Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2022-01-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10180249 2022-01-01 2022-12-31 10180249 2021-01-01 2021-12-31 10180249 2022-12-31 10180249 2021-12-31 10180249 c:Director1 2022-01-01 2022-12-31 10180249 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-12-31 10180249 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2021-12-31 10180249 d:CurrentFinancialInstruments 2022-12-31 10180249 d:CurrentFinancialInstruments 2021-12-31 10180249 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10180249 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10180249 d:ShareCapital 2022-12-31 10180249 d:ShareCapital 2021-12-31 10180249 d:SharePremium 2022-01-01 2022-12-31 10180249 d:SharePremium 2022-12-31 10180249 d:SharePremium 2021-12-31 10180249 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10180249 d:RetainedEarningsAccumulatedLosses 2022-12-31 10180249 d:RetainedEarningsAccumulatedLosses 2021-12-31 10180249 d:OtherDeferredTax 2022-12-31 10180249 d:OtherDeferredTax 2021-12-31 10180249 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10180249 c:OrdinaryShareClass1 2022-12-31 10180249 c:OrdinaryShareClass1 2021-12-31 10180249 c:OrdinaryShareClass2 2022-01-01 2022-12-31 10180249 c:OrdinaryShareClass2 2022-12-31 10180249 c:OrdinaryShareClass2 2021-12-31 10180249 c:OrdinaryShareClass3 2022-01-01 2022-12-31 10180249 c:OrdinaryShareClass3 2022-12-31 10180249 c:OrdinaryShareClass3 2021-12-31 10180249 c:FRS102 2022-01-01 2022-12-31 10180249 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10180249 c:FullAccounts 2022-01-01 2022-12-31 10180249 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10180249 2 2022-01-01 2022-12-31 10180249 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10180249










BENKERT HOLDINGS 1 LIMITED

UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2022
 






 



 






 
BENKERT HOLDINGS 1 LIMITED
REGISTERED NUMBER: 10180249

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
                                                                    Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
20
1,484

Current asset investments
 5 
856,362
1,506,793

Cash at bank and in hand
  
588,958
313,501

  
1,445,340
1,821,778

Creditors: amounts falling due within one year
 6 
(231,061)
(227,670)

Net current assets
  
 
 
1,214,279
 
 
1,594,108

Total assets less current liabilities
  
1,214,279
1,594,108

Provisions for liabilities
  

Deferred tax
 7 
-
(77,304)

  
 
 
-
 
 
(77,304)

Net assets
  
1,214,279
1,516,804


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Share premium account
 9 
1,248,134
1,248,134

Profit and loss account
 9 
(43,855)
258,670

  
1,214,279
1,516,804

Page 1

 
BENKERT HOLDINGS 1 LIMITED
REGISTERED NUMBER: 10180249

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 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: 




Mr M Benkert
Director

Date: 31 October 2023

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
BENKERT HOLDINGS 1 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Benkert Holdings 1 Limited is a private company, limited by shares and incorporated in England and Wales, registration number 10180249. The address of the registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in sterling, which is the functional currency of the Company and are rounded to the nearest £. 

The following principal accounting policies have been applied:

  
2.2

Compliance with accounting standards

The financial statements have been prepared in accordance with the provisions of FRS 102.  There were no material departures from that standard. 

 
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:

Gains from sales of shares are recognised on the date the shares are disposed of.
Dividend income is recognised when the right to receive payment is established. 

 
2.4

Interest income

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

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

Page 3

 
BENKERT HOLDINGS 1 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
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 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.

Page 4

 
BENKERT HOLDINGS 1 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.12

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.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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 (2021 - 2).


4.


Debtors

2022
2021
£
£


Other debtors
20
1,484



5.


Current asset investments

2022
2021
£
£

Listed investments
856,362
1,506,793


Current asset investments comprise listed securities and are measured at mid-market values at the year-end date. Losses of £409,360 (2021: gains of £89,686) have been recognised in the profit and loss account during the year.
Page 5

 
BENKERT HOLDINGS 1 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
667
-

Other creditors
226,969
224,025

Accruals and deferred income
3,425
3,645

231,061
227,670



7.


Deferred taxation




2022


£






At beginning of year
(77,304)


Charged to profit or loss
77,304



At end of year
-

The deferred taxation balance is made up as follows:

2022
2021
£
£


On potential gains/(loss) of listed investments
-
(77,304)


8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



2,130 (2021 - 2,130) Ordinary A shares of £1.00 each
2,130
2,130
3,935 (2021 - 3,935) Ordinary B shares of £1.00 each
3,935
3,935
3,935 (2021 - 3,935) Ordinary C shares of £1.00 each
3,935
3,935

10,000

10,000

All shares rank pari passu with equal voting rights.


Page 6

 
BENKERT HOLDINGS 1 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Reserves

Share premium account

The share premium account includes any premiums received on the issue of share capital. Any transaction costs associated with issuing of shares are deducted from share premium. 

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

Page 7