Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true2023-02-01falseNo description of principal activity2truefalse 12090552 2023-02-01 2024-01-31 12090552 2022-02-01 2023-01-31 12090552 2024-01-31 12090552 2023-01-31 12090552 c:Director1 2023-02-01 2024-01-31 12090552 d:CurrentFinancialInstruments 2024-01-31 12090552 d:CurrentFinancialInstruments 2023-01-31 12090552 d:Non-currentFinancialInstruments 2024-01-31 12090552 d:Non-currentFinancialInstruments 2023-01-31 12090552 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12090552 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12090552 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12090552 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12090552 d:ShareCapital 2024-01-31 12090552 d:ShareCapital 2023-01-31 12090552 d:RetainedEarningsAccumulatedLosses 2024-01-31 12090552 d:RetainedEarningsAccumulatedLosses 2023-01-31 12090552 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12090552 c:OrdinaryShareClass1 2024-01-31 12090552 c:OrdinaryShareClass1 2023-01-31 12090552 c:FRS102 2023-02-01 2024-01-31 12090552 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12090552 c:FullAccounts 2023-02-01 2024-01-31 12090552 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12090552 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12090552









EIGHT ESTATE MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
EIGHT ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER: 12090552

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
244
166

Cash at bank and in hand
  
1,494
4,184

  
1,738
4,350

Creditors: amounts falling due within one year
 5 
(64,947)
(48,509)

NET CURRENT LIABILITIES
  
 
 
(63,209)
 
 
(44,159)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(63,209)
(44,159)

Creditors: amounts falling due after more than one year
 6 
(14,167)
(24,167)

  

NET LIABILITIES
  
(77,376)
(68,326)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(77,377)
(68,327)

  
(77,376)
(68,326)


Page 1

 
EIGHT ESTATE MANAGEMENT LIMITED
REGISTERED NUMBER: 12090552
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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: 




D Lodge
Director

Date: 6 September 2024

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

Page 2

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

Eight Estate Management Limited is a private company limited by shares and incorporated in England and
Wales. Its registered address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's principal trading address is 78 Wellbrook Way, Girton, Cambridge, CB3 0GP.
The Company's functional and presentational currency is GBP.

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

GOING CONCERN

The Company  had net liabilities of £77,376 as at 31 January 2024 (2023 - £68,326). The financial statements are prepared on the going concern basison the assumption that the Company will continue to receive financial support from connectedcompanies and its shareholders to provide sufficient funds to enable it to meet its liabilities as theyfall due.

 
2.3

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.

 
2.4

BORROWING COSTS

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

Page 3

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.

 
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

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.

 
2.8

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 year was 2 (2023 - 2).

Page 4

 
EIGHT ESTATE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


DEBTORS

2024
2023
£
£


Other debtors
244
166



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
10,037
3,537

Amounts owed to group undertakings
41,074
28,972

Accruals and deferred income
3,836
6,000

64,947
48,509


Included in bank loans is a Government backed 'bounce back' loan of £10,000 (2023 - £10,000), which was drawn down in June 2020. The loan is 100% guaranteed by the Government and there were no fees or interest payable by the Company in the first 12 months. After this 12 month period, interest was charged at 2.5% per annum. The first instalment was paid in July 2021.


6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
14,167
24,167


Included in bank loans is a Government backed 'bounce back' loan of £14,167 (2023 - £24,167), which was drawn down in June 2020. The loan is 100% guaranteed by the Government and there were no fees or interest payable by the Company in the first 12 months. After this 12 month period, interest was charged at 2.5% per annum. The first instalment was paid in July 2021.


7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1


 
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