Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue1No description of principal activity2022-02-01false1 10289851 2022-02-01 2023-01-31 10289851 2021-02-01 2022-01-31 10289851 2023-01-31 10289851 2022-01-31 10289851 c:Director1 2022-02-01 2023-01-31 10289851 d:CurrentFinancialInstruments 2023-01-31 10289851 d:CurrentFinancialInstruments 2022-01-31 10289851 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10289851 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 10289851 d:ShareCapital 2023-01-31 10289851 d:ShareCapital 2022-01-31 10289851 d:RetainedEarningsAccumulatedLosses 2023-01-31 10289851 d:RetainedEarningsAccumulatedLosses 2022-01-31 10289851 c:OrdinaryShareClass1 2022-02-01 2023-01-31 10289851 c:OrdinaryShareClass1 2023-01-31 10289851 c:OrdinaryShareClass1 2022-01-31 10289851 c:FRS102 2022-02-01 2023-01-31 10289851 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 10289851 c:FullAccounts 2022-02-01 2023-01-31 10289851 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10289851









HUDSWELL INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
HUDSWELL INVESTMENTS LTD
REGISTERED NUMBER: 10289851

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Current asset investments
 5 
788,017
821,036

Cash at bank and in hand
 6 
187
187

  
788,204
821,223

Creditors: amounts falling due within one year
 7 
(747,919)
(742,129)

Net current assets
  
 
 
40,285
 
 
79,094

Total assets less current liabilities
  
40,285
79,094

  

Net assets
  
40,285
79,094


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
40,284
79,093

  
40,285
79,094


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 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 on 18 October 2023.



Mr T Hutchcraft
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
HUDSWELL INVESTMENTS LTD
REGISTERED NUMBER: 10289851
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023


Page 2

 
HUDSWELL INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Hudswell Investments Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 10289851. The address of the registered office is 16 - 19 Eastcastle Street, Fitzrovia, London, W1W 8DY.

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

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.

 
2.3

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.

 
2.4

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.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and Loss Account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.


3.


Employees

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


4.


Taxation

No charge to tax arises on the current year book profits as the increase in the market value of the investment portfolio is outside the scope of UK corporation tax as an unrealised gain.

Subject to the agreement of HM Revenue and Customs there are unrelieved losses available to carry forward against the same trade of approximately £67K.

Page 3

 
HUDSWELL INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Current asset investments

2023
2022
£
£

Listed investments
788,017
821,036

788,017
821,036


Listed investments are non-convertible ordinary shares listed on the London Stock Exchange measured at fair value through profit or loss. At the balance sheet date, the quoted market price amounted to £788,017 (2022: £821,036).


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
187
187

187
187



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
742,699
736,909

Accruals and deferred income
5,220
5,220

747,919
742,129



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary Shares share of £1.00
1
1


Page 4

 
HUDSWELL INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Related party transactions

lncluded in other creditors at the balance sheet date is an amount of £742,699 (2022: £736,909) due to an entity owned and controlled by the director. The amount is in respect of amounts advanced to the company and expenses borne by that entity on behalf of the company. This amount is unsecured, interest free and repayable on demand.

 
Page 5