Caseware UK (AP4) 2019.0.227 2019.0.227 2019-12-31 2019-12-31 false 2018-10-17 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The principal activity of the company during the year was sporting activities. The company incorporated on 17 October 2018 and started trading in December 2018. true true 11628947 2018-10-16 11628947 2018-10-17 2019-12-31 11628947 2019-12-31 11628947 c:Director1 2018-10-17 2019-12-31 11628947 d:Buildings 2018-10-17 2019-12-31 11628947 d:Buildings 2019-12-31 11628947 d:Buildings d:OwnedOrFreeholdAssets 2018-10-17 2019-12-31 11628947 d:PlantMachinery 2018-10-17 2019-12-31 11628947 d:PlantMachinery 2019-12-31 11628947 d:PlantMachinery d:OwnedOrFreeholdAssets 2018-10-17 2019-12-31 11628947 d:MotorVehicles 2018-10-17 2019-12-31 11628947 d:MotorVehicles 2019-12-31 11628947 d:MotorVehicles d:OwnedOrFreeholdAssets 2018-10-17 2019-12-31 11628947 d:OwnedOrFreeholdAssets 2018-10-17 2019-12-31 11628947 d:Goodwill 2019-12-31 11628947 d:CurrentFinancialInstruments 2019-12-31 11628947 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 11628947 d:ShareCapital 2019-12-31 11628947 d:SharePremium 2019-12-31 11628947 d:RetainedEarningsAccumulatedLosses 2019-12-31 11628947 c:OrdinaryShareClass1 2018-10-17 2019-12-31 11628947 c:OrdinaryShareClass1 2019-12-31 11628947 c:FRS102 2018-10-17 2019-12-31 11628947 c:AuditExempt-NoAccountantsReport 2018-10-17 2019-12-31 11628947 c:FullAccounts 2018-10-17 2019-12-31 11628947 c:PrivateLimitedCompanyLtd 2018-10-17 2019-12-31 11628947 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2018-10-17 2019-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  11628947










EAST CARNIGILL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2019

 
EAST CARNIGILL LIMITED
REGISTERED NUMBER:  11628947

BALANCE SHEET
AS AT  31 DECEMBER 2019

2019
Note
£
   

Intangible assets
 4 
29,575

Tangible assets
 5 
3,987,203

   
4,016,778

Current assets
   

Debtors: amounts falling due within one year
 6 
52,098

Cash at bank and in hand
   
48,861

   
100,959

Creditors: amounts falling due within one year
 7 
(400,147 )

Net current liabilities
   
 
 
(299,188 )

   

Net assets
   
3,717,590

Capital and reserves
   

Called up share capital 
   
1,000,000

Share premium account
   
2,721,363

Profit and loss account
   
(3,773 )

   
3,717,590


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 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  27 April 2020 .

Viscount M W Ridley
Director

Page 1

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2019

General information

East Carnigill Limited is a private company (no: 11628947) limited by shares incorporated in England and Wales. The registered office is Blagdon Estate Office, Seaton Burn, Newcastle upon Tyne, NE13 6DE.

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 following principal accounting policies have been applied:

2.2

Going concern

During the year, the company incurred a loss and at 31 December 2019 it had net liabilities of £299,188. The director has agreed to provide financial support to the company to enable it to continue in existence for a period of no less than 12 months from the date of signing these financial statements. As such the financial statements have been prepared on a going concern basis. 

2.3

Reporting period

The reporting period for the company is from the date of incorporation, 17 October 2018 to 31 December 2019.

2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Page 2

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2019

2. Accounting policies (continued)

2.7

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:

Freehold property
-
Not depreciated
Plant and machinery
-
15% reducing balance
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 the Statement of comprehensive income.

2.8

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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The average monthly number of employees, including directors, during the period was  5 .

Page 3

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2019



£



Cost


Additions
29,575



At 31 December 2019

29,575






Net book value



At 31 December 2019
29,575





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


Additions
3,867,834
21,074
123,650
4,012,558



At 31 December 2019

3,867,834
21,074
123,650
4,012,558



Depreciation


Charge for the period on owned assets
-
2,622
22,733
25,355



At 31 December 2019

-
2,622
22,733
25,355



Net book value



At 31 December 2019
3,867,834
18,452
100,917
3,987,203

Page 4

 
EAST CARNIGILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2019
2019
£


Other debtors
11,608

Prepayments and accrued income
40,490

52,098


2019
£

Trade creditors
5,161

Other creditors
390,745

Accruals and deferred income
4,241

400,147


Included within other creditors, is a balance of £390,745 due to the directors. This loan is interest free and repayable on demand.

2019
£
Allotted, called up and fully paid


1,000,000

On 17 October 2018 1,000,000 ordinary shares with a nominal value of £1.00 each were issued at a price of £1.00 per share. 

Included within other creditors, is a balance of £390,745 due to the directors. This loan is interest free and repayable on demand.

 
Page 5