Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activity2024-01-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02140824 2024-01-01 2024-12-31 02140824 2023-01-01 2023-12-31 02140824 2024-12-31 02140824 2023-12-31 02140824 c:Director1 2024-01-01 2024-12-31 02140824 d:MotorVehicles 2024-01-01 2024-12-31 02140824 d:MotorVehicles 2024-12-31 02140824 d:MotorVehicles 2023-12-31 02140824 d:CurrentFinancialInstruments 2024-12-31 02140824 d:CurrentFinancialInstruments 2023-12-31 02140824 d:Non-currentFinancialInstruments 2024-12-31 02140824 d:Non-currentFinancialInstruments 2023-12-31 02140824 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02140824 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02140824 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 02140824 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02140824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 02140824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 02140824 d:ShareCapital 2024-12-31 02140824 d:ShareCapital 2023-12-31 02140824 d:RevaluationReserve 2024-01-01 2024-12-31 02140824 d:RevaluationReserve 2024-12-31 02140824 d:RevaluationReserve 2023-12-31 02140824 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02140824 d:RetainedEarningsAccumulatedLosses 2024-12-31 02140824 d:RetainedEarningsAccumulatedLosses 2023-12-31 02140824 c:FRS102 2024-01-01 2024-12-31 02140824 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02140824 c:FullAccounts 2024-01-01 2024-12-31 02140824 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02140824 5 2024-01-01 2024-12-31 02140824 6 2024-01-01 2024-12-31 02140824 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02140824










SIRCH DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SIRCH DEVELOPMENTS LIMITED
REGISTERED NUMBER: 02140824

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
275,000
275,000

  
275,000
275,000

Current assets
  

Debtors: amounts falling due within one year
 6 
181,768
182,507

Cash at bank and in hand
 7 
8,900
11,299

  
190,668
193,806

Creditors: amounts falling due within one year
 8 
(46,002)
(45,021)

Net current assets
  
 
 
144,666
 
 
148,785

Total assets less current liabilities
  
419,666
423,785

Creditors: amounts falling due after more than one year
 9 
(2,128)
(5,758)

  

Net assets
  
417,538
418,027


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Revaluation reserve
 11 
142,948
142,948

Profit and loss account
 11 
273,590
274,079

  
417,538
418,027


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 on 21 August 2025.


Page 1

 
SIRCH DEVELOPMENTS LIMITED
REGISTERED NUMBER: 02140824
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024



................................................
Mr C J Allen
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SIRCH DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 02140824). The address of the registered office is 26a New Lane, Aughton, Ormskirk, Lancashire, L39 4UD.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company is that of property development.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SIRCH DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance

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.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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 reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

Page 4

 
SIRCH DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees




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

Page 5

 
SIRCH DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 January 2024
16,040



At 31 December 2024

16,040



Depreciation


At 1 January 2024
16,040



At 31 December 2024

16,040



Net book value



At 31 December 2024
-



At 31 December 2023
-

Page 6

 
SIRCH DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2024
275,000



At 31 December 2024
275,000





6.


Debtors

2024
2023
£
£


Other debtors
181,768
182,507

181,768
182,507



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,900
11,299

Less: bank overdrafts
(7,046)
(6,841)

1,854
4,458



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
7,046
6,841

Bank loans
3,630
3,539

Other taxation and social security
884
1,001

Other creditors
804
-

Accruals and deferred income
33,638
33,640

46,002
45,021


Page 7

 
SIRCH DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,128
5,758

2,128
5,758



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,630
3,539


Amounts falling due 2-5 years

Bank loans
2,128
5,758


5,758
9,297



11.


Reserves

Revaluation reserve

Relates to the revaluation of the freehold investment property in prior periods.

Profit & loss account

Retained earnings includes all current and prior period retained profits and losses less dividends paid.


12.


Controlling party

The company is under the control of its directors.

 
Page 8