Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30No description of principal activity1true2023-10-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06982764 2023-10-01 2024-09-30 06982764 2022-10-01 2023-09-30 06982764 2024-09-30 06982764 2023-09-30 06982764 c:Director1 2023-10-01 2024-09-30 06982764 d:Buildings 2023-10-01 2024-09-30 06982764 d:Buildings 2024-09-30 06982764 d:Buildings 2023-09-30 06982764 d:OfficeEquipment 2023-10-01 2024-09-30 06982764 d:OfficeEquipment 2024-09-30 06982764 d:OfficeEquipment 2023-09-30 06982764 d:ComputerEquipment 2023-10-01 2024-09-30 06982764 d:ComputerEquipment 2024-09-30 06982764 d:ComputerEquipment 2023-09-30 06982764 d:CurrentFinancialInstruments 2024-09-30 06982764 d:CurrentFinancialInstruments 2023-09-30 06982764 d:Non-currentFinancialInstruments 2024-09-30 06982764 d:Non-currentFinancialInstruments 2023-09-30 06982764 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06982764 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06982764 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 06982764 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06982764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 06982764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 06982764 d:ShareCapital 2024-09-30 06982764 d:ShareCapital 2023-09-30 06982764 d:SharePremium 2024-09-30 06982764 d:SharePremium 2023-09-30 06982764 d:RetainedEarningsAccumulatedLosses 2024-09-30 06982764 d:RetainedEarningsAccumulatedLosses 2023-09-30 06982764 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 06982764 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 06982764 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 06982764 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 06982764 d:OtherDeferredTax 2024-09-30 06982764 d:OtherDeferredTax 2023-09-30 06982764 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06982764 c:OrdinaryShareClass1 2024-09-30 06982764 c:OrdinaryShareClass1 2023-09-30 06982764 c:FRS102 2023-10-01 2024-09-30 06982764 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06982764 c:FullAccounts 2023-10-01 2024-09-30 06982764 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06982764 d:Subsidiary1 2023-10-01 2024-09-30 06982764 d:Subsidiary1 1 2023-10-01 2024-09-30 06982764 6 2023-10-01 2024-09-30 06982764 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06982764





HAMSTEAD PARK FARM ESTATE
 
previously known as Nilecrest Limited








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024




 
HAMSTEAD PARK FARM ESTATE LIMITED
REGISTERED NUMBER: 06982764

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,000,000
-

Investments
 5 
1
1,311,880

  
8,000,001
1,311,880

Current assets
  

Debtors: amounts falling due within one year
 6 
4,945,260
-

  
4,945,260
-

Creditors: amounts falling due within one year
 7 
(6,857,882)
-

Net current (liabilities)/assets
  
 
 
(1,912,622)
 
 
-

Total assets less current liabilities
  
6,087,379
1,311,880

Creditors: amounts falling due after more than one year
 8 
(1,250,000)
-

Provisions for liabilities
  

Deferred tax
 10 
(620,747)
-

  
 
 
(620,747)
 
 
-

Net assets
  
4,216,632
1,311,880


Capital and reserves
  

Called up share capital 
 11 
101
101

Share premium account
  
1,311,779
1,311,779

Profit and loss account
  
2,904,752
-

  
4,216,632
1,311,880


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
HAMSTEAD PARK FARM ESTATE LIMITED
REGISTERED NUMBER: 06982764

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

R F W Gwyn-Jones
Director

Date: 10 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Hamstead Park Farm Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.
The principal activity of the company was that of farming and rental income from farm property.

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

The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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 during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

 
2.4

Borrowing costs

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

Page 3

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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 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.


 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

 
2.7

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Page 4

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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.

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

Page 5

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including the Director, during the year was as follows:


        2024
        2023
            No.
            No.







Officer
1
1


4.


Tangible fixed assets





Freehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


Additions
7,969,008
30,354
638
8,000,000



At 30 September 2024

7,969,008
30,354
638
8,000,000






Net book value



At 30 September 2024
7,969,008
30,354
638
8,000,000



At 30 September 2023
-
-
-
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
1,311,880


Amounts written off
(1,311,879)



At 30 September 2024
1




Page 6

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Dreamlodge Limited
2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB
Property development & farming
Ordinary
100%


6.


Debtors

2024
2023
£
£


Other debtors
4,945,260
-

4,945,260
-



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
6,857,882
-

6,857,882
-



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,250,000
-

1,250,000
-


Page 7

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
1,250,000
-


1,250,000
-


1,250,000
-



10.


Deferred taxation




2024


£






Charged to profit or loss
(620,747)



At end of year
(620,747)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,809)
-

Tax losses carried forward
1,944
-

Capital gains
(620,882)
-

(620,747)
-


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



101 (2023 - 101) Ordinary shares of £1 each
101
101


Page 8

 
HAMSTEAD PARK FARM ESTATE LIMITED
 

 
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Related party transactions

Included in amounts owed to group undertakings is the balance of £6,857,882 (2023: nil) to Dreamlodge Limited. These are interest free loans with no set repayment dates.


Page 9