Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2022-07-01falseNo description of principal activity21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13452530 2022-07-01 2023-12-31 13452530 2021-06-11 2022-06-30 13452530 2023-12-31 13452530 2022-06-30 13452530 c:Director1 2022-07-01 2023-12-31 13452530 d:ComputerEquipment 2022-07-01 2023-12-31 13452530 d:ComputerEquipment 2023-12-31 13452530 d:ComputerEquipment 2022-06-30 13452530 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 13452530 d:CurrentFinancialInstruments 2023-12-31 13452530 d:CurrentFinancialInstruments 2022-06-30 13452530 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13452530 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13452530 d:ShareCapital 2023-12-31 13452530 d:ShareCapital 2022-06-30 13452530 d:RetainedEarningsAccumulatedLosses 2023-12-31 13452530 d:RetainedEarningsAccumulatedLosses 2022-06-30 13452530 c:FRS102 2022-07-01 2023-12-31 13452530 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-12-31 13452530 c:FullAccounts 2022-07-01 2023-12-31 13452530 c:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 13452530 2 2022-07-01 2023-12-31 13452530 e:PoundSterling 2022-07-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13452530









ELAVACE ESTATES NUMBER 2 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
ELAVACE ESTATES NUMBER 2 LTD
REGISTERED NUMBER: 13452530

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 December
30 June
30 June
2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
276
498

  
276
498

Current assets
  

Stocks
 5 
261,184
48,615

Debtors: amounts falling due within one year
 6 
324,454
561,167

Cash at bank and in hand
 7 
68,167
-

  
653,805
609,782

Creditors: amounts falling due within one year
 8 
(1,279,897)
(871,647)

Net current liabilities
  
 
 
(626,092)
 
 
(261,865)

Total assets less current liabilities
  
(625,816)
(261,367)

  

Net liabilities
  
(625,816)
(261,367)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(625,818)
(261,369)

Total equity
  
(625,816)
(261,367)


Page 1

 
ELAVACE ESTATES NUMBER 2 LTD
REGISTERED NUMBER: 13452530
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 period 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: 




M Walsh
Director

Date: 31 July 2024

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

Page 2

 
ELAVACE ESTATES NUMBER 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Elavace Estates Number 2 Ltd is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 29-31 Seymour Terrace, Seymour Street, Liverpool, England, L3 5PE.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
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.

Page 3

 
ELAVACE ESTATES NUMBER 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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

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:

Computer equipment
-
33%
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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

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.

 
2.9

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 4

 
ELAVACE ESTATES NUMBER 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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

 
ELAVACE ESTATES NUMBER 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 1).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 July 2022
666



At 31 December 2023

666



Depreciation


At 1 July 2022
168


Charge for the period on owned assets
222



At 31 December 2023

390



Net book value



At 31 December 2023
276



At 30 June 2022
498


5.


Stocks

31 December
30 June
2023
2022
£
£

Property stock
261,184
48,615


Page 6

 
ELAVACE ESTATES NUMBER 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

31 December
30 June
2023
2022
£
£


Amounts owed by group undertakings
186,591
195,791

Other debtors
137,863
364,757

Prepayments and accrued income
-
619

324,454
561,167



7.


Cash and cash equivalents

31 December
30 June
2023
2022
£
£

Cash at bank and in hand
68,167
-



8.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2022
£
£

Trade creditors
18,646
114,539

Amounts owed to group undertakings
417,093
312,572

Other taxation and social security
1,595
-

Other creditors
842,563
442,236

Accruals and deferred income
-
2,300

1,279,897
871,647



9.


Controlling party

The immediate and ultimate controlling party is Integritas Property Group (IPG) Limited. Its registered office is 29-31 Seymour Terrace, Seymour Street, Liverpool, L3 5PE.

 
Page 7