Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true44true2023-01-01falseCar park servicesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09899643 2023-01-01 2023-12-31 09899643 2022-01-01 2022-12-31 09899643 2023-12-31 09899643 2022-12-31 09899643 1 2023-01-01 2023-12-31 09899643 d:Director3 2023-01-01 2023-12-31 09899643 c:CurrentFinancialInstruments 2023-12-31 09899643 c:CurrentFinancialInstruments 2022-12-31 09899643 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 09899643 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 09899643 c:ShareCapital 2023-12-31 09899643 c:ShareCapital 2022-12-31 09899643 c:RetainedEarningsAccumulatedLosses 2023-12-31 09899643 c:RetainedEarningsAccumulatedLosses 2022-12-31 09899643 d:OrdinaryShareClass1 2023-01-01 2023-12-31 09899643 d:OrdinaryShareClass1 2023-12-31 09899643 d:OrdinaryShareClass1 2022-12-31 09899643 d:FRS102 2023-01-01 2023-12-31 09899643 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09899643 d:FullAccounts 2023-01-01 2023-12-31 09899643 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09899643










FAIRACRE (ASHTON) CAR PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FAIRACRE (ASHTON) CAR PARK LIMITED
REGISTERED NUMBER: 09899643

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
36,041
47,314

Cash and cash equivalents
 6 
98,445
51,263

  
134,486
98,577

Creditors: amounts falling due within one year
 7 
(131,613)
(95,401)

Net current assets
  
 
 
2,873
 
 
3,176

Total assets less current liabilities
  
2,873
3,176

  

Net assets
  
2,873
3,176


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
2,773
3,076

Total equity
  
2,873
3,176


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 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: 




S H Russell
Director

Date: 3 September 2024

Page 1

 
FAIRACRE (ASHTON) CAR PARK LIMITED
REGISTERED NUMBER: 09899643
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FAIRACRE (ASHTON) CAR PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Fairacre (Ashton) Car Park Limited is a private company limited by shares, registered in England and Wales. Its registered office is 2a Charing Cross Road, London, WC2H 0HF.                                             

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.

 
2.3

Revenue

Revenue comprises receipts from the management and operation of the car park. Revenue is recognised on customers' exit of the car park.

 
2.4

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.

 
2.5

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.

 
2.6

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 3

 
FAIRACRE (ASHTON) CAR PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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.

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires the use of critical judgement, estimates and assumptions that affect the application of policies and reported amount of assets and liabilities, income and expenses.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022: 4).


5.


Debtors: amounts falling due within one year

2023
2022
£
£


Trade debtors
4,591
4,519

Other debtors
23,770
42,599

Prepayments and accrued income
7,680
-

Tax recoverable
-
196

36,041
47,314



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
98,445
51,263


Page 4

 
FAIRACRE (ASHTON) CAR PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
112,980
77,868

Accruals and deferred income
18,633
17,533

131,613
95,401


The amounts owed to group undertakings are unsecured, interest free and repayable on demand.


8.


Called up share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022: 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.


10.


Post balance sheet events

There were no material events subsequent to the year end that are required to be disclosed.


11.


Controlling party

As at the date of this annual report, Fairacre Ashton (Car Park) Limited is a wholly owned subsidiary of Fairacre UK Retail Properties (Ashton) Limited which is incorporated in Jersey.

Page 5