ACCOUNTS - Final Accounts


Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04094757 2022-01-01 2022-12-31 04094757 2021-01-01 2021-12-31 04094757 2022-12-31 04094757 2021-12-31 04094757 2021-01-01 04094757 c:Director1 2022-01-01 2022-12-31 04094757 d:Buildings 2022-12-31 04094757 d:Buildings 2021-12-31 04094757 d:CurrentFinancialInstruments 2022-12-31 04094757 d:CurrentFinancialInstruments 2021-12-31 04094757 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04094757 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04094757 d:ShareCapital 2022-12-31 04094757 d:ShareCapital 2021-12-31 04094757 d:RetainedEarningsAccumulatedLosses 2022-12-31 04094757 d:RetainedEarningsAccumulatedLosses 2021-12-31 04094757 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 04094757 d:TaxLossesCarry-forwardsDeferredTax 2021-12-31 04094757 c:OrdinaryShareClass1 2022-01-01 2022-12-31 04094757 c:OrdinaryShareClass1 2022-12-31 04094757 c:OrdinaryShareClass1 2021-12-31 04094757 c:OrdinaryShareClass2 2022-01-01 2022-12-31 04094757 c:OrdinaryShareClass2 2022-12-31 04094757 c:OrdinaryShareClass2 2021-12-31 04094757 c:FRS102 2022-01-01 2022-12-31 04094757 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04094757 c:FullAccounts 2022-01-01 2022-12-31 04094757 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04094757









ST MARY LE PARK FREEHOLD LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ST MARY LE PARK FREEHOLD LIMITED
REGISTERED NUMBER: 04094757

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,833
25,833

  
25,833
25,833

Current assets
  

Stocks
 5 
138,264
138,264

Debtors: amounts falling due within one year
 6 
110,285
5,889

Cash at bank and in hand
  
-
103,172

  
248,549
247,325

Creditors: amounts falling due within one year
 7 
(53,715)
(46,415)

Net current assets
  
 
 
194,834
 
 
200,910

Total assets less current liabilities
  
220,667
226,743

  

Net assets
  
220,667
226,743


Capital and reserves
  

Called up share capital 
 9 
38
38

Profit and loss account
  
220,629
226,705

  
220,667
226,743


Page 1

 
ST MARY LE PARK FREEHOLD LIMITED
REGISTERED NUMBER: 04094757

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 13 September 2023.




Mr Simon Divisi
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ST MARY LE PARK FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

St Mary Le Park Freehold Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Causeway House, 1 Dane Street, Bishop's Stortford, Hertfordshire, CM23 3BT. The Company is not part of the group.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Tangible fixed asset and depreciation

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.
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
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 the Statement of Income and Retained Earnings

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 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 the Statement of Income and Retained Earnings.

 
2.4

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 3

 
ST MARY LE PARK FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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.



Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.

 
2.6

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 4

 
ST MARY LE PARK FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

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 (2021 - 4).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2022
25,833



At 31 December 2022

25,833






Net book value



At 31 December 2022
25,833



At 31 December 2021
25,833

Page 5

 
ST MARY LE PARK FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Stocks

2022
2021
£
£

Work in progress
138,264
138,264

138,264
138,264



6.


Debtors

2022
2021
£
£


Trade debtors
682
682

Other debtors
106,280
4,211

Prepayments and accrued income
281
281

Deferred taxation
3,042
715

110,285
5,889



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
450
450

Other creditors
49,725
42,905

Accruals and deferred income
3,540
3,060

53,715
46,415


Page 6

 
ST MARY LE PARK FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Deferred taxation




2022
2021


£

£






At beginning of year
715
-


Charged to profit or loss
2,327
715



At end of year
3,042
715

The deferred tax asset is made up as follows:

2022
2021
£
£


Tax losses carried forward
3,042
715

3,042
715


9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



36 (2021 - 36) Ordinary shares of £1.00 each
36
36
2 (2021 - 2) Ordinary A shares of £1.00 each
2
2

38

38



10.


Related party transactions

During the year the Company had loans of £4,638 brought forward from directors of St Mary Le Park Freehold Limited. 
The amount due to directors at the year end was £4,638 (2021 - £4,638).


Page 7