Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-302023-12-302023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC224042 2023-01-01 2023-12-30 SC224042 2022-01-01 2022-12-31 SC224042 2023-12-30 SC224042 2022-12-31 SC224042 c:CompanySecretary1 2023-01-01 2023-12-30 SC224042 c:Director1 2023-01-01 2023-12-30 SC224042 c:Director2 2023-01-01 2023-12-30 SC224042 c:RegisteredOffice 2023-01-01 2023-12-30 SC224042 d:FreeholdInvestmentProperty 2023-01-01 2023-12-30 SC224042 d:FreeholdInvestmentProperty 2023-12-30 SC224042 d:FreeholdInvestmentProperty 2022-12-31 SC224042 d:CurrentFinancialInstruments 2023-12-30 SC224042 d:CurrentFinancialInstruments 2022-12-31 SC224042 d:Non-currentFinancialInstruments 2023-12-30 SC224042 d:Non-currentFinancialInstruments 2022-12-31 SC224042 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 SC224042 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC224042 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-30 SC224042 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC224042 d:ShareCapital 2023-12-30 SC224042 d:ShareCapital 2022-12-31 SC224042 d:RevaluationReserve 2023-01-01 2023-12-30 SC224042 d:RevaluationReserve 2023-12-30 SC224042 d:RevaluationReserve 2022-12-31 SC224042 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-30 SC224042 d:RetainedEarningsAccumulatedLosses 2023-12-30 SC224042 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC224042 c:OrdinaryShareClass1 2023-01-01 2023-12-30 SC224042 c:OrdinaryShareClass1 2023-12-30 SC224042 c:OrdinaryShareClass1 2022-12-31 SC224042 c:FRS102 2023-01-01 2023-12-30 SC224042 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-30 SC224042 c:FullAccounts 2023-01-01 2023-12-30 SC224042 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-30 SC224042 2 2023-01-01 2023-12-30 SC224042 5 2023-01-01 2023-12-30 SC224042 e:PoundSterling 2023-01-01 2023-12-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC224042










APPLETREE (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2023

 
APPLETREE (SCOTLAND) LIMITED
 

COMPANY INFORMATION


Directors
Mr J G F White 
Mrs L E White 




Company secretary
Mrs L E White



Registered number
SC224042



Registered office
26 Bruce Gardens
Dunfermline

Scotland

KY11 8HG




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
APPLETREE (SCOTLAND) LIMITED
REGISTERED NUMBER: SC224042

STATEMENT OF FINANCIAL POSITION
AS AT 30 DECEMBER 2023

30 December
31 December
2023
2022
£
£

Fixed assets
  

Investment property
 4 
1,342,500
2,340,000

  
1,342,500
2,340,000

Current assets
  

Debtors: amounts falling due within one year
 5 
782,856
407,637

Cash at bank and in hand
  
20,415
-

  
803,271
407,637

Creditors: amounts falling due within one year
 6 
(646,040)
(295,773)

Net current assets
  
 
 
157,231
 
 
111,864

Total assets less current liabilities
  
1,499,731
2,451,864

Creditors: amounts falling due after more than one year
 7 
-
(965,949)

Provisions for liabilities
  

Deferred tax
  
(87,154)
(127,374)

  
 
 
(87,154)
 
 
(127,374)

Net assets
  
1,412,577
1,358,541


Capital and reserves
  

Called up share capital 
 8 
2
2

Revaluation reserve
 9 
308,392
677,116

Profit and loss account
 9 
1,104,183
681,423

  
1,412,577
1,358,541


Page 1

 
APPLETREE (SCOTLAND) LIMITED
REGISTERED NUMBER: SC224042

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 DECEMBER 2023

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 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 17 March 2025.




Mr J G F White
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
APPLETREE (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2023

1.


General information

Appletree (Scotland) Limited is a private company limited by shares incorporated in Scotland with a registration number SC224042. The registered office is located at 26 Bruce Gardens, Dunfermline, Scotland, KY11 8HG. 

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

The Company's turnover is from rents and other income receivable from the letting of investment properties within the accounting period stated. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

 
2.5

Borrowing costs

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

Page 3

 
APPLETREE (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 reporting 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 reporting 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 reporting date.


 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 4

 
APPLETREE (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2023

4.


Investment property





Freehold investment property

£



Valuation


At 1 January 2023
2,340,000


Disposals
(997,500)



At 30 December 2023
1,342,500

The 2023 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

30 December
31 December
2023
2022
£
£


Amounts owed by group undertakings
145,489
-

Amounts owed by joint ventures and associated undertakings
637,367
400,044

Other debtors
-
7,593

782,856
407,637



6.


Creditors: Amounts falling due within one year

30 December
31 December
2023
2022
£
£

Bank overdrafts
-
3,405

Bank loans
260,000
24,313

Other taxation and social security
-
379

Other creditors
375,566
257,229

Accruals and deferred income
10,474
10,447

646,040
295,773


The bank loans are secured by various charges over the investment properties held. 

Page 5

 
APPLETREE (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

30 December
31 December
2023
2022
£
£

Bank loans
-
965,949

-
965,949



8.


Share capital

30 December
31 December
2023
2022
£
£
Authorised, allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



9.


Reserves

Revaluation reserve

Non distributable reserves represent the revaluation gain arising on previous UK GAAP treatment of investment property and further revaluations on the investment property. To comply with the requirements of FRS 102, deferred tax has been applied to the potential gain. 

Profit and loss account

Profit and loss account includes all current and prior period retained profit and losses. 


Page 6