ACCOUNTS - Final Accounts

ESTATE MASTER UK LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true4falseSoftware development2022-01-01true3 08891597 2022-01-01 2022-12-31 08891597 2021-01-01 2021-12-31 08891597 2022-12-31 08891597 2021-12-31 08891597 c:Director4 2022-01-01 2022-12-31 08891597 d:CurrentFinancialInstruments 2022-12-31 08891597 d:CurrentFinancialInstruments 2021-12-31 08891597 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08891597 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08891597 d:ShareCapital 2022-12-31 08891597 d:ShareCapital 2021-12-31 08891597 d:RetainedEarningsAccumulatedLosses 2022-12-31 08891597 d:RetainedEarningsAccumulatedLosses 2021-12-31 08891597 c:OrdinaryShareClass1 2022-01-01 2022-12-31 08891597 c:OrdinaryShareClass1 2022-12-31 08891597 c:OrdinaryShareClass1 2021-12-31 08891597 c:FRS102 2022-01-01 2022-12-31 08891597 c:Audited 2022-01-01 2022-12-31 08891597 c:FullAccounts 2022-01-01 2022-12-31 08891597 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08891597 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08891597

ESTATE MASTER UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


ESTATE MASTER UK LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


ESTATE MASTER UK LIMITED REGISTERED NUMBER:08891597

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

	2022	2021
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	75,677	64,090
Cash at bank and in hand		62,313	32,495
		137,990	96,585
Current liabilities
Creditors: amounts falling due within one year	5	(26,155)	(10,069)

Net assets		111,835	86,516

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		111,834	86,515
		111,835	86,516

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 30 June 2023.

A Probyn

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Estate Master UK Limited is a private limited liability company incorporated in England and Wales, with its registered office at 180 Great Portland Street, London, W1W 5QZP.
The principal activity of the Company is that of a dedicated software house that has developed advanced systems for the real estate sector.

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

Turnover

Turnover 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 value added tax.
Revenue for support service is recognised evenly over the period of the contract.
Revenue for subscription income is recognised dependant on the nature of the subscription. Right of use subscriptions, where a license is transferred to the customer for the length of the contract are recognised 50% at the point of supply, and the remainder recognised evenly over the period of the contract. Right of access subscriptions, where the Company retains control of the license are recognised evenly over the period of the contract.
Revenue received in advance of future services is carried forward as deferred income.

2.3

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand with financial institutions.

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from and to related parties.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.7

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is £ sterling.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the applicable monthly average exchange rates published by HMRC.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.8

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.

3.	Employees
	The Company had no employees during the current and preceding year.

Page 3


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Debtors

					2022	2021
					£	£


Trade debtors	13,874	1,931
Amounts owed by group undertakings	61,803	61,655
Other debtors	-	504
	75,677	64,090

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Amounts owed to group undertakings	6,958	3,705
Taxation and social security	1,410	-
Other creditors	-	2,233
Accruals and deferred income	17,787	4,131
	26,155	10,069

6.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

1 (2021 - 1) Ordinary share of £1	1	1

7.	Related party transactions
	The Company has taken advantage of the exemption under FRS 102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

8.	Controlling party

The Company is a wholly owned subsidiary of Estate Master Group Holdings Pty Limited, a company incorporated in Australia. The directors regard Altus Group Limited, a company incorporated in Toronto, Ontario, Canada as the ultimate parent undertaking. Group accounts are available from the Altus Group website at www.altusgroup.com.

Page 4


ESTATE MASTER UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 30 June 2023 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 5