Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01No description of principal activity65falsetrue 08762870 2023-01-01 2023-12-31 08762870 2022-01-01 2022-12-31 08762870 2023-12-31 08762870 2022-12-31 08762870 c:Director2 2023-01-01 2023-12-31 08762870 d:Buildings 2023-01-01 2023-12-31 08762870 d:Buildings 2023-12-31 08762870 d:Buildings 2022-12-31 08762870 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 08762870 d:PlantMachinery 2023-01-01 2023-12-31 08762870 d:PlantMachinery 2023-12-31 08762870 d:PlantMachinery 2022-12-31 08762870 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:MotorVehicles 2023-01-01 2023-12-31 08762870 d:MotorVehicles 2023-12-31 08762870 d:MotorVehicles 2022-12-31 08762870 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:FurnitureFittings 2023-01-01 2023-12-31 08762870 d:FurnitureFittings 2023-12-31 08762870 d:FurnitureFittings 2022-12-31 08762870 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:OfficeEquipment 2023-01-01 2023-12-31 08762870 d:OfficeEquipment 2023-12-31 08762870 d:OfficeEquipment 2022-12-31 08762870 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08762870 d:OtherPropertyPlantEquipment 2023-12-31 08762870 d:OtherPropertyPlantEquipment 2022-12-31 08762870 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08762870 d:CurrentFinancialInstruments 2023-12-31 08762870 d:CurrentFinancialInstruments 2022-12-31 08762870 d:Non-currentFinancialInstruments 2023-12-31 08762870 d:Non-currentFinancialInstruments 2022-12-31 08762870 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08762870 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08762870 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08762870 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08762870 d:ShareCapital 2023-12-31 08762870 d:ShareCapital 2022-12-31 08762870 d:SharePremium 2023-12-31 08762870 d:SharePremium 2022-12-31 08762870 d:RetainedEarningsAccumulatedLosses 2023-12-31 08762870 d:RetainedEarningsAccumulatedLosses 2022-12-31 08762870 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08762870 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08762870 c:FRS102 2023-01-01 2023-12-31 08762870 c:Audited 2023-01-01 2023-12-31 08762870 c:FullAccounts 2023-01-01 2023-12-31 08762870 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08762870 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















South Oxfordshire Crematorium and Memorial Park Limited
























Financial statements



For the year ended 31 December 2023



Registered number: 08762870

 
South Oxfordshire Crematorium and Memorial Park Limited - Registered number:08762870


Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Tangible assets
 4 
3,735,898
3,889,288

Current assets
  

Stocks
  
2,205
2,820

Debtors
 5 
127,426
136,985

Cash at bank and in hand
  
306,944
312,655

  
436,575
452,460

Creditors: amounts falling due within one year
 6 
(273,766)
(273,175)

Net current assets
  
 
 
162,809
 
 
179,285

Total assets less current liabilities
  
3,898,707
4,068,573

Creditors: amounts falling due after more than one year
 7 
(1,200,000)
(1,516,115)

Provisions for liabilities
  

Deferred tax
 8 
(74,344)
(86,148)

  
 
 
(74,344)
 
 
(86,148)

Net assets
  
2,624,363
2,466,310


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Share premium account
  
190,000
190,000

Profit and loss account
  
2,424,363
2,266,310

  
2,624,363
2,466,310


Page 1

 
South Oxfordshire Crematorium and Memorial Park Limited - Registered number:08762870


Statement of financial position (continued)
As at 31 December 2023

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 on 29 August 2024 and were signed on its behalf by:




C J A Penney
Director

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

Page 2

 
South Oxfordshire Crematorium and Memorial Park Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

South Oxfordshire Crematorium and Memorial Park Limited is a private company limited by shares and incorporated in England and Wales. Registered number is 08762870. Its registered office is located at The Pool House, Bicester Road, Stratton Audley, Bicester, Oxfordshire, OX27 9BS.
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 Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors monitor market developments and the potential impact on the company on an ongoing basis and remain confident that the going concern basis of accounting remains appropriate and thus the accounts have been produced on this basis.

