Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312022-10-011falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05577784 2022-10-01 2024-03-31 05577784 2021-10-01 2022-09-30 05577784 2024-03-31 05577784 2022-09-30 05577784 c:Director1 2022-10-01 2024-03-31 05577784 d:CurrentFinancialInstruments 2024-03-31 05577784 d:CurrentFinancialInstruments 2022-09-30 05577784 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05577784 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 05577784 d:ShareCapital 2024-03-31 05577784 d:ShareCapital 2022-09-30 05577784 d:RetainedEarningsAccumulatedLosses 2024-03-31 05577784 d:RetainedEarningsAccumulatedLosses 2022-09-30 05577784 c:FRS102 2022-10-01 2024-03-31 05577784 c:AuditExemptWithAccountantsReport 2022-10-01 2024-03-31 05577784 c:FullAccounts 2022-10-01 2024-03-31 05577784 c:PrivateLimitedCompanyLtd 2022-10-01 2024-03-31 05577784 2 2022-10-01 2024-03-31 05577784 e:PoundSterling 2022-10-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05577784










IFIELD ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
IFIELD ESTATES LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IFIELD ESTATES LIMITED
FOR THE PERIOD ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IFIELD ESTATES LIMITED for the period ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of IFIELD ESTATES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of IFIELD ESTATES LIMITED and state those matters that we have agreed to state to the Board of directors of IFIELD ESTATES LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IFIELD ESTATES LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that IFIELD ESTATES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IFIELD ESTATES LIMITED. You consider that IFIELD ESTATES LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of IFIELD ESTATES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Alder Demain & Akers Limited
 
Accountants
  
2 Michaels Court
Hanney Road
Southmoor
Oxon
OX13 5HR
3 June 2024
Page 1

 
IFIELD ESTATES LIMITED
REGISTERED NUMBER: 05577784

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
575,088
15,166

Cash at bank and in hand
 5 
337,563
378,644

  
912,651
393,810

Creditors: amounts falling due within one year
 6 
(266,792)
(139,538)

Net current assets
  
 
 
645,859
 
 
254,272

Total assets less current liabilities
  
645,859
254,272

  

Net assets
  
645,859
254,272

Page 2

 
IFIELD ESTATES LIMITED
REGISTERED NUMBER: 05577784
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
645,759
254,172

  
645,859
254,272


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 period 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 3 June 2024.




................................................
Edward Martin Burgess Olley
Director

The notes on pages 4 to 6 form part of these financial statements.
Page 3

 
IFIELD ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Ifield Estates Limited is a limited company incorporated in England and Wales.
The company's registered office is: 
2 Michaels Court
Hanney Road
Southmoor
Oxford
OX13 5HR.
The principal activity of the company is that of property development.

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:

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 4

 
IFIELD ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

2024
2022
£
£

Wages and salaries
13,644
8,970

Cost of defined contribution scheme
180,000
-

193,644
8,970


The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


Debtors

31 March
30 September
2024
2022
£
£


Trade debtors
15,166
15,166
Page 5

 
IFIELD ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.Debtors (continued)


Other debtors
418,633
-

Tax recoverable
141,289
-

575,088
15,166


Included within other debtors due within one year is a loan to Mr E Olley, a director, amounting to £418,633 (2022 - £0)

2.5% Interest has been charged on the balance.


5.


Cash and cash equivalents

31 March
30 September
2024
2022
£
£

Cash at bank and in hand
337,563
378,644

337,563
378,644



6.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2022
£
£

Other taxation and social security
266,792
61,950

Other creditors
-
77,588

266,792
139,538


 
Page 6