Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312false2true2023-08-01falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12127706 2023-08-01 2024-07-31 12127706 2022-08-01 2023-07-31 12127706 2024-07-31 12127706 2023-07-31 12127706 c:Director1 2023-08-01 2024-07-31 12127706 d:CurrentFinancialInstruments 2024-07-31 12127706 d:CurrentFinancialInstruments 2023-07-31 12127706 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12127706 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12127706 d:ShareCapital 2024-07-31 12127706 d:ShareCapital 2023-07-31 12127706 d:RetainedEarningsAccumulatedLosses 2024-07-31 12127706 d:RetainedEarningsAccumulatedLosses 2023-07-31 12127706 c:FRS102 2023-08-01 2024-07-31 12127706 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12127706 c:FullAccounts 2023-08-01 2024-07-31 12127706 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12127706 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12127706









AUSTEN PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
AUSTEN PROPERTIES LIMITED
REGISTERED NUMBER: 12127706

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

As restated
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,066
-

Cash at bank and in hand
 5 
41,091
38,903

  
46,157
38,903

Creditors: amounts falling due within one year
 6 
(25,061)
(26,667)

Net current assets
  
 
 
21,096
 
 
12,236

Total assets less current liabilities
  
21,096
12,236

  

Net assets
  
21,096
12,236


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
21,094
12,234

  
21,096
12,236


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 2 April 2025.




................................................
Kim Austen
Director
Page 1

 
AUSTEN PROPERTIES LIMITED
REGISTERED NUMBER: 12127706
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AUSTEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Austen Properties Limited is a private company limited by shares, registered in the United Kingdown, company number 12127706 and the registered office is Manor House, 35 St Thomas's Road, Chorley, PR7 1HP. During the year the main principal activity of the company continued to be that of other letting and operating of own or leased real estate.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
AUSTEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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

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 year in which they are incurred.

 
2.6

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 reporting date in the countries where the Company operates and generates income.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
AUSTEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
7,000
7,000

Social security costs
845
-

7,845
7,000


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


4.


Debtors

2024
2023
£
£


Other debtors
5,066
-

5,066
-



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
41,091
38,903

41,091
38,903



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
108
-

Corporation tax
-
2,870

Other taxation and social security
3,028
-

Other creditors
16,779
19,407

Accruals and deferred income
5,146
4,390

25,061
26,667


 
Page 5