Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3148700004870000false2022-04-01No description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03126339 2022-04-01 2023-03-31 03126339 2021-04-01 2022-03-31 03126339 2023-03-31 03126339 2022-03-31 03126339 2021-04-01 03126339 c:Director2 2022-04-01 2023-03-31 03126339 c:Director3 2022-04-01 2023-03-31 03126339 d:OfficeEquipment 2022-04-01 2023-03-31 03126339 d:OfficeEquipment 2023-03-31 03126339 d:OfficeEquipment 2022-03-31 03126339 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03126339 d:FreeholdInvestmentProperty 2023-03-31 03126339 d:FreeholdInvestmentProperty 2022-03-31 03126339 d:LeaseholdInvestmentProperty 2023-03-31 03126339 d:LeaseholdInvestmentProperty 2022-03-31 03126339 d:CurrentFinancialInstruments 2023-03-31 03126339 d:CurrentFinancialInstruments 2022-03-31 03126339 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03126339 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03126339 d:UKTax 2022-04-01 2023-03-31 03126339 d:UKTax 2021-04-01 2022-03-31 03126339 d:ShareCapital 2023-03-31 03126339 d:ShareCapital 2022-03-31 03126339 d:RetainedEarningsAccumulatedLosses 2023-03-31 03126339 d:RetainedEarningsAccumulatedLosses 2022-03-31 03126339 c:FRS102 2022-04-01 2023-03-31 03126339 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03126339 c:FullAccounts 2022-04-01 2023-03-31 03126339 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03126339 6 2022-04-01 2023-03-31 03126339 d:OtherDeferredTax 2023-03-31 03126339 d:OtherDeferredTax 2022-03-31 03126339 1 2023-03-31 03126339 1 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 03126339









HOPSHIRE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HOPSHIRE INVESTMENTS LIMITED
REGISTERED NUMBER: 03126339

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
253
338

Investments
 7 
748,700
702,715

Investment property
 8 
2,435,000
2,435,000

  
3,183,953
3,138,053

Current assets
  

Debtors: amounts falling due within one year
 9 
302,522
309,855

Cash at bank and in hand
 10 
925,856
907,035

  
1,228,378
1,216,890

Creditors: amounts falling due within one year
 11 
(101,151)
(204,119)

Net current assets
  
 
 
1,127,227
 
 
1,012,771

Total assets less current liabilities
  
4,311,180
4,150,824

Provisions for liabilities
  

Deferred tax
 12 
(219,839)
(167,078)

  
 
 
(219,839)
 
 
(167,078)

Net assets
  
4,091,341
3,983,746


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
4,090,941
3,983,346

  
4,091,341
3,983,746


Page 1

 
HOPSHIRE INVESTMENTS LIMITED
REGISTERED NUMBER: 03126339
    
BALANCE SHEET (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 by: 




M G Nathan
P G Nathan
Director
Director


Date: 8 November 2023
Date:8 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hopshire Investments Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 16 Cliveden Place, Belgravia, London, SW1W 8LA.
The company's principal activity is that of property investment and trading in other investments.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 represents rents receivable net of VAT. 

 
2.3

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:

Office equipment
-
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.

Page 3

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors informed by professional guidance 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.

 
2.5

Valuation of investments

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

 
2.6

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.

 
2.7

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.

Page 4

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Other operating income

2023
2022
£
£

Loss on disposal of listed investment - realised
-
(4,084)

Decrease in provision for impairment on listed investments - unrealised
9,318
103,055

9,318
98,971



4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


5.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
26,291
18,885

Adjustments for prior years
190
-


26,481
18,885


Total current tax
26,481
18,885

Deferred tax


Deferred tax on revaluation of properties
52,761
-

Total deferred tax
52,761
-


Taxation on profit on ordinary activities
79,242
18,885

Factors affecting tax charge for the year

With effect from 1 April 2023 the full rate of corporation tax on profits of companies increased to 25% from 19%, with provision for marginal relief on profits of less than £250,000 per annum. Future profits of the company after the balance sheet date are therefore likely to suffer corporation tax at between 19% and 25% depending on the amount of such profits. The deferred tax provision in respect of the valuation of investment property has been increased to reflect the rate of 25% on future profits (note 12). 


Page 5

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2022
4,675



At 31 March 2023

4,675



Depreciation


At 1 April 2022
4,337


Charge for the year on owned assets
85



At 31 March 2023

4,422



Net book value



At 31 March 2023
253



At 31 March 2022
338

Page 6

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
702,715


Additions
36,667



At 31 March 2023

739,382



Impairment


Charge for the period
(9,318)



At 31 March 2023

(9,318)



Net book value



At 31 March 2023
748,700



At 31 March 2022
702,715

Page 7

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2022
1,950,000
485,000
2,435,000



At 31 March 2023
1,950,000
485,000
2,435,000

The 2023 valuations were made by the directors informed by professional guidance, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,343,117
1,343,117

1,343,117
1,343,117

Page 8

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Debtors

2023
2022
£
£


Trade debtors
525
7,230

Other debtors
300,000
301,968

Prepayments and accrued income
1,997
657

302,522
309,855



10.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
925,856
907,035

925,856
907,035



11.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
38,018
163,885

Corporation tax
26,291
18,885

Other taxation and social security
1,691
-

Other creditors
35,151
21,349

101,151
204,119


Page 9

 
HOPSHIRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Deferred taxation




2023
2022


£

£






At beginning of year
(167,078)
(167,078)


Charge for the year
(52,761)
-



At end of year
(219,839)
(167,078)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Revaluation of investment properties
(219,839)
(167,078)

(219,839)
(167,078)

The deferred tax has been provided for at the rate of 25% for the year ended 31 March 2023 (2022: 19%).

 
Page 10