Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-10-01No description of principal activitytruefalse22 12912573 2022-10-01 2023-11-30 12912573 2021-10-01 2022-09-30 12912573 2023-11-30 12912573 2022-09-30 12912573 c:Director2 2022-10-01 2023-11-30 12912573 d:CurrentFinancialInstruments 2023-11-30 12912573 d:CurrentFinancialInstruments 2022-09-30 12912573 d:Non-currentFinancialInstruments 2023-11-30 12912573 d:Non-currentFinancialInstruments 2022-09-30 12912573 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12912573 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12912573 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 12912573 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 12912573 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 12912573 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 12912573 d:ShareCapital 2023-11-30 12912573 d:ShareCapital 2022-09-30 12912573 d:RetainedEarningsAccumulatedLosses 2023-11-30 12912573 d:RetainedEarningsAccumulatedLosses 2022-09-30 12912573 c:FRS102 2022-10-01 2023-11-30 12912573 c:AuditExemptWithAccountantsReport 2022-10-01 2023-11-30 12912573 c:FullAccounts 2022-10-01 2023-11-30 12912573 c:PrivateLimitedCompanyLtd 2022-10-01 2023-11-30 12912573 e:PoundSterling 2022-10-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 12912573
















AUTOGRAPH HOMES (SCOTS LAWN) LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

































AUTOGRAPH HOMES (SCOTS LAWN) LIMITED

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AUTOGRAPH HOMES (SCOTS LAWN) LIMITED
FOR THE PERIOD ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Autograph Homes (Scots Lawn) Limited for the period ended 30 November 2023 which comprise the Statement of Income and Retained earnings, the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Autograph Homes (Scots Lawn) Limited, as a body, in accordance with the terms of our engagement letter dated 9 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of Autograph Homes (Scots Lawn) Limited and state those matters that we have agreed to state to the Board of directors of Autograph Homes (Scots Lawn) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Autograph Homes (Scots Lawn) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Autograph Homes (Scots Lawn) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Autograph Homes (Scots Lawn) Limited. You consider that Autograph Homes (Scots Lawn) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Autograph Homes (Scots Lawn) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  




Bishop Fleming LLP
Chartered Accountants
10 Temple Back
Bristol
BS1 6FL
15 August 2024
Page 1


AUTOGRAPH HOMES (SCOTS LAWN) LIMITED
REGISTERED NUMBER:12912573

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

Period ended 30 November
Year ended 30 September
2023
2022
£
£

  

CURRENT ASSETS
  

Work in progress
 4 
1,230,350
-

Debtors: amounts falling due within one year
 5 
5
2

Cash at bank and in hand
 6 
225
-

  
1,230,580
2

Creditors: amounts falling due within one year
 7 
(730,474)
-

NET CURRENT ASSETS
  
 
 
500,106
 
 
2

TOTAL ASSETS LESS CURRENT LIABILITIES
  
500,106
2

Creditors: amounts falling due after more than one year
  
(500,000)
-

  

NET ASSETS
  
106
2


CAPITAL AND RESERVES
  

Called up share capital 
  
5
2

Profit and loss account
  
101
-

  
106
2


Page 2


AUTOGRAPH HOMES (SCOTS LAWN) LIMITED
REGISTERED NUMBER:12912573
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 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 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: 




S M Taylor
Director

Date: 15 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 3


AUTOGRAPH HOMES (SCOTS LAWN) LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


GENERAL INFORMATION

Autograph Homes (Scots Lawn) Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. Its registered office is located at Unit 3 The Stables, Says Court Farm Badminton Road, Frampton Cotterell, Bristol, England, BS36 2NY. 

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

GOING CONCERN

The directors believe that the company has adequate resources to continue operations for the forseeable future being a period of not less than twelve months from the date of signing the financial statements. On this basis, the directors have concluded that it is appropriate that the financial statements have been prepared on a going concern basis. 

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

  
2.5

WORK IN PROGRESS

Work in progress is stated at the lower of cost and net realisable value. Land held for development and the costs of development are initially recognised at transactions cost. The company allocates site-wide development costs between units on a site by site basis. These costs are carried at transactional cost until turnover in respect of the unit is recognised.

At each reporting date, work in progress is assesed for impairment. If it 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.

 
2.6

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

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.

Page 4


AUTOGRAPH HOMES (SCOTS LAWN) LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (continued)

 
2.8

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.


 
2.9

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.

Financial instruments are recognised in the Company's Statement of financial position 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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Page 5


AUTOGRAPH HOMES (SCOTS LAWN) LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (continued)


2.9
FINANCIAL INSTRUMENTS (CONTINUED)

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.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the period was 2 (2022: 2).


4.


STOCKS

30 November
2023
£

Work in progress
1,230,350

1,230,350



5.


DEBTORS

30 November
30 September
2023
2022
£
£


Other debtors
5
2

5
2



6.


CASH AND CASH EQUIVALENTS

30 November
2023
£

Cash at bank and in hand
225

225


Page 6


AUTOGRAPH HOMES (SCOTS LAWN) LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30 November
2023
£

Other creditors
730,474

730,474



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30 November
30 September
2023
2022
£
£

Loan note
500,000
-

500,000
-


The loan note is held by a third party. The loan note is repayable on demand and accrues interest at 10% per annum. 


9.


LOANS


Analysis of the maturity of loans is given below:


30 November
30 September
2023
2022
£
£


AMOUNTS FALLING DUE 1-2 YEARS

Loan note
500,000
-


500,000
-



500,000
-



10.


CONTROLLING PARTY

There is no ultimate controlling party. 

Page 7