Caseware UK (AP4) 2024.0.164 2024.0.164 5true2023-10-01false4No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03255908 2023-10-01 2024-09-30 03255908 2022-10-01 2023-09-30 03255908 2024-09-30 03255908 2023-09-30 03255908 2022-10-01 03255908 c:Director4 2023-10-01 2024-09-30 03255908 d:PlantMachinery 2023-10-01 2024-09-30 03255908 d:PlantMachinery 2024-09-30 03255908 d:PlantMachinery 2023-09-30 03255908 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03255908 d:MotorVehicles 2023-10-01 2024-09-30 03255908 d:MotorVehicles 2024-09-30 03255908 d:MotorVehicles 2023-09-30 03255908 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03255908 d:OfficeEquipment 2023-10-01 2024-09-30 03255908 d:OfficeEquipment 2024-09-30 03255908 d:OfficeEquipment 2023-09-30 03255908 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03255908 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03255908 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 03255908 d:FreeholdInvestmentProperty 2024-09-30 03255908 d:FreeholdInvestmentProperty 2023-09-30 03255908 d:CurrentFinancialInstruments 2024-09-30 03255908 d:CurrentFinancialInstruments 2023-09-30 03255908 d:Non-currentFinancialInstruments 2024-09-30 03255908 d:Non-currentFinancialInstruments 2023-09-30 03255908 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03255908 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03255908 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 03255908 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 03255908 d:ShareCapital 2023-10-01 2024-09-30 03255908 d:ShareCapital 2024-09-30 03255908 d:ShareCapital 2022-10-01 2023-09-30 03255908 d:ShareCapital 2023-09-30 03255908 d:ShareCapital 2022-10-01 03255908 d:RevaluationReserve 2023-10-01 2024-09-30 03255908 d:RevaluationReserve 2024-09-30 03255908 d:RevaluationReserve 2022-10-01 2023-09-30 03255908 d:RevaluationReserve 2023-09-30 03255908 d:RevaluationReserve 2022-10-01 03255908 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 03255908 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 03255908 d:RetainedEarningsAccumulatedLosses 2024-09-30 03255908 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 03255908 d:RetainedEarningsAccumulatedLosses 2023-09-30 03255908 d:RetainedEarningsAccumulatedLosses 2022-10-01 03255908 c:OrdinaryShareClass1 2023-10-01 2024-09-30 03255908 c:OrdinaryShareClass1 2024-09-30 03255908 c:OrdinaryShareClass1 2023-09-30 03255908 c:OrdinaryShareClass2 2023-10-01 2024-09-30 03255908 c:OrdinaryShareClass2 2024-09-30 03255908 c:OrdinaryShareClass2 2023-09-30 03255908 c:FRS102 2023-10-01 2024-09-30 03255908 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03255908 c:FullAccounts 2023-10-01 2024-09-30 03255908 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03255908 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 03255908 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03255908 d:OtherDeferredTax 2024-09-30 03255908 d:OtherDeferredTax 2023-09-30 03255908 2 2023-10-01 2024-09-30 03255908 6 2023-10-01 2024-09-30 03255908 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03255908










Eastcourt Estates (Sussex) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Eastcourt Estates (Sussex) Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Eastcourt Estates (Sussex) Limited for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eastcourt Estates (Sussex) Limited for the year ended 30 September 2024 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Eastcourt Estates (Sussex) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Eastcourt Estates (Sussex) Limited and state those matters that we have agreed to state to the Board of directors of Eastcourt Estates (Sussex) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eastcourt Estates (Sussex) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Eastcourt Estates (Sussex) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eastcourt Estates (Sussex) Limited. You consider that Eastcourt Estates (Sussex) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Eastcourt Estates (Sussex) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
28 April 2025
Page 1

 
Eastcourt Estates (Sussex) Limited
Registered number: 03255908

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
295
967

Investments
 5 
2
2

Investment property
 6 
1,594,658
1,574,750

  
1,594,955
1,575,719

Current assets
  

Debtors: amounts falling due within one year
 7 
136,596
45,729

Cash at bank and in hand
  
171,523
318,806

  
308,119
364,535

Creditors: amounts falling due within one year
 8 
(38,563)
(39,769)

Net current assets
  
 
 
