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 01990262 2023-01-01 2023-12-31 01990262 2022-01-01 2022-12-31 01990262 2023-12-31 01990262 2022-12-31 01990262 c:Director2 2023-01-01 2023-12-31 01990262 d:FreeholdInvestmentProperty 2023-12-31 01990262 d:FreeholdInvestmentProperty 2022-12-31 01990262 d:CurrentFinancialInstruments 2023-12-31 01990262 d:CurrentFinancialInstruments 2022-12-31 01990262 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01990262 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01990262 d:ShareCapital 2023-12-31 01990262 d:ShareCapital 2022-12-31 01990262 d:RevaluationReserve 2023-12-31 01990262 d:RevaluationReserve 2022-12-31 01990262 d:RetainedEarningsAccumulatedLosses 2023-12-31 01990262 d:RetainedEarningsAccumulatedLosses 2022-12-31 01990262 c:FRS102 2023-01-01 2023-12-31 01990262 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01990262 c:FullAccounts 2023-01-01 2023-12-31 01990262 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01990262 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 01990262 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 01990262 d:OtherDeferredTax 2023-12-31 01990262 d:OtherDeferredTax 2022-12-31 01990262 2 2023-01-01 2023-12-31 01990262 5 2023-01-01 2023-12-31 01990262 6 2023-01-01 2023-12-31 01990262 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01990262










EASTLEA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EASTLEA LIMITED
REGISTERED NUMBER:01990262

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
  
531,946
496,638

Investment property
 5 
230,000
230,000

  
761,946
726,638

Current assets
  

Stocks
  
226,572
223,130

Debtors
 6 
1,065
5,944

Cash at bank and in hand
  
909,592
919,831

  
1,137,229
1,148,905

Creditors: amounts falling due within one year
 7 
(5,323)
(9,670)

Net current assets
  
 
 
1,131,906
 
 
1,139,235

Total assets less current liabilities
  
1,893,852
1,865,873

Provisions for liabilities
  

Deferred tax
 8 
(195)
-

  
 
 
(195)
 
 
-

Net assets
  
1,893,657
1,865,873


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
27,595
27,595

Profit and loss account
  
1,865,962
1,838,178

  
1,893,657
1,865,873


Page 1

 
EASTLEA LIMITED
REGISTERED NUMBER:01990262
    
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 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 income statement 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: 




................................................
J D S Goodman
Director

Date: 23 August 2024

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

Page 2

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

1.


General information

Eastlea Limited is a private company limited by shares and incorporated in England and Wales, registration number 01990262.  The registered office is C/O Larking Gowen, 1st Floor, Prospect House, Rouen Road, Norwich, NR1 1RE.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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 the Income statement.

Page 4

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

2.Accounting policies (continued)

 
2.7

Valuation of investments

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 Income statement 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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

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

Page 5

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

4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2023
496,638


Additions
11,022


Revaluations
24,286



At 31 December 2023
531,946





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
230,000



At 31 December 2023
230,000

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




Page 6

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

6.


Debtors


2023
2022
£
£



Prepayments and accrued income
1,065
552

Deferred taxation
-
5,392

1,065
5,944



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
468
3,161

Accruals and deferred income
4,855
6,509

5,323
9,670



8.


Deferred taxation




2023


£






At beginning of year
5,392


Charged to profit or loss
(5,587)



At end of year
(195)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Losses and other deductions
7,984
7,500

Capital Gains
(8,179)
(2,108)

(195)
5,392

 
Page 7