Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetrue2023-04-01falseNo description of principal activity00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06666271 2023-04-01 2024-03-31 06666271 2022-04-01 2023-03-31 06666271 2024-03-31 06666271 2023-03-31 06666271 c:Director1 2023-04-01 2024-03-31 06666271 d:PlantMachinery 2023-04-01 2024-03-31 06666271 d:PlantMachinery 2024-03-31 06666271 d:PlantMachinery 2023-03-31 06666271 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06666271 d:CurrentFinancialInstruments 2024-03-31 06666271 d:CurrentFinancialInstruments 2023-03-31 06666271 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06666271 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06666271 d:ShareCapital 2024-03-31 06666271 d:ShareCapital 2023-03-31 06666271 d:RetainedEarningsAccumulatedLosses 2024-03-31 06666271 d:RetainedEarningsAccumulatedLosses 2023-03-31 06666271 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06666271 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06666271 c:FRS102 2023-04-01 2024-03-31 06666271 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06666271 c:FullAccounts 2023-04-01 2024-03-31 06666271 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06666271 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06666271









CAROLINE LOUISE FARMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CAROLINE LOUISE FARMS LIMITED
REGISTERED NUMBER: 06666271

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
374,510
397,917

  
374,510
397,917

Current assets
  

Debtors: amounts falling due within one year
 5 
112,246
149,639

Cash at bank and in hand
 6 
30,737
480

  
142,983
150,119

Creditors: amounts falling due within one year
 7 
(413,241)
(458,658)

Net current liabilities
  
 
 
(270,258)
 
 
(308,539)

Total assets less current liabilities
  
104,252
89,378

Provisions for liabilities
  

Deferred tax
  
(83,316)
(83,978)

  
 
 
(83,316)
 
 
(83,978)

Net assets
  
20,936
5,400


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
20,536
5,000

  
20,936
5,400


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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
Page 1

 
CAROLINE LOUISE FARMS LIMITED
REGISTERED NUMBER: 06666271
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

7 November 2024.




Michael Ross Bolton
Director

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

Page 2

 
CAROLINE LOUISE FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Caroline Louise Farms Ltd is a private company, limited by shares, registered in England and Wales. The Company's
registered number and registered office address can be found on the Company Information page.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
CAROLINE LOUISE FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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

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 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.

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.


 
2.6

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.

Page 4

 
CAROLINE LOUISE FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Plant and machinery
-
4%
on cost

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

 
CAROLINE LOUISE FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
787,118



At 31 March 2024

787,118



Depreciation


At 1 April 2023
389,201


Charge for the year on owned assets
23,407



At 31 March 2024

412,608



Net book value



At 31 March 2024
374,510



At 31 March 2023
397,917


5.


Debtors

2024
2023
£
£


Other debtors
104,894
110,436

Prepayments and accrued income
7,352
39,203

112,246
149,639


Page 6

 
CAROLINE LOUISE FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,737
480

30,737
480



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
572
23

Amounts owed to group undertakings
302,516
442,166

Corporation tax
53,248
-

Other taxation and social security
9,527
1,356

Accruals and deferred income
47,378
15,113

413,241
458,658


At the Balance Sheet date, included in creditors is a loan from the group of £302,516 (2023: £442,166). This loan has no formal repayment terms and is therefore repayable within 1 year. Interest is charged at 6%.


8.


Deferred taxation




2024


£






At beginning of year
(83,978)


Utilised in year
662



At end of year
(83,316)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(83,316)
(83,978)

(83,316)
(83,978)

Page 7

 
CAROLINE LOUISE FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
There were no transactions with key management personnel.


10.


Controlling party

The parent of the smallest group that draws up consolidated accounts is E3 Wind Limited. The registered
office of E3 Wind Limited is 10-12 Bourlet Close, London, W1W 7BR.

 
Page 8