Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01The principal activity is that of a management consultancy company.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11615178 2023-04-01 2024-03-31 11615178 2022-04-01 2023-03-31 11615178 2024-03-31 11615178 2023-03-31 11615178 c:Director2 2023-04-01 2024-03-31 11615178 d:PlantMachinery 2023-04-01 2024-03-31 11615178 d:PlantMachinery 2024-03-31 11615178 d:PlantMachinery 2023-03-31 11615178 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11615178 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11615178 d:MotorVehicles 2023-04-01 2024-03-31 11615178 d:MotorVehicles 2024-03-31 11615178 d:MotorVehicles 2023-03-31 11615178 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11615178 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11615178 d:ComputerEquipment 2023-04-01 2024-03-31 11615178 d:ComputerEquipment 2024-03-31 11615178 d:ComputerEquipment 2023-03-31 11615178 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11615178 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11615178 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11615178 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11615178 d:CurrentFinancialInstruments 2024-03-31 11615178 d:CurrentFinancialInstruments 2023-03-31 11615178 d:Non-currentFinancialInstruments 2024-03-31 11615178 d:Non-currentFinancialInstruments 2023-03-31 11615178 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11615178 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11615178 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11615178 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11615178 d:ShareCapital 2024-03-31 11615178 d:ShareCapital 2023-03-31 11615178 d:RetainedEarningsAccumulatedLosses 2024-03-31 11615178 d:RetainedEarningsAccumulatedLosses 2023-03-31 11615178 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11615178 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11615178 c:FRS102 2023-04-01 2024-03-31 11615178 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11615178 c:FullAccounts 2023-04-01 2024-03-31 11615178 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11615178 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 11615178 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 11615178 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 11615178 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 11615178 d:HirePurchaseContracts d:MoreThanFiveYears 2024-03-31 11615178 d:HirePurchaseContracts d:MoreThanFiveYears 2023-03-31 11615178 2 2023-04-01 2024-03-31 11615178 6 2023-04-01 2024-03-31 11615178 1 2024-03-31 11615178 1 2023-03-31 11615178 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11615178










MURDOCH LAND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MURDOCH LAND LIMITED
REGISTERED NUMBER: 11615178

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,836
42,283

Investments
 5 
90,946
85,731

  
127,782
128,014

Current assets
  

Debtors: amounts falling due within one year
 6 
161,298
2,971

Cash at bank and in hand
  
83,313
366,215

  
244,611
369,186

Creditors: amounts falling due within one year
 7 
(11,928)
(29,605)

Net current assets
  
 
 
232,683
 
 
339,581

Total assets less current liabilities
  
360,465
467,595

Creditors: amounts falling due after more than one year
 8 
(5,849)
(13,647)

Provisions for liabilities
  

Deferred tax
  
(9,209)
-

  
 
 
(9,209)
 
 
-

Net assets
  
345,407
453,948


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
345,307
453,848

  
345,407
453,948


Page 1

 
MURDOCH LAND LIMITED
REGISTERED NUMBER: 11615178
    
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 profit and loss account 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: 




D M Royce
Director

Date: 21 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Murdoch Land Limited (11615178)  is a private company limited by shares and incorporated in England and Wales. The regsitered office is 14th Floor 33 Cavendish Square, London, W1G 0PW.

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

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.

Page 3

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
10%
Straight line
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.

Page 4

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

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.

 
2.12

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 within the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes
Page 5

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Page 6

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

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.


3.


Employees

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


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2023
3,285
47,935
5,941
57,161


Additions
779
-
-
779



At 31 March 2024

4,064
47,935
5,941
57,940



Depreciation


At 1 April 2023
1,067
11,020
2,791
14,878


Charge for the year on owned assets
747
-
687
1,434


Charge for the year on financed assets
-
4,792
-
4,792



At 31 March 2024

1,814
15,812
3,478
21,104



Net book value



At 31 March 2024
2,250
32,123
2,463
36,836



At 31 March 2023
2,219
36,916
3,150
42,285

Page 7

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Listed investments

£



Cost


At 1 April 2023
98,305


Additions
7,829


Disposals
(10,007)



At 31 March 2024

96,127



Impairment


At 1 April 2023
12,574


Charge for the period
(5,186)


Impairment on disposals
(2,207)



At 31 March 2024

5,181



Net book value



At 31 March 2024
90,946



At 31 March 2023
85,731


6.


Debtors

2024
2023
£
£


Other debtors
158,451
2,298

Prepayments and accrued income
2,847
673

161,298
2,971


Page 8

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
278

Corporation tax
-
13,709

Obligations under finance lease and hire purchase contracts
7,798
7,798

Other creditors
284
4,720

Accruals and deferred income
3,846
3,100

11,928
29,605



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
5,849
13,647



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,798
7,798

Between 1-5 years
5,849
7,798

Over 5 years
-
5,849

13,647
21,445


10.


Deferred taxation




2024


£






Charged to profit or loss
(9,209)



At end of year
(9,209)

Page 9

 
MURDOCH LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
10.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(9,209)
-

 
Page 10