Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-302021-05-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08123716 2021-05-01 2022-04-30 08123716 2020-05-01 2021-04-30 08123716 2022-04-30 08123716 2021-04-30 08123716 2020-05-01 08123716 1 2021-05-01 2022-04-30 08123716 1 2020-05-01 2021-04-30 08123716 5 2021-05-01 2022-04-30 08123716 d:Director1 2021-05-01 2022-04-30 08123716 e:FreeholdInvestmentProperty 2022-04-30 08123716 e:FreeholdInvestmentProperty 2021-04-30 08123716 e:FreeholdInvestmentProperty 2 2021-05-01 2022-04-30 08123716 e:CurrentFinancialInstruments 2022-04-30 08123716 e:CurrentFinancialInstruments 2021-04-30 08123716 e:CurrentFinancialInstruments e:WithinOneYear 2022-04-30 08123716 e:CurrentFinancialInstruments e:WithinOneYear 2021-04-30 08123716 e:ShareCapital 2021-05-01 2022-04-30 08123716 e:ShareCapital 2022-04-30 08123716 e:ShareCapital 2020-05-01 2021-04-30 08123716 e:ShareCapital 2021-04-30 08123716 e:ShareCapital 2020-05-01 08123716 e:CapitalRedemptionReserve 2021-05-01 2022-04-30 08123716 e:CapitalRedemptionReserve 2022-04-30 08123716 e:CapitalRedemptionReserve 1 2021-05-01 2022-04-30 08123716 e:CapitalRedemptionReserve 2020-05-01 2021-04-30 08123716 e:CapitalRedemptionReserve 2021-04-30 08123716 e:CapitalRedemptionReserve 2020-05-01 08123716 e:CapitalRedemptionReserve 1 2020-05-01 2021-04-30 08123716 e:RevaluationReserve 2021-05-01 2022-04-30 08123716 e:RevaluationReserve 2022-04-30 08123716 e:RevaluationReserve 1 2021-05-01 2022-04-30 08123716 e:RevaluationReserve 5 2021-05-01 2022-04-30 08123716 e:RevaluationReserve 2020-05-01 2021-04-30 08123716 e:RevaluationReserve 2021-04-30 08123716 e:RevaluationReserve 2020-05-01 08123716 e:RevaluationReserve 1 2020-05-01 2021-04-30 08123716 e:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 08123716 e:RetainedEarningsAccumulatedLosses 2022-04-30 08123716 e:RetainedEarningsAccumulatedLosses 2020-05-01 2021-04-30 08123716 e:RetainedEarningsAccumulatedLosses 2021-04-30 08123716 e:RetainedEarningsAccumulatedLosses 2020-05-01 08123716 d:FRS102 2021-05-01 2022-04-30 08123716 d:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 08123716 d:FullAccounts 2021-05-01 2022-04-30 08123716 d:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 08123716 5 2021-05-01 2022-04-30 08123716 6 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 08123716










SHERLOCK & NEAL HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

 
SHERLOCK & NEAL HOLDINGS LIMITED
REGISTERED NUMBER: 08123716

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
320,000
300,000

  
320,100
300,100

Current assets
  

Debtors: amounts falling due within one year
 6 
77,460
92,830

Cash at bank and in hand
  
122,513
101,423

  
199,973
194,253

Creditors: amounts falling due within one year
 7 
(8,272)
(9,353)

Net current assets
  
 
 
191,701
 
 
184,900

Total assets less current liabilities
  
511,801
485,000

Provisions for liabilities
  

Deferred tax
  
(2,694)
(2,047)

Net assets
  
 
 
509,107
 
 
482,953


Capital and reserves
  

Called up share capital 
  
101
101

Revaluation reserve
  
77,788
57,788

Capital redemption reserve
  
99
99

Profit and loss account
  
431,119
424,965

  
509,107
482,953


Page 1

 
SHERLOCK & NEAL HOLDINGS LIMITED
REGISTERED NUMBER: 08123716
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2022

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 by: 






M G Neal
Director

Date: 4 August 2022

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
SHERLOCK & NEAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2022


Called up share capital
Capital redemption reserve
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 May 2021
101
99
57,788
424,965
482,953


Comprehensive income for the year

Profit for the year
-
-
-
50,354
50,354

Deficit on revaluation of freehold property
-
-
-
(20,000)
(20,000)


Other comprehensive income for the year
-
-
-
(20,000)
(20,000)


Total comprehensive income for the year
-
-
-
30,354
30,354

Dividends: Equity capital
-
-
-
(24,200)
(24,200)

Transfer to/from profit and loss account
-
-
20,000
-
20,000

Transfer to/from profit and loss account
-
-
-
-
-


Total transactions with owners
-
-
20,000
(24,200)
(4,200)


At 30 April 2022
101
99
77,788
431,119
509,107


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
SHERLOCK & NEAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2021


Called up share capital
Capital redemption reserve
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 May 2020
101
99
57,788
409,818
467,806


Comprehensive income for the year

Profit for the year
-
-
-
31,347
31,347


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
31,347
31,347

Dividends: Equity capital
-
-
-
(16,200)
(16,200)

Transfer to/from profit and loss account
-
-
-
-
-


Total transactions with owners
-
-
-
(16,200)
(16,200)


At 30 April 2021
101
99
57,788
424,965
482,953


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
SHERLOCK & NEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

Sherlock and Neal Holdings Limited, (08123716), is a private company limited by shares and incorporated in England & Wales. 
Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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.

Page 5

 
SHERLOCK & NEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.3

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 reporting 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 Statement of financial position 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 reporting date.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Statement of financial position date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the Statement of income and retained earnings unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 6

 
SHERLOCK & NEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, excluding directors, during the year was 0 (2021 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2021
100



At 30 April 2022
100




Page 7

 
SHERLOCK & NEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2021
300,000


Surplus on revaluation
20,000



At 30 April 2022
320,000

The 2022 valuations were made by the director, on an open market value for existing use basis.





6.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
45,896
53,266

Other debtors
31,564
39,564

77,460
92,830



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
7,272
7,353

Accruals and deferred income
1,000
2,000

8,272
9,353


 
Page 8