Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse22023-01-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC248873 2023-01-01 2023-12-31 SC248873 2022-01-01 2022-12-31 SC248873 2023-12-31 SC248873 2022-12-31 SC248873 c:CompanySecretary1 2023-01-01 2023-12-31 SC248873 c:Director1 2023-01-01 2023-12-31 SC248873 c:Director2 2023-01-01 2023-12-31 SC248873 c:RegisteredOffice 2023-01-01 2023-12-31 SC248873 d:FreeholdInvestmentProperty 2023-12-31 SC248873 d:FreeholdInvestmentProperty 2022-12-31 SC248873 d:CurrentFinancialInstruments 2023-12-31 SC248873 d:CurrentFinancialInstruments 2022-12-31 SC248873 d:Non-currentFinancialInstruments 2023-12-31 SC248873 d:Non-currentFinancialInstruments 2022-12-31 SC248873 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC248873 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC248873 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC248873 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC248873 d:ShareCapital 2023-12-31 SC248873 d:ShareCapital 2022-12-31 SC248873 d:CapitalRedemptionReserve 2023-12-31 SC248873 d:CapitalRedemptionReserve 2022-12-31 SC248873 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC248873 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC248873 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC248873 c:OrdinaryShareClass1 2023-12-31 SC248873 c:FRS102 2023-01-01 2023-12-31 SC248873 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC248873 c:FullAccounts 2023-01-01 2023-12-31 SC248873 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC248873 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC248873










FW ESTATES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
FW ESTATES LIMITED
 

COMPANY INFORMATION


Directors
Mr J A G Forster 
Mrs J C Forster 




Company secretary
Mrs K A Adams



Registered number
SC248873



Registered office
22 Commerce Street

Brechin

Angus

DD9 7BD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
FW ESTATES LIMITED
REGISTERED NUMBER: SC248873

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Investments
 4 
550,000
550,000

Investment property
 5 
268,085
268,085

  
818,085
818,085

Current assets
  

Bank & cash balances
  
2,302
2,873

  
2,302
2,873

Creditors: amounts falling due within one year
 6 
(317,265)
(296,865)

Net current liabilities
  
 
 
(314,963)
 
 
(293,992)

Total assets less current liabilities
  
503,122
524,093

Creditors: amounts falling due after more than one year
 7 
(131,520)
(137,280)

  

Net assets
  
371,602
386,813


Capital and reserves
  

Called up share capital 
 8 
800
800

Capital redemption reserve
  
200
200

Profit and loss account
  
370,602
385,813

  
371,602
386,813


Page 1

 
FW ESTATES LIMITED
REGISTERED NUMBER: SC248873

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 on 26 August 2024.




Mr J A G Forster
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FW ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

FW Estates Limited is a private company, limited by shares, domiciled in Scotland with registration number SC248873.  The registered office and trading address is 22 Commerce Street, Brechin, Angus, DD9 7BD.

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 financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. 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 revenue 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 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

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.4

Associates

Associates are held at cost less impairment.

Page 3

 
FW ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

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 with 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. An equity instruments 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 payments 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
FW ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in Associates

£



Cost or valuation


At 1 January 2023
550,000



At 31 December 2023
550,000





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
268,085



At 31 December 2023
268,085

The 2023 valuations were made by the directors, on an open market value for existing use basis.





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,760
5,760

Amounts owed to associated companies
309,105
289,105

Accruals and deferred income
2,400
2,000

317,265
296,865


Bank loans 
Bank loans are secured over the assets to which they relate. 

Page 5

 
FW ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
131,520
137,280

131,520
137,280


Bank loans 
Bank loans are secured over the assets to which they relate. 


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



800 Ordinary shares of £1.00 each
800
800



Page 6