Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetruefalseNo description of principal activity2023-01-011true 13834110 2023-01-01 2024-03-31 13834110 2022-01-01 2022-12-31 13834110 2024-03-31 13834110 2022-12-31 13834110 c:Director1 2023-01-01 2024-03-31 13834110 c:Director1 2024-03-31 13834110 d:FreeholdInvestmentProperty 2023-01-01 2024-03-31 13834110 d:FreeholdInvestmentProperty 2024-03-31 13834110 d:CurrentFinancialInstruments 2024-03-31 13834110 d:CurrentFinancialInstruments 2022-12-31 13834110 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13834110 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13834110 d:ShareCapital 2024-03-31 13834110 d:ShareCapital 2022-12-31 13834110 d:RetainedEarningsAccumulatedLosses 2024-03-31 13834110 d:RetainedEarningsAccumulatedLosses 2022-12-31 13834110 c:FRS102 2023-01-01 2024-03-31 13834110 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 13834110 c:FullAccounts 2023-01-01 2024-03-31 13834110 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 13834110 2 2023-01-01 2024-03-31 13834110 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13834110










ES PROPERTY INVESTMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
ES PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER:13834110

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Investment property
 4 
741,988
-

Current assets
  

Debtors: amounts falling due within one year
 5 
4,060
1

Cash at bank and in hand
  
1,852
-

  
5,912
1

Creditors: amounts falling due within one year
 6 
(746,617)
-

Net current liabilities
  
 
 
(740,705)
 
 
1

Total assets less current liabilities
  
1,283
1

  

Net assets
  
1,283
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,282
-

  
1,283
1

Page 1

 
ES PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER:13834110
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 by: 




................................................
Elizabeth J Skelton
Director

Date: 4 August 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ES PROPERTY INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

ES Property Investment Limited ("the company") is a private limited company incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information.
The functional and presentational currency of the company is pounds sterling (£) and rounded to the
nearest whole pound.

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:

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.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
ES PROPERTY INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

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.

  
2.7

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.8

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

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.

Page 4

 
ES PROPERTY INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Investments in non-derivative instruments that are equity to the issuer are measured:
•      at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
•        at cost less impairment for all other investments.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 5

 
ES PROPERTY INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
741,988



At 31 March 2024
741,988

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




5.


Debtors

31 March
31 December
2024
2022
£
£


Other debtors
-
1

Prepayments and accrued income
4,060
-

4,060
1



6.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Bank loans
536,347
-

Corporation tax
300
-

Other creditors
207,914
-

Accruals and deferred income
2,056
-

746,617
-



7.


Related party transactions

Included within other creditors is a balance of £207,914 (2022: £nil) owed to the director by the company. No interest has been charged on this balance. The loan is repayable on demand.

 
Page 6