Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-29false2023-03-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08899163 2023-03-01 2024-02-29 08899163 2022-03-01 2023-02-28 08899163 2024-02-29 08899163 2023-02-28 08899163 c:Director1 2023-03-01 2024-02-29 08899163 c:RegisteredOffice 2023-03-01 2024-02-29 08899163 d:CurrentFinancialInstruments 2024-02-29 08899163 d:CurrentFinancialInstruments 2023-02-28 08899163 d:Non-currentFinancialInstruments 2024-02-29 08899163 d:Non-currentFinancialInstruments 2023-02-28 08899163 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08899163 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08899163 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 08899163 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 08899163 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 08899163 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 08899163 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 08899163 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 08899163 d:ShareCapital 2024-02-29 08899163 d:ShareCapital 2023-02-28 08899163 d:RetainedEarningsAccumulatedLosses 2024-02-29 08899163 d:RetainedEarningsAccumulatedLosses 2023-02-28 08899163 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-02-29 08899163 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 08899163 c:OrdinaryShareClass1 2023-03-01 2024-02-29 08899163 c:OrdinaryShareClass1 2024-02-29 08899163 c:OrdinaryShareClass1 2023-02-28 08899163 c:FRS102 2023-03-01 2024-02-29 08899163 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08899163 c:FullAccounts 2023-03-01 2024-02-29 08899163 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08899163 d:Right-of-useInvestmentProperty 2023-03-01 2024-02-29 08899163 d:Right-of-useInvestmentProperty 2024-02-29 08899163 d:Right-of-useInvestmentProperty 2023-02-28 08899163 d:OtherDeferredTax 2024-02-29 08899163 d:OtherDeferredTax 2023-02-28 08899163 e:Euro 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08899163









HUCKLE PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
HUCKLE PROPERTY LIMITED
 
 
COMPANY INFORMATION


Director
A W Humphreys 




Registered number
08899163



Registered office
Holland Farm
South Brewham

Somerset

BA10 0JZ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
HUCKLE PROPERTY LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
HUCKLE PROPERTY LIMITED
REGISTERED NUMBER: 08899163

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note

Fixed assets
  

Investment property
 4 
6,992,026
6,989,336

  
6,992,026
6,989,336

Current assets
  

Debtors: amounts falling due within one year
 5 
7,963
8,122

Cash at bank and in hand
 6 
20,446
17,224

  
28,409
25,346

Creditors: amounts falling due within one year
 7 
(4,462,245)
(4,090,596)

Net current liabilities
  
 
 
(4,433,836)
 
 
(4,065,250)

Total assets less current liabilities
  
2,558,190
2,924,086

Creditors: amounts falling due after more than one year
 8 
(2,023,893)
(2,196,457)

Provisions for liabilities
  

Deferred tax
 11 
(419,076)
(419,076)

  
 
 
(419,076)
 
 
(419,076)

Net assets
  
115,221
308,553


Capital and reserves
  

Called up share capital 
 12 
117
117

Profit and loss account
  
115,104
308,436

  
115,221
308,553


Page 1

 
HUCKLE PROPERTY LIMITED
REGISTERED NUMBER: 08899163
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 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: 




A W Humphreys
Director

Date: 25 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Huckle Property Limited is a private company, limited by shares, incorporated and domiciled in England and Wales with registration number of 08899163. The registered office is Holland Farm, South Brewham, Somerset, BA10 0JZ.

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 company expects the continued support of the shareholder, who has confirmed that he will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company.

 
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:

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

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.

Page 3

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Euros.

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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.6

Borrowing costs

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

 
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.

Page 4

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

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.

  
2.9

Investment property

Investment property is carried at fair value determined annually by the director or 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.

 
2.10

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

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware
of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure
required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
 
 
2.13

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.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 


3.


Employees

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


4.


Investment property





Investment property




Valuation


At 1 March 2023
6,989,336


Additions at cost
2,690



At 29 February 2024
6,992,026

The director considers €6,992,026 to be a fair reflection of the investment property's value as at 29 February 2024.




Page 6

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023


Prepayments and accrued income
7,963
8,122



6.


Cash and cash equivalents

29 February
28 February
2024
2023

Cash at bank and in hand
20,446
17,224



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023

Bank loans (Note 9)
172,553
164,821

Trade creditors
3,050
6,724

Other creditors
4,261,953
3,865,554

Accruals and deferred income
24,689
53,497

4,462,245
4,090,596



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023

Bank loans (Note 9)
2,023,893
2,196,457


Page 7

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023

Amounts falling due within one year

Bank loans
172,553
164,821


Amounts falling due 2-5 years

Bank loans
792,657
750,543

Amounts falling due after more than 5 years

Bank loans
1,231,236
1,445,914

2,196,446
2,361,278



10.


Financial instruments

29 February
28 February
2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
20,446
17,224




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
HUCKLE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

11.


Deferred taxation






2024








At beginning of year
419,076


Movement in year
-



At end of year
419,076

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023


Tax on investment property revaluation
419,076
419,076

419,076
419,076


12.


Share capital

29 February
28 February
2024
2023
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
117
117


 
Page 9