ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07908563 2022-02-01 2023-01-31 07908563 2021-02-01 2022-01-31 07908563 2023-01-31 07908563 2022-01-31 07908563 c:Director1 2022-02-01 2023-01-31 07908563 d:Buildings 2022-02-01 2023-01-31 07908563 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 07908563 d:Buildings d:LongLeaseholdAssets 2023-01-31 07908563 d:Buildings d:LongLeaseholdAssets 2022-01-31 07908563 d:CurrentFinancialInstruments 2023-01-31 07908563 d:CurrentFinancialInstruments 2022-01-31 07908563 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07908563 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07908563 d:ShareCapital 2023-01-31 07908563 d:ShareCapital 2022-01-31 07908563 d:RetainedEarningsAccumulatedLosses 2023-01-31 07908563 d:RetainedEarningsAccumulatedLosses 2022-01-31 07908563 c:FRS102 2022-02-01 2023-01-31 07908563 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07908563 c:FullAccounts 2022-02-01 2023-01-31 07908563 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07908563 4 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 07908563

EASNEYE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

EASNEYE LIMITED

REGISTERED NUMBER: 07908563

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		249,102		255,293
			249,102		255,293
Current assets
Debtors: amounts falling due within one year	5	959		-
Cash at bank and in hand		8,309		9,456
		9,268		9,456
Creditors: amounts falling due within one year	6	(156,170)		(183,895)
Net current liabilities			(146,902)		(174,439)
Total assets less current liabilities			102,200		80,854

Net assets			102,200		80,854

Capital and reserves
Called up share capital	100	100
Profit and loss account	102,100	80,754
	102,200	80,854

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EASNEYE LIMITED

REGISTERED NUMBER: 07908563

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2023

The director considers 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 director acknowledges his 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 7 April 2023.

M J Bradly Russell

Director

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

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EASNEYE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

1.Accounting policies

1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

1.2

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.

1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

1.4

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.

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EASNEYE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

1.Accounting policies (continued)

1.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

1.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

1.7

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, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-	2%	Straight-line
				L/Term Leasehold Property	-	2%	Straight-line

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.

1.8

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.

1.9

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.

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EASNEYE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

1.Accounting policies (continued)

1.10

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.

1.11

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.

2.	General information

Easneye Limited is a private company, limited by shares and registered in England.
Its registered number is: 07908563
Its Registered Office is:
The Folly
Great Wymondley
Hitchin
Hertfordshire
SG4 7ET

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

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EASNEYE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

4.	Tangible fixed assets

		L/Term Leasehold Property
		£
	Cost or valuation
	At 1 February 2022	309,526
	At 31 January 2023	309,526
	Depreciation
	At 1 February 2022	54,233
	Charge for the year on owned assets	6,191
	At 31 January 2023	60,424
	Net book value
	At 31 January 2023	249,102
	At 31 January 2022	255,293

Debtors

					2023	2022
					£	£


Other debtors	959	-
	959	-

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EASNEYE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Payments received on account	922	-
Trade creditors	500	8,610
Corporation tax	6,459	10,642
Other taxation and social security	-	2,347
Other creditors	147,050	153,596
Accruals and deferred income	1,239	8,700
	156,170	183,895

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