Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseThe Company was incorporated on 12 February 2021 and the principal activity of the Company during the period wasthat of real estate consultancy.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13198187 2023-04-01 2024-03-31 13198187 2022-04-01 2023-03-31 13198187 2024-03-31 13198187 2023-03-31 13198187 c:Director1 2023-04-01 2024-03-31 13198187 d:OfficeEquipment 2023-04-01 2024-03-31 13198187 d:OfficeEquipment 2024-03-31 13198187 d:OfficeEquipment 2023-03-31 13198187 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13198187 d:CurrentFinancialInstruments 2024-03-31 13198187 d:CurrentFinancialInstruments 2023-03-31 13198187 d:Non-currentFinancialInstruments 2024-03-31 13198187 d:Non-currentFinancialInstruments 2023-03-31 13198187 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13198187 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13198187 d:ShareCapital 2024-03-31 13198187 d:ShareCapital 2023-03-31 13198187 d:RetainedEarningsAccumulatedLosses 2024-03-31 13198187 d:RetainedEarningsAccumulatedLosses 2023-03-31 13198187 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13198187 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13198187 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13198187 c:OrdinaryShareClass1 2024-03-31 13198187 c:OrdinaryShareClass1 2023-03-31 13198187 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13198187 c:OrdinaryShareClass2 2024-03-31 13198187 c:OrdinaryShareClass2 2023-03-31 13198187 c:FRS102 2023-04-01 2024-03-31 13198187 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13198187 c:FullAccounts 2023-04-01 2024-03-31 13198187 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13198187 6 2023-04-01 2024-03-31 13198187 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13198187









MATTHEWS & SADLER ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MATTHEWS & SADLER ESTATES LIMITED
REGISTERED NUMBER: 13198187

BALANCE SHEET
AS AT 31 MARCH 2024

2024
As Restated 2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
42
137

Investments
  
50
-

  
92
137

CURRENT ASSETS
  

Debtors: amounts falling due after more than one year
 6 
27,758
25,000

Debtors: amounts falling due within one year
 6 
16,719
32,601

Cash at bank and in hand
  
38,419
43,351

  
82,896
100,952

Creditors: amounts falling due within one year
 7 
(38,808)
(88,043)

NET CURRENT ASSETS
  
 
 
44,088
 
 
12,909

TOTAL ASSETS LESS CURRENT LIABILITIES
  
44,180
13,046

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(11)
(37)

  
 
 
(11)
 
 
(37)

NET ASSETS
  
44,169
13,009


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
44,069
12,909

  
44,169
13,009


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.

Page 1

 
MATTHEWS & SADLER ESTATES LIMITED
REGISTERED NUMBER: 13198187
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 Matthews
Director

Date: 30 July 2024

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

Page 2

 
MATTHEWS & SADLER ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Matthews & Sadler Estates Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA. 
The Company's functional and presentational currency is GBP.

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.

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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 turnover 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 turnover 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.

Page 3

 
MATTHEWS & SADLER ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.4

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:

Office equipment
-
33%
straight-line basis

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.

 
2.5

VALUATION OF INVESTMENTS

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
MATTHEWS & SADLER ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 April 2023
286



At 31 March 2024

286



DEPRECIATION


At 1 April 2023
149


Charge for the year on owned assets
95



At 31 March 2024

244



NET BOOK VALUE



At 31 March 2024
42



At 31 March 2023
137

Page 5

 
MATTHEWS & SADLER ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


FIXED ASSET INVESTMENTS





Investments in associates

£



COST OR VALUATION


Additions
50



At 31 March 2024
50





6.


DEBTORS

2024
As Restated 2023
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
27,758
25,000

27,758
25,000


2024
As Restated 2023
£
£

DUE WITHIN ONE YEAR

Trade debtors
7,500
-

Other debtors
100
101

Prepayments and accrued income
9,119
32,500

16,719
32,601


Page 6

 
MATTHEWS & SADLER ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
73
-

Corporation tax
28,468
7,887

Other taxation and social security
4,727
549

Other creditors
500
70,500

Accruals and deferred income
5,040
9,107

38,808
88,043



8.


DEFERRED TAXATION




2024


£






At beginning of year
(37)


Charged to profit or loss
26



AT END OF YEAR
(11)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(11)
(37)

(11)
(37)


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND PARTLY PAID



98 (2023 - 98) Ordinary shares of £1.00 each
98
98
2 (2023 - 2) Ordinary A shares of £1.00 each
2
2

100

100


 
Page 7