Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false2024-02-01No description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12736340 2024-02-01 2025-03-31 12736340 2023-02-01 2024-01-31 12736340 2025-03-31 12736340 2024-01-31 12736340 c:Director2 2024-02-01 2025-03-31 12736340 d:CurrentFinancialInstruments 2025-03-31 12736340 d:CurrentFinancialInstruments 2024-01-31 12736340 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12736340 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12736340 d:ShareCapital 2025-03-31 12736340 d:ShareCapital 2024-01-31 12736340 d:RetainedEarningsAccumulatedLosses 2025-03-31 12736340 d:RetainedEarningsAccumulatedLosses 2024-01-31 12736340 c:FRS102 2024-02-01 2025-03-31 12736340 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-03-31 12736340 c:FullAccounts 2024-02-01 2025-03-31 12736340 c:PrivateLimitedCompanyLtd 2024-02-01 2025-03-31 12736340 e:PoundSterling 2024-02-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 12736340









KARM FIELD VIEW LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
KARM FIELD VIEW LTD
REGISTERED NUMBER: 12736340

BALANCE SHEET
AS AT 31 MARCH 2025

31 March
31 January
2025
2024
Note
£
£

  

Current assets
  

Stocks
 4 
-
513,081

Debtors: amounts falling due within one year
 5 
41
7,811

Cash at bank and in hand
 6 
11,573
5,675

  
11,614
526,567

Creditors: amounts falling due within one year
 7 
(15,769)
(589,522)

Net current liabilities
  
 
 
(4,155)
 
 
(62,955)

Total assets less current liabilities
  
(4,155)
(62,955)

  

Net liabilities
  
(4,155)
(62,955)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(4,156)
(62,956)

  
(4,155)
(62,955)


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 period 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 profit and loss account 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 June 2025.




M Keenes
Page 1

 
KARM FIELD VIEW LTD
REGISTERED NUMBER: 12736340
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KARM FIELD VIEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Karm Field View LTD is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 12736340. The address of the registered office is 8 Longaford Way, Brentwood, Essex, United Kingdom, CM13 2LT.The principal activity is that of buying and selling of own 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

Going concern

The directors have made the decision to wind down the Company post year end. As a result they do not consider the Company to be a going concern and therefore accounts have been prepared on a break up basis.

 
2.3

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. 
Sale of Properties
Revenue is recognised on completion of the property sale.

 
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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 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 3

 
KARM FIELD VIEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.
Page 4

 
KARM FIELD VIEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Financial instruments (continued)


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.

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.

Page 5

 
KARM FIELD VIEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 3).


4.


Stocks

31 March
31 January
2025
2024
£
£

Work in progress
-
513,081

-
513,081



5.


Debtors

31 March
31 January
2025
2024
£
£


Amounts owed by group undertakings
-
7,774

Called up share capital not paid
1
1

Prepayments and accrued income
40
36

41
7,811



6.


Cash and cash equivalents

31 March
31 January
2025
2024
£
£

Cash at bank and in hand
11,573
5,675

11,573
5,675


Page 6

 
KARM FIELD VIEW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

31 March
31 January
2025
2024
£
£

Trade creditors
40
36

Other creditors
12,226
587,986

Accruals and deferred income
3,503
1,500

15,769
589,522



8.


Controlling party

Karm Group Holdings Limited is the ultimate parent company.

 
Page 7