Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3152022-04-01falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09445912 2022-04-01 2023-03-31 09445912 2021-04-01 2022-03-31 09445912 2023-03-31 09445912 2022-03-31 09445912 c:CompanySecretary1 2022-04-01 2023-03-31 09445912 c:Director1 2022-04-01 2023-03-31 09445912 c:Director2 2022-04-01 2023-03-31 09445912 c:Director3 2022-04-01 2023-03-31 09445912 c:Director4 2022-04-01 2023-03-31 09445912 c:Director5 2022-04-01 2023-03-31 09445912 c:RegisteredOffice 2022-04-01 2023-03-31 09445912 d:Buildings 2022-04-01 2023-03-31 09445912 d:Buildings 2023-03-31 09445912 d:Buildings 2022-03-31 09445912 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09445912 d:CurrentFinancialInstruments 2023-03-31 09445912 d:CurrentFinancialInstruments 2022-03-31 09445912 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09445912 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09445912 d:ShareCapital 2023-03-31 09445912 d:ShareCapital 2022-03-31 09445912 d:RetainedEarningsAccumulatedLosses 2023-03-31 09445912 d:RetainedEarningsAccumulatedLosses 2022-03-31 09445912 c:FRS102 2022-04-01 2023-03-31 09445912 c:IndependentExaminationCharity 2022-04-01 2023-03-31 09445912 c:FullAccounts 2022-04-01 2023-03-31 09445912 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09445912 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 09445912







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED






































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STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


 
COMPANY INFORMATION


Directors
I D Bateson 
M Proto 
T N Raven 
J Smewing 
J A Walker 




Company secretary
S Johnson



Registered number
09445912



Registered office
Vienna Court
Lammas Road

Godalming

Surrey

GU7 1YL




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
REGISTERED NUMBER:09445912



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,000,930
1,024,352

Investments
 5 
10,083,984
10,083,984

  
11,084,914
11,108,336

Current assets
  

Debtors: amounts falling due within one year
 6 
2
2

Cash at bank and in hand
  
502,825
944,321

  
502,827
944,323

Creditors: amounts falling due within one year
 7 
(1,497,059)
(1,942,201)

Net current liabilities
  
 
 
(994,232)
 
 
(997,878)

Total assets less current liabilities
  
10,090,682
10,110,458

Provisions for liabilities
  

Deferred tax
  
(124)
(124)

  
 
 
(124)
 
 
(124)

Net assets
  
10,090,558
10,110,334


Capital and reserves
  

Allotted, called up and fully share capital
  
10,083,984
10,083,984

Profit and loss account
  
6,574
26,350

  
10,090,558
10,110,334


Page 1

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
REGISTERED NUMBER:09445912


    
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 income and retained earnings 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: 




................................................
I D Bateson
Director

Date: 16 November 2023

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

Page 2

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

1.


General information

Stable Micro Systems (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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.

  
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
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.

The company has elected to measure freehold property at its fair value on the date of transition to FRS 102, and use that fair value as its deemed cost going forward.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
on cost of freehold buildings

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

Page 3

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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 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.


3.


Employees

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

Page 4

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

4.


Tangible fixed assets





Freehold property

£



Cost


At 1 April 2022
1,185,747



At 31 March 2023

1,185,747



Depreciation


At 1 April 2022
161,395


Charge for the year
23,422



At 31 March 2023

184,817



Net book value



At 31 March 2023
1,000,930



At 31 March 2022
1,024,352


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
10,083,984



At 31 March 2023
10,083,984












Page 5

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

6.


Debtors

2023
2022
£
£


Other debtors
2
2

2
2



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,017,896
1,017,896

Corporation tax
701
-

Other creditors
471,817
917,660

Accruals and deferred income
6,645
6,645

1,497,059
1,942,201



8.


Related party transactions

Stable Micro Systems (Holdings) Limited has taken advantage of the exemption under FRS 102 from disclosing transactions between the company and its subsidiary.
At the year end a loan balance of £156,619 (2022: £300,569) was owed to I Bateson, a director of the Company. No interest has been charged on this loan.
At the year end a loan balance of £139,618 (2022: £292,674) was owed to T Raven, a director of the Company. No interest has been charged on this loan.
At the year end a loan balance of £175,580 (2022: £324,417) was owed to J Walker, a director of the Company. No interest has been charged on this loan.

Page 6