Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-06-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00667608 2023-06-01 2024-03-31 00667608 2022-06-01 2023-05-31 00667608 2024-03-31 00667608 2023-05-31 00667608 c:Director4 2023-06-01 2024-03-31 00667608 d:FreeholdInvestmentProperty 2024-03-31 00667608 d:FreeholdInvestmentProperty 2023-05-31 00667608 d:CurrentFinancialInstruments 2024-03-31 00667608 d:CurrentFinancialInstruments 2023-05-31 00667608 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00667608 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 00667608 d:ShareCapital 2024-03-31 00667608 d:ShareCapital 2023-05-31 00667608 d:CapitalRedemptionReserve 2023-06-01 2024-03-31 00667608 d:CapitalRedemptionReserve 2024-03-31 00667608 d:CapitalRedemptionReserve 2023-05-31 00667608 d:InvestmentPropertiesRevaluationReserve 2023-06-01 2024-03-31 00667608 d:InvestmentPropertiesRevaluationReserve 2024-03-31 00667608 d:InvestmentPropertiesRevaluationReserve 2023-05-31 00667608 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-03-31 00667608 d:RetainedEarningsAccumulatedLosses 2024-03-31 00667608 d:RetainedEarningsAccumulatedLosses 2023-05-31 00667608 c:FRS102 2023-06-01 2024-03-31 00667608 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 00667608 c:FullAccounts 2023-06-01 2024-03-31 00667608 c:PrivateLimitedCompanyLtd 2023-06-01 2024-03-31 00667608 2 2023-06-01 2024-03-31 00667608 d:OtherDeferredTax 2024-03-31 00667608 d:OtherDeferredTax 2023-05-31 00667608 e:PoundSterling 2023-06-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00667608









LIDSTONES INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
LIDSTONES INVESTMENTS LTD
REGISTERED NUMBER: 00667608

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 May
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
200,000
200,000

  
200,000
200,000

Current assets
  

Debtors
  
390
426

Cash at bank and in hand
 5 
230,494
290,463

  
230,884
290,889

Creditors: amounts falling due within one year
 6 
(15,425)
(3,779)

Net current assets
  
 
 
215,459
 
 
287,110

Total assets less current liabilities
  
415,459
487,110

Provisions for liabilities
  

Deferred tax
 7 
(29,527)
(29,527)

  
 
 
(29,527)
 
 
(29,527)

Net assets
  
385,932
457,583


Capital and reserves
  

Called up share capital 
  
23,601
23,601

Capital redemption reserve
 8 
194,899
194,899

Investment property reserve
 8 
157,732
157,732

Profit and loss account
 8 
9,700
81,351

  
385,932
457,583


Page 1

 
LIDSTONES INVESTMENTS LTD
REGISTERED NUMBER: 00667608
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 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 9 August 2024.




................................................
G N Lidstone
Director

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

Page 2

 
LIDSTONES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


Statutory Information

The legal form of the entity is a private company limited by shares, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, HA1 2BY.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

Current and deferred taxation

The tax expense for the period 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.

Page 3

 
LIDSTONES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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

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.

 
2.9

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 period was 2 (2023 - 2).

Page 4

 
LIDSTONES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Investment property





Freehold investment property

£



Valuation


At 1 June 2023
200,000



At 31 March 2024
200,000


Comprising


Cost
12,741

Annual revaluation surplus/(deficit):


2022
187,259

At 31 March 2024
200,000

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

31 March
31 May
2024
2023
£
£

Revaluation reserves


At 1 June 2023
157,732
157,732

At 31 March 2024
157,732
157,732



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

31 March
31 May
2024
2023
£
£


Historic cost
12,741
12,741

12,741
12,741

If the investment properties were accounted for under the historic cost convention then the directors would not have depreciated the assets due to their high residual value, long useful life and for the fact that the amount of depreciations would be immaterial.

Page 5

 
LIDSTONES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Cash and cash equivalents

31 March
31 May
2024
2023
£
£

Cash at bank and in hand
230,494
290,463

230,494
290,463



6.


Creditors: Amounts falling due within one year

31 March
31 May
2024
2023
£
£

Trade creditors
680
-

Other taxation and social security
1,535
-

Other creditors
13,210
3,779

15,425
3,779



7.


Deferred taxation






2024


£






At beginning of year
(29,527)



At end of year
(29,527)

The provision for deferred taxation is made up as follows:

31 March
31 May
2024
2023
£
£


Revaluation of fixed assets investments
(29,527)
(29,527)

(29,527)
(29,527)

Page 6

 
LIDSTONES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Reserves

Capital redemption reserve

Capital redemption reserve represents a statutory non-distributable reserve into which amounts are transferred following the redemption or purchase of its own shares in accordance with the provision of section 733 of the Companies Act 2006.

Investment property revaluation reserve

Representing unrealised surplus/defecit on valuation of assets net of attributable deferred tax charged to income statement.

Profit and loss account

Profit and loss reserves represents the company’s profits available for distribution in accordance with section 830 of 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 7