Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falseHolding investments11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI019814 2022-03-01 2023-02-28 NI019814 2021-03-01 2022-02-28 NI019814 2023-02-28 NI019814 2022-02-28 NI019814 c:Director1 2022-03-01 2023-02-28 NI019814 d:CurrentFinancialInstruments 2023-02-28 NI019814 d:CurrentFinancialInstruments 2022-02-28 NI019814 d:Non-currentFinancialInstruments 2023-02-28 NI019814 d:Non-currentFinancialInstruments 2022-02-28 NI019814 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 NI019814 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 NI019814 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 NI019814 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 NI019814 d:ShareCapital 2023-02-28 NI019814 d:ShareCapital 2022-02-28 NI019814 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 NI019814 d:RetainedEarningsAccumulatedLosses 2023-02-28 NI019814 d:RetainedEarningsAccumulatedLosses 2022-02-28 NI019814 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 NI019814 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-02-28 NI019814 c:OrdinaryShareClass1 2022-03-01 2023-02-28 NI019814 c:OrdinaryShareClass1 2023-02-28 NI019814 c:OrdinaryShareClass1 2022-02-28 NI019814 c:FRS102 2022-03-01 2023-02-28 NI019814 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 NI019814 c:FullAccounts 2022-03-01 2023-02-28 NI019814 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI019814 d:Subsidiary1 2022-03-01 2023-02-28 NI019814 d:Subsidiary1 1 2022-03-01 2023-02-28 NI019814 d:Subsidiary2 2022-03-01 2023-02-28 NI019814 d:Subsidiary2 1 2022-03-01 2023-02-28 NI019814 2 2022-03-01 2023-02-28 NI019814 6 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI019814










HAROLD MITCHELL (BELFAST) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
HAROLD MITCHELL (BELFAST) LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
HAROLD MITCHELL (BELFAST) LIMITED
REGISTERED NUMBER: NI019814

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
23,000
23,000

  
23,000
23,000

Current assets
  

Cash at bank and in hand
 5 
1,240,545
1,230,733

  
1,240,545
1,230,733

Creditors: amounts falling due within one year
 6 
(2,357)
(730)

Net current assets
  
 
 
1,238,188
 
 
1,230,003

Total assets less current liabilities
  
1,261,188
1,253,003

Creditors: amounts falling due after more than one year
 7 
(23,000)
(23,000)

  

Net assets
  
1,238,188
1,230,003


Capital and reserves
  

Called up share capital 
 9 
1,192
1,192

Profit and loss account
 10 
1,236,996
1,228,811

  
1,238,188
1,230,003


Page 1

 
HAROLD MITCHELL (BELFAST) LIMITED
REGISTERED NUMBER: NI019814

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 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 11 October 2023.


Harold Leslie Mitchell
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HAROLD MITCHELL (BELFAST) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Harold Mitchell (Belfast) Limited is a private company limited by shares and is incorporated and registered in Northern Ireland under Company Registration Number NI019814.
The company's registered office is situated at 27-29 Gordon Street, Belfast, BT1 2LG.
The company's principal activities during the year were that of an investment company.

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

Interest income

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

 
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

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.

 
2.6

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.

Page 3

 
HAROLD MITCHELL (BELFAST) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
HAROLD MITCHELL (BELFAST) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 March 2022
23,000



At 28 February 2023
23,000






Net book value



At 28 February 2023
23,000



At 28 February 2022
23,000


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Principal activity

Class of shares

Holding

Harold Mitchell (Dromore) Limited
Dormant
Ordinary
100%
Harold Mitchell (Banbridge) Limited
Dormant
Ordinary
100%

The aggregate of the share capital and reserves as at 28 February 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Harold Mitchell (Dromore) Limited
1,000
-

Harold Mitchell (Banbridge) Limited
22,000
-

The subsidiaries of the company have not generated a profit or loss in the period as these companies were dormant.


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,240,545
1,230,733

1,240,545
1,230,733


Page 5

 
HAROLD MITCHELL (BELFAST) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,807
-

Accruals and deferred income
550
730

2,357
730



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
23,000
23,000

23,000
23,000



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,240,545
1,230,733




Financial assets measured at fair value through profit or loss comprise cash and cash equivalents.

Page 6

 
HAROLD MITCHELL (BELFAST) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,192 (2022 - 1,192) Ordinary shares of £1.00 each
1,192
1,192



10.


Reserves

Profit & loss account

The profit and loss account is a fully distributable reserve and includes all current and prior year retained profits and losses.


11.


Controlling party

The company's ultimate controlling parent undertaking is Laban Investments Limited, a company incorporated in Northern Ireland, having the same registered office address as its subsidiary.
The group is not required to prepare consolidated financial statements on the grounds that it qualifies as a small group under the Companies Act (2006).


Page 7