Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11767209 2023-07-01 2024-06-30 11767209 2022-07-01 2023-06-30 11767209 2024-06-30 11767209 2023-06-30 11767209 c:Director1 2023-07-01 2024-06-30 11767209 c:Director2 2023-07-01 2024-06-30 11767209 d:CurrentFinancialInstruments 2024-06-30 11767209 d:CurrentFinancialInstruments 2023-06-30 11767209 d:Non-currentFinancialInstruments 2024-06-30 11767209 d:Non-currentFinancialInstruments 2023-06-30 11767209 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11767209 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11767209 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11767209 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11767209 d:ShareCapital 2024-06-30 11767209 d:ShareCapital 2023-06-30 11767209 d:RetainedEarningsAccumulatedLosses 2024-06-30 11767209 d:RetainedEarningsAccumulatedLosses 2023-06-30 11767209 c:FRS102 2023-07-01 2024-06-30 11767209 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11767209 c:FullAccounts 2023-07-01 2024-06-30 11767209 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11767209 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 11767209






UKAL NO3 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










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UKAL NO3 LIMITED
REGISTERED NUMBER:11767209

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
34,309,929
4,872,237

Debtors: amounts falling due within one year
 4 
3,324,137
155,328

Cash at bank and in hand
 5 
427,703
25,848

  
38,061,769
5,053,413

Creditors: amounts falling due within one year
 6 
(4,054,232)
(199,192)

Net current assets
  
 
 
34,007,537
 
 
4,854,221

Total assets less current liabilities
  
34,007,537
4,854,221

Creditors: amounts falling due after more than one year
 7 
(33,933,296)
(4,853,612)

  

Net assets
  
74,241
609


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
74,141
509

  
74,241
609


Page 1

 
UKAL NO3 LIMITED
REGISTERED NUMBER:11767209
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 10 March 2025.




M Thompson
G I Noble
Director
Director

Page 2

 
UKAL NO3 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

UKAL NO3 Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit B, Great Hollanden Business Centre, Underriver, Sevenoaks, Kent, TN15 0SQ.
The principal activity of the company is to facilitate the lending of funds to the agricultural sector.

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 Directors are of the opinion that the company is a going concern. The financial statements have been prepared on the going concern basis due to the continued support of the parent company, UK Agricultural Finance Limited.

 
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:

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

Borrowing costs

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

Page 3

 
UKAL NO3 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

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.


 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

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

Page 4

 
UKAL NO3 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
842,041
85,115

Other debtors
33,467,888
4,787,122

34,309,929
4,872,237


2024
2023
£
£

Due within one year

Trade debtors
44,468
-

Prepayments and accrued income
3,279,669
155,328

3,324,137
155,328



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
427,703
25,848

427,703
25,848



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,673,357
155,328

Corporation tax
-
120

Other taxation and social security
24,544
-

Other creditors
13,030
-

Accruals and deferred income
343,301
43,744

4,054,232
199,192


Page 5

 
UKAL NO3 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
33,469,189
4,788,425

Accruals and deferred income
464,107
65,187

33,933,296
4,853,612


The following liabilities were secured:

2024
2023
£
£



Other creditors
33,469,191
4,788,425

33,469,191
4,788,425

Details of security provided:

Other creditors are secured by way of fixed and floating charges over the current and future trade and assets of the company.

 
Page 6