creditors
8,917
8,844

Accruals and deferred income
1,360
1,250

11,736
10,094


Page 6

 
CONSTANCE COURT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loans
1,230,937
1,230,937

Amounts owed to group undertakings
342,883
676,893

1,573,820
1,907,830


The following liabilities were secured:

2023
2022
£
£



Loans
1,230,937
1,230,937

1,230,937
1,230,937

Details of security provided:

The bank loan is secured by a fixed charge against property owned by the company. 

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable other than by instalments
1,230,937
1,230,937

The bank loan is repayable by September 2041. Interest is charged at 2.85%.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
1,230,937
1,230,937


Page 7

 
CONSTANCE COURT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Reserves

Profit and loss account

The profit and loss account is the accumulated profit of the company since inception. The distributable amount is £Nil (2022: £Nil), non distributable amount is £291,467 (2022: £52,462).


10.


Controlling party

Constance Court Ltd is a 100% subsidiary company of Waverley Building Services Limited. The registered office address of the controlling company is Fircroft Crowhurst Road, Crowhurst, Lingfield, Surrey, United Kingdom, RH7 6LY
 
Under FRS 102 Section 1A, the company is exempt from its obligation to prepare and deliver group accounts of a larger group.

 
Page 8