Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07434805 2023-01-01 2023-12-31 07434805 2022-01-01 2022-12-31 07434805 2023-12-31 07434805 2022-12-31 07434805 c:Director2 2023-01-01 2023-12-31 07434805 d:PlantMachinery 2023-01-01 2023-12-31 07434805 d:PlantMachinery 2023-12-31 07434805 d:PlantMachinery 2022-12-31 07434805 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07434805 d:MotorVehicles 2023-01-01 2023-12-31 07434805 d:MotorVehicles 2023-12-31 07434805 d:MotorVehicles 2022-12-31 07434805 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07434805 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07434805 d:CurrentFinancialInstruments 2023-12-31 07434805 d:CurrentFinancialInstruments 2022-12-31 07434805 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07434805 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07434805 d:ShareCapital 2023-12-31 07434805 d:ShareCapital 2022-12-31 07434805 d:RetainedEarningsAccumulatedLosses 2023-12-31 07434805 d:RetainedEarningsAccumulatedLosses 2022-12-31 07434805 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07434805 c:OrdinaryShareClass1 2023-12-31 07434805 c:OrdinaryShareClass1 2022-12-31 07434805 c:FRS102 2023-01-01 2023-12-31 07434805 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07434805 c:FullAccounts 2023-01-01 2023-12-31 07434805 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07434805 2 2023-01-01 2023-12-31 07434805 6 2023-01-01 2023-12-31 07434805 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07434805










SUTTON COURT TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SUTTON COURT TRADING LIMITED
REGISTERED NUMBER: 07434805

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,169
1,400

Investments
 5 
664,375
665,410

  
665,544
666,810

Current assets
  

Debtors: amounts falling due within one year
 6 
111,507
164,321

Cash at bank and in hand
 7 
18,482
52,612

  
129,989
216,933

Creditors: amounts falling due within one year
 8 
(121,413)
(176,160)

Net current assets
  
 
 
8,576
 
 
40,773

Total assets less current liabilities
  
674,120
707,583

  

Net assets
  
674,120
707,583


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
674,020
707,483

  
674,120
707,583


Page 1

 
SUTTON COURT TRADING LIMITED
REGISTERED NUMBER: 07434805
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 year 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 profit and loss account 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: 




Nelson Kilbey
Director

Date: 3 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SUTTON COURT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sutton Court Trading Limited, 07434805, is a private limited company, limited by shares, incorporated in
England and Wales, with a registered office address and principal place of business at 3 Whitehill Close,
Newton Abbot, Devon, TQ12 6QY.

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.

Page 3

 
SUTTON COURT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
SUTTON COURT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 year was 2 (2022 - 2).

Page 5

 
SUTTON COURT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
2,800
13,959
16,759


Additions
625
-
625



At 31 December 2023

3,425
13,959
17,384



Depreciation


At 1 January 2023
1,400
13,959
15,359


Charge for the year on owned assets
856
-
856



At 31 December 2023

2,256
13,959
16,215



Net book value



At 31 December 2023
1,169
-
1,169



At 31 December 2022
1,400
-
1,400


5.


Fixed asset investments





Partnership Investment
Limited Company Investment
Total

£
£
£



Cost or valuation


At 1 January 2023
665,410
-
665,410


Additions
135,494
15,000
150,494


Disposals
(151,529)
-
(151,529)



At 31 December 2023
649,375
15,000
664,375




Page 6

 
SUTTON COURT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
51,057
4,502

Other debtors
60,450
159,819

111,507
164,321



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,482
52,612

18,482
52,612



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
827
484

Other taxation and social security
36,934
31,199

Other creditors
82,326
143,432

Accruals and deferred income
1,326
1,045

121,413
176,160



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100


Page 7

 
SUTTON COURT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £191 (2022 - £245) .
Contributions totalling £6 (2022 - £Nil) were payable to the fund at the balance sheet date and are
included in creditors.

 
Page 8