Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31falseNo description of principal activitytrue2023-11-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14433453 2023-11-01 2024-10-31 14433453 2022-10-20 2023-10-31 14433453 2024-10-31 14433453 2023-10-31 14433453 c:Director1 2023-11-01 2024-10-31 14433453 d:CurrentFinancialInstruments 2024-10-31 14433453 d:CurrentFinancialInstruments 2023-10-31 14433453 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 14433453 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14433453 d:ShareCapital 2024-10-31 14433453 d:ShareCapital 2023-10-31 14433453 d:RetainedEarningsAccumulatedLosses 2024-10-31 14433453 d:RetainedEarningsAccumulatedLosses 2023-10-31 14433453 d:TaxLossesCarry-forwardsDeferredTax 2024-10-31 14433453 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 14433453 c:OrdinaryShareClass1 2023-11-01 2024-10-31 14433453 c:OrdinaryShareClass1 2024-10-31 14433453 c:OrdinaryShareClass1 2023-10-31 14433453 c:OrdinaryShareClass2 2023-11-01 2024-10-31 14433453 c:OrdinaryShareClass2 2024-10-31 14433453 c:OrdinaryShareClass2 2023-10-31 14433453 c:FRS102 2023-11-01 2024-10-31 14433453 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14433453 c:FullAccounts 2023-11-01 2024-10-31 14433453 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14433453 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14433453










EUTOPIA INVESTMENTS KENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
EUTOPIA INVESTMENTS KENT LIMITED
REGISTERED NUMBER: 14433453

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
559,452
560,164

  
559,452
560,164

Creditors: amounts falling due within one year
 5 
(1,415)
(338)

Net current assets
  
 
 
558,037
 
 
559,826

Total assets less current liabilities
  
558,037
559,826

  

Net assets
  
558,037
559,826


Capital and reserves
  

Called up share capital 
 7 
560,100
560,100

Profit and loss account
  
(2,063)
(274)

  
558,037
559,826


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 by: 




S Hammond
Director

Date: 14 April 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
EUTOPIA INVESTMENTS KENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.


 
1.3

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.

 
1.4

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 2

 
EUTOPIA INVESTMENTS KENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.5

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.

 
1.6

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

Page 3

 
EUTOPIA INVESTMENTS KENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.


General information

Eutopia Investments Kent Limited is a limited company incorporated in England and Wales. The company's registered office is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Kent, TN3 8AD.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
558,868
560,000

Other debtors
584
164

559,452
560,164



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
690
338

Accruals and deferred income
725
-

1,415
338



6.


Deferred taxation




2024


£






At beginning of year
64


Charged to profit or loss
420



At end of year
484

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
484
64

Page 4

 
EUTOPIA INVESTMENTS KENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



560,000 (2023 - 560,000) A Ordinary shares of £1.00 each
560,000
560,000
100 (2023 - 100) B Ordinary shares of £1.00 each
100
100

560,100

560,100



Page 5