 
2.3

Turnover

Turnover consists of income from the sale of cremation services, memorialisation options, contracts and
other services provided by the crematorium.
Turnover in relation to the provision of services is recognised at the date the service is provided. Turnover
arising from the sale of memorialisation options is recognised at the date of completion of the sale. Turnover
arising from contracts is recognised in accordance with the terms of the specified contract and when the
risks and rewards of ownership have been transferred.
Turnover is accounted for on an accruals basis and where income is received in advance, it is deferred until
the date that it meets the company’s recognition criteria.

 
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

 
South Oxfordshire Crematorium and Memorial Park Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Freehold property
-
2.67% on cost
Plant and machinery
-
6.67% on cost
Sounds systems
-
20% on cost
Fixtures and fittings
-
10% on cost
Office equipment
-
33% on cost
Roads
-
2% on cost

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
South Oxfordshire Crematorium and Memorial Park Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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.

 
2.10

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, redeemable preference shares, loans from
banks, and other third parties.

  
2.11

Redeemable preference shares

Redeemable preference shares are recognised as financial liabilities upon issuance and measured at fair value.

 
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.

Dividends on redeemable preference shares are recognised when they become legally payable and are recognised in interest payable and similar expenses


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).

Page 5


South Oxfordshire Crematorium and Memorial Park Limited
 
  
 
Notes to the financial statements
For the year ended 31 December 2023


4.


Tangible fixed assets






Freehold property
Plant and machinery
Sound systems
Fixtures and fittings
Office equipment
Roads
Total

£
£
£
£
£
£
£



Cost or valuation


At 1 January 2023
3,389,807
494,704
20,261
352,189
40,373
593,452
4,890,786


Additions
-
-
-
11,560
-
-
11,560



At 31 December 2023

3,389,807
494,704
20,261
363,749
40,373
593,452
4,902,346



Depreciation


At 1 January 2023
438,974
240,240
18,340
179,365
33,188
91,391
1,001,498


Charge for the year
79,467
32,554
960
36,136
3,960
11,873
164,950



At 31 December 2023

518,441
272,794
19,300
215,501
37,148
103,264
1,166,448



Net book value



At 31 December 2023
2,871,366
221,910
961
148,248
3,225
490,188
3,735,898



At 31 December 2022
2,950,833
254,464
1,921
172,824
7,185
502,061
3,889,288

Included in freehold property is freehold land of £628,484 (2022: £628,484) which is not depreciated.

Page 6

 
South Oxfordshire Crematorium and Memorial Park Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

5.


Debtors

2023
2022
£
£

Trade debtors
96,197
105,804

Amounts owed by related companies
7,527
5,313

Prepayments and accrued income
23,702
25,868

127,426
136,985



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
33,308
85,466

Trade creditors
13,966
26,953

Amounts owed to related companies
423
-

Corporation tax
87,347
60,693

Other taxation and social security
38,711
6,504

Other creditors
1,638
1,238

Accruals and deferred income
98,373
92,321

273,766
273,175



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
16,115

Other creditors
1,200,000
1,500,000

1,200,000
1,516,115


The other creditors balance relates to 5% redeemable preference shares of £1,200,000. The shares are redeemable 20 years from the date of issue (being 18 December 2033) or earlier at the company's discretion. These shares carry voting rights if the dividends are 90 days in arrears.
During the year, 300,000 (2022: nil) £1 redeemable preference shares were redeemed. 

Page 7

 
South Oxfordshire Crematorium and Memorial Park Limited
 
 

Notes to the financial statements
For the year ended 31 December 2023

8.


Deferred taxation




2023


£






At beginning of year
(86,148)


Charged to profit or loss
11,804



At end of year
(74,344)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(74,344)
(86,148)

(74,344)
(86,148)


9.


Contingent liabilities

At 31 December 2023 and 31 December 2022, Lloyds Bank Plc held fixed and floating charges dated 29 May 2015 covering the property of the company, the outstanding charges contains a negative pledge clause.
At 31 December 2023 and 31 December 2022, the company had no other contingent liabilities.


10.


Capital commitments

The company had no capital commitments at 31 December 2023 or 31 December 2022.




11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 29 August 2024 by Philip Westerman (Senior statutory auditor) on behalf of Buzzacott LLP.

Page 8