Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true22023-03-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10030790 2023-03-01 2024-02-29 10030790 2022-03-01 2023-02-28 10030790 2024-02-29 10030790 2023-02-28 10030790 2022-03-01 10030790 1 2023-03-01 2024-02-29 10030790 2 2023-03-01 2024-02-29 10030790 d:Director1 2023-03-01 2024-02-29 10030790 e:Buildings 2023-03-01 2024-02-29 10030790 e:Buildings 2024-02-29 10030790 e:Buildings 2023-02-28 10030790 e:FreeholdInvestmentProperty 2023-03-01 2024-02-29 10030790 e:FreeholdInvestmentProperty 2024-02-29 10030790 e:FreeholdInvestmentProperty 2 2023-03-01 2024-02-29 10030790 e:FreeholdInvestmentProperty 3 2023-03-01 2024-02-29 10030790 e:CurrentFinancialInstruments 2024-02-29 10030790 e:CurrentFinancialInstruments 2023-02-28 10030790 e:Non-currentFinancialInstruments 2024-02-29 10030790 e:Non-currentFinancialInstruments 2023-02-28 10030790 e:CurrentFinancialInstruments e:WithinOneYear 2024-02-29 10030790 e:CurrentFinancialInstruments e:WithinOneYear 2023-02-28 10030790 e:Non-currentFinancialInstruments e:AfterOneYear 2024-02-29 10030790 e:Non-currentFinancialInstruments e:AfterOneYear 2023-02-28 10030790 e:ShareCapital 2023-03-01 2024-02-29 10030790 e:ShareCapital 2024-02-29 10030790 e:ShareCapital 2022-03-01 2023-02-28 10030790 e:ShareCapital 2023-02-28 10030790 e:ShareCapital 2022-03-01 10030790 e:InvestmentPropertiesRevaluationReserve 2023-03-01 2024-02-29 10030790 e:InvestmentPropertiesRevaluationReserve 2024-02-29 10030790 e:InvestmentPropertiesRevaluationReserve 1 2023-03-01 2024-02-29 10030790 e:InvestmentPropertiesRevaluationReserve 2 2023-03-01 2024-02-29 10030790 e:InvestmentPropertiesRevaluationReserve 2023-02-28 10030790 e:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 10030790 e:RetainedEarningsAccumulatedLosses 2024-02-29 10030790 e:RetainedEarningsAccumulatedLosses 1 2023-03-01 2024-02-29 10030790 e:RetainedEarningsAccumulatedLosses 2 2023-03-01 2024-02-29 10030790 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 10030790 e:RetainedEarningsAccumulatedLosses 2023-02-28 10030790 e:RetainedEarningsAccumulatedLosses 2022-03-01 10030790 d:FRS102 2023-03-01 2024-02-29 10030790 d:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10030790 d:FullAccounts 2023-03-01 2024-02-29 10030790 d:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10030790 2 2023-03-01 2024-02-29 10030790 e:AcceleratedTaxDepreciationDeferredTax 2024-02-29 10030790 e:AcceleratedTaxDepreciationDeferredTax 2023-02-28 10030790 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10030790









ESANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ESANT LIMITED
REGISTERED NUMBER: 10030790

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,615
40,200

Investment property
  
3,079,999
-

  
3,085,614
40,200

Current assets
  

Stocks
  
354,696
2,517,681

Debtors: amounts falling due within one year
 6 
-
6,784

Cash at bank and in hand
 7 
85,710
8,237

  
440,406
2,532,702

Creditors: amounts falling due within one year
 8 
(20,589)
(1,290)

Net current assets
  
 
 
419,817
 
 
2,531,412

Total assets less current liabilities
  
3,505,431
2,571,612

Creditors: amounts falling due after more than one year
 9 
(2,580,126)
(2,580,126)

Provisions for liabilities
  

Deferred tax
  
(215,122)
-

  
 
 
(215,122)
 
 
-

Net assets/(liabilities)
  
710,183
(8,514)


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
645,366
-

Profit and loss account
  
64,717
(8,614)

  
710,183
(8,514)


Page 1

 
ESANT LIMITED
REGISTERED NUMBER: 10030790
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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 comprehensive income 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 26 July 2024.




