Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity11falsetruefalse 09920536 2023-05-01 2024-04-30 09920536 2022-05-01 2023-04-30 09920536 2024-04-30 09920536 2023-04-30 09920536 c:Director1 2023-05-01 2024-04-30 09920536 d:Buildings 2023-05-01 2024-04-30 09920536 d:Buildings 2024-04-30 09920536 d:Buildings 2023-04-30 09920536 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09920536 d:PlantMachinery 2023-05-01 2024-04-30 09920536 d:PlantMachinery 2024-04-30 09920536 d:PlantMachinery 2023-04-30 09920536 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09920536 d:FurnitureFittings 2023-05-01 2024-04-30 09920536 d:FurnitureFittings 2024-04-30 09920536 d:FurnitureFittings 2023-04-30 09920536 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09920536 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09920536 d:FreeholdInvestmentProperty 2024-04-30 09920536 d:FreeholdInvestmentProperty 2023-04-30 09920536 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 09920536 d:FreeholdInvestmentProperty 3 2023-05-01 2024-04-30 09920536 d:CurrentFinancialInstruments 2024-04-30 09920536 d:CurrentFinancialInstruments 2023-04-30 09920536 d:Non-currentFinancialInstruments 2024-04-30 09920536 d:Non-currentFinancialInstruments 2023-04-30 09920536 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09920536 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09920536 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09920536 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09920536 d:ShareCapital 2024-04-30 09920536 d:ShareCapital 2023-04-30 09920536 d:RevaluationReserve 2024-04-30 09920536 d:RevaluationReserve 2023-04-30 09920536 d:RetainedEarningsAccumulatedLosses 2024-04-30 09920536 d:RetainedEarningsAccumulatedLosses 2023-04-30 09920536 c:FRS102 2023-05-01 2024-04-30 09920536 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09920536 c:FullAccounts 2023-05-01 2024-04-30 09920536 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09920536 5 2023-05-01 2024-04-30 09920536 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 09920536 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 09920536 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 09920536 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 09920536 d:OtherDeferredTax 2024-04-30 09920536 d:OtherDeferredTax 2023-04-30 09920536 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 09920536


ANGLIAN DEVELOPMENTS LIMITED
Formerly J.Paterson Limited
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
ANGLIAN DEVELOPMENTS LIMITED
 
Formerly J.Paterson Limited
REGISTERED NUMBER: 09920536

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,144,587
1,976,741

Investment property
 5 
3,293,191
1,023,191

  
4,437,778
2,999,932

Current assets
  

Debtors: amounts falling due within one year
 6 
5,145
42,178

Cash at bank and in hand
  
2,357
5,971

  
7,502
48,149

Creditors: amounts falling due within one year
 7 
(2,760,985)
(2,162,389)

Net current liabilities
  
 
 
(2,753,483)
 
 
(2,114,240)

Total assets less current liabilities
  
1,684,295
885,692

Creditors: amounts falling due after more than one year
 8 
(243,571)
(544,603)

Provisions for liabilities
  

Deferred tax
 9 
(337,130)
(82,041)

  
 
 
(337,130)
 
 
(82,041)

Net assets
  
1,103,594
259,048


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Revaluation reserve
  
1,391,191
387,607

Profit and loss account
  
(288,597)
(129,559)

  
1,103,594
259,048


The director considers 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 director acknowledges his 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.
Page 1

 
ANGLIAN DEVELOPMENTS LIMITED
 
Formerly J.Paterson Limited
REGISTERED NUMBER: 09920536
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024


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 income statement 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 23 November 2024.




................................................
J J Paterson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Anglian Developlments Limited is a company limited by shares incorporated in England and Wales, registration number 09920536. The registered office is Old Coal Yard, Muck Lane, Rackheath, Norwich, NR13 6ST.

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 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 policies have been consistenly applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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 3

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Plant and machinery
-
17%
Fixtures and fittings
-
15%

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually 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 the Profit and Loss Account.

 
2.6

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.

 
2.7

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.

Page 4

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Borrowing costs

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

 
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.

Page 5

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

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 reporting 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 reporting 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 reporting date.



3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1

Page 6

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 May 2023
1,973,388
620
9,259
1,983,267


Additions
433,874
1,079
-
434,953


Transfers between classes
(1,266,416)
-
-
(1,266,416)



At 30 April 2024

1,140,846
1,699
9,259
1,151,804



Depreciation


At 1 May 2023
-
375
6,151
6,526


Charge for the year on owned assets
-
225
466
691



At 30 April 2024

-
600
6,617
7,217



Net book value



At 30 April 2024
1,140,846
1,099
2,642
1,144,587



At 30 April 2023
1,973,388
245
3,108
1,976,741

Page 7

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
1,023,191


Surplus on revaluation
1,003,584


Transfers between classes
1,266,416



At 30 April 2024
3,293,191

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





6.


Debtors

2024
2023
£
£


Trade debtors
125
-

Amounts owed by joint ventures and associated undertakings
2,318
2,318

Other debtors
2,702
39,860

5,145
42,178



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
104,275
98,652

Amounts owed to group undertakings
2,511,053
1,855,382

Corporation tax
10,484
-

Other taxation and social security
418
-

Other creditors
132,155
205,855

Accruals and deferred income
2,600
2,500

2,760,985
2,162,389


Page 8

 
ANGLIAN DEVELOPMENTS LIMITED

Formerly J.Paterson Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
243,571
544,603

243,571
544,603



9.


Deferred taxation




2024


£






At beginning of year
(82,041)


Charged to profit or loss
(255,089)



At end of year
(337,130)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,730)
(838)

Tax losses carried forward
-
12,552

Revaluation
(333,400)
(93,755)

(337,130)
(82,041)

 
Page 9