Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312false2023-01-01falseThe principal activity of the company is continued to be that of management of premises letting.2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02863204 2023-01-01 2023-12-31 02863204 2022-01-01 2022-12-31 02863204 2023-12-31 02863204 2022-12-31 02863204 c:Director3 2023-01-01 2023-12-31 02863204 d:CurrentFinancialInstruments 2023-12-31 02863204 d:CurrentFinancialInstruments 2022-12-31 02863204 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02863204 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02863204 d:ShareCapital 2023-12-31 02863204 d:ShareCapital 2022-12-31 02863204 d:SharePremium 2023-12-31 02863204 d:SharePremium 2022-12-31 02863204 d:OtherMiscellaneousReserve 2023-12-31 02863204 d:OtherMiscellaneousReserve 2022-12-31 02863204 d:RetainedEarningsAccumulatedLosses 2023-12-31 02863204 d:RetainedEarningsAccumulatedLosses 2022-12-31 02863204 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02863204 c:OrdinaryShareClass1 2023-12-31 02863204 c:OrdinaryShareClass1 2022-12-31 02863204 c:OrdinaryShareClass2 2023-01-01 2023-12-31 02863204 c:OrdinaryShareClass2 2022-12-31 02863204 c:FRS102 2023-01-01 2023-12-31 02863204 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02863204 c:FullAccounts 2023-01-01 2023-12-31 02863204 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02863204 d:WithinOneYear 2023-12-31 02863204 d:WithinOneYear 2022-12-31 02863204 d:BetweenOneFiveYears 2023-12-31 02863204 d:BetweenOneFiveYears 2022-12-31 02863204 d:MoreThanFiveYears 2023-12-31 02863204 d:MoreThanFiveYears 2022-12-31 02863204 2 2023-01-01 2023-12-31 02863204 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02863204














BIG COUNTRY LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BIG COUNTRY LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
BIG COUNTRY LIMITED
REGISTERED NUMBER:02863204

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
126,250
391,338

Cash at bank
 5 
94,965
500,615

  
221,215
891,953

Creditors: amounts falling due within one year
 6 
(244,920)
(361,824)

Net current (liabilities)/assets
  
 
 
(23,705)
 
 
530,129

Total assets less current liabilities
  
(23,705)
530,129

  

Net (liabilities)/assets
  
(23,705)
530,129


Capital and reserves
  

Called up share capital 
 7 
100,000
300,000

Share premium account
  
-
145,830

Other reserves
  
345,830
-

Profit and loss account
  
(469,535)
84,299

  
(23,705)
530,129


Page 1

 
BIG COUNTRY LIMITED
REGISTERED NUMBER:02863204
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




S Pearson
Director

Date: 2 January 2025

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

Page 2

 
BIG COUNTRY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Big Country Limited is a private company, limited by shares, registered in England and Wales, registration number 02863204. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
 
The principal activity of the company is continued to be that of management of premises letting.

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 the going concern basis as the shareholders have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 year 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.

 
2.4

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the management of premises letting is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of another entity.

Page 3

 
BIG COUNTRY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

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

 
2.7

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 corporation 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.


 
2.8

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.

 
2.9

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. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors and loans with related parties.

 
2.12

 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 (2022 - 2).

Page 4

 
BIG COUNTRY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
-
366,750

Amounts owed by associated undertakings
3,976
3,976

Other debtors
45,850
16,688

Prepayments and accrued income
76,424
3,924

126,250
391,338



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
94,965
500,615



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
135,715
25,226

Corporation tax
-
77,992

Other taxation and social security
73,976
50,868

Other creditors
1,546
1,546

Accruals and deferred income
33,683
206,192

244,920
361,824



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100,000 (2022 - 100,000) Ordinary shares of £1.00 each
100,000
100,000
NIL (2022 - 200,000) Deferred convertible shares of £1.00 each
-
200,000

100,000

300,000


Page 5

 
BIG COUNTRY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
420,000
330,000

Later than 1 year and not later than 5 years
1,800,000
1,320,000

Later than 5 years
4,087,500
3,025,000

6,307,500
4,675,000


9.


Related party transactions

At the balance sheet date, the company was owed an amount of £3,976 (2022 - £3,976) from associated undertakings. The loans are interest free and repayable on demand.

Page 6