269,556
 
 
324,766

Total assets less current liabilities
  
1,864,511
1,900,485

Creditors: amounts falling due after more than one year
 9 
(171,763)
(171,744)

Provisions for liabilities
  

Deferred tax
 10 
(178,733)
(136,813)

  
 
 
(178,733)
 
 
(136,813)

Net assets
  
1,514,015
1,591,928

Page 2

 
Eastcourt Estates (Sussex) Limited
Registered number: 03255908

Balance sheet (continued)
As at 30 September 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 11 
404
404

Fair value reserve
 12 
573,890
622,736

Profit and loss account
 12 
939,721
968,788

  
1,514,015
1,591,928


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 comprehensive income 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: 




................................................
J L Harwood
Director
Date: 28 April 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
Eastcourt Estates (Sussex) Limited
 

Statement of changes in equity
For the year ended 30 September 2024


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 October 2022
404
484,589
1,130,961
1,615,954


Comprehensive income for the year

Profit for the year
-
-
49,759
49,759
Total comprehensive income for the year
-
-
49,759
49,759


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(73,785)
(73,785)

Transfer to/from profit and loss account
-
138,147
(138,147)
-


Total transactions with owners
-
138,147
(211,932)
(73,785)



At 1 October 2023
404
622,736
968,788
1,591,928


Comprehensive income for the year

Loss for the year
-
-
(4,128)
(4,128)
Total comprehensive income for the year
-
-
(4,128)
(4,128)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(73,785)
(73,785)

Transfer to/from profit and loss account
-
(48,846)
48,846
-


Total transactions with owners
-
(48,846)
(24,939)
(73,785)


At 30 September 2024
404
573,890
939,721
1,514,015


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales (Registered number: 03255908).
The address of its registered office is:
9 Donnington Park, 85 Birdham Road, Chichester, West Sussex PO20 7AJ.
The principal place of business is:
4 St Lawrence Lane, Worthing, West Sussex BN14 7JH.

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

Exemption from preparing consolidated financial statements

The Company qualifies as small as set out in section 383 of the Companies Act 2006 and is considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue represents rental income from investment property, the profit and loss on the sale of investment property and income from lease extensions and commissions.

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:

 
2.4

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.

Page 5

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant and machinery
-
3
years
Motor vehicles
-
5
years
Office equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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

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.

Page 6

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
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

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).

Page 7

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost


At 1 October 2023
383
2,500
1,844
4,727



At 30 September 2024

383
2,500
1,844
4,727



Depreciation


At 1 October 2023
43
1,917
1,800
3,760


Charge for the year on owned assets
128
500
44
672



At 30 September 2024

171
2,417
1,844
4,432



Net book value



At 30 September 2024
212
83
-
295



At 30 September 2023
340
583
44
967


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2023
2



At 30 September 2024
2




Page 8

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,574,750


Additions at cost
26,908


Disposals
(7,000)



At 30 September 2024
1,594,658

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
810,269
751,623


7.


Debtors

2024
2023
£
£


Trade debtors
51,146
3,179

Other debtors
85,450
42,550

136,596
45,729



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,093
4,201

Corporation tax
14,714
15,299

Other creditors
15,756
17,269

Accruals and deferred income
3,000
3,000

38,563
39,769


Page 9

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
171,763
171,744


The following liabilities were secured:

2024
2023
£
£



Bank loans
171,763
171,744

Details of security provided:

Security has been provided on the above loan in the form of fixed and floating charges over the assets of the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
171,763
171,744

The company has an interest only mortgage for the above amount repayable in over 5 years. The interest rate is fixed at 6.99% for the first 24 months, after which variable rate applies.


10.


Deferred taxation




2024


£






At beginning of year
(136,813)


Charged to profit or loss
(41,920)



At end of year
(178,733)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(74)
-

Tax on unrealised gains
(178,659)
(136,813)

(178,733)
(136,813)

Page 10

 
Eastcourt Estates (Sussex) Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



222 (2023 - 222) Ordinary A shares of £1.00 each
222
222
182 (2023 - 182) Ordinary shares of £1.00 each
182
182

404

404



12.


Reserves

Fair value reserve

The fair value reserve represents the cumulative effect of revaluations and deferred tax movement arising on the revaluations of freehold and leasehold investment properties which are revalued at each reporting date.

Profit and loss account

The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.


Page 11