Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08044650 2023-05-01 2024-04-30 08044650 2022-05-01 2023-04-30 08044650 2024-04-30 08044650 2023-04-30 08044650 c:Director1 2023-05-01 2024-04-30 08044650 d:FurnitureFittings 2023-05-01 2024-04-30 08044650 d:FurnitureFittings 2024-04-30 08044650 d:FurnitureFittings 2023-04-30 08044650 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08044650 d:FreeholdInvestmentProperty 2024-04-30 08044650 d:FreeholdInvestmentProperty 2023-04-30 08044650 d:CurrentFinancialInstruments 2024-04-30 08044650 d:CurrentFinancialInstruments 2023-04-30 08044650 d:Non-currentFinancialInstruments 2024-04-30 08044650 d:Non-currentFinancialInstruments 2023-04-30 08044650 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08044650 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08044650 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08044650 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08044650 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 08044650 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 08044650 d:ShareCapital 2024-04-30 08044650 d:ShareCapital 2023-04-30 08044650 d:RetainedEarningsAccumulatedLosses 2024-04-30 08044650 d:RetainedEarningsAccumulatedLosses 2023-04-30 08044650 c:FRS102 2023-05-01 2024-04-30 08044650 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08044650 c:FullAccounts 2023-05-01 2024-04-30 08044650 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08044650 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08044650









COUNTY (OUNDLE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
COUNTY (OUNDLE) LIMITED
REGISTERED NUMBER: 08044650

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
891
1,188

Investment property
 5 
671,231
671,231

  
672,122
672,419

Current assets
  

Debtors: amounts falling due within one year
 6 
132,230
131,850

Cash at bank and in hand
 7 
109
5,260

  
132,339
137,110

Creditors: amounts falling due within one year
 8 
(52,505)
(52,761)

Net current assets
  
 
 
79,834
 
 
84,349

Creditors: amounts falling due after more than one year
 9 
(430,000)
(430,000)

Provisions for liabilities
  

Deferred tax
  
(60,780)
(60,780)

  
 
 
(60,780)
 
 
(60,780)

Net assets
  
261,176
265,988


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
261,174
265,986

  
261,176
265,988


Page 1

 
COUNTY (OUNDLE) LIMITED
REGISTERED NUMBER: 08044650
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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.

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 income and retained earnings 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 24 January 2025.




Mr M Grossman
Director

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

Page 2

 
COUNTY (OUNDLE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

County (Oundle) Ltd. is a limited liability company incorporated in England. The registered office is 5 Stirling Courtyard, Stirling Way, Borehamwood, Hertfordshire, England, WD6 2FX.

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

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

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.

 
2.4

Borrowing costs

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

 
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.

Page 3

 
COUNTY (OUNDLE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
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:

Fixtures and fittings
-
25%
reducing balance method

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 the director 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
COUNTY (OUNDLE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

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.

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

Financial liabilities

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


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
COUNTY (OUNDLE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
5,500



At 30 April 2024

5,500



Depreciation


At 1 May 2023
4,312


Charge for the year on owned assets
297



At 30 April 2024

4,609



Net book value



At 30 April 2024
891



At 30 April 2023
1,188


5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
671,231



At 30 April 2024
671,231

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




Page 6

 
COUNTY (OUNDLE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
87,244
87,244

Other debtors
44,986
44,606

132,230
131,850



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
109
5,260

109
5,260



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
47,025
47,025

Accruals and deferred income
5,480
5,736

52,505
52,761



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
430,000
430,000

430,000
430,000


Page 7

 
COUNTY (OUNDLE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
430,000
430,000

430,000
430,000

430,000
430,000


 
Page 8