Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-01No description of principal activity42023-09-01falsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false 10443076 2023-09-01 2024-08-31 10443076 2022-09-01 2023-08-31 10443076 2024-08-31 10443076 2023-08-31 10443076 c:Director1 2023-09-01 2024-08-31 10443076 d:CurrentFinancialInstruments 2024-08-31 10443076 d:CurrentFinancialInstruments 2023-08-31 10443076 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10443076 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10443076 d:ShareCapital 2024-08-31 10443076 d:ShareCapital 2023-08-31 10443076 d:RetainedEarningsAccumulatedLosses 2024-08-31 10443076 d:RetainedEarningsAccumulatedLosses 2023-08-31 10443076 c:FRS102 2023-09-01 2024-08-31 10443076 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10443076 c:FullAccounts 2023-09-01 2024-08-31 10443076 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10443076 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 10443076










CHASESTEAD LV LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
CHASESTEAD LV LIMITED
REGISTERED NUMBER: 10443076

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
21,192

Debtors: amounts falling due within one year
 4 
8,761
23,774

Cash at bank and in hand
 5 
150,844
131,894

  
159,605
176,860

Creditors: amounts falling due within one year
 6 
(16,985)
(48,614)

Net current assets
  
 
 
142,620
 
 
128,246

  

Net assets
  
142,620
128,246


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
141,620
127,246

  
142,620
128,246


Page 1

 
CHASESTEAD LV LIMITED
REGISTERED NUMBER: 10443076
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

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: 




................................................
Robin Moore
Director

Date: 1 May 2025

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

Page 2

 
CHASESTEAD LV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Chasestead LV Limited is a private limited company, incorporated in England and Wales.
The registered office and principal place of business is Icknield Way, Letchworth Garden City, Hertfordshire, SG6 1JX.

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

Going concern

The Directors have looked forward 12 months and have concluded that the Company should be able
to operate within its current cash resources for the foreseeable future and therefore believe it is
appropriate to prepare these financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
CHASESTEAD LV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

Stocks

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. 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.

Page 4

 
CHASESTEAD LV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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.

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 4).


4.


Debtors

2024
2023
£
£


Trade debtors
-
15,176

Amounts owed by group undertakings
8,598
8,598

Other debtors
163
-

8,761
23,774


Page 5

 
CHASESTEAD LV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
150,844
131,894



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,770
44,394

Corporation tax
3,815
-

Other taxation and social security
-
1,820

Accruals and deferred income
2,400
2,400

16,985
48,614



7.


Related party transactions

During the year, Chasestead LV Limited were recharged £32,351 (2023 - £354,498) from Chasestead Limited. At 31 August 2024 there was a balance of £nil- (2023 - £8,595) due to Chasestead Limited, a fellow subsidiary, included within trade creditors. 
At 31 August 2024, £8,598 (2023 - £8,598) was due from Chasestead Limited. The loan is interest free and repayable on demand.


8.


Ultimate parent company

The ultimate parent company is Chasestead Holdings Limited. The registered office is Icknield Way, Letchworth Garden City, Hertfordshire, SG6 1JX. 
 
Page 6