Caseware UK (AP4) 2023.0.135 2023.0.135 12023-08-01property development and investmentfalse1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 3915816 2023-08-01 2024-07-31 3915816 2022-08-01 2023-07-31 3915816 2024-07-31 3915816 2023-07-31 3915816 c:Director1 2023-08-01 2024-07-31 3915816 d:CurrentFinancialInstruments 2024-07-31 3915816 d:CurrentFinancialInstruments 2023-07-31 3915816 d:Non-currentFinancialInstruments 2024-07-31 3915816 d:Non-currentFinancialInstruments 2023-07-31 3915816 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 3915816 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 3915816 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 3915816 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 3915816 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 3915816 d:ShareCapital 2024-07-31 3915816 d:ShareCapital 2023-07-31 3915816 d:RetainedEarningsAccumulatedLosses 2024-07-31 3915816 d:RetainedEarningsAccumulatedLosses 2023-07-31 3915816 c:FRS102 2023-08-01 2024-07-31 3915816 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 3915816 c:FullAccounts 2023-08-01 2024-07-31 3915816 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 3915816 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 3915816





 
Longhunt Estates Limited          
 
Financial statements          

For the year ended 31 July 2024          

 
Longhunt Estates Limited
Registered number:3915816

Balance sheet
as at 31 July 2024


2024

2023
                                                                                    Note
£
£
£
£

  

Current assets
  

Stocks
 4 
22,077
22,077

Debtors
 7 
120,000
120,000

Cash at bank and in hand
 5 
11,565
23,542

  
153,642
165,619

Creditors: amounts falling due within one year
 6 
(12,018)
(11,977)

Net current assets
  
 
 
141,624
 
 
153,642

Total assets less current liabilities
  
141,624
153,642

Creditors: amounts falling due after more than one year
 8 
(7,712)
(18,421)

  

Net assets
  
133,912
135,221


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
133,812
135,121

  
133,912
135,221


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 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 12 March 2025.

Mr T Thompson
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
Longhunt Estates Limited
Registered number:3915816
    
Balance sheet (continued)
as at 31 July 2024


Page 2

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2024

1.


General information

Longhunt Estates Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is The Priory, Coldarbour Farm, Grange Green, Tilty Dunmow, Essex, CM6 2EH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Stock

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

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.

 
2.4

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.

 
2.5

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
 

Page 3

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Page 4

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Borrowing costs

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


3.


Employees

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


4.


Stock

2024
2023
£
£

Raw materials and consumables
22,077
22,077



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,565
23,542



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
11,184
10,543

Other creditors
234
234

Accruals and deferred income
600
1,200

12,018
11,977


Page 5

 
Longhunt Estates Limited
 
 
Notes to the financial statements
for the year ended 31 July 2024

7.


Debtors

2024
2023
£
£


Other debtors
120,000
120,000





8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,712
18,421



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
11,184
10,542

Amounts falling due 1-2 years

Bank loans
7,712
10,254

Amounts falling due 2-5 years

Bank loans
-
8,167


18,896
28,963


The loan is unsecured and is payable in instalments over 5 years at a fixed interest rate of 2.5%.

 
Page 6