Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity0falsetruefalse 00611409 2023-01-01 2023-12-31 00611409 2023-12-31 00611409 2022-01-01 2022-12-31 00611409 2022-12-31 00611409 c:Director1 2023-01-01 2023-12-31 00611409 d:PlantMachinery 2023-01-01 2023-12-31 00611409 d:PlantMachinery 2023-12-31 00611409 d:PlantMachinery 2022-12-31 00611409 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00611409 d:CurrentFinancialInstruments 2023-12-31 00611409 d:CurrentFinancialInstruments 2022-12-31 00611409 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00611409 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00611409 d:ShareCapital 2023-12-31 00611409 d:ShareCapital 2022-12-31 00611409 d:RetainedEarningsAccumulatedLosses 2023-12-31 00611409 d:RetainedEarningsAccumulatedLosses 2022-12-31 00611409 c:FRS102 2023-01-01 2023-12-31 00611409 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00611409 c:FullAccounts 2023-01-01 2023-12-31 00611409 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00611409 6 2023-01-01 2023-12-31 00611409 d:Right-of-useInvestmentProperty 2023-01-01 2023-12-31 00611409 d:Right-of-useInvestmentProperty 2023-12-31 00611409 d:Right-of-useInvestmentProperty 2022-12-31 00611409 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 00611409







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


HARTCRAN INVESTMENTS LIMITED






































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HARTCRAN INVESTMENTS LIMITED
REGISTERED NUMBER:00611409



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
830
1,107

Investments
 5 
2,800
2,800

Investment property
 6 
6,638,380
6,639,730

  
6,642,010
6,643,637

Current assets
  

Debtors: amounts falling due within one year
 7 
10,813
9,110

Cash at bank and in hand
  
1,178,150
1,034,657

  
1,188,963
1,043,767

Creditors: amounts falling due within one year
 8 
(123,499)
(93,023)

Net current assets
  
 
 
1,065,464
 
 
950,744

Total assets less current liabilities
  
7,707,474
7,594,381

Provisions for liabilities
  

Deferred tax
  
(104,927)
(104,927)

  
 
 
(104,927)
 
 
(104,927)

Net assets
  
7,602,547
7,489,454


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
7,602,347
7,489,254

  
7,602,547
7,489,454


Page 1

 


HARTCRAN INVESTMENTS LIMITED
REGISTERED NUMBER:00611409


    
STATEMENT OF FINANCIAL POSITION (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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 

................................................
N R M Kebbell
Director
Date: 2 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


HARTCRAN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Hartcran Investments Limited is a private Company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

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 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.

The following principal accounting policies have been applied:

 
2.2

Turnover

The company's turnover represents the value excluding Value Added Tax, of rental income receivable during the year. Rental income is accounted for on a straight line basis over the lease term.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


HARTCRAN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 equipment
-
3 year 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.

 
2.5

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.7

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any idication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

 
2.8

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.

Basic financial assets
Short term debtors are measured at transaction price less any provision for impairement. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
 
Page 4

 


HARTCRAN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
3,323



At 31 December 2023

3,323



Depreciation


At 1 January 2023
2,216


Charge for the year on owned assets
277



At 31 December 2023

2,493



Net book value



At 31 December 2023
830



At 31 December 2022
1,107

Page 5

 


HARTCRAN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
2,800



At 31 December 2023
2,800





6.


Investment property


Property under construction

£



Valuation


At 1 January 2023
6,639,730


Disposals
(1,350)



At 31 December 2023
6,638,380

All investment property is held in the UK. The 2023 valuations were made by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Cost
5,407,454
5,407,454

5,407,454
5,407,454


7.


Debtors

2023
2022
£
£


Other debtors
156
156

Prepayments and accrued income
10,657
8,954

10,813
9,110


Page 6

 


HARTCRAN INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,118
-

Corporation tax
65,999
38,299

Other creditors
4,983
4,944

Accruals and deferred income
50,399
49,780

123,499
93,023


 
Page 7