Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02783475 2023-04-01 2024-03-31 02783475 2022-04-01 2023-03-31 02783475 2024-03-31 02783475 2023-03-31 02783475 c:CompanySecretary1 2023-04-01 2024-03-31 02783475 c:Director1 2023-04-01 2024-03-31 02783475 c:Director2 2023-04-01 2024-03-31 02783475 c:RegisteredOffice 2023-04-01 2024-03-31 02783475 d:MotorVehicles 2023-04-01 2024-03-31 02783475 d:MotorVehicles 2024-03-31 02783475 d:MotorVehicles 2023-03-31 02783475 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02783475 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02783475 d:FurnitureFittings 2023-04-01 2024-03-31 02783475 d:FurnitureFittings 2024-03-31 02783475 d:FurnitureFittings 2023-03-31 02783475 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02783475 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02783475 d:ComputerEquipment 2023-04-01 2024-03-31 02783475 d:ComputerEquipment 2024-03-31 02783475 d:ComputerEquipment 2023-03-31 02783475 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02783475 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02783475 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02783475 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02783475 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 02783475 d:FreeholdInvestmentProperty 2024-03-31 02783475 d:FreeholdInvestmentProperty 2023-03-31 02783475 d:CurrentFinancialInstruments 2024-03-31 02783475 d:CurrentFinancialInstruments 2023-03-31 02783475 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02783475 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02783475 d:ShareCapital 2024-03-31 02783475 d:ShareCapital 2023-03-31 02783475 d:RetainedEarningsAccumulatedLosses 2024-03-31 02783475 d:RetainedEarningsAccumulatedLosses 2023-03-31 02783475 c:FRS102 2023-04-01 2024-03-31 02783475 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02783475 c:FullAccounts 2023-04-01 2024-03-31 02783475 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02783475 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 02783475







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BALSTATE SERVICES LIMITED






































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BALSTATE SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
E C Edwards 
M Edwards 




Company secretary
R Edwards



Registered number
02783475



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


BALSTATE SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


BALSTATE SERVICES LIMITED
REGISTERED NUMBER:02783475



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
131,826
125,944

Investment property
 5 
1,488,193
1,196,820

  
1,620,019
1,322,764

Current assets
  

Debtors: amounts falling due within one year
 6 
440
50,738

Cash at bank and in hand
  
46,353
48,105

  
46,793
98,843

Creditors: amounts falling due within one year
 7 
(237,904)
(13,329)

Net current (liabilities)/assets
  
 
 
(191,111)
 
 
85,514

Total assets less current liabilities
  
1,428,908
1,408,278

Provisions for liabilities
  

Deferred tax
  
(5,816)
(5,816)

  
 
 
(5,816)
 
 
(5,816)

Net assets
  
1,423,092
1,402,462


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,422,892
1,402,262

  
1,423,092
1,402,462


Page 1

 


BALSTATE SERVICES LIMITED
REGISTERED NUMBER:02783475


    
STATEMENT OF FINANCIAL POSITION (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 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: 



E C Edwards
Director
Date: 15 November 2024

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

Page 2

 


BALSTATE SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Balstate Services Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The principal place of business is Boss Avenue, Grovebury Road, Leighton Buzzard, Bedfordshire, LU7 4SR.
These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These 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 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. 

 
2.3

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:

Motor vehicles
-
20% 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.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors 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 3

 


BALSTATE SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


BALSTATE SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
177,047
11,580
3,261
191,888


Additions
42,457
-
-
42,457


Disposals
(22,609)
-
-
(22,609)



At 31 March 2024

196,895
11,580
3,261
211,736



Depreciation


At 1 April 2023
51,103
11,580
3,261
65,944


Charge for the year on owned assets
33,036
-
-
33,036


Charge for the year on financed assets
(19,070)
-
-
(19,070)



At 31 March 2024

65,069
11,580
3,261
79,910



Net book value



At 31 March 2024
131,826
-
-
131,826



At 31 March 2023
125,944
-
-
125,944


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,196,820


Additions at cost
291,373



At 31 March 2024
1,488,193

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 


BALSTATE SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
440
50,738

440
50,738



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,169
2,238

Corporation tax
6,878
3,382

Other taxation and social security
106
287

Other creditors
224,751
3,422

Accruals and deferred income
4,000
4,000

237,904
13,329



8.


Related party transactions

Included within other creditors is an amount of £221,008 due to a connected company (2023: £44,064 included within other debtors, due from a connected company). This amount is interest free and repayable on demand.

 
Page 6