Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3102022-07-19falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14242887 2022-07-18 14242887 2022-07-19 2023-07-31 14242887 2021-07-19 2022-07-18 14242887 2023-07-31 14242887 c:Director1 2022-07-19 2023-07-31 14242887 c:Director1 2023-07-31 14242887 c:Director2 2022-07-19 2023-07-31 14242887 c:Director2 2023-07-31 14242887 c:RegisteredOffice 2022-07-19 2023-07-31 14242887 d:FurnitureFittings 2022-07-19 2023-07-31 14242887 d:FurnitureFittings 2023-07-31 14242887 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-19 2023-07-31 14242887 d:OfficeEquipment 2022-07-19 2023-07-31 14242887 d:OfficeEquipment 2023-07-31 14242887 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-19 2023-07-31 14242887 d:OwnedOrFreeholdAssets 2022-07-19 2023-07-31 14242887 d:Goodwill 2022-07-19 2023-07-31 14242887 d:Goodwill 2023-07-31 14242887 d:CurrentFinancialInstruments 2023-07-31 14242887 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14242887 d:ShareCapital 2023-07-31 14242887 d:RetainedEarningsAccumulatedLosses 2023-07-31 14242887 c:FRS102 2022-07-19 2023-07-31 14242887 c:AuditExempt-NoAccountantsReport 2022-07-19 2023-07-31 14242887 c:FullAccounts 2022-07-19 2023-07-31 14242887 c:PrivateLimitedCompanyLtd 2022-07-19 2023-07-31 14242887 d:WithinOneYear 2023-07-31 14242887 d:BetweenOneFiveYears 2023-07-31 14242887 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-07-19 2023-07-31 14242887 d:Goodwill d:OwnedIntangibleAssets 2022-07-19 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 14242887







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JULY 2023


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED






































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FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr J D Rooker (appointed 19 July 2022)
Mr A D Frost (appointed 19 July 2022, resigned 13 September 2022)




Registered number
14242887



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
REGISTERED NUMBER:14242887



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Intangible assets
  
9,417

Tangible assets
 5 
10,275

  
19,692

Current assets
  

Debtors: amounts falling due within one year
 6 
10,400

Cash at bank and in hand
  
100

  
10,500

Creditors: amounts falling due within one year
 7 
(96,326)

Net current (liabilities)/assets
  
 
 
(85,826)

Total assets less current liabilities
  
(66,134)

  

Net (liabilities)/assets
  
(66,134)

Page 1

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
REGISTERED NUMBER:14242887


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

2023
Note
£

Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(66,234)

  
(66,134)


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 period 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 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: 




Mr J D Rooker
Director

Date: 15 April 2024

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

Page 2

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Fells Gulliver (Lyndhurst) Estate Agents Limited is a private company, limited by shares, registered in England and Wales. The company's trading address is 30 High Street, Lyndhurst, SO43 7BG.  
The company was incorporated on 19 July 2022 and commenced to trade shortly afterwards.  The first period of the financial statements is therefore from 19 July 2022 to 31 July 2023.

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

Going concern

At the balance sheet date, the company's assets exceeded its liabilities. The director is is confident that the company has adequate financial resources to settle liabilities as they fall due therefore deem it appropriate to prepare the accounts on a going concern basis.

 
2.3

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.

 
2.4

Borrowing costs

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

Page 3

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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 and fittings
-
20%
Office equipment
-
20%

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

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

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.
Page 5

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Intangible assets



Goodwill

£



Cost


Additions
10,000



At 31 July 2023

10,000



Amortisation


Charge for the period on owned assets
583



At 31 July 2023

583



Net book value



At 31 July 2023
9,417



Page 6

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


Additions
6,392
5,466
11,858



At 31 July 2023

6,392
5,466
11,858



Depreciation


Charge for the period on owned assets
860
723
1,583



At 31 July 2023

860
723
1,583



Net book value



At 31 July 2023
5,532
4,743
10,275


6.


Debtors

2023
£


Other debtors
10,400

10,400



7.


Creditors: Amounts falling due within one year

2023
£

Bank overdrafts
1,351

Trade creditors
7,749

Other taxation and social security
3,071

Other creditors
81,705

Accruals and deferred income
2,450

96,326


Page 7

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

8.


Commitments under operating leases

At 31 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than 1 year
16,800

Later than 1 year and not later than 5 years
55,393

72,193

 
Page 8