Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseThe principal activity of the company during the year was that of mixed farming.55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11628947 2023-01-01 2023-12-31 11628947 2022-01-01 2022-12-31 11628947 2023-12-31 11628947 2022-12-31 11628947 c:Director1 2023-01-01 2023-12-31 11628947 d:Buildings 2023-01-01 2023-12-31 11628947 d:Buildings 2023-12-31 11628947 d:Buildings 2022-12-31 11628947 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11628947 d:PlantMachinery 2023-01-01 2023-12-31 11628947 d:PlantMachinery 2023-12-31 11628947 d:PlantMachinery 2022-12-31 11628947 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11628947 d:MotorVehicles 2023-01-01 2023-12-31 11628947 d:MotorVehicles 2023-12-31 11628947 d:MotorVehicles 2022-12-31 11628947 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11628947 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11628947 d:Goodwill 2023-12-31 11628947 d:Goodwill 2022-12-31 11628947 d:CurrentFinancialInstruments 2023-12-31 11628947 d:CurrentFinancialInstruments 2022-12-31 11628947 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11628947 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11628947 d:ShareCapital 2023-12-31 11628947 d:ShareCapital 2022-12-31 11628947 d:SharePremium 2023-12-31 11628947 d:SharePremium 2022-12-31 11628947 d:RetainedEarningsAccumulatedLosses 2023-12-31 11628947 d:RetainedEarningsAccumulatedLosses 2022-12-31 11628947 c:FRS102 2023-01-01 2023-12-31 11628947 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11628947 c:FullAccounts 2023-01-01 2023-12-31 11628947 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11628947 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11628947 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11628947 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11628947 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 11628947 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 11628947 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11628947










EAST CARNIGILL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EAST CARNIGILL LIMITED
REGISTERED NUMBER: 11628947

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
19,950

Tangible assets
 5 
4,010,079
3,991,152

  
4,010,079
4,011,102

Current assets
  

Debtors: amounts falling due within one year
 6 
68,253
127,184

Cash at bank and in hand
  
58,283
28,819

  
126,536
156,003

Creditors: amounts falling due within one year
 7 
(371,981)
(423,137)

Net current liabilities
  
 
 
(245,445)
 
 
(267,134)

Total assets less current liabilities
  
3,764,634
3,743,968

Provisions for liabilities
  

Deferred tax
 8 
(16,872)
(5,580)

  
 
 
(16,872)
 
 
(5,580)

Net assets
  
3,747,762
3,738,388


Capital and reserves
  

Called up share capital 
  
1,000,000
1,000,000

Share premium account
  
2,721,363
2,721,363

Profit and loss account
  
26,399
17,025

  
3,747,762
3,738,388


Page 1

 
EAST CARNIGILL LIMITED
REGISTERED NUMBER: 11628947
    
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 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 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 on 15 July 2024.

Viscount M W Ridley
Director

Page 2

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

East Carnigill Limited is a private company (no: 11628947) limited by shares incorporated in England and Wales. The registered office is Blagdon Estate Office, Seaton Burn, Newcastle upon Tyne, NE13 6DE. The business address is Cotherstone Moor, Baldersdale, Durham, DL12 9UW.

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 31 December 2023 the company had net liabilities of £245,445. The directors have agreed to provide financial support to the company to enable it to continue in existence for a period of no less than 12 months from the date of signing these financial statements. As such the financial statements have been prepared on a going concern basis. 

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of sporting activities and rental income incurred during the year, exclusive of Value Added Tax and trade discounts on an accruals basis.
Payments received under basic payment scheme and additional subsidies are accounted for once the elected recognition date has been completed. 

 
2.4

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.

Page 3

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 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.

 
2.6

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.

 
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.

Page 4

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance

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

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.

Page 5

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 6

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
95,326
80,175

Social security costs
623
102

Cost of defined contribution scheme
5,863
4,287

101,812
84,564


The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Intangible assets




Entitlements

£



Cost


At 1 January 2023
29,575



At 31 December 2023

29,575



Amortisation


At 1 January 2023
9,625


Charge for the year on owned assets
19,950



At 31 December 2023

29,575



Net book value



At 31 December 2023
-



At 31 December 2022
19,950



Page 7

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 January 2023
3,876,861
43,500
158,413
4,078,774


Additions
1,200
7,053
55,800
64,053


Disposals
-
-
(27,418)
(27,418)



At 31 December 2023

3,878,061
50,553
186,795
4,115,409



Depreciation


At 1 January 2023
-
16,575
71,047
87,622


Charge for the year on owned assets
-
4,474
27,747
32,221


Disposals
-
-
(14,513)
(14,513)



At 31 December 2023

-
21,049
84,281
105,330



Net book value



At 31 December 2023
3,878,061
29,504
102,514
4,010,079



At 31 December 2022
3,876,861
26,925
87,366
3,991,152

Page 8

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
28,528
18,267

Other debtors
-
12,394

Prepayments and accrued income
39,725
96,523

68,253
127,184



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
23,215
9,135

Other taxation and social security
2,160
-

Other creditors
340,745
410,745

Accruals and deferred income
5,861
3,257

371,981
423,137



8.


Deferred taxation




2023


£






At beginning of year
(5,580)


Charged to profit or loss
(11,292)



At end of year
(16,872)

2023
2022
£
£


Accelerated capital allowances
(35,561)
(30,830)

Tax losses carried forward
18,689
25,250

(16,872)
(5,580)

Page 9

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

Included within other creditors, is a balance of £340,745 (2022 £410,745) to the directors. This loan is interest free and repayable on demand.

 
Page 10