................................................
A K Wingrove
Director

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
ESANT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 March 2023
100
-
(8,614)
(8,514)


Comprehensive income for the year

Profit for the year

-
-
73,331
73,331

Revaluation surpluss
-
860,488
-
860,488

Deferred tax on Rev. Surplus
-
(215,122)
-
(215,122)


Other comprehensive income for the year
-
645,366
-
645,366


Total comprehensive income for the year
-
645,366
73,331
718,697


Total transactions with owners
-
-
-
-


At 29 February 2024
100
645,366
64,717
710,183


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
ESANT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 March 2022
100
(5,907)
(5,807)


Comprehensive income for the year

Loss for the year

-
(2,707)
(2,707)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(2,707)
(2,707)


Total transactions with owners
-
-
-


At 28 February 2023
100
(8,614)
(8,514)


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The legal form of the entity is a private company limited by shares, registered in England and Wales. The company's registered number is 10030790 and registered office address is Zennor, Bolter End Lane, Bolter End, High Wycombe, England, HP14 3LU.

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

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.

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.

 
2.3

Interest income

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

Page 5

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, 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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.



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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 6

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.8

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

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.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

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

Page 7

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Freehold property

£



Cost or valuation


At 1 March 2023
40,200


Transfers between classes
(34,585)



At 29 February 2024

5,615






Net book value



At 29 February 2024
5,615



At 28 February 2023
40,200

Page 8

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Investment property





Freehold investment property

£



Valuation


Additions at cost
2,184,926


Surplus on revaluation
860,488


Transfers between classes
34,585



At 29 February 2024
3,079,999

The 2024 valuations were made by the director, on an open market value for existing use basis.

29 February
28 February
2024
2023
£
£

Revaluation reserves


Net surplus in movement properties
860,488
-

At 29 February 2024
860,488
-



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

29 February
28 February
2024
2023
£
£


Historic cost
2,219,511
-

2,219,511
-

If the investment properties were to be accounted for under historic cost convention, then they would not have been depreciated due to their long useful life, high residual value therefore the amount of depreciation to be imaterial.

Page 9

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
-
6,784

-
6,784



7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
85,710
8,237

85,710
8,237



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
17,949
-

Other creditors
2,640
1,290

20,589
1,290



9.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other creditors
2,580,126
2,580,126

2,580,126
2,580,126


Page 10

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Deferred taxation






2024


£






Charged to other comprehensive income
(215,122)



At end of year
(215,122)

The deferred taxation balance is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(215,122)
-

(215,122)
-


11.


Reserves

Investment property revaluation reserve

The Investment Property Revaluation Reserve represents the surplus arising from the revaluation of investment properties. The reserve is presented separately in the statement of changes in equity.
The Investment Property Revaluation Reserve is used to record the fair value adjustments made to investment properties. The revaluation surplus for the year is calculated as the difference between the fair value of the investment properties at the reporting date and their carrying amounts.
Transfers to retained earnings represent the portion of the revaluation surplus that has been realised through the disposal or impairment of investment properties during the year.
Deferred tax arising from the revaluation of investment properties is recognised in accordance with FRS 102. The deferred tax is calculated using the enacted or substantively enacted tax rates that are expected to apply when the temporary difference reverses.

Profit and loss account

Profit and loss reserves represents the company’s profits available for distribution in accordance with the Companies Act 2006 as its accumulated realised profits, so far as not previously utilised by distribution or capitalisation less its accumulated realised losses, so far as not previously written off in a reduction or capitalisation.

Page 11

 
ESANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

12.


Transactions with key management personel

Included in creditors amounts falling due after more than one year is amounts of £2,580,126 (2023 - £2,580,126) advanced by the company's key management personnel. The amounts are advanced free of interest and has no fixed date for repayment. The amounts are stated at their nominal value without discounting to measure present value.

 
Page 12