Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity64falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03587027 2023-04-01 2024-03-31 03587027 2022-04-01 2023-03-31 03587027 2024-03-31 03587027 2023-03-31 03587027 c:Director1 2023-04-01 2024-03-31 03587027 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 03587027 d:Buildings d:LongLeaseholdAssets 2024-03-31 03587027 d:Buildings d:LongLeaseholdAssets 2023-03-31 03587027 d:FurnitureFittings 2023-04-01 2024-03-31 03587027 d:FurnitureFittings 2024-03-31 03587027 d:FurnitureFittings 2023-03-31 03587027 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03587027 d:ComputerEquipment 2023-04-01 2024-03-31 03587027 d:ComputerEquipment 2024-03-31 03587027 d:ComputerEquipment 2023-03-31 03587027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03587027 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03587027 d:Goodwill 2023-04-01 2024-03-31 03587027 d:Goodwill 2024-03-31 03587027 d:Goodwill 2023-03-31 03587027 d:ComputerSoftware 2024-03-31 03587027 d:ComputerSoftware 2023-03-31 03587027 d:CurrentFinancialInstruments 2024-03-31 03587027 d:CurrentFinancialInstruments 2023-03-31 03587027 d:Non-currentFinancialInstruments 2024-03-31 03587027 d:Non-currentFinancialInstruments 2023-03-31 03587027 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03587027 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03587027 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03587027 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03587027 d:ShareCapital 2024-03-31 03587027 d:ShareCapital 2023-03-31 03587027 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 03587027 d:OtherMiscellaneousReserve 2024-03-31 03587027 d:OtherMiscellaneousReserve 2023-03-31 03587027 d:RetainedEarningsAccumulatedLosses 2024-03-31 03587027 d:RetainedEarningsAccumulatedLosses 2023-03-31 03587027 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03587027 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03587027 c:FRS102 2023-04-01 2024-03-31 03587027 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03587027 c:FullAccounts 2023-04-01 2024-03-31 03587027 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03587027 2 2023-04-01 2024-03-31 03587027 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 03587027 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 03587027 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03587027










BOURNE BUILDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BOURNE BUILDINGS LIMITED
REGISTERED NUMBER: 03587027

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
633,024
731,040

Tangible assets
 5 
17,654
3,826

  
650,678
734,866

Current assets
  

Stocks
  
25,549
28,387

Debtors
  
42,396
26,398

Cash at bank and in hand
 6 
354,419
582,154

  
422,364
636,939

Creditors: amounts falling due within one year
 7 
(258,980)
(235,238)

Net current assets
  
 
 
163,384
 
 
401,701

Total assets less current liabilities
  
814,062
1,136,567

Creditors: amounts falling due after more than one year
 8 
(456,033)
(527,821)

Provisions for liabilities
  

Deferred tax
 9 
(6,490)
(5,717)

  
 
 
(6,490)
 
 
(5,717)

Net assets
  
351,539
603,029


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
 10 
115,806
115,806

Profit and loss account
 10 
235,731
487,221

  
351,539
603,029

Page 1

 
BOURNE BUILDINGS LIMITED
REGISTERED NUMBER: 03587027
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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: 






C F Mckay
Director
Date: 19 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

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

1.


General information

Bourne Buildings Limited, (03587027), is a private company limited by shares. It is incorporated in
England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, England,
GU9 7PT.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

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

Page 3

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

2.Accounting policies (continued)

 
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.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

Page 4

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

2.Accounting policies (continued)

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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:

Long-term leasehold property
-
Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

 
2.9

Stocks

Stocks are 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. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are 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.

Page 5

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 6 (2023 - 4).

Page 6

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

4.


Intangible assets




Website development
Goodwill
Total

£
£
£



Cost


At 1 April 2023
20,160
960,000
980,160



At 31 March 2024

20,160
960,000
980,160



Amortisation


At 1 April 2023
1,120
248,000
249,120


Charge for the year on owned assets
2,016
96,000
98,016



At 31 March 2024

3,136
344,000
347,136



Net book value



At 31 March 2024
17,024
616,000
633,024



At 31 March 2023
19,040
712,000
731,040



Page 7

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

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
5,280
1,218
6,498


Additions
15,906
-
258
16,164



At 31 March 2024

15,906
5,280
1,476
22,662



Depreciation


At 1 April 2023
-
2,316
356
2,672


Charge for the year on owned assets
1,326
741
269
2,336



At 31 March 2024

1,326
3,057
625
5,008



Net book value



At 31 March 2024
14,580
2,223
851
17,654



At 31 March 2023
-
2,964
862
3,826


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
354,419
582,154


Page 8

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,749
13,541

Corporation tax
81,355
95,504

Other taxation and social security
72,307
48,748

Other creditors
95,869
72,745

Accruals and deferred income
4,700
4,700

258,980
235,238



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
456,033
527,821


The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2024
2023
£
£


Repayable by instalments
131,139
218,400

131,139
218,400

Page 9

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

9.


Deferred taxation




2024


£






At beginning of year
(5,717)


Charged to profit or loss
(773)



At end of year
(6,490)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(6,490)
(5,717)

(6,490)
(5,717)


10.


Reserves

Other reserves

Capital contribution reserve
This reserve represents the capital contribution made by a related party on a below market rate loan.

 
Page 10