Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302false22023-05-01falseproperty investmenttrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03367895 2023-05-01 2024-04-30 03367895 2022-05-01 2023-04-30 03367895 2024-04-30 03367895 2023-04-30 03367895 2022-05-01 03367895 1 2023-05-01 2024-04-30 03367895 1 2022-05-01 2023-04-30 03367895 d:Director1 2023-05-01 2024-04-30 03367895 e:CurrentFinancialInstruments 2024-04-30 03367895 e:CurrentFinancialInstruments 2023-04-30 03367895 e:Non-currentFinancialInstruments 2024-04-30 03367895 e:Non-currentFinancialInstruments 2023-04-30 03367895 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 03367895 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 03367895 e:Non-currentFinancialInstruments e:AfterOneYear 2024-04-30 03367895 e:Non-currentFinancialInstruments e:AfterOneYear 2023-04-30 03367895 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-04-30 03367895 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-04-30 03367895 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-04-30 03367895 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-04-30 03367895 e:ShareCapital 2024-04-30 03367895 e:ShareCapital 2023-04-30 03367895 e:ShareCapital 2022-05-01 03367895 e:SharePremium 2023-05-01 2024-04-30 03367895 e:SharePremium 2024-04-30 03367895 e:SharePremium 1 2023-05-01 2024-04-30 03367895 e:SharePremium 2023-04-30 03367895 e:SharePremium 2022-05-01 03367895 e:SharePremium 1 2022-05-01 2023-04-30 03367895 e:OtherMiscellaneousReserve 2023-05-01 2024-04-30 03367895 e:OtherMiscellaneousReserve 2024-04-30 03367895 e:OtherMiscellaneousReserve 1 2023-05-01 2024-04-30 03367895 e:OtherMiscellaneousReserve 2023-04-30 03367895 e:OtherMiscellaneousReserve 2022-05-01 03367895 e:OtherMiscellaneousReserve 1 2022-05-01 2023-04-30 03367895 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 03367895 e:RetainedEarningsAccumulatedLosses 2024-04-30 03367895 e:RetainedEarningsAccumulatedLosses 1 2023-05-01 2024-04-30 03367895 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 03367895 e:RetainedEarningsAccumulatedLosses 2023-04-30 03367895 e:RetainedEarningsAccumulatedLosses 2022-05-01 03367895 e:RetainedEarningsAccumulatedLosses 1 2022-05-01 2023-04-30 03367895 d:FRS102 2023-05-01 2024-04-30 03367895 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03367895 d:FullAccounts 2023-05-01 2024-04-30 03367895 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03367895 e:OtherDeferredTax 2024-04-30 03367895 e:OtherDeferredTax 2023-04-30 03367895 2 2023-05-01 2024-04-30 03367895 e:ShareCapital 1 2023-05-01 2024-04-30 03367895 e:ShareCapital 1 2022-05-01 2023-04-30 03367895 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 03367895



BICKNELL ESTATES LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  30 APRIL 2024

 
BICKNELL ESTATES LIMITED
REGISTERED NUMBER:03367895

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
7,022,686
7,263,325

  
7,022,686
7,263,325

Current assets
  

Debtors: amounts falling due within one year
 5 
21,520
19,874

Cash at bank and in hand
  
87,178
37,680

  
108,698
57,554

Creditors: amounts falling due within one year
 6 
(260,756)
(357,855)

Net current liabilities
  
 
 
(152,058)
 
 
(300,301)

Total assets less current liabilities
  
6,870,628
6,963,024

Creditors: amounts falling due after more than one year
 7 
(3,620,383)
(3,630,659)

Provisions for liabilities
  

Deferred tax
 9 
(516,007)
(561,408)

  
 
 
(516,007)
 
 
(561,408)

Net assets
  
2,734,238
2,770,957


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
 10 
1,000
1,000

Non-distributable reserve
 10 
2,522,713
2,721,121

Profit and loss account
 10 
209,525
47,836

  
2,734,238
2,770,957


Page 1

 
BICKNELL ESTATES LIMITED
REGISTERED NUMBER:03367895
    
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 on 23 January 2025.




C. J. Bicknell
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
BICKNELL ESTATES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£


At 1 May 2022
1,000
1,000
2,899,800
25,588
2,927,388



Profit for the year
-
-
-
32,248
32,248

Property revaluation deficit
-
-
(178,679)
-
(178,679)

Dividends: Equity capital
-
-
-
(10,000)
(10,000)



At 1 May 2023
1,000
1,000
2,721,121
47,836
2,770,957



Profit for the year
-
-
-
171,689
171,689

Property revaluation deficit
-
-
(198,408)
-
(198,408)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(10,000)
(10,000)


At 30 April 2024
1,000
1,000
2,522,713
209,525
2,734,238


The notes on pages 4 to 9 form part of these financial statements.

Page 3

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

1.


General information

Bicknell Estates Limited is a private company limited by share capital, incorporated in England, registration number 03367895. The address of the registered office is 30 Orange Street, London, WC2H 7HF.

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

Turnover is recognised to the extent that is it probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover represents the rent receivable for the year. 

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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

Borrowing costs

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

Page 4

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

2.Accounting policies (continued)

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.


 
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

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.

 
2.10

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.

 
2.11

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.

Page 5

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

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies
Loans to subsidiaries
Other fixed asset investments
Total

£
£
£
£



Cost or valuation


At 1 May 2023
200
135,606
7,127,519
7,263,325


Additions
-
98,336
26,089
124,425


Disposals
-
-
(121,255)
(121,255)


Revaluations
-
-
(243,809)
(243,809)



At 30 April 2024
200
233,942
6,788,544
7,022,686





5.


Debtors

2024
2023
£
£


Other debtors
21,520
19,874

21,520
19,874


Page 6

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
22,000
22,000

Trade creditors
3,600
-

Other creditors
227,156
326,865

Accruals and deferred income
8,000
8,990

260,756
357,855



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,620,383
3,516,154

Other creditors
-
114,505

3,620,383
3,630,659


The bank loans include £3,153,609 (2023 - £3,042,673) on an interest only basis at varying rates as agreed above base rate and £466,774 (2023 - £473,481) repayable by annual instalments with interest at 3.79%, the current proportion of which is included within Creditors: Amounts falling due within one year, and all loans are secured on the company's freehold properties.
 

Page 7

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

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
22,000
22,000


22,000
22,000

Amounts falling due 1-2 years

Bank loans
3,594,217
3,465,987

3,594,217
3,465,987

Amounts falling due 2-5 years

Bank loans
26,167
50,167


26,167
50,167


3,642,384
3,538,154


Page 8

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

9.


Deferred taxation




2024


£






At beginning of year
(561,408)


Charged to profit or loss
45,401



At end of year
(516,007)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On property revaluation surplus/(deficit)
(516,007)
(561,408)

(516,007)
(561,408)


10.


Reserves

Share premium account

This represents the share premium on the shares issued.

Other reserves

Other reserves represents the revaluation surplus/(deficit) on investment properties.

 
Page 9