Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31falsetrueNo description of principal activity2023-09-01false314trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02428926 2023-09-01 2024-08-31 02428926 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2023-09-01 2024-08-31 02428926 c:KeyManagementIndividualGroup2 c:OtherTransactionType2 2023-09-01 2024-08-31 02428926 c:KeyManagementIndividualGroup3 c:OtherTransactionType3 2023-09-01 2024-08-31 02428926 c:KeyManagementIndividualGroup4 c:OtherTransactionType4 2023-09-01 2024-08-31 02428926 2022-09-01 2023-08-31 02428926 2024-08-31 02428926 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2024-08-31 02428926 c:KeyManagementIndividualGroup2 c:OtherTransactionType2 2024-08-31 02428926 c:KeyManagementIndividualGroup3 c:OtherTransactionType3 2024-08-31 02428926 2023-08-31 02428926 d:Director1 2023-09-01 2024-08-31 02428926 c:PlantMachinery 2023-09-01 2024-08-31 02428926 c:PlantMachinery 2024-08-31 02428926 c:PlantMachinery 2023-08-31 02428926 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02428926 c:MotorVehicles 2023-09-01 2024-08-31 02428926 c:MotorVehicles 2024-08-31 02428926 c:MotorVehicles 2023-08-31 02428926 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02428926 c:FurnitureFittings 2023-09-01 2024-08-31 02428926 c:FurnitureFittings 2024-08-31 02428926 c:FurnitureFittings 2023-08-31 02428926 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02428926 c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02428926 c:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 02428926 c:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 02428926 c:FreeholdInvestmentProperty 2023-09-01 2024-08-31 02428926 c:FreeholdInvestmentProperty 2024-08-31 02428926 c:FreeholdInvestmentProperty 2023-08-31 02428926 c:CurrentFinancialInstruments 2024-08-31 02428926 c:CurrentFinancialInstruments 2023-08-31 02428926 c:Non-currentFinancialInstruments 2024-08-31 02428926 c:Non-currentFinancialInstruments 2023-08-31 02428926 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 02428926 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 02428926 c:Non-currentFinancialInstruments c:AfterOneYear 2024-08-31 02428926 c:Non-currentFinancialInstruments c:AfterOneYear 2023-08-31 02428926 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-08-31 02428926 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-08-31 02428926 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-08-31 02428926 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-08-31 02428926 c:ShareCapital 2024-08-31 02428926 c:ShareCapital 2023-08-31 02428926 c:RetainedEarningsAccumulatedLosses 2024-08-31 02428926 c:RetainedEarningsAccumulatedLosses 2023-08-31 02428926 d:FRS102 2023-09-01 2024-08-31 02428926 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02428926 d:FullAccounts 2023-09-01 2024-08-31 02428926 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02428926 6 2023-09-01 2024-08-31 02428926 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 02428926










COURT LANGLEY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
COURT LANGLEY LIMITED
REGISTERED NUMBER:02428926

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
64,896
99,244

Investment property
 6 
2,369,479
2,100,000

  
2,434,375
2,199,244

Current assets
  

Stocks
  
2,939
162,122

Debtors: amounts falling due after more than one year
 7 
326,726
402,825

Debtors: amounts falling due within one year
 7 
130,328
199,886

Cash at bank and in hand
  
65,566
68,577

  
525,559
833,410

Creditors: amounts falling due within one year
 8 
(2,036,435)
(1,984,131)

Net current liabilities
  
 
 
(1,510,876)
 
 
(1,150,721)

Total assets less current liabilities
  
923,499
1,048,523

Creditors: amounts falling due after more than one year
 9 
(206,787)
(254,610)

Provisions for liabilities
  

Deferred tax
  
(104,127)
(90,563)

Net assets
  
612,585
703,350


Capital and reserves
  

Called up share capital 
  
200,000
200,000

Profit and loss account
  
412,585
503,350

  
612,585
703,350


Page 1

 
COURT LANGLEY LIMITED
REGISTERED NUMBER:02428926
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 by: 




................................................
Mr A A Tejpar
Director

Date: 24 February 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Court Langley Limited (“the Company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information. 
The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest whole pound. 

