Caseware UK (AP4) 2023.0.135 2023.0.135 trueproperty development and planning consultantstrue2023-01-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 668893 2023-01-01 2023-12-31 668893 2022-01-01 2022-12-31 668893 2023-12-31 668893 2022-12-31 668893 2022-01-01 668893 1 2022-01-01 2022-12-31 668893 d:Director1 2023-01-01 2023-12-31 668893 e:PlantMachinery 2023-01-01 2023-12-31 668893 e:PlantMachinery 2023-12-31 668893 e:PlantMachinery 2022-12-31 668893 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 668893 e:LeaseholdInvestmentProperty 2023-12-31 668893 e:LeaseholdInvestmentProperty 2022-12-31 668893 e:CurrentFinancialInstruments 2023-12-31 668893 e:CurrentFinancialInstruments 2022-12-31 668893 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 668893 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 668893 e:ShareCapital 2023-12-31 668893 e:ShareCapital 2022-12-31 668893 e:ShareCapital 2022-01-01 668893 e:InvestmentPropertiesRevaluationReserve 2023-12-31 668893 e:InvestmentPropertiesRevaluationReserve 2022-12-31 668893 e:InvestmentPropertiesRevaluationReserve 2022-01-01 668893 e:InvestmentPropertiesRevaluationReserve 1 2022-01-01 2022-12-31 668893 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 668893 e:RetainedEarningsAccumulatedLosses 2023-12-31 668893 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 668893 e:RetainedEarningsAccumulatedLosses 2022-12-31 668893 e:RetainedEarningsAccumulatedLosses 2022-01-01 668893 d:FRS102 2023-01-01 2023-12-31 668893 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 668893 d:FullAccounts 2023-01-01 2023-12-31 668893 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 668893 e:OtherDeferredTax 2023-12-31 668893 e:OtherDeferredTax 2022-12-31 668893 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 668893





 
R.J. Isbell & Son (East Anglia) Limited          
 
Financial statements          

For the year ended 31 December 2023          

 
R.J. Isbell & Son (East Anglia) Limited
Registered number:668893

Balance sheet
As at 31 December 2023


2023 

2022  
                                                                          Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
697
774

Investment property
 5 
400,000
400,000

  
400,697
400,774

Current assets
  

Stock
 6 
7,967
7,967

Debtors
 7 
8,975
7,890

Cash at bank and in hand
 8 
79,871
83,430

  
96,813
99,287

Creditors: amounts falling due within one year
 9 
(3,397)
(3,785)

Net current assets
  
 
 
93,416
 
 
95,502

Provisions for liabilities
  

Deferred tax
 10 
(32,172)
(32,172)

Net assets
  
461,941
464,104


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Investment property revaluation reserve
  
193,686
193,686

Profit and loss account
  
258,255
260,418

  
461,941
464,104


The director considers 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 director acknowledges his 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 company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.


 

Page 1

 
R.J. Isbell & Son (East Anglia) Limited
Registered number:668893
    
Balance sheet (continued)
As at 31 December 2023

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 24 September 2024.







P.C. Isbell
Director






















The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
R.J. Isbell & Son (East Anglia) Limited
 

Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
10,000
75,858
261,208
347,066



Profit for the year
-
-
117,038
117,038

Transfer between reserves
-
-
(117,828)
(117,828)

Transfer between reserves
-
117,828
-
117,828



At 1 January 2023
10,000
193,686
260,418
464,104



Loss for the year
-
-
(2,163)
(2,163)


At 31 December 2023
10,000
193,686
258,255
461,941


















The notes on pages 4 to 9 form part of these financial statements.
Page 3

 
R.J. Isbell & Son (East Anglia) Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

R.J. Isbell & Son (East Anglia) Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex SS11 7HQ.

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

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:

Rendering of services

Revenue 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 revenue 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

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 at the following rate:

Plant and machinery
-
10%
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.

Page 4

 
R.J. Isbell & Son (East Anglia) Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director, having regard to professional advice taken personally, and is 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 Profit and Loss Account.

 
2.5

Stock

Stock is 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. 
At each balance sheet date, stock is 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.

 
2.6

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.

 
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.

Page 5

 
R.J. Isbell & Son (East Anglia) Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
R.J. Isbell & Son (East Anglia) Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 January 2023
11,233



At 31 December 2023

11,233



Depreciation


At 1 January 2023
10,459


Charge for the year 
77



At 31 December 2023

10,536



Net book value



At 31 December 2023
697



At 31 December 2022
774

Page 7

 
R.J. Isbell & Son (East Anglia) Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 January 2023
400,000



At 31 December 2023
400,000

The 2023 valuations were made by the director, having regard to professional advice taken personally, on an open market value for existing use basis.



If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

2023
2022
£
£


Historic cost
174,142
174,142


6.


Stock

2023
2022
£
£

Land
7,967
7,967



7.


Debtors

2023
2022
£
£


Trade debtors
200
240

Amounts owed by associated company
7,650
7,650

Other debtors
56
-

Prepayments
1,069
-

8,975
7,890


Page 8

 
R.J. Isbell & Son (East Anglia) Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
79,871
83,430



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
229

Taxation and social security
-
743

Other creditors
1,197
663

Accruals and deferred income
2,200
2,150

3,397
3,785



10.


Deferred taxation




2023


£






At beginning of year
32,172



At end of year
32,172

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Unrealised surplus on revalued investment property
32,172
32,172


11.


Related party transactions

At the balance sheet date the company was owed £7,650 (2022 - £7,650) from R.J. Isbell & Son Limited, a company under the control of common directors. No interest is charged on this loan.

 
Page 9