Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activity3falsetrue2022-06-013falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12658264 2022-06-01 2023-05-31 12658264 2021-06-01 2022-05-31 12658264 2023-05-31 12658264 2022-05-31 12658264 c:Director1 2022-06-01 2023-05-31 12658264 c:Director2 2022-06-01 2023-05-31 12658264 c:Director3 2022-06-01 2023-05-31 12658264 d:CurrentFinancialInstruments 2023-05-31 12658264 d:CurrentFinancialInstruments 2022-05-31 12658264 d:Non-currentFinancialInstruments 2023-05-31 12658264 d:Non-currentFinancialInstruments 2022-05-31 12658264 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12658264 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12658264 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12658264 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 12658264 d:ShareCapital 2023-05-31 12658264 d:ShareCapital 2022-05-31 12658264 d:RetainedEarningsAccumulatedLosses 2023-05-31 12658264 d:RetainedEarningsAccumulatedLosses 2022-05-31 12658264 c:OrdinaryShareClass1 2022-06-01 2023-05-31 12658264 c:OrdinaryShareClass1 2023-05-31 12658264 c:OrdinaryShareClass1 2022-05-31 12658264 c:FRS102 2022-06-01 2023-05-31 12658264 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12658264 c:FullAccounts 2022-06-01 2023-05-31 12658264 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12658264 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12658264










Unit 5 Holdings Limited








Unaudited

Directors' report and financial statements

Information for filing with the registrar

For the year ended 31 May 2023

 
Unit 5 Holdings Limited
 

 
Directors' report
For the year ended 31 May 2023

The directors present their report and the financial statements for the year ended 31 May 2023.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

M D Cousins 
S J Robinson 
J E Rolfe 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 6 November 2023 and signed on its behalf.
 





J E Rolfe
Director

Page 1

 
Unit 5 Holdings Limited
Registered number: 12658264

Balance sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
725,000
725,000

  
725,000
725,000

Current assets
  

Cash at bank and in hand
 5 
100
100

  
100
100

Creditors: amounts falling due within one year
 6 
(37,000)
(37,000)

Net current liabilities
  
 
 
(36,900)
 
 
(36,900)

Total assets less current liabilities
  
688,100
688,100

Creditors: amounts falling due after more than one year
 7 
(37,000)
(74,000)

  

Net assets
  
651,100
614,100


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
651,000
614,000

  
651,100
614,100


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 6 November 2023.


J E Rolfe
Director

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

Page 2

 
Unit 5 Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 May 2023

1.


General information

Unit 5 Holdings Limited (company number ) is a private company limited by shares and incorporated in England. The address of the company's principal place of business is Unit 4-5 The Business Centre, St Augustines Business Park, Swalecliffe, Whitstable, Kent, CT5 2QJ. 

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

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.

 
2.4

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.

Page 3

 
Unit 5 Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 May 2023

2.Accounting policies (continued)

 
2.5

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 Balance sheet 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 4

 
Unit 5 Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 May 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.6

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 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
725,000



At 31 May 2023
725,000





5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100
100

100
100


Page 5

 
Unit 5 Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 May 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
37,000
37,000

37,000
37,000



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
37,000
74,000

37,000
74,000



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.

Page 6