Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseRental22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 6482741 2023-02-01 2024-01-31 6482741 2022-02-01 2023-01-31 6482741 2024-01-31 6482741 2023-01-31 6482741 2022-02-01 6482741 c:Director2 2023-02-01 2024-01-31 6482741 d:FreeholdInvestmentProperty 2024-01-31 6482741 d:FreeholdInvestmentProperty 2023-01-31 6482741 d:FreeholdInvestmentProperty 2 2023-02-01 2024-01-31 6482741 d:CurrentFinancialInstruments 2024-01-31 6482741 d:CurrentFinancialInstruments 2023-01-31 6482741 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 6482741 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 6482741 d:ShareCapital 2024-01-31 6482741 d:ShareCapital 2023-01-31 6482741 d:OtherMiscellaneousReserve 2023-02-01 2024-01-31 6482741 d:OtherMiscellaneousReserve 2024-01-31 6482741 d:OtherMiscellaneousReserve 2023-01-31 6482741 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 6482741 d:RetainedEarningsAccumulatedLosses 2024-01-31 6482741 d:RetainedEarningsAccumulatedLosses 2023-01-31 6482741 c:FRS102 2023-02-01 2024-01-31 6482741 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 6482741 c:FullAccounts 2023-02-01 2024-01-31 6482741 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 6482741 d:OtherDeferredTax 2024-01-31 6482741 d:OtherDeferredTax 2023-01-31 6482741 2 2023-02-01 2024-01-31 6482741 f:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 6482741









EASTSNOW ESTATES LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
EASTSNOW ESTATES LTD
REGISTERED NUMBER: 6482741

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,351,967
1,001,967

Current assets
  

Debtors: amounts falling due within one year
 5 
2,150,339
2,251,947

Cash at bank and in hand
 6 
218,167
458,890

  
2,368,506
2,710,837

Creditors: amounts falling due within one year
 7 
(257,026)
(643,691)

Net current assets
  
 
 
2,111,480
 
 
2,067,146

Total assets less current liabilities
  
5,463,447
3,069,113

Provisions for liabilities
  

Deferred tax
 8 
(666,644)
(53,568)

Net assets
  
4,796,803
3,015,545


Capital and reserves
  

Called up share capital 
  
100
100

Non-distributable reserves
 9 
2,101,710
356,894

Profit and loss account
 9 
2,694,993
2,658,551

  
4,796,803
3,015,545


Page 1

 
EASTSNOW ESTATES LTD
REGISTERED NUMBER: 6482741
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 28 January 2025.






P E Flannery
Director

Page 2

 
EASTSNOW ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Eastsnow Estates Ltd is a private company limited by shares, incorporated in England, United Kingdom.  The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN.   The company's principal activity during the year continued to be that of property investments and lettings.

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

Investment property

Investment property is carried at fair value determined annually by the directors 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 in the year.

 
2.4

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 3

 
EASTSNOW ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.7

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.

 
2.8

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.

 
2.9

Interest income

Interest income is recognised in profit or loss 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

 
EASTSNOW ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
EASTSNOW ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
1,001,967


Surplus on revaluation
2,350,000



At 31 January 2024
3,351,967

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





5.


Debtors

2024
2023
£
£


Trade debtors
-
85,719

Other debtors
2,150,325
2,166,214

Prepayments and accrued income
14
14

2,150,339
2,251,947



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
218,167
458,890


Page 6

 
EASTSNOW ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,790

Corporation tax
13,956
30,508

Other creditors
43,016
406,502

Accruals and deferred income
200,054
201,891

257,026
643,691



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(53,568)
(61,459)


(Charged)/released to profit or loss
(613,076)
7,891



At end of year
(666,644)
(53,568)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment properties
(666,644)
(53,568)


9.


Reserves

Non-distributable reserves

Non-distributable reserves relating to the unrealised gain or loss on fair value adjustments of investment properties.
Deferred tax has been provided on the revaluation of investment properties.

Profit and loss account

Includes all current and prior periods profit and loss.

Page 7

 
EASTSNOW ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Related party transactions


2024
2023
£
£

Amounts owed from connected companies
2,149,125
2,166,214
Amounts owed to connected companies
31,515
10,001
Income received from connected companies
12,000
12,000

Connected company loans are interest free and repayable on demand.

 
Page 8