Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01396026 2023-04-01 2024-03-31 01396026 2022-04-01 2023-03-31 01396026 2024-03-31 01396026 2023-03-31 01396026 c:Director1 2023-04-01 2024-03-31 01396026 d:FreeholdInvestmentProperty 2024-03-31 01396026 d:FreeholdInvestmentProperty 2023-03-31 01396026 d:CurrentFinancialInstruments 2024-03-31 01396026 d:CurrentFinancialInstruments 2023-03-31 01396026 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01396026 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01396026 d:ShareCapital 2024-03-31 01396026 d:ShareCapital 2023-03-31 01396026 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 01396026 d:OtherMiscellaneousReserve 2024-03-31 01396026 d:OtherMiscellaneousReserve 2023-03-31 01396026 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 01396026 d:RetainedEarningsAccumulatedLosses 2024-03-31 01396026 d:RetainedEarningsAccumulatedLosses 2023-03-31 01396026 d:OtherDeferredTax 2024-03-31 01396026 d:OtherDeferredTax 2023-03-31 01396026 c:FRS102 2023-04-01 2024-03-31 01396026 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01396026 c:FullAccounts 2023-04-01 2024-03-31 01396026 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01396026 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01396026










ADENHURST LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ADENHURST LIMITED
REGISTERED NUMBER:01396026

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
366,500
366,500

  
366,500
366,500

Current assets
  

Debtors: amounts falling due within one year
 5 
1,937
4,483

Cash at bank and in hand
 6 
8,300
9,187

  
10,237
13,670

Creditors: amounts falling due within one year
 7 
(5,909)
(19,215)

Net current assets/(liabilities)
  
 
 
4,328
 
 
(5,545)

Total assets less current liabilities
  
370,828
360,955

Provisions for liabilities
  

Deferred tax
 8 
(53,731)
(53,731)

  
 
 
(53,731)
 
 
(53,731)

Net assets
  
317,097
307,224


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 9 
259,983
259,983

Profit and loss account
 9 
57,014
47,141

  
317,097
307,224

Page 1

 
ADENHURST LIMITED
REGISTERED NUMBER:01396026
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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: 




Mr R Winfield
Director

Date: 12 September 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
ADENHURST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Adenhurst Limited is a private company limited by shares and incorporated in England and Wales. The registered address is 24 Patshull Road, London, NW5 2JY. The company's registered number is 01396026.

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 following principal accounting policies have been applied:

 
2.2

Revenue

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

Rental
Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates. 

 
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.

Page 3

 
ADENHURST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 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.

 
2.5

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 profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, 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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
ADENHURST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 

Page 5

 
ADENHURST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
366,500



At 31 March 2024
366,500








Page 6

 
ADENHURST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
1,799
2,999

Prepayments and accrued income
138
1,484

1,937
4,483



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,300
9,187



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
669

Accruals and deferred income
5,909
18,546

5,909
19,215


Page 7

 
ADENHURST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
(53,731)



At end of year
(53,731)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gains
(53,731)
(53,731)

(53,731)
(53,731)


9.


Reserves

Other reserves

The other reserves comprises of the balance of revaluations relating to the investment property net of deferred tax on gain.

Profit and loss account

The profit and loss account comprises of the balance of profits accumulated over the life of the company.

10.


Related party Transactions

Included in other debtors is a loan to the value of £1,799 (2023: £2,999) owed by the director of the company.
 
Page 8