Caseware UK (AP4) 2024.0.164 2024.0.164 false42023-12-01No description of principal activity4falsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12336988 2023-12-01 2024-11-30 12336988 2022-12-01 2023-11-30 12336988 2024-11-30 12336988 2023-11-30 12336988 c:Director2 2023-12-01 2024-11-30 12336988 d:FreeholdInvestmentProperty 2023-12-01 2024-11-30 12336988 d:FreeholdInvestmentProperty 2024-11-30 12336988 d:FreeholdInvestmentProperty 2023-11-30 12336988 d:CurrentFinancialInstruments 2024-11-30 12336988 d:CurrentFinancialInstruments 2023-11-30 12336988 d:Non-currentFinancialInstruments 2024-11-30 12336988 d:Non-currentFinancialInstruments 2023-11-30 12336988 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 12336988 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12336988 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 12336988 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 12336988 d:ShareCapital 2024-11-30 12336988 d:ShareCapital 2023-11-30 12336988 d:RetainedEarningsAccumulatedLosses 2024-11-30 12336988 d:RetainedEarningsAccumulatedLosses 2023-11-30 12336988 c:FRS102 2023-12-01 2024-11-30 12336988 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12336988 c:FullAccounts 2023-12-01 2024-11-30 12336988 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12336988 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Company registration number: 12336988











SOUTH LAWNS FREEHOLD COMPANY LTD
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 November 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
SOUTH LAWNS FREEHOLD COMPANY LTD
Registered number:12336988

Statement of Financial Position
As at 30 November 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
172,928
454,973

  
172,928
454,973

Current assets
  

Cash at bank and in hand
 5 
3,178
16,593

  
3,178
16,593

Creditors: amounts falling due within one year
 6 
(1,363)
(2,388)

Net current assets
  
 
 
1,815
 
 
14,205

Total assets less current liabilities
  
174,743
469,178

Creditors: amounts falling due after more than one year
  
(188,079)
(495,638)

  

Net liabilities
  
(13,336)
(26,460)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(13,436)
(26,560)

  
(13,336)
(26,460)


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 26 August 2025.



Page 1

 
SOUTH LAWNS FREEHOLD COMPANY LTD
Registered number:12336988
    
Statement of Financial Position (continued)
As at 30 November 2024


___________________________
Michael Carmedy
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SOUTH LAWNS FREEHOLD COMPANY LTD
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD, United Kingdom.

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

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

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.4

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.

Page 3

 
SOUTH LAWNS FREEHOLD COMPANY LTD
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2024

2.Accounting policies (continued)

 
2.5

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.


3.


Employees




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


4.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
454,973


Disposals
(282,045)



At 30 November 2024
172,928

Owing to the nature of the freehold and proximity to the transaction, there has been no material change.



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
172,928
454,973

172,928
454,973


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,178
16,593

3,178
16,593


Page 4

 
SOUTH LAWNS FREEHOLD COMPANY LTD
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
1,363
2,388

1,363
2,388



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
188,079
495,638

188,079
495,638



8.


Prior year adjustment

During 2023 the recognition of the freehold property was assigned to tangible fixed assets. This has been amended to investment property, this better reflects the class of asset for 2023 and future years. There has been no impact on net assets.
A reclassifcation of disposal of investment property has been made within the Statement of Comprehensive Income to remove the proceeds and disposal from gross profit. This has been ammended to investment income.

 
Page 5