Caseware UK (AP4) 2021.0.152 2021.0.152 2021-07-312021-07-312020-08-01falseNo description of principal activity45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00841622 2020-08-01 2021-07-31 00841622 2019-08-01 2020-07-31 00841622 2021-07-31 00841622 2020-07-31 00841622 c:Director1 2020-08-01 2021-07-31 00841622 d:PlantMachinery 2020-08-01 2021-07-31 00841622 d:PlantMachinery 2021-07-31 00841622 d:PlantMachinery 2020-07-31 00841622 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-08-01 2021-07-31 00841622 d:FreeholdInvestmentProperty 2020-08-01 2021-07-31 00841622 d:FreeholdInvestmentProperty 2021-07-31 00841622 d:FreeholdInvestmentProperty 2020-07-31 00841622 d:CurrentFinancialInstruments 2021-07-31 00841622 d:CurrentFinancialInstruments 2020-07-31 00841622 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 00841622 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 00841622 d:UKTax 2020-08-01 2021-07-31 00841622 d:UKTax 2019-08-01 2020-07-31 00841622 d:ShareCapital 2021-07-31 00841622 d:ShareCapital 2020-07-31 00841622 d:OtherMiscellaneousReserve 2021-07-31 00841622 d:OtherMiscellaneousReserve 2020-07-31 00841622 d:RetainedEarningsAccumulatedLosses 2021-07-31 00841622 d:RetainedEarningsAccumulatedLosses 2020-07-31 00841622 c:FRS102 2020-08-01 2021-07-31 00841622 c:Audited 2020-08-01 2021-07-31 00841622 c:FullAccounts 2020-08-01 2021-07-31 00841622 c:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31 00841622 c:SmallCompaniesRegimeForAccounts 2020-08-01 2021-07-31 00841622 2 2020-08-01 2021-07-31 iso4217:GBP xbrli:pure

Registered number: 00841622










R.H.F. POTTER & SONS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2021

 
R.H.F. POTTER & SONS LIMITED
REGISTERED NUMBER: 00841622

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 6 
3,928
4,364

Investment property
 7 
378,696
347,046

  
382,624
351,410

Current assets
  

Debtors: amounts falling due within one year
 8 
95,471
27,450

Bank and cash balances
  
2,904,644
2,682,828

  
3,000,115
2,710,278

Creditors: amounts falling due within one year
 9 
(2,817,158)
(2,356,551)

Net current assets
  
 
 
182,957
 
 
353,727

Total assets less current liabilities
  
565,581
705,137

  

Net assets
  
565,581
705,137


Capital and reserves
  

Called up share capital 
  
6,000
6,000

Other reserves
  
358
358

Profit and loss account
  
559,223
698,779

  
565,581
705,137


Page 1

 
R.H.F. POTTER & SONS LIMITED
REGISTERED NUMBER: 00841622
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2021

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 by: 






R R Potter OBE
Director

Date: 12 August 2022

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

1.


General information

R.H.F. Potter & Sons Limited (00841622) is a private company limited by shares and incorporated in England & Wales. Its registered office is Grove Farm, Grove Park Farm, Mytchett Road, Mytchett, Camberley, Surrey, GU16 6AG.

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

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

Page 3

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

2.Accounting policies (continued)

 
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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
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:

Plant and machinery
-
10%
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 profit or loss.

 
2.8

Investment property

Investment properties are carried at fair value as determined annually by the director and adjusted for write downs as deemed necessary. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

Page 4

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Auditors' remuneration


The Company has taken advantage of the exemption not to disclose amounts paid for non audit services as these are disclosed in the group accounts of the parent Company.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 5).


5.


Taxation


2021
2020
£
£

Corporation tax


Adjustments in respect of previous periods
(31,519)
(35,099)


Total current tax
(31,519)
(35,099)


Taxation on loss on ordinary activities
(31,519)
(35,099)
Page 5

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
 
5.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2020 - lower than) the standard rate of corporation tax in the UK of 19% (2020 - 19%). The differences are explained below:

2021
2020
£
£


Loss on ordinary activities before tax
(171,075)
(119,883)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2020 - 19%)
(32,504)
(22,778)

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
902
243

Capital allowances for year in excess of depreciation
83
51

Losses used
31,519
28,430

Non-taxable income
-
(6,663)

Capital gains
-
835

Other differences leading to an increase (decrease) in the tax charge
-
(118)

Prior period tax
(31,519)
(35,099)

Total tax charge for the year
(31,519)
(35,099)

Page 6

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

6.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 August 2020
21,905



At 31 July 2021

21,905



Depreciation


At 1 August 2020
17,541


Charge for the year on owned assets
436



At 31 July 2021

17,977



Net book value



At 31 July 2021
3,928



At 31 July 2020
4,364

Page 7

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

7.


Investment property


Freehold investment property

£



Valuation


At 1 August 2020
347,046


Additions at cost
32,150


Disposals
(500)



At 31 July 2021
378,696

The 2021 valuations were made by the director, on an open market value for existing use basis.








8.


Debtors

2021
2020
£
£


Trade debtors
11,738
22,834

Other debtors
59,762
844

Prepayments and accrued income
23,971
3,772

95,471
27,450



9.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
66,554
54,930

Amounts owed to group undertakings
2,696,903
2,232,812

Corporation tax
-
22,302

Accruals and deferred income
53,701
46,507

2,817,158
2,356,551


Page 8

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

10.


Controlling party

The ultimate parent company is Bob Potter Leisure Limited, a company incorporated in England & Wales. The ultimate controlling party is Mr R R Potter OBE.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2021 was unqualified.

The audit report was signed on 15 August 2022 by Stephen Morgan BSc (Econ) FCA (Senior statutory auditor) on behalf of Wise & Co.

 
Page 9