Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31holding an option over land.true2023-01-261falsetrue 14617768 2023-01-25 14617768 2023-01-26 2023-12-31 14617768 2022-01-26 2023-01-25 14617768 2023-12-31 14617768 c:Director2 2023-01-26 2023-12-31 14617768 d:CurrentFinancialInstruments 2023-12-31 14617768 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14617768 d:ShareCapital 2023-12-31 14617768 c:OrdinaryShareClass1 2023-01-26 2023-12-31 14617768 c:OrdinaryShareClass1 2023-12-31 14617768 c:EntityHasNeverTraded 2023-01-26 2023-12-31 14617768 c:FRS102 2023-01-26 2023-12-31 14617768 c:AuditExempt-NoAccountantsReport 2023-01-26 2023-12-31 14617768 c:FullAccounts 2023-01-26 2023-12-31 14617768 c:PrivateLimitedCompanyLtd 2023-01-26 2023-12-31 14617768 6 2023-01-26 2023-12-31 14617768 e:PoundSterling 2023-01-26 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14617768









EXAGEN NORMANTON LAND LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
EXAGEN NORMANTON LAND LTD
REGISTERED NUMBER: 14617768

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
  
1

  
1

Current assets
  

Debtors: amounts falling due within one year
 5 
100

  
100

Creditors: amounts falling due within one year
  
(1)

Net current assets
  
 
 
99

Total assets less current liabilities
  
100

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
 7 
100

  
100


For the Period ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the Period 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 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: 




D Kemp
Page 1

 
EXAGEN NORMANTON LAND LTD
REGISTERED NUMBER: 14617768
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

Director

Date: 25 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
EXAGEN NORMANTON LAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The principal activity of the company is that of holding an option over land.

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

Going concern

At the balance sheet date, the company's liabilities exceeded assets. The company is reliant on
continued support from the parent company. The directors confirm that they expect the support to
continue for the foreseeable future. For this reason, they continue to adopt the going concern basis in
preparing the accounts

 
2.3

Valuation of investments

Investments in the option to purchase land is recognised at its premium value.

 
2.4

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.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional
restrictions.
(ii) Financial liabilities
 
Page 3

 
EXAGEN NORMANTON LAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the Period was 1.


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


Additions
1



At 31 December 2023
1





5.


Debtors

2023
£


Called up share capital not paid
100

Page 4

 
EXAGEN NORMANTON LAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.Debtors (continued)



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
1



7.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, 100 Ordinary shares of £1 each were issued.


8.


Related party transactions

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.


9.


Controlling party

Under FRS 102 section 1AC.34, the details of the ultimate parent company are:
Exagen Group Ltd
Registered office address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
The entity is a subsidiary, and the financial statements have been consolidated into the ultimate parent company's group accounts

Page 5