Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11713842 2022-04-01 2023-03-31 11713842 2021-04-01 2022-03-31 11713842 2023-03-31 11713842 2022-03-31 11713842 c:Director2 2022-04-01 2023-03-31 11713842 d:LeaseholdInvestmentProperty 2023-03-31 11713842 d:LeaseholdInvestmentProperty 2022-03-31 11713842 d:CurrentFinancialInstruments 2023-03-31 11713842 d:CurrentFinancialInstruments 2022-03-31 11713842 d:Non-currentFinancialInstruments 2023-03-31 11713842 d:Non-currentFinancialInstruments 2022-03-31 11713842 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11713842 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11713842 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11713842 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11713842 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11713842 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 11713842 d:ShareCapital 2023-03-31 11713842 d:ShareCapital 2022-03-31 11713842 d:SharePremium 2023-03-31 11713842 d:SharePremium 2022-03-31 11713842 d:RetainedEarningsAccumulatedLosses 2023-03-31 11713842 d:RetainedEarningsAccumulatedLosses 2022-03-31 11713842 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11713842 c:OrdinaryShareClass1 2023-03-31 11713842 c:OrdinaryShareClass1 2022-03-31 11713842 c:FRS102 2022-04-01 2023-03-31 11713842 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11713842 c:FullAccounts 2022-04-01 2023-03-31 11713842 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11713842









SECULUM HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SECULUM HOLDINGS LTD
REGISTERED NUMBER: 11713842

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,627,000
2,627,000

  
2,627,000
2,627,000

Current assets
  

Debtors: amounts falling due within one year
 5 
131,661
131,496

Cash at bank and in hand
 6 
75,933
76,762

  
207,594
208,258

Creditors: amounts falling due within one year
 7 
(6,142)
(17,535)

Net current assets
  
 
 
201,452
 
 
190,723

Total assets less current liabilities
  
2,828,452
2,817,723

Creditors: amounts falling due after more than one year
 8 
(1,258,954)
(1,258,954)

  

Net assets
  
1,569,498
1,558,769


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Share premium account
  
1,439,209
1,439,209

Profit and loss account
  
129,289
118,560

  
1,569,498
1,558,769


Page 1

 
SECULUM HOLDINGS LTD
REGISTERED NUMBER: 11713842
    
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 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 on 16 November 2023.




Pauline Bearman
Director

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

Page 2

 
SECULUM HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, registered and incorporated in England & Wales.
The address of the registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London, E14 9FJ.

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

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:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

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.

 
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.

Page 3

 
SECULUM HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SECULUM HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
2,627,000



At 31 March 2023
2,627,000

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





5.


Debtors

2023
2022
£
£


Other debtors
131,495
131,496

Prepayments and accrued income
166
-

131,661
131,496



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
75,933
76,762

75,933
76,762


Page 5

 
SECULUM HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,822
12,889

Other creditors
320
1,646

Accruals and deferred income
3,000
3,000

6,142
17,535



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,258,954
1,258,954

1,258,954
1,258,954


The following liabilities were secured:

2023
2022
£
£



Bank loans
1,258,954
1,258,954

1,258,954
1,258,954

Details of security provided:

The company has loans of £1,258,954 falling due later than five years, which are secured against properties of the company. Remaining loan terms are between 9 to 14 years and interest rates range from 2% to 5%.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable other than by instalments
1,258,954
1,258,954

1,258,954
1,258,954



Page 6

 
SECULUM HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
1,258,954
1,258,954



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 7