Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-01-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC351271 2023-01-01 2024-03-31 SC351271 2022-01-01 2022-12-31 SC351271 2024-03-31 SC351271 2022-12-31 SC351271 c:Director1 2023-01-01 2024-03-31 SC351271 c:Director2 2023-01-01 2024-03-31 SC351271 c:Director2 2024-03-31 SC351271 c:RegisteredOffice 2023-01-01 2024-03-31 SC351271 d:FurnitureFittings 2023-01-01 2024-03-31 SC351271 d:FurnitureFittings 2024-03-31 SC351271 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC351271 d:FreeholdInvestmentProperty 2023-01-01 2024-03-31 SC351271 d:FreeholdInvestmentProperty 2024-03-31 SC351271 d:CurrentFinancialInstruments 2024-03-31 SC351271 d:CurrentFinancialInstruments 2022-12-31 SC351271 d:Non-currentFinancialInstruments 2024-03-31 SC351271 d:Non-currentFinancialInstruments 2022-12-31 SC351271 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC351271 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC351271 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC351271 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC351271 d:ShareCapital 2024-03-31 SC351271 d:ShareCapital 2022-12-31 SC351271 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC351271 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC351271 c:OrdinaryShareClass1 2023-01-01 2024-03-31 SC351271 c:OrdinaryShareClass1 2024-03-31 SC351271 c:OrdinaryShareClass1 2022-12-31 SC351271 c:FRS102 2023-01-01 2024-03-31 SC351271 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 SC351271 c:FullAccounts 2023-01-01 2024-03-31 SC351271 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 SC351271 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC351271










ERIN CLARA LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
ERIN CLARA LIMITED
 

COMPANY INFORMATION


Directors
K T Rennie 
E C Rennie (appointed 17 September 2023)




Registered number
SC351271



Registered office
The Old Town House
High Street

Falkland

Cupar

KY15 7BZ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ERIN CLARA LIMITED
REGISTERED NUMBER: SC351271

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
£
£

Fixed assets
  

Tangible assets
 4 
48,766
-

Investment property
  
488,545
-

  
537,311
-

Current assets
  

Debtors: amounts falling due within one year
 6 
7,033
1

Cash at bank and in hand
  
4,034
-

  
11,067
1

Creditors: amounts falling due within one year
 7 
(7,722)
-

Net current assets
  
 
 
3,345
 
 
1

Total assets less current liabilities
  
540,656
1

Creditors: amounts falling due after more than one year
  
(553,775)
-

  

Net (liabilities)/assets
  
(13,119)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(13,120)
-

  
(13,119)
1


Page 1

 
ERIN CLARA LIMITED
REGISTERED NUMBER: SC351271

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 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 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: 




K T Rennie
Director

Date: 20 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ERIN CLARA LIMITED
 

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

1.


General information

Erin Clara Limited is a private company, limited by shares, incorporated in Scotland with registration
number SC351271. The registered office is The Old Town House High Street, Falkland, Cupar, KY15
7BZ. 
The financial statements are presented in Sterling, which is the functional currency of the company, and rounded to the nearest £. 
The company extended its year end to 31 March 2024 and consequently, these financial statements cover the 15 month period ended 31 March 2024.
The company began trading on 28 July 2023.

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

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding, the
company has net liabilities of £13,119. The company is reliant upon the continued support of the
parent company and based on this, the directors believe the company has sufficient working capital to continue trading for at least 12 months from the date the financial statements are approved.

 
2.3

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.

Page 3

 
ERIN CLARA LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period 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 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.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 4

 
ERIN CLARA LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was2.


4.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


Additions
54,762



At 31 March 2024

54,762



Depreciation


Charge for the period on owned assets
5,996



At 31 March 2024

5,996



Net book value



At 31 March 2024
48,766

Page 5

 
ERIN CLARA LIMITED
 

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

5.


Investment property





Freehold investment property

£



Valuation


Additions at cost
488,545



At 31 March 2024
488,545

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








6.


Debtors

31 March
31 December
2024
2022
£
£


Trade debtors
1,983
-

Other debtors
-
1

Prepayments and accrued income
678
-

Deferred taxation
4,372
-

7,033
1



7.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Trade creditors
1,221
-

Amounts owed to group undertakings
2,464
-

Accruals and deferred income
4,037
-

7,722
-


Page 6

 
ERIN CLARA LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

31 March
31 December
2024
2022
£
£

Amounts owed to group undertakings
553,775
-

553,775
-



9.


Share capital

31 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Controlling party

The parent company is Rennie Group Limited, a company incorporated in Scotland; Registered number SC348062. The registered office is The Old Town House, High Street, Falkland, Scotland, KY15 7BU.


Page 7