Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31No description of principal activity12022-02-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06968617 2022-02-01 2023-01-31 06968617 2021-02-01 2022-01-31 06968617 2023-01-31 06968617 2022-01-31 06968617 c:Director1 2022-02-01 2023-01-31 06968617 d:OfficeEquipment 2022-02-01 2023-01-31 06968617 d:OfficeEquipment 2023-01-31 06968617 d:OfficeEquipment 2022-01-31 06968617 d:CurrentFinancialInstruments 2023-01-31 06968617 d:CurrentFinancialInstruments 2022-01-31 06968617 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06968617 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 06968617 d:ShareCapital 2023-01-31 06968617 d:ShareCapital 2022-01-31 06968617 d:RetainedEarningsAccumulatedLosses 2023-01-31 06968617 d:RetainedEarningsAccumulatedLosses 2022-01-31 06968617 c:FRS102 2022-02-01 2023-01-31 06968617 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 06968617 c:FullAccounts 2022-02-01 2023-01-31 06968617 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06968617 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 06968617









HUDSWELL HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
HUDSWELL HOLDINGS LTD
REGISTERED NUMBER: 06968617

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 7 
836,192
859,248

Cash at bank and in hand
 8 
187,233
53,106

  
1,023,425
912,354

Creditors: amounts falling due within one year
 9 
(115,261)
(28,260)

Net current assets
  
 
 
908,164
 
 
884,094

Total assets less current liabilities
  
908,164
884,094

  

Net assets
  
908,164
884,094


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
908,162
884,092

  
908,164
884,094


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

Page 1

 
HUDSWELL HOLDINGS LTD
REGISTERED NUMBER: 06968617
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

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

Page 2

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

1.


General information

Hudswell Holdings Ltd is a private company limited by share capital, incorporated in England and Wales.  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.

 
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.

Turnover from royalties is recognised when the income is fixed or determinable and collectability is reasonably assured.

 
2.3

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 3

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

2.Accounting policies (continued)


2.3
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

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.

 
2.4

Valuation of investments

Investments are measured at cost less accumulated 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.

 
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

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.

Page 4

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

2.Accounting policies (continued)

 
2.9

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 directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2022
2,713



At 31 January 2023

2,713



Depreciation


At 1 February 2022
2,713



At 31 January 2023

2,713



Net book value



At 31 January 2023
-



At 31 January 2022
-


5.


Fixed asset investments

The company is a 50% partner in an unincorporated partnership based in the United Kingdom.
It is also a 25% partner in a Limited Liability Partnership incorporated in England and Wales.


6.


Income from participating interests

The company's share of partnership loss from its investment in an unincorporated partnership during the year was £8,807 (2022: £14,174).

Page 5

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

7.


Debtors

2023
2022
£
£


Other debtors
769,180
859,248

Prepayments and accrued income
67,012
-

836,192
859,248



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
187,233
53,106

187,233
53,106



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
468
1,189

Corporation tax
29,036
12,190

Other taxation and social security
1,408
769

Other creditors
62,220
2,246

Accruals and deferred income
22,129
11,866

115,261
28,260


Page 6

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

10.


Related party transactions

During the year ordinary dividends totalling £97,500 (2022: £114,000) were paid to the director in his capacity as shareholder of the company. 
Included in other creditors at the balance sheet date is an amount of £62,220 (2022: £99,805 debit) due to the director. The amount is in respect of dividends payable to the director in his capacity as shareholder of the company net of expenses borne on behalf of the director. This amount is unsecured, interest free and repayable on demand.
Included in other debtors at the balance sheet date is an amount of £23,726 (2022: £22,534) due from an unincorporated  partnership in which the company is an equal partner. The amount is in respect of profit share due from the partnership less expenses borne by that entity on behalf of this company. This amount is unsecured, interest free and repayable on demand. The loss share for the year was £14,174 (2020: £69,925 profit).
Included in other debtors at the balance sheet date is an amount of £742,699 (2022: £736,909) due from a company owned and controlled by the director of the company. The amount is in respect of cash advanced and expenses borne on behalf of that company. This amount is unsecured, interest free and repayable on demand.
Included in other debtors at the balance sheet date is an amount of £2,754 (2022: £2,246 creditor) due from a Limited Liability Partnership. The company is an equal partner in that entity. The amount is in respect of cash advanced and expenses borne on behalf of that entity. This amount is unsecured, interest free and repayable on demand.

 
Page 7