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 a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its directors and shareholders. The financial statements do not include any adjustments that would result if such support is not continuing.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
 
Page 3

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.3
Revenue (continued)


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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line or reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% on written down value
Motor vehicles
-
25% on written down value
Fixtures and fittings
-
25% on written down value

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.

Page 4

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

  
2.6

Investment properties

Investment property is carried at fair value determined annually by the directors with reference to external valuations 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 the Profit and Loss Account.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.12

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'.

 
2.13

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.

 
2.14

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.

 
2.15

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.

Page 6

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.16

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.17

Borrowing costs

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

 
2.18

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.

 
2.19

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.


Page 7

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 14).


4.


Intangible assets




Patents

£



Cost


At 1 September 2023
11,774



At 31 August 2024

11,774



Amortisation


At 1 September 2023
11,774



At 31 August 2024

11,774



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 8

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 September 2023
485,386
295,971
37,592
818,949



At 31 August 2024

485,386
295,971
37,592
818,949



Depreciation


At 1 September 2023
398,828
287,073
33,804
719,705


Charge for the year on owned assets
21,662
8,898
3,788
34,348



At 31 August 2024

420,490
295,971
37,592
754,053



Net book value



At 31 August 2024
64,896
-
-
64,896



At 31 August 2023
86,558
8,898
3,788
99,244


6.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
2,100,000


Additions at cost
269,479



At 31 August 2024
2,369,479

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




Page 9

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by participating interests
326,726
402,825


2024
2023
£
£

Due within one year

Trade debtors
1,500
30,167

Amounts owed by group undertakings
122,948
84,294

Other debtors
-
79,987

Prepayments and accrued income
5,880
5,438

130,328
199,886



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
75,490
70,440

Bank loans
48,709
49,893

Trade creditors
15,887
29,759

Amounts owed to group undertakings
1,467,897
1,469,897

Corporation tax
-
205

Other taxation and social security
5,775
4,483

Other creditors
403,789
346,331

Accruals and deferred income
18,888
13,123

2,036,435
1,984,131


The bank loans and overdrafts of £124,199 (2023: £120,333) falling due within one year are secured by the company. 

Page 10

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
206,787
254,610


The bank loans of £206,787 (2023: £254,610) falling due after more than one year, of which £158,509 (2023: £195,150) is due after more than two years, are secured by the company. 


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within 1 year

Bank loans
48,709
49,893

Amounts falling due 1-2 years

Bank loans
48,278
59,460


Amounts falling due after more than 5 years

Bank loans
158,509
195,150

255,496
304,503



11.


Pension commitments

The company contributes to a defined contribution scheme for its employees.
At the balance sheet date there were outstanding contributions of £303 (2023: £900). This amount is included within other creditors.

Page 11

 
COURT LANGLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Related party transactions

At the balance sheet date Court Langley Limited owed parent company Court Langley Holdings Limited  £1,467,897 (2023: £1,469,897). This loan is unsecured, interest free and repayable on demand. This balance is included within amounts owed to group undertakings.
At the balance sheet date Court Langley Limited was owed £122,948 (2023: £84,294) from group company Autoworld Limited. This loan is unsecured, interest free and repayable on demand. This balance is included within amounts owed by group undertakings.
At the balance sheet date Court Langley Limited was owed £326,726(2023: £402,825) from Environmental Biotech International LLC, a connected business. This loan is unsecured and interest free. This balance is included within amounts owed by participating interests.
At the balance sheet date Court Langley Limited was owed £nil (2023: £78,182) from Banstead Services Limited, a connected business. This loan is unsecured, interest free and repayable on demand. This balance is included within other debtors.  
During the year transactions took place with the directors and at the year end the directors were owed £262,823 (2023: £194,394). This loan is unsecured, interest free and repayable on demand. This amount is included within other creditors.


13.


Controlling party

The company's immediate and ultimate parent company is Court Langley Holdings Limited, a company incorporated in England and Wales, and holding all of the issued ordinary shares in this company.  The registered office of Court Langley Holdings Limited is 1 The Forum, Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT.

Page 12