Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30222023-07-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10834526 2023-07-01 2024-06-30 10834526 2022-07-01 2023-06-30 10834526 2024-06-30 10834526 2023-06-30 10834526 c:Director1 2023-07-01 2024-06-30 10834526 c:Director2 2023-07-01 2024-06-30 10834526 c:RegisteredOffice 2023-07-01 2024-06-30 10834526 d:Buildings 2023-07-01 2024-06-30 10834526 d:Buildings 2024-06-30 10834526 d:Buildings 2023-06-30 10834526 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10834526 d:MotorVehicles 2023-07-01 2024-06-30 10834526 d:MotorVehicles 2024-06-30 10834526 d:MotorVehicles 2023-06-30 10834526 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10834526 d:FurnitureFittings 2023-07-01 2024-06-30 10834526 d:FurnitureFittings 2024-06-30 10834526 d:FurnitureFittings 2023-06-30 10834526 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10834526 d:OfficeEquipment 2023-07-01 2024-06-30 10834526 d:OfficeEquipment 2024-06-30 10834526 d:OfficeEquipment 2023-06-30 10834526 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10834526 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10834526 d:CurrentFinancialInstruments 2024-06-30 10834526 d:CurrentFinancialInstruments 2023-06-30 10834526 d:Non-currentFinancialInstruments 2024-06-30 10834526 d:Non-currentFinancialInstruments 2023-06-30 10834526 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10834526 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10834526 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10834526 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10834526 d:ShareCapital 2024-06-30 10834526 d:ShareCapital 2023-06-30 10834526 d:RetainedEarningsAccumulatedLosses 2024-06-30 10834526 d:RetainedEarningsAccumulatedLosses 2023-06-30 10834526 c:FRS102 2023-07-01 2024-06-30 10834526 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10834526 c:FullAccounts 2023-07-01 2024-06-30 10834526 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10834526 2 2023-07-01 2024-06-30 10834526 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 10834526







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


COASTALCASEMANAGEMENT LTD






































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COASTALCASEMANAGEMENT LTD
 


 
COMPANY INFORMATION


Directors
Ms L Brown 
Ms E Glackin 




Registered number
10834526



Registered office
39 Knights Bank Road
Hill Head

Fareham

PO14 3HX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


COASTALCASEMANAGEMENT LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


COASTALCASEMANAGEMENT LTD
REGISTERED NUMBER:10834526



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
80,820
81,966

  
80,820
81,966

Current assets
  

Debtors: amounts falling due within one year
 5 
259,233
173,823

Cash at bank and in hand
  
36,760
8,151

  
295,993
181,974

Creditors: amounts falling due within one year
 6 
(220,448)
(168,870)

Net current assets
  
 
 
75,545
 
 
13,104

Total assets less current liabilities
  
156,365
95,070

Creditors: amounts falling due after more than one year
 7 
(8,250)
(19,724)

Provisions for liabilities
  

Deferred tax
  
(8,904)
(8,922)

  
 
 
(8,904)
 
 
(8,922)

Net assets
  
139,211
66,424

Page 1

 


COASTALCASEMANAGEMENT LTD
REGISTERED NUMBER:10834526


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
139,111
66,324

  
139,211
66,424


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 by: 




Ms L Brown
Director

Date: 18 March 2025

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

Page 2

 


COASTALCASEMANAGEMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Coastalcasemanagement Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

Page 3

 


COASTALCASEMANAGEMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

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 accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
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 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.


 
2.9

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.

Page 4

 


COASTALCASEMANAGEMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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 basis.

Depreciation is provided on the following basis:

Freehold property
-
10%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 


COASTALCASEMANAGEMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
39,865
12,395
82,125
16,459
150,844


Additions
-
-
19,997
5,939
25,936


Disposals
-
-
(2,348)
-
(2,348)



At 30 June 2024

39,865
12,395
99,774
22,398
174,432



Depreciation


At 1 July 2023
18,829
3,099
35,615
11,335
68,878


Charge for the year on owned assets
3,986
2,324
16,245
2,766
25,321


Disposals
-
-
(587)
-
(587)



At 30 June 2024

22,815
5,423
51,273
14,101
93,612



Net book value



At 30 June 2024
17,050
6,972
48,501
8,297
80,820



At 30 June 2023
21,036
9,296
46,510
5,124
81,966

Page 6

 


COASTALCASEMANAGEMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
47,405
105,835

Other debtors
26,664
46,427

Prepayments and accrued income
174,865
11,262

Tax recoverable
10,299
10,299

259,233
173,823



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
11,517
14,703

Trade creditors
20,703
13,254

Corporation tax
82,283
48,182

Other taxation and social security
589
-

Other creditors
102,116
89,791

Accruals and deferred income
3,240
2,940

220,448
168,870



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,250
19,724

8,250
19,724



8.


Transactions with directors

At the year end, included within debtors due under one year were amounts due to the company from directors amounting to £26,617 (2023 - £26,635). Interest is charged at the official rate per HMRC on the loan balance which is repayable on demand.

 
Page 7