Caseware UK (AP4) 2023.0.135 2023.0.135 falsetruetrueNo description of principal activity2023-04-01false23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03449418 2023-04-01 2024-03-31 03449418 2022-04-01 2023-03-31 03449418 2024-03-31 03449418 2023-03-31 03449418 c:CompanySecretary1 2023-04-01 2024-03-31 03449418 c:Director1 2023-04-01 2024-03-31 03449418 c:Director2 2023-04-01 2024-03-31 03449418 c:RegisteredOffice 2023-04-01 2024-03-31 03449418 d:MotorVehicles 2023-04-01 2024-03-31 03449418 d:MotorVehicles 2024-03-31 03449418 d:MotorVehicles 2023-03-31 03449418 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03449418 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03449418 d:FurnitureFittings 2023-04-01 2024-03-31 03449418 d:FurnitureFittings 2024-03-31 03449418 d:FurnitureFittings 2023-03-31 03449418 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03449418 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03449418 d:OfficeEquipment 2023-04-01 2024-03-31 03449418 d:OfficeEquipment 2024-03-31 03449418 d:OfficeEquipment 2023-03-31 03449418 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03449418 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03449418 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03449418 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03449418 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03449418 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03449418 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03449418 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03449418 d:ShareCapital 2024-03-31 03449418 d:ShareCapital 2023-03-31 03449418 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03449418 d:RetainedEarningsAccumulatedLosses 2024-03-31 03449418 d:RetainedEarningsAccumulatedLosses 2023-03-31 03449418 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03449418 c:OrdinaryShareClass1 2024-03-31 03449418 c:OrdinaryShareClass1 2023-03-31 03449418 c:FRS102 2023-04-01 2024-03-31 03449418 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03449418 c:AbridgedAccounts 2023-04-01 2024-03-31 03449418 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03449418 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 03449418 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 03449418 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 03449418 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 03449418 2 2023-04-01 2024-03-31 03449418 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03449418 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03449418 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03449418










ESSENBY ESTATES LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2024

 
ESSENBY ESTATES LIMITED
 

Company Information


Directors
N C Cotton 
C R Campbell 




Company secretary
C R Campbell



Registered number
03449418



Registered office
70 Clarkehouse Road

Sheffield

South Yorkshire

S10 2LJ





 
ESSENBY ESTATES LIMITED
Registered number: 03449418

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,822
46,028

Investments
 5 
167,926
1,148,023

  
204,748
1,194,051

Current assets
  

Debtors
  
130,748
88,150

Cash at bank and in hand
  
889,910
112,644

  
1,020,658
200,794

Creditors: amounts falling due within one year
  
(819,716)
(930,510)

Net current assets/(liabilities)
  
 
 
200,942
 
 
(729,716)

Total assets less current liabilities
  
405,690
464,335

Creditors: amounts falling due after more than one year
  
-
(53,545)

Provisions for liabilities
  

Deferred tax
 7 
(3,360)
(8,745)

  
 
 
(3,360)
 
 
(8,745)

Net assets
  
402,330
402,045


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
402,230
401,945

  
402,330
402,045


Page 1

 
ESSENBY ESTATES LIMITED
Registered number: 03449418

Balance sheet (continued)
As at 31 March 2024

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 comprehensive income 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 10 October 2024.






N C Cotton
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

Essenby Estates Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
All members have consented to the abridgement of these financial statements.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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

Interest income

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

 
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

Borrowing costs

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

Page 3

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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.
      - Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint
         ventures and the Company can control the reversal of the timing differences and such reversal is not considered
         probable in the foreseeable future.
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.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and equipment
-
20%
reducing balance
Computer equipment
-
33%
straight line

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

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.

Page 4

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

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 receipts 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
Page 5

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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 (2023 -3).


4.


Tangible fixed assets





Motor vehicles
Fixtures and equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
86,140
1,568
4,438
92,146



At 31 March 2024

86,140
1,568
4,438
92,146



Depreciation


At 1 April 2023
40,979
701
4,438
46,118


Charge for the year on owned assets
-
174
-
174


Charge for the year on financed assets
9,032
-
-
9,032



At 31 March 2024

50,011
875
4,438
55,324



Net book value



At 31 March 2024
36,129
693
-
36,822



At 31 March 2023
45,161
867
-
46,028

Page 6

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2023
1,148,023


Additions
167,926


Disposals
(1,148,023)



At 31 March 2024
167,926





6.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
38,670
9,462

Between 2-5 years
-
38,670

38,670
48,132


7.


Deferred taxation




2024


£






At 1 April 2023
8,745


Utilised in year
(5,385)



At 31 March 2024
3,360

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
3,360
8,745

3,360
8,745


8.


Share capital

Page 7

 
ESSENBY ESTATES LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Profit and loss account

Included in the profit and loss account reserve is an amount of £Nil (2023 : £115,830) which is not currently distributable.


10.


Related party transactions

The company operates a Directors current account with Mr N Cotton a Director. The amount owed by the company at the financial year end was £158,568 (2023 £182,953). The Directors current account is unsecured, interest free and repayable on demand.
The company is also in receipt of a loan from a company of which Mr N Cotton is a Director and Shareholder. The balance outstanding at the financial year end was £594,438 (2023 £594,438).
 


Page 8