Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02149424 2022-04-01 2023-03-31 02149424 2021-04-01 2022-03-31 02149424 2023-03-31 02149424 2022-03-31 02149424 c:Director2 2022-04-01 2023-03-31 02149424 d:OfficeEquipment 2022-04-01 2023-03-31 02149424 d:OfficeEquipment 2023-03-31 02149424 d:OfficeEquipment 2022-03-31 02149424 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02149424 d:FreeholdInvestmentProperty 2023-03-31 02149424 d:FreeholdInvestmentProperty 2022-03-31 02149424 d:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 02149424 d:CurrentFinancialInstruments 2023-03-31 02149424 d:CurrentFinancialInstruments 2022-03-31 02149424 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02149424 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02149424 d:ShareCapital 2023-03-31 02149424 d:ShareCapital 2022-03-31 02149424 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02149424 d:RetainedEarningsAccumulatedLosses 2023-03-31 02149424 d:RetainedEarningsAccumulatedLosses 2022-03-31 02149424 c:FRS102 2022-04-01 2023-03-31 02149424 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02149424 c:FullAccounts 2022-04-01 2023-03-31 02149424 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02149424 6 2022-04-01 2023-03-31 02149424 d:OtherDeferredTax 2023-03-31 02149424 d:OtherDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Company Registered Number: 02149424










GEOFF BEARDSLEY & PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
GEOFF BEARDSLEY & PARTNERS LIMITED
REGISTERED NUMBER:02149424

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,104
1,041

Investments
 5 
51,050
81,050

Investment property
 6 
2,350,000
2,039,012

  
2,403,154
2,121,103

Current assets
  

Debtors: amounts falling due within one year
 7 
63,300
24,191

Cash at bank and in hand
 8 
49,007
59,620

  
112,307
83,811

Creditors: amounts falling due within one year
 9 
(396,894)
(491,530)

Net current liabilities
  
 
 
(284,587)
 
 
(407,719)

Total assets less current liabilities
  
2,118,567
1,713,384

Provisions for liabilities
  

Deferred tax
 10 
(40,000)
-

  
 
 
(40,000)
 
 
-

Net assets
  
2,078,567
1,713,384


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 11 
2,078,467
1,713,284

  
2,078,567
1,713,384


Page 1

 
GEOFF BEARDSLEY & PARTNERS LIMITED
REGISTERED NUMBER:02149424
    
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 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 23 October 2023.




................................................
M D Johnson
Director

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

Page 2

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Geoff Beardsley & Partners Limited is a limited liability company incorporated in England and Wales. The Company registration number is 02149424. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
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.

 
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

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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
-
33%

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.

 
2.6

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.

Page 4

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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 Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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.

 
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

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.

 
2.13

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 5

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

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


        2023
        2022
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
4,807


Additions
2,100



At 31 March 2023

6,907



Depreciation


At 1 April 2022
3,766


Charge for the year on owned assets
1,037



At 31 March 2023

4,803



Net book value



At 31 March 2023
2,104



At 31 March 2022
1,041

Page 6

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 April 2022
81,000
50
81,050


Disposals
(30,000)
-
(30,000)



At 31 March 2023
51,000
50
51,050




Page 7

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
2,039,012


Surplus on revaluation
310,988



At 31 March 2023
2,350,000

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

Included in the above are the following properties:
The Power House Freehold  £1,500,000
46-50 Leeds Road, Ilkley  Freehold          £850,000


2023
2022
£
£


Historic cost
1,607,512
1,607,512


7.


Debtors

2023
2022
£
£


Trade debtors
28,691
7,795

Other debtors
34,609
16,396

63,300
24,191



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
49,007
59,620


Page 8

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,702
1,288

Corporation tax
22,614
23,192

Other taxation and social security
9,752
2,188

Other creditors
326,764
431,000

Accruals and deferred income
34,062
33,862

396,894
491,530



10.


Deferred taxation




2023


£






Charged to profit or loss
40,000



At end of year
40,000

The deferred taxation balance is made up as follows:

2023
2022
£
£


Revaluation of property
40,000
-

40,000
-


11.


Reserves

Profit and loss account

The profit and loss account represents the accumulation of retained profits which reflect distributable reserves. 
Included within the profit and loss account is £702,488 (2022 - £431,500) of undistributable reserves relating to the revaluation of freehold investment property.

Page 9

 
GEOFF BEARDSLEY & PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £653 (2022 - £Nil). Contributions totalling £40 (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10