Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12436064 2023-03-01 2024-02-29 12436064 2024-02-29 12436064 2022-03-01 2023-02-28 12436064 2023-02-28 12436064 c:Director1 2023-03-01 2024-02-29 12436064 d:Buildings 2024-02-29 12436064 d:Buildings 2023-02-28 12436064 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12436064 d:FurnitureFittings 2023-03-01 2024-02-29 12436064 d:FurnitureFittings 2024-02-29 12436064 d:FurnitureFittings 2023-02-28 12436064 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12436064 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12436064 d:CurrentFinancialInstruments 2024-02-29 12436064 d:CurrentFinancialInstruments 2023-02-28 12436064 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12436064 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12436064 d:ShareCapital 2024-02-29 12436064 d:ShareCapital 2023-02-28 12436064 d:RetainedEarningsAccumulatedLosses 2024-02-29 12436064 d:RetainedEarningsAccumulatedLosses 2023-02-28 12436064 c:OrdinaryShareClass1 2023-03-01 2024-02-29 12436064 c:OrdinaryShareClass1 2024-02-29 12436064 c:OrdinaryShareClass1 2023-02-28 12436064 c:FRS102 2023-03-01 2024-02-29 12436064 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12436064 c:FullAccounts 2023-03-01 2024-02-29 12436064 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12436064













Fair Cop Limited

Financial statements
Information for filing with the registrar

29 February 2024




 
Fair Cop Limited


Balance sheet
At 29 February 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
276,466
281,378

  
276,466
281,378

Current assets
  

Cash at bank and in hand
  
17,897
3,323

  
17,897
3,323

Creditors: amounts falling due within one year
 5 
(271,753)
(269,693)

Net current liabilities
  
 
 
(253,856)
 
 
(266,370)

Total assets less current liabilities
  
22,610
15,008

Provisions for liabilities
  

Deferred tax
  
(3,684)
(3,751)

Net assets
  
18,926
11,257


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
18,925
11,256

Shareholders' funds
  
18,926
11,257


1

 
Fair Cop Limited

    
Balance sheet (continued)
At 29 February 2024

The director considers 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 director acknowledges her 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.




Lyn Dayson
Director

Company registered number: 12436064
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Fair Cop Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Citygate, St. James' Boulevard, Newcastle upon Tyne, Tyne and Wear, United Kingdom, NE1 4JE.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue from holiday lettings is recognised over the period in which the accommodation is provided. For bookings received in advance, revenue is deferred and recognised as income over the rental period.
Revenue is measured at the fair value of the consideration received or receivable, net of any discounts or rebates offered.

 
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.

3

 
Fair Cop Limited
 

 
Notes to the financial statements
Year ended 29 February 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets excluding property are reported under the cost model at their historical cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and 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.

 
2.6

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.

 
2.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The company has no employees other than the director, who did not receive any remuneration.

4

 
Fair Cop Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

4.


Tangible fixed assets







Freehold property
Fixtures and fittings
Total

£
£
£



Cost 


At 1 March 2023
261,729
40,897
302,626



At 29 February 2024

261,729
40,897
302,626



Depreciation


At 1 March 2023
-
21,248
21,248


Charge for the year
-
4,912
4,912



At 29 February 2024

-
26,160
26,160



Net book value



At 29 February 2024
261,729
14,737
276,466



At 28 February 2023
261,729
19,649
281,378


5.


Creditors: amounts falling due within one year

29 February
28 February
2024
2023
£
£

Amounts owed to group undertakings
268,408
268,408

Corporation tax
2,085
-

Accruals and deferred income
1,260
1,285

271,753
269,693


5

 
Fair Cop Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

6.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1 (2023 : 1) Ordinary share of £1.00
1
1



7.


Controlling party

The ultimate controlling party for the company was Stateplus Limited, a company registered in England and Wales as the parent company.

 
6