Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false44true SC137406 2022-04-01 2023-03-31 SC137406 2021-04-01 2022-03-31 SC137406 2023-03-31 SC137406 2022-03-31 SC137406 c:Director1 2022-04-01 2023-03-31 SC137406 c:Director3 2022-04-01 2023-03-31 SC137406 c:Director4 2022-04-01 2023-03-31 SC137406 c:Director5 2022-04-01 2023-03-31 SC137406 c:RegisteredOffice 2022-04-01 2023-03-31 SC137406 d:PlantMachinery 2022-04-01 2023-03-31 SC137406 d:PlantMachinery 2023-03-31 SC137406 d:PlantMachinery 2022-03-31 SC137406 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC137406 d:FreeholdInvestmentProperty 2023-03-31 SC137406 d:FreeholdInvestmentProperty 2022-03-31 SC137406 d:CurrentFinancialInstruments 2023-03-31 SC137406 d:CurrentFinancialInstruments 2022-03-31 SC137406 d:Non-currentFinancialInstruments 2023-03-31 SC137406 d:Non-currentFinancialInstruments 2022-03-31 SC137406 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC137406 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC137406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC137406 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC137406 d:ShareCapital 2023-03-31 SC137406 d:ShareCapital 2022-03-31 SC137406 d:CapitalRedemptionReserve 2023-03-31 SC137406 d:CapitalRedemptionReserve 2022-03-31 SC137406 d:OtherMiscellaneousReserve 2023-03-31 SC137406 d:OtherMiscellaneousReserve 2022-03-31 SC137406 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC137406 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC137406 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC137406 c:OrdinaryShareClass1 2023-03-31 SC137406 c:OrdinaryShareClass1 2022-03-31 SC137406 c:OrdinaryShareClass2 2022-04-01 2023-03-31 SC137406 c:OrdinaryShareClass2 2022-03-31 SC137406 c:FRS102 2022-04-01 2023-03-31 SC137406 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC137406 c:FullAccounts 2022-04-01 2023-03-31 SC137406 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC137406










HATRICK-BRUCE PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
HATRICK-BRUCE PROPERTIES LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs P Clark 
Mr R Purvis 
Mr I Hall 
Mr J Thomson 




REGISTERED NUMBER
SC137406



REGISTERED OFFICE
Market House
South Street

Milnathort

Perth & Kinross

KY13 9XB




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
HATRICK-BRUCE PROPERTIES LIMITED
REGISTERED NUMBER: SC137406

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
118
157

Investment property
 5 
615,995
615,995

  
616,113
616,152

Current assets
  

Debtors: amounts falling due within one year
 6 
7,464
4,931

Cash at bank and in hand
  
9,016
13,341

  
16,480
18,272

Creditors: amounts falling due within one year
 7 
(74,787)
(91,674)

Net current liabilities
  
 
 
(58,307)
 
 
(73,402)

Total assets less current liabilities
  
557,806
542,750

Creditors: amounts falling due after more than one year
 8 
(5,600)
(8,000)

Provisions for liabilities
  

Deferred tax
  
(7,948)
(7,948)

  
 
 
(7,948)
 
 
(7,948)

Net assets
  
544,258
526,802


Capital and reserves
  

Called up share capital 
 9 
1
2

Capital redemption reserve
  
1
-

Other reserves
  
241,641
241,641

Profit and loss account
  
302,615
285,159

  
544,258
526,802


Page 1

 
HATRICK-BRUCE PROPERTIES LIMITED
REGISTERED NUMBER: SC137406

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 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 I Hall
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HATRICK-BRUCE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hatrick-Bruce Properties Limited is a private company, limited by shares, incorporated in Scotland with registration number SC137406.  The registered office is Market House, South Street, Milnathort, Perth & Kinross, KY13 9XB
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HATRICK-BRUCE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
HATRICK-BRUCE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

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 4 (2022 - 4).

Page 5

 
HATRICK-BRUCE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
8,023



At 31 March 2023

8,023



Depreciation


At 1 April 2022
7,866


Charge for the year on owned assets
39



At 31 March 2023

7,905



Net book value



At 31 March 2023
118



At 31 March 2022
157


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
615,995



At 31 March 2023
615,995

The fair value of the investment property has been arrived at on the basis of a previous professional valuation on an open market value basis and the directors consider this valuation to remain reasonable as at 31 March 2023. 




Page 6

 
HATRICK-BRUCE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
6,769
4,323

Prepayments and accrued income
695
608

7,464
4,931



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,400
2,400

Trade creditors
6,777
3,260

Amounts owed to group undertakings
56,184
76,293

Other taxation and social security
4,509
5,582

Other creditors
1
-

Accruals and deferred income
4,916
4,139

74,787
91,674



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
5,600
8,000



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £0.01 each
1
1
Nil (2022 - 100) Preference shares of £0.01 each
-
1

1

2

During the year, 100 Preferences shares of £0.01 each were redeemed by the company. 


Page 7

 
HATRICK-BRUCE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Controlling party

The company is under the control of Hatrick-Bruce Limited, the parent company.  The registered office of the parent company is Market House, South Street, Milnathort, Perth & Kinross KY13 9XB.

Page 8