Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-222023-09-01false41202 - Construction of domestic buildings22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08499480 2023-09-01 2024-08-31 08499480 2022-09-01 2023-08-31 08499480 2024-08-31 08499480 2023-08-31 08499480 c:Director2 2023-09-01 2024-08-31 08499480 d:CurrentFinancialInstruments 2024-08-31 08499480 d:CurrentFinancialInstruments 2023-08-31 08499480 d:Non-currentFinancialInstruments 2024-08-31 08499480 d:Non-currentFinancialInstruments 2023-08-31 08499480 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08499480 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08499480 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08499480 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08499480 d:ShareCapital 2024-08-31 08499480 d:ShareCapital 2023-08-31 08499480 d:RetainedEarningsAccumulatedLosses 2024-08-31 08499480 d:RetainedEarningsAccumulatedLosses 2023-08-31 08499480 c:FRS102 2023-09-01 2024-08-31 08499480 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08499480 c:FullAccounts 2023-09-01 2024-08-31 08499480 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08499480 2 2023-09-01 2024-08-31 08499480 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 08499480









AUDLEY HOMES (FRINTON MANOR) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
AUDLEY HOMES (FRINTON MANOR) LIMITED
REGISTERED NUMBER: 08499480

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,992
28,494

Cash at bank and in hand
 5 
48
65

  
17,040
28,559

Creditors: amounts falling due within one year
 6 
(154,550)
(140,413)

Net current liabilities
  
 
 
(137,510)
 
 
(111,854)

Total assets less current liabilities
  
(137,510)
(111,854)

Creditors: amounts falling due after more than one year
 7 
(17,822)
(27,738)

  

Net liabilities
  
(155,332)
(139,592)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(155,432)
(139,692)

  
(155,332)
(139,592)


Page 1

 
AUDLEY HOMES (FRINTON MANOR) LIMITED
REGISTERED NUMBER: 08499480
    
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 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 on 22 May 2025.


P J Smith
Director

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

Page 2

 
AUDLEY HOMES (FRINTON MANOR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Audley Homes (Frinton Manor) Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 08499480. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL. 

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

At the year end the company has net liabilities totalling £155,332. The financial statements have been prepared on the going concern basis as the directors have considered the company's next 12 months requirements and has the financial support of entities with common shareholders. The directors are comfortable in the knowledge that these entities will continue to provide support. It has been agreed that any balances of entities with common shareholders will not be drawn upon at this time.

 
2.3

Interest income

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

 
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

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.

 
2.6

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.

 
2.7

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 3

 
AUDLEY HOMES (FRINTON MANOR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

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

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.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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
Page 4

 
AUDLEY HOMES (FRINTON MANOR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
16,992
-

Other debtors
-
28,494

16,992
28,494



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
48
65

48
65


Page 5

 
AUDLEY HOMES (FRINTON MANOR) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,783
10,783

Amounts owed to group undertakings
141,427
127,930

Other taxation and social security
640
-

Accruals and deferred income
1,700
1,700

154,550
140,413



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,822
27,738

17,822
27,738



8.


Related party transactions

At the year end, the following amount were due from/(to) the related parties:


2024
2023
£
£

Related parties
(141,425)
(127,931)
(141,425)
(127,931)


9.


Controlling party

The ultimate parent company is Taylor Mormont Limited, a company incorporated in England & Wales.
The ultimate controlling party is The Smith Family.

Page 6