Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302falseNo description of principal activity2022-11-282truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05616462 2022-11-28 2023-11-30 05616462 2021-11-28 2022-11-27 05616462 2023-11-30 05616462 2022-11-27 05616462 c:Director2 2022-11-28 2023-11-30 05616462 d:FreeholdInvestmentProperty 2023-11-30 05616462 d:FreeholdInvestmentProperty 2022-11-27 05616462 d:CurrentFinancialInstruments 2023-11-30 05616462 d:CurrentFinancialInstruments 2022-11-27 05616462 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05616462 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-27 05616462 d:ShareCapital 2023-11-30 05616462 d:ShareCapital 2022-11-27 05616462 d:RetainedEarningsAccumulatedLosses 2023-11-30 05616462 d:RetainedEarningsAccumulatedLosses 2022-11-27 05616462 c:OrdinaryShareClass1 2022-11-28 2023-11-30 05616462 c:OrdinaryShareClass1 2023-11-30 05616462 c:OrdinaryShareClass1 2022-11-27 05616462 c:FRS102 2022-11-28 2023-11-30 05616462 c:AuditExempt-NoAccountantsReport 2022-11-28 2023-11-30 05616462 c:FullAccounts 2022-11-28 2023-11-30 05616462 c:PrivateLimitedCompanyLtd 2022-11-28 2023-11-30 05616462 e:PoundSterling 2022-11-28 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05616462









F S ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
F S ESTATES LIMITED
REGISTERED NUMBER: 05616462

BALANCE SHEET
AS AT 30 NOVEMBER 2023

30 November
27 November
2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
91,500
91,500

  
91,500
91,500

Current assets
  

Debtors: amounts falling due within one year
  
2,026
-

  
2,026
-

Creditors: amounts falling due within one year
 6 
(72,758)
(79,708)

Net current liabilities
  
 
 
(70,732)
 
 
(79,708)

Total assets less current liabilities
  
20,768
11,792

  

Net assets
  
20,768
11,792


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
20,767
11,791

  
20,768
11,792


Page 1

 
F S ESTATES LIMITED
REGISTERED NUMBER: 05616462
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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 his 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 on 30 August 2024.




Harmander Deep Singh Uppal
Director

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

Page 2

 
F S ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 05616462.  The Company's registered office is 5-6 Greenfield Crescent Edgbaston, Birmingham, West Midlands, England, B15 3BE.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

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.

Page 3

 
F S ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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

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.


3.


Employees




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

Page 4

 
F S ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

4.


Investment property





Freehold investment property

£



Valuation


At 28 November 2022
91,500



At 30 November 2023
91,500

The 2023 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

30 November
27 November
2023
2022
£
£


Trade debtors
2,026
-

2,026
-



6.


Creditors: Amounts falling due within one year

30 November
27 November
2023
2022
£
£

Corporation tax
2,106
488

Other creditors
70,652
78,395

Accruals and deferred income
-
825

72,758
79,708


Page 5

 
F S ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

7.


Share capital

30 November
27 November
2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

As at the balance sheet date, £70,652 (2022: £78,395) was due to the director. This loan is interest free and repayable on demand.

 
Page 6