Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity42falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00837132 2023-04-01 2024-03-31 00837132 2022-04-01 2023-03-31 00837132 2024-03-31 00837132 2023-03-31 00837132 2022-04-01 00837132 c:Director4 2023-04-01 2024-03-31 00837132 d:LeaseholdInvestmentProperty 2024-03-31 00837132 d:LeaseholdInvestmentProperty 2023-03-31 00837132 d:CurrentFinancialInstruments 2024-03-31 00837132 d:CurrentFinancialInstruments 2023-03-31 00837132 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00837132 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00837132 d:ShareCapital 2024-03-31 00837132 d:ShareCapital 2023-03-31 00837132 d:SharePremium 2023-04-01 2024-03-31 00837132 d:SharePremium 2024-03-31 00837132 d:SharePremium 2023-03-31 00837132 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00837132 d:OtherMiscellaneousReserve 2024-03-31 00837132 d:OtherMiscellaneousReserve 2023-03-31 00837132 d:RetainedEarningsAccumulatedLosses 2024-03-31 00837132 d:RetainedEarningsAccumulatedLosses 2023-03-31 00837132 c:FRS102 2023-04-01 2024-03-31 00837132 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00837132 c:FullAccounts 2023-04-01 2024-03-31 00837132 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00837132 d:OtherDeferredTax 2024-03-31 00837132 d:OtherDeferredTax 2023-03-31 00837132 6 2023-04-01 2024-03-31 00837132 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 00837132














TOWN & COUNTRY INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 MARCH 2024

 
TOWN & COUNTRY INVESTMENTS LIMITED
REGISTERED NUMBER: 00837132

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,081,735
1,213,884

Investment property
 5 
3,000,000
3,000,000

  
4,081,735
4,213,884

Current assets
  

Debtors: amounts falling due within one year
 6 
34,979
98,979

Cash at bank and in hand
 7 
292,816
243,791

  
327,795
342,770

Creditors: amounts falling due within one year
 8 
(1,650,656)
(1,705,832)

Net current liabilities
  
 
 
(1,322,861)
 
 
(1,363,062)

Total assets less current liabilities
  
2,758,874
2,850,822

Provisions for liabilities
  

Deferred tax
 9 
(82,233)
(82,233)

  
 
 
(82,233)
 
 
(82,233)

Net assets
  
£2,676,641
£2,768,589


Capital and reserves
  

Called up share capital 
  
6,675
6,675

Share premium account
 10 
23,325
23,325

Other reserves
 10 
464,298
464,298

Profit and loss account
 10 
2,182,343
2,274,291

  
£2,676,641
£2,768,589


Page 1

 
TOWN & COUNTRY INVESTMENTS LIMITED
REGISTERED NUMBER: 00837132

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 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 13 February 2025.




___________________________
Mr T R Midlane
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TOWN & COUNTRY INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Town and Country Investments Limited is a private company limited by shares and is incorporated in England and Wales. The company registration number is 00837132 and the registered address is Henwood House, Henwood, Ashford, Kent TN24 8DH.

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 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 Statement of income and retained earnings.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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

 
TOWN & COUNTRY INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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

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.

 
2.9

Current and deferred taxation

The tax expense for the period 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 4

 
TOWN & COUNTRY INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including the directors, during the period was as follows:


        2024
        2023
            No.
            No.







Directors
4
2


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
1,213,884


Additions
(132,149)



At 31 March 2024
£1,081,735




The company owns a majority interest in County Clothes LLP. The loss for the year was £199,149 (2023 - profit of £77,052) and capital and reserves were £1,172,552 (2023 - £1,281,638).


5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2023
3,000,000



At 31 March 2024
3,000,000

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






Page 5

 
TOWN & COUNTRY INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

As restated
2024
2023
£
£


Other debtors
34,979
98,979

£34,979
£98,979



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
292,816
243,791

£292,816
£243,791



8.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Corporation tax
-
34,237

Other taxation and social security
12,880
12,272

Other creditors
1,628,346
1,645,001

Accruals and deferred income
9,430
14,322

£1,650,656
£1,705,832



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(82,233)
(82,233)



At end of year
£(82,233)
£(82,233)

Page 6

 
TOWN & COUNTRY INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation surplus
82,233
82,233

£82,233
£82,233


10.


Reserves

Share premium account

This is the excess received over the par value of the issued shares.

Other reserves

This is comprised of non-distributable reserves arising from fair value adjustments of investment properties and the relevant deferred tax thereon.


11.


Related party transactions

County Development Company (Canterbury) Limited, a company in which Mr R S Midlane has a substantial interest, continued in providing a loan. At the balance sheet date the company owed £1,566,971 (2023 - £1,556,159).

Page 7