Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06764958 2022-04-01 2023-03-31 06764958 2021-04-01 2022-03-31 06764958 2023-03-31 06764958 2022-03-31 06764958 c:Director2 2022-04-01 2023-03-31 06764958 d:CurrentFinancialInstruments 2023-03-31 06764958 d:CurrentFinancialInstruments 2022-03-31 06764958 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06764958 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06764958 d:ShareCapital 2023-03-31 06764958 d:ShareCapital 2022-03-31 06764958 d:CapitalRedemptionReserve 2023-03-31 06764958 d:CapitalRedemptionReserve 2022-03-31 06764958 d:RetainedEarningsAccumulatedLosses 2023-03-31 06764958 d:RetainedEarningsAccumulatedLosses 2022-03-31 06764958 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06764958 c:OrdinaryShareClass1 2023-03-31 06764958 c:OrdinaryShareClass1 2022-03-31 06764958 c:OrdinaryShareClass2 2022-04-01 2023-03-31 06764958 c:OrdinaryShareClass2 2023-03-31 06764958 c:OrdinaryShareClass2 2022-03-31 06764958 c:FRS102 2022-04-01 2023-03-31 06764958 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06764958 c:FullAccounts 2022-04-01 2023-03-31 06764958 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06764958 d:Subsidiary1 2022-04-01 2023-03-31 06764958 d:Subsidiary1 1 2022-04-01 2023-03-31 06764958 d:Subsidiary2 2022-04-01 2023-03-31 06764958 d:Subsidiary2 1 2022-04-01 2023-03-31 06764958 d:Subsidiary3 2022-04-01 2023-03-31 06764958 d:Subsidiary3 1 2022-04-01 2023-03-31 06764958 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06764958










UMBRELLA HOLDINGS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
UMBRELLA HOLDINGS LIMITED
REGISTERED NUMBER: 06764958

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
50,037
50,037

  
50,037
50,037

Current assets
  

Debtors: amounts falling due within one year
 5 
250,572
200,000

Cash at bank and in hand
 6 
525,634
372,764

  
776,206
572,764

Creditors: amounts falling due within one year
 7 
(1,253)
(38,089)

Net current assets
  
 
 
774,953
 
 
534,675

Total assets less current liabilities
  
824,990
584,712

  

Net assets
  
824,990
584,712


Capital and reserves
  

Called up share capital 
 8 
24
24

Capital redemption reserve
  
6
6

Profit and loss account
  
824,960
584,682

  
824,990
584,712


Page 1

 
UMBRELLA HOLDINGS LIMITED
REGISTERED NUMBER: 06764958
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 on 21 September 2023.




Mr N J Carter
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
UMBRELLA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Umbrella Holdings Limited is a company domiciled in England and Wales, registration number 06764958. The registered office is Dodwell House, Chilton Business Centre, Chilton, Bucks, HP18 9LS.

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

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
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

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 reporting date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
UMBRELLA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
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

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.

 
2.9

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.

 
2.10

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).

Page 4

 
UMBRELLA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
50,037



At 31 March 2023
50,037






Net book value



At 31 March 2023
50,037



At 31 March 2022
50,037


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Umbrella Risk Management Limited
Ordinary
100%
Umbrella Risk Management (UK) Limited
Ordinary
100%
Umbrella Digital Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Umbrella Risk Management Limited
85,348
3,411

Umbrella Risk Management (UK) Limited
52,255
230,160

Umbrella Digital Limited
(39,013)
(36,024)

Page 5

 
UMBRELLA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
200,000
200,000

Other debtors
50,572
-

250,572
200,000



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
525,634
372,764

525,634
372,764



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
3
3

Other taxation and social security
-
36,836

Accruals and deferred income
1,250
1,250

1,253
38,089



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



12 (2022 - 12) Ordinary A shares of £1.00 each
12
12
12 (2022 - 12) Ordinary B shares of £1.00 each
12
12

24

24


 
Page 6