Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10602319 2022-05-01 2023-04-30 10602319 2021-05-01 2022-04-30 10602319 2023-04-30 10602319 2022-04-30 10602319 c:Director2 2022-05-01 2023-04-30 10602319 d:CurrentFinancialInstruments 2023-04-30 10602319 d:CurrentFinancialInstruments 2022-04-30 10602319 d:Non-currentFinancialInstruments 2023-04-30 10602319 d:Non-currentFinancialInstruments 2022-04-30 10602319 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10602319 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10602319 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10602319 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 10602319 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 10602319 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 10602319 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 10602319 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 10602319 d:ShareCapital 2023-04-30 10602319 d:ShareCapital 2022-04-30 10602319 d:RetainedEarningsAccumulatedLosses 2023-04-30 10602319 d:RetainedEarningsAccumulatedLosses 2022-04-30 10602319 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 10602319 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-04-30 10602319 c:FRS102 2022-05-01 2023-04-30 10602319 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10602319 c:FullAccounts 2022-05-01 2023-04-30 10602319 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10602319 6 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 10602319










SENATE GROUP HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
SENATE GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 10602319

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,020,104
1,020,104

  
1,020,104
1,020,104

Current assets
  

Debtors: amounts falling due within one year
 5 
567,166
239,833

Cash at bank and in hand
 6 
88,816
440,441

  
655,982
680,274

Creditors: amounts falling due within one year
 7 
(91,703)
(44,100)

Net current assets
  
 
 
564,279
 
 
636,174

Total assets less current liabilities
  
1,584,383
1,656,278

Creditors: amounts falling due after more than one year
 8 
(42,900)
(86,900)

  

Net assets
  
1,541,483
1,569,378


Capital and reserves
  

Called up share capital 
  
400,504
400,504

Profit and loss account
  
1,140,979
1,168,874

  
1,541,483
1,569,378


Page 1

 
SENATE GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 10602319
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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.

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 22 September 2023.




K E Vogel
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SENATE GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (No. 10602319). The registered office address is  11th Floor, The Plaza, 100 Old Hall Street, Liverpool, Merseyside L3 9QJ.
These financial statements present information about the company as an individual undertaking; it is the parent company of a small group of companies. The principal activity of the company is that of a group holding company.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

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

Borrowing costs

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

Page 3

 
SENATE GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 4

 
SENATE GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

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, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 5

 
SENATE GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2022
1,020,104



At 30 April 2023
1,020,104





5.


Debtors

2023
2022
£
£


Trade debtors
18,000
-

Amounts owed by group undertakings
548,666
239,333

Called up share capital not paid
500
500

567,166
239,833



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
88,816
440,441

88,816
440,441


Page 6

 
SENATE GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
44,000
44,000

Trade creditors
10,719
-

Amounts owed to group undertakings
100
100

Corporation tax
33,884
-

Other taxation and social security
3,000
-

91,703
44,100



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
42,900
86,900

42,900
86,900



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
44,000
44,000

Amounts falling due 1-2 years

Other loans
42,900
44,000

Amounts falling due 2-5 years

Other loans
-
42,900


86,900
130,900


Page 7

 
SENATE GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
88,816
440,441




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


11.


Related party transactions

The parent company, Senate Group Topco limited, had an intercompany balance at the balance sheet date of £478,666 (£2022: £239,333) included within group debtors. 
A subsidiary company, Senate Construction Services Limited, had an intercompany balance at the balance sheet date of £70,000 (2022: £NIL) included within group debtors.
A subsidiary company, Senate (Electrical Services) Limited, had an intercompany balance at the balance sheet date of £100 (2022: £100) included within group creditors.


12.


Controlling party

The company is a wholly owned subsidiary of Senate Group (Topco) Limited. The ultimate controlling party is K. E. Vogel.
 
Page 8