Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseResidential care activities66falsetrue 09963252 2022-04-01 2023-03-31 09963252 2021-04-01 2022-03-31 09963252 2023-03-31 09963252 2022-03-31 09963252 c:Director1 2022-04-01 2023-03-31 09963252 d:OfficeEquipment 2022-04-01 2023-03-31 09963252 d:OfficeEquipment 2023-03-31 09963252 d:OfficeEquipment 2022-03-31 09963252 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09963252 d:ComputerSoftware 2023-03-31 09963252 d:ComputerSoftware 2022-03-31 09963252 d:CurrentFinancialInstruments 2023-03-31 09963252 d:CurrentFinancialInstruments 2022-03-31 09963252 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09963252 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09963252 d:RetainedEarningsAccumulatedLosses 2023-03-31 09963252 d:RetainedEarningsAccumulatedLosses 2022-03-31 09963252 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 09963252 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 09963252 c:FRS102 2022-04-01 2023-03-31 09963252 c:Audited 2022-04-01 2023-03-31 09963252 c:FullAccounts 2022-04-01 2023-03-31 09963252 c:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 09963252 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09963252 2 2022-04-01 2023-03-31 09963252 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09963252









BETTERTOGETHER LIMITED
(A Company Limited by Guarantee)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BETTERTOGETHER LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 09963252

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
16,500
22,500

Tangible assets
 5 
1,353
282

  
17,853
22,782

Current assets
  

Debtors: amounts falling due within one year
 6 
409,672
251,457

Cash at bank and in hand
 7 
384,960
465,259

  
794,632
716,716

Creditors: amounts falling due within one year
 8 
(380,423)
(370,385)

Net current assets
  
 
 
414,209
 
 
346,331

Total assets less current liabilities
  
432,062
369,113

  

Net assets
  
432,062
369,113


Capital and reserves
  

Profit and loss account
  
432,062
369,113

  
432,062
369,113


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 30 October 2023.




S Havard
Director

The notes on pages 2 to 8 form part of these financial statements.
Page 1

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

BetterTogether Limited is a private limited company, limited by guarantee, domicilied in England and Wales, registration number 09963252.  The registered office is Stratford Advice Arcade, 107-109 The Grove, Stratford, London, E15 1HP.  The principal activity of the company is residential care activities for the elderly and disabled, learning difficulties, mental health and substance abuse.

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 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 judgment in applying the Company's accounting policies.

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Grants

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

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

Page 2

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

 
2.9

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

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
6
6

Page 4

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Computer software

£



Cost


At 1 April 2022
24,000



At 31 March 2023

24,000



Amortisation


At 1 April 2022
1,500


Charge for the year on owned assets
6,000



At 31 March 2023

7,500



Net book value



At 31 March 2023
16,500



At 31 March 2022
22,500



Page 5

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
950


Additions
1,255



At 31 March 2023

2,205



Depreciation


At 1 April 2022
668


Charge for the year on owned assets
184



At 31 March 2023

852



Net book value



At 31 March 2023
1,353



At 31 March 2022
282


6.


Debtors

2023
2022
£
£


Trade debtors
279,348
181,648

Other debtors
52,242
-

Prepayments and accrued income
78,082
69,809

409,672
251,457


Page 6

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
384,960
465,259

384,960
465,259



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
166,245
158,017

Corporation tax
16,446
11,021

Other taxation and social security
6,003
5,839

Other creditors
884
884

Accruals and deferred income
190,845
194,624

380,423
370,385



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
384,960
465,259




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.



10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 7

 
BETTERTOGETHER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Pension commitments

The company is a member of a multiple employer defined benefit pension scheme administered by the London Borough of Newham Council (LBN). LBN is the administering authority of the London Borough of Newham Pension Fund which provides a defined benefit scheme under the Local Government Pension Scheme for employees of BetterTogether Ltd.
The Local Government Pension Scheme is a defined benefit statutory scheme administered in accordance with the Local Government Pension Scheme Regulations 2013 and it provides benefits based
on career average revalued earnings. There are no minimum funding requirements in the Local Government Pension Scheme but contributions are generally set to target a funding level of 100% using
the actuarial assumptions.
The most recent actuarial valuation has been obtained as at the year end and the following has been noted: 
As at 31 March 2023 the total present value of the defined benefit obligation was £473,000 (2022: £775,000), whilst assets were £390,000 (2022: £350,000) leaving a deficit of £83,000 (2022: £425,000). However, LBN has stated in the absence of a bond (which this company does not have), it will and has issued a guarantee in respect of the premature termination of the provision of service or assets by reason of insolvency, winding up or liquidation of the company. 
The above has the effect of the pension fund being fully funded for the company and therefore there is no recognition in these accounts of a pension fund net defined benefit liability. Therefore the treatment of the pension fund has been accounted for as if it were a defined contribution scheme. The contributions made during the year were £39,097 (2022: £37,072).


12.


Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company and are publicly available. 


13.


Controlling party

The ultimate controlling party during the period and as at the period end was the Mayor and Burgesses of the London Borough of Newham


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 30 October 2023 by Charalambos Patsalides (Senior Statutory Auditor) on behalf of Haslers.

 
Page 8