Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falsefalseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 9248743 2023-04-01 2024-03-31 9248743 2022-04-01 2023-03-31 9248743 2024-03-31 9248743 2023-03-31 9248743 c:Director1 2023-04-01 2024-03-31 9248743 d:MotorVehicles 2023-04-01 2024-03-31 9248743 d:MotorVehicles 2024-03-31 9248743 d:MotorVehicles 2023-03-31 9248743 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 9248743 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 9248743 d:OfficeEquipment 2023-04-01 2024-03-31 9248743 d:OfficeEquipment 2024-03-31 9248743 d:OfficeEquipment 2023-03-31 9248743 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 9248743 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 9248743 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 9248743 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 9248743 d:CurrentFinancialInstruments 2024-03-31 9248743 d:CurrentFinancialInstruments 2023-03-31 9248743 d:Non-currentFinancialInstruments 2024-03-31 9248743 d:Non-currentFinancialInstruments 2023-03-31 9248743 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 9248743 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 9248743 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 9248743 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 9248743 d:ShareCapital 2024-03-31 9248743 d:ShareCapital 2023-03-31 9248743 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 9248743 d:OtherMiscellaneousReserve 2024-03-31 9248743 d:OtherMiscellaneousReserve 2023-03-31 9248743 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 9248743 d:RetainedEarningsAccumulatedLosses 2024-03-31 9248743 d:RetainedEarningsAccumulatedLosses 2023-03-31 9248743 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 9248743 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 9248743 c:OrdinaryShareClass1 2023-04-01 2024-03-31 9248743 c:OrdinaryShareClass1 2024-03-31 9248743 c:OrdinaryShareClass1 2023-03-31 9248743 c:OrdinaryShareClass2 2023-04-01 2024-03-31 9248743 c:OrdinaryShareClass2 2024-03-31 9248743 c:OrdinaryShareClass2 2023-03-31 9248743 c:FRS102 2023-04-01 2024-03-31 9248743 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 9248743 c:FullAccounts 2023-04-01 2024-03-31 9248743 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 9248743 2 2023-04-01 2024-03-31 9248743 6 2023-04-01 2024-03-31 9248743 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 9248743 d:OtherDeferredTax 2024-03-31 9248743 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 9248743 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 9248743










COURTLANDS ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024



 
COURTLANDS ASSOCIATES LIMITED
REGISTERED NUMBER: 9248743

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,453
51,698

Investments
 5 
359,534
311,450

  
399,987
363,148

Current assets
  

Debtors: amounts falling due within one year
 6 
5,581
2,335

Cash at bank and in hand
 7 
60,462
71,213

  
66,043
73,548

Creditors: amounts falling due within one year
 8 
(13,163)
(18,018)

Net current assets
  
 
 
52,880
 
 
55,530

Total assets less current liabilities
  
452,867
418,678

Creditors: amounts falling due after more than one year
 9 
(28,081)
(31,407)

Provisions for liabilities
  

Deferred tax
 11 
(15,144)
(22,027)

  
 
 
(15,144)
 
 
(22,027)

Net assets
  
409,642
365,244


Capital and reserves
  

Called up share capital 
 12 
200
200

Other reserves
 13 
31,796
52,030

Profit and loss account
 13 
377,646
313,014

  
409,642
365,244


Page 1

 
COURTLANDS ASSOCIATES LIMITED
REGISTERED NUMBER: 9248743

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 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: 




P Dixon
Director

Date: 17 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
COURTLANDS ASSOCIATES LIMITED
 

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

1.Accounting policies

 
1.1

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:

 
1.2

Revenue

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.

 
1.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
1.4

Valuation of investments

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

Page 3

 
COURTLANDS ASSOCIATES LIMITED
 

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

1.Accounting policies (continued)

 
1.5

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.

 
1.6

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.

 
1.7

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.

 
1.8

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

 
1.9

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.

 
1.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
COURTLANDS ASSOCIATES LIMITED
 

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

1.Accounting policies (continued)

 
1.12

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.


General information

Courtlands Associates Limited is a limited company incorporated in England and Wales. The Company’s registered office address is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent, TN3 8AD.


3.


Employees



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

Page 5

 
COURTLANDS ASSOCIATES LIMITED
 

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

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
50,050
3,260
53,310


Additions
-
1,978
1,978



At 31 March 2024

50,050
5,238
55,288



Depreciation


At 1 April 2023
34
1,578
1,612


Charge for the year on owned assets
-
719
719


Charge for the year on financed assets
12,504
-
12,504



At 31 March 2024

12,538
2,297
14,835



Net book value



At 31 March 2024
37,512
2,941
40,453



At 31 March 2023
50,016
1,682
51,698

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
37,512
50,016

Page 6

 
COURTLANDS ASSOCIATES LIMITED
 

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

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
311,450


Additions
38,856


Disposals
(39,358)


Revaluations
48,586



At 31 March 2024
359,534





6.


Debtors

2024
2023
£
£


Trade debtors
2,946
-

Other debtors
2,635
2,335

5,581
2,335



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
60,462
71,213



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Obligations under finance lease and hire purchase contracts
3,628
3,628

Other taxation and social security
7,914
9,442

Directors' loan account
16
3,248

Other creditors
1,605
1,700

13,163
18,018


Page 7

 
COURTLANDS ASSOCIATES LIMITED
 

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

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
28,081
31,407



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
419,996
382,662




Financial assets measured at fair value through profit or loss comprise cash held.


11.


Deferred taxation



2024


£






At beginning of year
(22,027)


Charged to profit or loss
6,883



At end of year
(15,144)

The provision for deferred taxation is made up as follows:

2024
£


Accelerated capital allowances
(7,686)

Profit from changes in fair value
(7,458)

(15,144)

Page 8

 
COURTLANDS ASSOCIATES LIMITED
 

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

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) A Ordinary shares of £1.00 each
100
100
100 (2023 - 100) B Ordinary shares of £1.00 each
100
100

200

200



13.


Reserves

Other reserves

Fair value reserves includes the movement in the fair value of the fixed asset investments.

Profit and loss account

Includes all current and prior period retained profits and losses from trading.


Page 9