Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-052023-04-052false2022-04-06falseMaking investments2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09626140 2022-04-06 2023-04-05 09626140 2021-04-06 2022-04-05 09626140 2023-04-05 09626140 2022-04-05 09626140 c:Director1 2022-04-06 2023-04-05 09626140 d:CurrentFinancialInstruments 2023-04-05 09626140 d:CurrentFinancialInstruments 2022-04-05 09626140 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 09626140 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 09626140 d:ShareCapital 2023-04-05 09626140 d:ShareCapital 2022-04-05 09626140 d:RetainedEarningsAccumulatedLosses 2023-04-05 09626140 d:RetainedEarningsAccumulatedLosses 2022-04-05 09626140 c:FRS102 2022-04-06 2023-04-05 09626140 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 09626140 c:FullAccounts 2022-04-06 2023-04-05 09626140 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 09626140 2 2022-04-06 2023-04-05 09626140 6 2022-04-06 2023-04-05 09626140 1 2023-04-05 09626140 1 2022-04-05 iso4217:GBP xbrli:pure
Registered number: 09626140


HEAT INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 5 APRIL 2023

 
HEAT INVESTMENTS LIMITED
REGISTERED NUMBER: 09626140

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
4,815,353
5,052,232

  
4,815,353
5,052,232

Current assets
  

Debtors: amounts falling due within one year
 6 
4,284
4,284

Cash at bank and in hand
 7 
9,371
42,861

  
13,655
47,145

Creditors: amounts falling due within one year
 8 
(10,655)
(62,849)

Net current assets/(liabilities)
  
 
 
3,000
 
 
(15,704)

Total assets less current liabilities
  
4,818,353
5,036,528

  

Net assets
  
4,818,353
5,036,528

Page 1

 
HEAT INVESTMENTS LIMITED
REGISTERED NUMBER: 09626140
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
3,650,000
3,650,000

Profit and loss account
  
1,168,353
1,386,528

  
4,818,353
5,036,528


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 comprehensive income 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 R Wooldridge
Director

Date: 10 November 2023

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

Page 2

 
HEAT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

HEAT Investments Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is 31 Hill Street, London, W1J 5LS.
The principal activity of the Company continued to be that of making investments.

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.

  
2.2

Revenue

Turnover comprises gains or losses from the disposal of investments and associated investment income.

 
2.3

Interest income

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

 
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

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Page 3

 
HEAT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.6

Valuation of investments

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

 
2.7

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.

 
2.8

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.

 
2.9

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

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.

 
2.11

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

 
HEAT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Dividends

2023
2022
£
£


C preference share
-
20,000


D preference share
10,665
22,000

10,665
42,000

Page 5

 
HEAT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

5.


Fixed asset investments





Listed investments

£



Cost 


At 6 April 2022
4,648,500


Disposals
(13,698)



At 5 April 2023

4,634,802



Impairment


At 6 April 2022
(403,732)


Charge for the period
224,069


Impairment on disposals
(888)



At 5 April 2023

(180,551)



Net book value



At 5 April 2023
4,815,353



At 5 April 2022
5,052,232

Page 6

 
HEAT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
4,284
4,284

4,284
4,284



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,371
42,861

9,371
42,861



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
51,761

Accruals and deferred income
10,655
11,088

10,655
62,849



9.


Controlling party

The Company is controlled by the directors by virtue of their shareholding.

 
Page 7