Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08596836 2022-02-01 2023-01-31 08596836 2021-02-01 2022-01-31 08596836 2023-01-31 08596836 2022-01-31 08596836 c:Director2 2022-02-01 2023-01-31 08596836 d:FurnitureFittings 2022-02-01 2023-01-31 08596836 d:FurnitureFittings 2023-01-31 08596836 d:FurnitureFittings 2022-01-31 08596836 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08596836 d:OfficeEquipment 2022-02-01 2023-01-31 08596836 d:Goodwill 2022-02-01 2023-01-31 08596836 d:Goodwill 2023-01-31 08596836 d:Goodwill 2022-01-31 08596836 d:CurrentFinancialInstruments 2023-01-31 08596836 d:CurrentFinancialInstruments 2022-01-31 08596836 d:Non-currentFinancialInstruments 2023-01-31 08596836 d:Non-currentFinancialInstruments 2022-01-31 08596836 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08596836 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 08596836 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 08596836 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 08596836 d:ShareCapital 2023-01-31 08596836 d:ShareCapital 2022-01-31 08596836 d:RetainedEarningsAccumulatedLosses 2023-01-31 08596836 d:RetainedEarningsAccumulatedLosses 2022-01-31 08596836 c:OrdinaryShareClass1 2022-02-01 2023-01-31 08596836 c:OrdinaryShareClass1 2023-01-31 08596836 c:OrdinaryShareClass1 2022-01-31 08596836 c:FRS102 2022-02-01 2023-01-31 08596836 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08596836 c:FullAccounts 2022-02-01 2023-01-31 08596836 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08596836 2 2022-02-01 2023-01-31 08596836 d:Goodwill d:OwnedIntangibleAssets 2022-02-01 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08596836









NEATHOUSE PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
NEATHOUSE PARTNERS LIMITED
REGISTERED NUMBER:08596836

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
13,380
40,140

Tangible assets
 5 
2,888
-

  
16,268
40,140

Current assets
  

Debtors: amounts falling due within one year
 6 
271,100
161,960

Cash at bank and in hand
 7 
221,536
214,127

  
492,636
376,087

Creditors: amounts falling due within one year
 8 
(359,833)
(286,497)

Net current assets
  
 
 
132,803
 
 
89,590

Total assets less current liabilities
  
149,071
129,730

Creditors: amounts falling due after more than one year
 9 
(213,859)
(216,200)

  

Net liabilities
  
(64,788)
(86,470)


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
(65,788)
(87,470)

  
(64,788)
(86,470)


Page 1

 
NEATHOUSE PARTNERS LIMITED
REGISTERED NUMBER:08596836
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 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 profit and loss account 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: 




Sayeem Ahmed
Director

Date: 18 October 2023

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

Page 2

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Neathouse Partners Limited, 08596836, is a private limited company, limited by shares, incorporated in
England and Wales with a registered office address of Regus House, Heronsway, Chester, Cheshire, CH4 9QR.

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

Going concern

The directors have considered the support and finanical requirements of the compnay,
acknowledging the net current liability position, and is satisfied that the company can meet its
liabilities as they fall due for the forseeable future.

 
2.3

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

 
2.9

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

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.

Page 5

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight-line method

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.

Page 6

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.17

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 directors, during the year was 12 (2022 - 12).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
133,798



At 31 January 2023

133,798



Amortisation


At 1 February 2022
93,658


Charge for the year on owned assets
26,760



At 31 January 2023

120,418



Net book value



At 31 January 2023
13,380



At 31 January 2022
40,140



Page 7

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
3,852



At 31 January 2023

3,852



Depreciation


Charge for the year on owned assets
964



At 31 January 2023

964



Net book value



At 31 January 2023
2,888



At 31 January 2022
-


6.


Debtors

2023
2022
£
£


Trade debtors
253,319
144,179

Other debtors
5,700
5,700

Called up share capital not paid
430
430

Deferred taxation
11,651
11,651

271,100
161,960


Page 8

 
NEATHOUSE PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
221,536
214,127

221,536
214,127



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,777
9,520

Other taxation and social security
107,491
71,761

Other creditors
8,594
4,537

Accruals and deferred income
233,971
200,679

359,833
286,497



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
213,859
216,200

213,859
216,200



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 9