Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01falseNo description of principal activity2falsetrue 04310433 2021-01-01 2021-12-31 04310433 2020-01-01 2020-12-31 04310433 2021-12-31 04310433 2020-12-31 04310433 2020-01-01 04310433 5 2021-01-01 2021-12-31 04310433 d:Director1 2021-01-01 2021-12-31 04310433 e:Buildings e:LongLeaseholdAssets 2021-01-01 2021-12-31 04310433 e:PlantMachinery 2021-01-01 2021-12-31 04310433 e:PlantMachinery 2021-12-31 04310433 e:PlantMachinery 2020-12-31 04310433 e:PlantMachinery e:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04310433 e:FurnitureFittings 2021-01-01 2021-12-31 04310433 e:FurnitureFittings 2021-12-31 04310433 e:FurnitureFittings 2020-12-31 04310433 e:FurnitureFittings e:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04310433 e:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04310433 e:FreeholdInvestmentProperty 2021-12-31 04310433 e:FreeholdInvestmentProperty 2020-12-31 04310433 e:FreeholdInvestmentProperty 2 2021-01-01 2021-12-31 04310433 e:CurrentFinancialInstruments 2021-12-31 04310433 e:CurrentFinancialInstruments 2020-12-31 04310433 e:Non-currentFinancialInstruments 2021-12-31 04310433 e:Non-currentFinancialInstruments 2020-12-31 04310433 e:CurrentFinancialInstruments e:WithinOneYear 2021-12-31 04310433 e:CurrentFinancialInstruments e:WithinOneYear 2020-12-31 04310433 e:Non-currentFinancialInstruments e:AfterOneYear 2021-12-31 04310433 e:Non-currentFinancialInstruments e:AfterOneYear 2020-12-31 04310433 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2021-12-31 04310433 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2020-12-31 04310433 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2021-12-31 04310433 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2020-12-31 04310433 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2021-12-31 04310433 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2020-12-31 04310433 e:ShareCapital 2021-12-31 04310433 e:ShareCapital 2020-12-31 04310433 e:ShareCapital 2020-01-01 04310433 e:SharePremium 2021-12-31 04310433 e:SharePremium 2020-12-31 04310433 e:SharePremium 2020-01-01 04310433 e:RevaluationReserve 2021-12-31 04310433 e:RevaluationReserve 5 2021-01-01 2021-12-31 04310433 e:RevaluationReserve 2020-12-31 04310433 e:RevaluationReserve 2020-01-01 04310433 e:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 04310433 e:RetainedEarningsAccumulatedLosses 2021-12-31 04310433 e:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 04310433 e:RetainedEarningsAccumulatedLosses 2020-12-31 04310433 e:RetainedEarningsAccumulatedLosses 2020-01-01 04310433 d:OrdinaryShareClass1 2021-01-01 2021-12-31 04310433 d:OrdinaryShareClass1 2021-12-31 04310433 d:OrdinaryShareClass1 2020-12-31 04310433 d:FRS102 2021-01-01 2021-12-31 04310433 d:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 04310433 d:FullAccounts 2021-01-01 2021-12-31 04310433 d:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04310433 2 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  04310433














A J BEER & COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


 
A J BEER & COMPANY LIMITED
REGISTERED NUMBER: 04310433

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
139
186

Investment property
 5 
9,332,737
3,332,737

  
9,332,876
3,332,923

Current assets
  

Cash at bank and in hand
 6 
374,307
391,671

  
374,307
391,671

Creditors: amounts falling due within one year
 7 
(126,619)
(139,466)

Net current assets
  
 
 
247,688
 
 
252,205

Total assets less current liabilities
  
9,580,564
3,585,128

Creditors: amounts falling due after more than one year
 8 
(820,815)
(914,520)

Provisions for liabilities
  

Deferred tax
  
(1,246,100)
(80,600)

  
 
 
(1,246,100)
 
 
(80,600)

Net assets
  
7,513,649
2,590,008


Capital and reserves
  

Called up share capital 
 10 
7,816
7,816

Share premium account
 11 
817,649
817,649

Revaluation reserve
 11 
6,375,605
1,515,605

Profit and loss account
 11 
312,579
248,938

  
7,513,649
2,590,008


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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
A J BEER & COMPANY LIMITED
REGISTERED NUMBER: 04310433
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 1 September 2022.




M J T Beer
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
A J BEER & COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2021
7,816
817,649
1,515,605
248,938
2,590,008



Profit for the year
-
-
-
63,641
63,641

Surplus on revaluation of freehold property
-
-
4,860,000
-
4,860,000


At 31 December 2021
7,816
817,649
6,375,605
312,579
7,513,649


The notes on pages 4 to 10 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2020


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2020
7,816
817,649
1,515,605
191,897
2,532,967



Profit for the year
-
-
-
57,041
57,041


At 31 December 2020
7,816
817,649
1,515,605
248,938
2,590,008


The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

A J Beer & Company Limited is a private limited company, limited by shares, incorporated in England and Wales.  Its registered office is Windrush, 15 Links Hey Road, Caldy, Wirral, CH48 1NA.  The company number is 04310433.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

 
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
-
2% straight line
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
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 profit or loss.

Page 5

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
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

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

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.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2021
        2020
            No.
            No.







Directors
2
2

Page 6

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2021
30,363
5,119
35,482



At 31 December 2021

30,363
5,119
35,482



Depreciation


At 1 January 2021
30,204
5,092
35,296


Charge for the year on owned assets
40
7
47



At 31 December 2021

30,244
5,099
35,343



Net book value



At 31 December 2021
119
20
139



At 31 December 2020
159
27
186

Page 7

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2021
3,332,737


Surplus on revaluation
6,000,000



At 31 December 2021
9,332,737

The investment properties were valued at £3,332,737 on 24 February 2011 by Knight Frank LLP on a market value current condition basis. The directors believe that as at 31 December 2021 the market value is £9,332,737.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2021
2020
£
£


Historic cost
1,865,304
1,865,304

1,865,304
1,865,304


6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
374,307
391,671

374,307
391,671


Page 8

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
94,510
89,524

Corporation tax
21,173
37,286

Other taxation and social security
2,619
2,539

Accruals and deferred income
8,317
10,117

126,619
139,466


Bank loans are secured on the properties to which they relate.


8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
820,815
914,520

820,815
914,520


Bank loans are secured on the properties to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
94,510
89,524

Amounts falling due 1-2 years

Bank loans
97,667
91,523

Amounts falling due 2-5 years

Bank loans
303,203
287,017

Amounts falling due after more than 5 years

Bank loans
419,945
535,979

915,325
1,004,043


Page 9

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



7,816 (2020 - 7,816) Ordinary shares of £1.00 each
7,816
7,816



11.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.


12.


Related party transactions

During the year the company received interest from associated entities amounting to £nil (2020: £1,401), which is included in other income  All transactions were conducted at an arms length basis.


13.


Controlling party

The company is controlled by its directors.

 
Page 10