Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-10-01falseActivities auxiliary to financial intermediation not elsewhere classified66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07385350 2022-10-01 2023-02-28 07385350 2023-02-28 07385350 2021-10-01 2022-09-30 07385350 2022-09-30 07385350 c:Director1 2022-10-01 2023-02-28 07385350 d:FurnitureFittings 2022-10-01 2023-02-28 07385350 d:FurnitureFittings 2023-02-28 07385350 d:FurnitureFittings 2022-09-30 07385350 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-02-28 07385350 d:OfficeEquipment 2022-10-01 2023-02-28 07385350 d:OfficeEquipment 2023-02-28 07385350 d:OfficeEquipment 2022-09-30 07385350 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-02-28 07385350 d:OwnedOrFreeholdAssets 2022-10-01 2023-02-28 07385350 d:CurrentFinancialInstruments 2023-02-28 07385350 d:CurrentFinancialInstruments 2022-09-30 07385350 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07385350 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 07385350 d:ShareCapital 2023-02-28 07385350 d:ShareCapital 2022-09-30 07385350 d:RetainedEarningsAccumulatedLosses 2023-02-28 07385350 d:RetainedEarningsAccumulatedLosses 2022-09-30 07385350 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 07385350 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 07385350 c:FRS102 2022-10-01 2023-02-28 07385350 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-02-28 07385350 c:FullAccounts 2022-10-01 2023-02-28 07385350 c:PrivateLimitedCompanyLtd 2022-10-01 2023-02-28 07385350 6 2022-10-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 07385350


ALFRETON CAPITAL MANAGEMENT LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10


 
ALFRETON CAPITAL MANAGEMENT LIMITED
REGISTERED NUMBER: 07385350

BALANCE SHEET
AS AT 28 FEBRUARY 2023

28 February
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,814
34,028

Investments
 5 
1,231,669
1,160,586

  
1,263,483
1,194,614

Current assets
  

Debtors: amounts falling due within one year
 6 
946,973
173,613

Cash at bank and in hand
 7 
347,931
390,658

  
1,294,904
564,271

Creditors: amounts falling due within one year
 8 
(544,784)
(402,591)

Net current assets
  
 
 
750,120
 
 
161,680

Total assets less current liabilities
  
2,013,603
1,356,294

Provisions for liabilities
  

Deferred tax
 9 
(7,954)
(6,349)

  
 
 
(7,954)
 
 
(6,349)

Net assets
  
2,005,649
1,349,945


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,005,549
1,349,845

  
2,005,649
1,349,945


Page 1

 
ALFRETON CAPITAL MANAGEMENT LIMITED
REGISTERED NUMBER: 07385350
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 period 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 statement of income and retained earnings 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: 




................................................
D J Abrahams
Director

Date: 1 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Alfreton Capital Management Limited is a private limited company limited by share capital, incorporated in England and Wales. The company's registration number is  07385350. The address of the registered office is 8 King Edward Street, Oxford, United Kingdom, OX1 4HL .

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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

Pensions

Defined contribution pension plan

The Company contributes into 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

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, based on the policies below.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing balance
Office 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

Associates

Associates are held at cost less impairment.

Page 5

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 period was 6 (2022 - 6).

Page 6

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2022
41,633
14,527
56,160


Additions
-
1,879
1,879


Disposals
(897)
-
(897)



At 28 February 2023

40,736
16,406
57,142



Depreciation


At 1 October 2022
13,447
8,685
22,132


Charge for the period on owned assets
1,727
1,758
3,485


Disposals
(289)
-
(289)



At 28 February 2023

14,885
10,443
25,328



Net book value



At 28 February 2023
25,851
5,963
31,814



At 30 September 2022
28,186
5,842
34,028

Page 7

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

5.


Fixed asset investments








Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 October 2022
1,246,402
171,429
1,417,831


Additions
-
28,571
28,571



At 28 February 2023

1,246,402
200,000
1,446,402



Impairment


At 1 October 2022
257,245
-
257,245


Charge for the period
(42,512)
-
(42,512)



At 28 February 2023

214,733
-
214,733



Net book value



At 28 February 2023
1,031,669
200,000
1,231,669



At 30 September 2022
989,157
171,429
1,160,586


6.


Debtors

28 February
30 September
2023
2022
£
£


Trade debtors
456,446
33,894

Other debtors
424,611
60,562

Prepayments and accrued income
65,916
79,157

946,973
173,613


Page 8

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

7.


Cash and cash equivalents

28 February
30 September
2023
2022
£
£

Cash at bank and in hand
347,931
390,658

347,931
390,658



8.


Creditors: Amounts falling due within one year

28 February
30 September
2023
2022
£
£

Trade creditors
11,324
35,035

Corporation tax
441,621
294,520

Other taxation and social security
11,474
31,839

Other creditors
55,445
22,328

Accruals and deferred income
24,920
18,869

544,784
402,591



9.


Deferred taxation






2023


£






At beginning of period
(6,349)


Charged to profit or loss
(1,605)



At end of period
(7,954)

Page 9

 
ALFRETON CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

28 February
30 September
2023
2022
£
£


Accelerated capital allowances
(7,954)
(6,349)

(7,954)
(6,349)


10.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,031 (2022 - £4,475) .


11.


Controlling party

The ultimate controlling party is Mr D J Abrahams.

 
Page 10