Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3122022-02-01falseThe principal activity of the company continued to be that of a finance company2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08155457 2022-02-01 2023-01-31 08155457 2021-02-01 2022-01-31 08155457 2023-01-31 08155457 2022-01-31 08155457 c:Director2 2022-02-01 2023-01-31 08155457 d:FurnitureFittings 2022-02-01 2023-01-31 08155457 d:FurnitureFittings 2023-01-31 08155457 d:FurnitureFittings 2022-01-31 08155457 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08155457 d:ComputerEquipment 2022-02-01 2023-01-31 08155457 d:ComputerEquipment 2023-01-31 08155457 d:ComputerEquipment 2022-01-31 08155457 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08155457 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08155457 d:CurrentFinancialInstruments 2023-01-31 08155457 d:CurrentFinancialInstruments 2022-01-31 08155457 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08155457 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 08155457 d:ShareCapital 2023-01-31 08155457 d:ShareCapital 2022-01-31 08155457 d:SharePremium 2023-01-31 08155457 d:SharePremium 2022-01-31 08155457 d:RetainedEarningsAccumulatedLosses 2023-01-31 08155457 d:RetainedEarningsAccumulatedLosses 2022-01-31 08155457 c:OrdinaryShareClass1 2022-02-01 2023-01-31 08155457 c:OrdinaryShareClass1 2023-01-31 08155457 c:FRS102 2022-02-01 2023-01-31 08155457 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08155457 c:FullAccounts 2022-02-01 2023-01-31 08155457 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08155457 2 2022-02-01 2023-01-31 08155457 6 2022-02-01 2023-01-31 08155457 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 08155457 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 08155457 2 2023-01-31 08155457 2 2022-01-31 08155457 d:ShareCapitalOtherShareTypes 2023-01-31 08155457 d:ShareCapitalOtherShareTypes 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08155457














THE BRIARS FINANCE LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
THE BRIARS FINANCE LIMITED
 

CONTENTS



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


 
THE BRIARS FINANCE LIMITED
REGISTERED NUMBER:08155457

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
664
604

Investments
 5 
-
14

  
664
618

Current assets
  

Debtors: amounts falling due within one year
 6 
2,346,400
2,122,049

Cash at bank and in hand
 7 
180,403
248,892

  
2,526,803
2,370,941

Creditors: amounts falling due within one year
 8 
(110,136)
(108,447)

Net current assets
  
 
 
2,416,667
 
 
2,262,494

Total assets less current liabilities
  
2,417,331
2,263,112

Provisions for liabilities
  

Deferred tax
 9 
(166)
-

  
 
 
(166)
 
 
-

Net assets
  
2,417,165
2,263,112


Capital and reserves
  

Called up share capital 
 10 
185
185

Share premium account
  
490,622
490,622

Profit and loss account
  
1,926,358
1,772,305

  
2,417,165
2,263,112


1

 
THE BRIARS FINANCE LIMITED
REGISTERED NUMBER:08155457
    
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: 




................................................
R A Gold
Director

Date: 20 October 2023

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

2

 
THE BRIARS FINANCE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

The Briars Finance Limited is a private limited company, registered in England and Wales with registration number 08155457. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of a finance 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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the directors appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The directors are satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

 
2.3

Turnover

Turnover 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. Turnover 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:

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

3

 
THE BRIARS FINANCE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.6
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:

Fixtures and fittings
-
20%
Straight Line
Computer equipment
-
33%
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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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.

 
2.10

 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.

 
2.11

 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 the Profit and loss account 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.

 
2.12

 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
4

 
THE BRIARS FINANCE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.12
 Financial instruments (continued)

other third parties, loans to related parties and investments in ordinary shares.

 
2.13

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 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2022
-
1,759
1,759


Additions
372
-
372



At 31 January 2023

372
1,759
2,131



Depreciation


At 1 February 2022
-
1,155
1,155


Charge for the year on owned assets
10
302
312



At 31 January 2023

10
1,457
1,467



Net book value



At 31 January 2023
362
302
664



At 31 January 2022
-
604
604

5

 
THE BRIARS FINANCE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Fixed asset investments





Unlisted investments

£





At 1 February 2022
14


Revaluations
(14)



At 31 January 2023
-






Net book value



At 31 January 2023
-



At 31 January 2022
14




6.


Debtors

2023
2022
£
£


Other debtors
2,346,400
2,122,049



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
180,403
248,892



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
41,001
37,268

Other creditors
53,354
53,354

Accruals and deferred income
15,781
17,825

110,136
108,447



9.


Deferred taxation

6

 
THE BRIARS FINANCE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
 
9.Deferred taxation (continued)




2023


£






Charged to profit or loss
(166)



At end of year
(166)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(166)
-

(166)
-





10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



185 Ordinary shares of £1.00 each
185
185



11.


Related party transactions

Included in other debtors is an amount of £11,400 (2022 - £1,630due from the directors. This is an interest free loan that is repayable on demand.
Included in other creditors is an amount of £52,354 (2022 - £52,354) owing to companies under common control. This is an interest free loan that is repayable on demand.
No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS102 Section 1A paragraph 1AC.35.

 
7