Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01false22truetrue 12516722 2022-08-01 2023-07-31 12516722 2021-08-01 2022-07-31 12516722 2023-07-31 12516722 2022-07-31 12516722 2021-08-01 12516722 c:Director1 2022-08-01 2023-07-31 12516722 d:CurrentFinancialInstruments 2023-07-31 12516722 d:CurrentFinancialInstruments 2022-07-31 12516722 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12516722 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12516722 d:ShareCapital 2023-07-31 12516722 d:ShareCapital 2022-07-31 12516722 d:ShareCapital 2021-08-01 12516722 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 12516722 d:RetainedEarningsAccumulatedLosses 2023-07-31 12516722 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 12516722 d:RetainedEarningsAccumulatedLosses 2022-07-31 12516722 d:RetainedEarningsAccumulatedLosses 2021-08-01 12516722 c:FRS102 2022-08-01 2023-07-31 12516722 c:Audited 2022-08-01 2023-07-31 12516722 c:FullAccounts 2022-08-01 2023-07-31 12516722 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12516722 c:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12516722 2 2022-08-01 2023-07-31 12516722 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12516722










FRONTIER ESTATES (RW) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
FRONTIER ESTATES (RW) LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 7


 
FRONTIER ESTATES (RW) LIMITED
REGISTERED NUMBER: 12516722

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
335,043
391,386

Cash at bank and in hand
 5 
246
778

  
335,289
392,164

Creditors: amounts falling due within one year
 6 
(112,889)
(146,682)

Net current assets
  
 
 
222,400
 
 
245,482

Total assets less current liabilities
  
222,400
245,482

  

Net assets
  
222,400
245,482


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
222,398
245,480

Shareholders' funds
  
222,400
245,482


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 profit and loss account 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 29 April 2024.




................................................
A J Crowther
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
FRONTIER ESTATES (RW) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2022
2
245,480
245,482



Loss for the year
-
(23,082)
(23,082)


At 31 July 2023
2
222,398
222,400



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2021
2
(38,438)
(38,436)



Profit for the year
-
783,918
783,918

Dividends: Equity capital
-
(500,000)
(500,000)


At 31 July 2022
2
245,480
245,482


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FRONTIER ESTATES (RW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales. The address of its registered office is 25 Oldbury Place, London, W1U 5PN.

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

The financial statements of the company have not been prepared on the going concern basis as it is the directors’ intention to liquidate the company within the next 12 months.

 
2.3

Turnover

Turnover comprises proceeds, net of VAT, from sale of property and is recognised on legal completion.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 3

 
FRONTIER ESTATES (RW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
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.

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 within the operating cycle fall into this category of financial instruments.

Page 4

 
FRONTIER ESTATES (RW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.11
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.
Derecognition of financial instruments
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 year was 2 (2022 - 2).

Page 5

 
FRONTIER ESTATES (RW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
107,281
159,163

Other debtors
226,963
232,223

Prepayments and accrued income
799
-

335,043
391,386



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
246
778



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,381
-

Corporation tax
-
43,182

Accruals and deferred income
105,508
103,500

112,889
146,682



7.


Related party transactions

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions between two or more wholly owned members of a group.


8.


Controlling party

The ultimate parent company is Frontier Estates Limited. The ultimate controlling parties throughout this and the previous period were the directors of the parent company.
The accounts of the company are consolidated within the accounts of the Frontier Estates Limited and a copy of the consolidated accounts can be obtained from the company's registered address at 25 Oldbury Place, London, W1U 5PN.

Page 6

 
FRONTIER ESTATES (RW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Auditors' information

The audit report is unqualified. There are no matters to report.

The audit report was signed on 29 April 2024 by Abdultaiyab Pisavadi BSc FCA (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.

 
Page 7