Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11918618 2023-05-01 2024-04-30 11918618 2022-05-01 2023-04-30 11918618 2024-04-30 11918618 2023-04-30 11918618 c:Director1 2023-05-01 2024-04-30 11918618 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 11918618 d:FreeholdInvestmentProperty 2024-04-30 11918618 d:FreeholdInvestmentProperty 2023-04-30 11918618 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 11918618 d:CurrentFinancialInstruments 2024-04-30 11918618 d:CurrentFinancialInstruments 2023-04-30 11918618 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11918618 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11918618 d:ShareCapital 2024-04-30 11918618 d:ShareCapital 2023-04-30 11918618 d:RevaluationReserve 2024-04-30 11918618 d:RevaluationReserve 2023-04-30 11918618 d:RetainedEarningsAccumulatedLosses 2024-04-30 11918618 d:RetainedEarningsAccumulatedLosses 2023-04-30 11918618 c:FRS102 2023-05-01 2024-04-30 11918618 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11918618 c:FullAccounts 2023-05-01 2024-04-30 11918618 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11918618 2 2023-05-01 2024-04-30 11918618 5 2023-05-01 2024-04-30 11918618 6 2023-05-01 2024-04-30 11918618 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11918618









ABERDARE ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ABERDARE ESTATES LIMITED
REGISTERED NUMBER: 11918618

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
290,561
285,536

Investment property
 6 
4,785,000
3,005,316

  
5,075,561
3,290,852

Current assets
  

Stocks
  
114,882
33,300

Debtors: amounts falling due within one year
 7 
2,763,729
3,082,123

Cash at bank and in hand
 8 
237,792
164,986

  
3,116,403
3,280,409

Creditors: amounts falling due within one year
 9 
(7,083,352)
(5,726,786)

Net current liabilities
  
 
 
(3,966,949)
 
 
(2,446,377)

Total assets less current liabilities
  
1,108,612
844,475

  

Net assets
  
1,108,612
844,475


Capital and reserves
  

Called up share capital 
  
110
110

Revaluation reserve
  
501,749
-

Profit and loss account
  
606,753
844,365

  
1,108,612
844,475


Page 1

 
ABERDARE ESTATES LIMITED
REGISTERED NUMBER: 11918618
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 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 by: 




M Freed
Director

Date: 2 December 2024

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

Page 2

 
ABERDARE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Aberdare Estates Limited is a private company limited by shares and incorporated in England and Wales (registered number: 11918618). The registered office and principal place of business is 7 Whiteladies Road, Bristol, United Kingdom, BS8 1NN.
The principal activity of the company is that of property development. 
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ABERDARE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Taxation

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.

Page 4

 
ABERDARE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

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 balance sheet 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.

 
2.8

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

Page 5

 
ABERDARE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying values of assets and the liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revisions affect only that period, or in the period of the revisions and future periods if the revision affects both current and future periods.


4.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 May 2023
285,536


Additions
5,025



At 30 April 2024
290,561




Page 6

 
ABERDARE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
3,005,316


Additions at cost
2,380,528


Surplus on revaluation
(600,844)



At 30 April 2024
4,785,000

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



At 30 April 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
4,581,768
2,201,240

4,581,768
2,201,240


7.


Debtors

2024
2023
£
£


Trade debtors
13,130
29,198

Amounts owed by related parties
633,679
2,016,146

Other debtors
1,910,635
1,001,331

Prepayments and accrued income
128,806
35,448

Tax recoverable
77,479
-

2,763,729
3,082,123


Page 7

 
ABERDARE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
237,792
164,986

237,792
164,986



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
87,115
209,895

Amounts owed to related parties
6,426,597
5,167,400

Corporation tax
-
204,473

Other creditors
4,688
3,374

Accruals and deferred income
564,952
141,644

7,083,352
5,726,786



10.


Controlling party

The company is jointly controlled by Mr and Mrs Freed. 

 
Page 8