Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01falseNo description of principal activity66falsetrue 03656862 2023-01-01 2023-12-31 03656862 2022-01-01 2022-12-31 03656862 2023-12-31 03656862 2022-12-31 03656862 c:CompanySecretary1 2023-01-01 2023-12-31 03656862 c:Director1 2023-01-01 2023-12-31 03656862 c:Director2 2023-01-01 2023-12-31 03656862 c:Director3 2023-01-01 2023-12-31 03656862 c:RegisteredOffice 2023-01-01 2023-12-31 03656862 d:Buildings 2023-01-01 2023-12-31 03656862 d:Buildings 2023-12-31 03656862 d:Buildings 2022-12-31 03656862 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656862 d:PlantMachinery 2023-01-01 2023-12-31 03656862 d:PlantMachinery 2023-12-31 03656862 d:PlantMachinery 2022-12-31 03656862 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656862 d:FurnitureFittings 2023-01-01 2023-12-31 03656862 d:FurnitureFittings 2023-12-31 03656862 d:FurnitureFittings 2022-12-31 03656862 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656862 d:ComputerEquipment 2023-01-01 2023-12-31 03656862 d:ComputerEquipment 2023-12-31 03656862 d:ComputerEquipment 2022-12-31 03656862 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656862 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656862 d:CurrentFinancialInstruments 2023-12-31 03656862 d:CurrentFinancialInstruments 2022-12-31 03656862 d:Non-currentFinancialInstruments 2023-12-31 03656862 d:Non-currentFinancialInstruments 2022-12-31 03656862 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03656862 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03656862 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03656862 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03656862 d:ShareCapital 2023-12-31 03656862 d:ShareCapital 2022-12-31 03656862 d:CapitalRedemptionReserve 2023-12-31 03656862 d:CapitalRedemptionReserve 2022-12-31 03656862 d:RevaluationReserve 2023-12-31 03656862 d:RevaluationReserve 2022-12-31 03656862 d:RetainedEarningsAccumulatedLosses 2023-12-31 03656862 d:RetainedEarningsAccumulatedLosses 2022-12-31 03656862 c:FRS102 2023-01-01 2023-12-31 03656862 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03656862 c:FullAccounts 2023-01-01 2023-12-31 03656862 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03656862 5 2023-01-01 2023-12-31 03656862 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 03656862







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


EASTWAY ENTERPRISE CENTRE LIMITED






































img5a93.png                        

 


EASTWAY ENTERPRISE CENTRE LIMITED
 


 
COMPANY INFORMATION


Directors
Mr Haydon Robinson 
Mr Mark Robinson 
Mrs Wendy Robinson 




Company secretary
Mr Haydon Robinson



Registered number
03656862



Registered office
Lynton House
7-12,Tavistock Square

London

WC1H 9LT




Trading Address
54 Wilbury Way

Hitchin

SG4 0TP






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


EASTWAY ENTERPRISE CENTRE LIMITED
REGISTERED NUMBER:03656862



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
1,409,982
1,451,068

  
1,409,982
1,451,068

Current assets
  

Debtors: amounts falling due within one year
 5 
10,072
10,625

Cash at bank and in hand
  
22,479
15,121

  
32,551
25,746

Creditors: amounts falling due within one year
 6 
(293,987)
(279,385)

Net current liabilities
  
 
 
(261,436)
 
 
(253,639)

Total assets less current liabilities
  
1,148,546
1,197,429

Creditors: amounts falling due after more than one year
 7 
(470,593)
(488,916)

  

Net assets
  
677,953
708,513


Capital and reserves
  

Called up share capital 
  
99
99

Revaluation reserve
  
612,767
612,767

Capital redemption reserve
  
105
105

Profit and loss account
  
64,982
95,542

  
677,953
708,513


Page 1

 


EASTWAY ENTERPRISE CENTRE LIMITED
REGISTERED NUMBER:03656862


    
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 by: 



Mr Mark Robinson
Director

Date: 6 September 2024

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

Page 2

 


EASTWAY ENTERPRISE CENTRE LIMITED
 


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

1.


General information

Eastway Enterprise Centre Limited is a company, limited by shares, incorporated in England and Wales with company registration number of 03656862. The registered office is Lynton House, 7-12,Tavistock Square, London, WC1H 9LT and the principal place of business is 54 Wilbury Way, Hitchin, SG4 0TP. 

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

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

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

Page 3

 


EASTWAY ENTERPRISE CENTRE LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Taxation

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.

 
2.7

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:

Freehold property
-
2%
on cost
Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
10%
reducing balance
Computer 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.

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.9

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.

Page 4

 


EASTWAY ENTERPRISE CENTRE LIMITED
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
1,620,146
95,977
158,374
82,933
1,957,430


Additions
-
-
826
-
826



At 31 December 2023

1,620,146
95,977
159,200
82,933
1,958,256



Depreciation


At 1 January 2023
248,987
93,188
88,939
75,248
506,362


Charge for the year on owned assets
32,403
558
6,991
1,960
41,912



At 31 December 2023

281,390
93,746
95,930
77,208
548,274



Net book value



At 31 December 2023
1,338,756
2,231
63,270
5,725
1,409,982



At 31 December 2022
1,371,159
2,789
69,435
7,685
1,451,068


5.


Debtors

2023
2022
£
£


Trade debtors
6,580
8,388

Other debtors
482
-

Prepayments and accrued income
3,010
2,237

10,072
10,625


Page 5

 


EASTWAY ENTERPRISE CENTRE LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
20,814
15,795

Trade creditors
43,471
16,630

Amounts owed to group undertakings
126,455
150,910

Other taxation and social security
12,658
13,038

Other creditors
56,233
54,317

Accruals and deferred income
34,356
28,695

293,987
279,385



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
470,593
488,916

470,593
488,916



8.


Related party transactions

As at year end, there is an amount of £126,455 (2022: £150,910) due to companies under common control.

 
Page 6