Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10364422 2022-04-01 2023-03-31 10364422 2021-04-01 2022-03-31 10364422 2023-03-31 10364422 2022-03-31 10364422 2021-04-01 10364422 c:Director1 2022-04-01 2023-03-31 10364422 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-03-31 10364422 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-03-31 10364422 d:CurrentFinancialInstruments 2023-03-31 10364422 d:CurrentFinancialInstruments 2022-03-31 10364422 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10364422 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10364422 d:ShareCapital 2023-03-31 10364422 d:ShareCapital 2022-03-31 10364422 d:RetainedEarningsAccumulatedLosses 2023-03-31 10364422 d:RetainedEarningsAccumulatedLosses 2022-03-31 10364422 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10364422 c:OrdinaryShareClass1 2023-03-31 10364422 c:OrdinaryShareClass2 2022-04-01 2023-03-31 10364422 c:OrdinaryShareClass2 2023-03-31 10364422 c:OrdinaryShareClass3 2022-04-01 2023-03-31 10364422 c:OrdinaryShareClass3 2023-03-31 10364422 c:FRS102 2022-04-01 2023-03-31 10364422 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10364422 c:FullAccounts 2022-04-01 2023-03-31 10364422 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10364422 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 10364422 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 10364422 d:EntityControlledByKeyManagementPersonnel1 2022-03-31 10364422 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10364422 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 10364422 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 10364422 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 10364422 d:RetirementBenefitObligationsDeferredTax 2023-03-31 10364422 d:RetirementBenefitObligationsDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10364422









HICKEY FAMILY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
HICKEY FAMILY LIMITED
REGISTERED NUMBER: 10364422

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
14,818,177
14,187,780

  
14,818,177
14,187,780

Current assets
  

Debtors: amounts falling due within one year
 5 
67,024
67,024

Cash at bank and in hand
  
307,189
169,696

  
374,213
236,720

Creditors: amounts falling due within one year
 6 
(1,548,620)
(1,529,018)

Net current liabilities
  
 
 
(1,174,407)
 
 
(1,292,298)

Net assets
  
13,643,770
12,895,482


Capital and reserves
  

Called up share capital 
 8 
10,837,067
10,837,067

Retained earnings
  
2,806,703
2,058,415

Shareholders' funds
  
13,643,770
12,895,482


Page 1

 
HICKEY FAMILY LIMITED
REGISTERED NUMBER: 10364422
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges her 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 and delivered 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 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: 





F A Hickey
Director

Date: 17 November 2023

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

Page 2

 
HICKEY FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hickey Family Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 10364422). The registered office address is at The Scalpel, 18th Floor 52 Lime Street, London, EC3M 7AF.

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

Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and has concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
HICKEY FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
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.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs

 
2.5

Current and deferred taxation

The tax expense for the period 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

 
HICKEY FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 April 2022
14,187,780


Additions
1,615,636


Disposals
(1,368,645)


Revaluations
383,406



At 31 March 2023
14,818,177





5.


Debtors

2023
2022
£
£


Called up share capital not paid
54,020
54,020

Deferred taxation
13,004
13,004

67,024
67,024


Page 5

 
HICKEY FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,440

Other creditors
1,462,300
1,462,300

Accruals and deferred income
86,320
65,278

1,548,620
1,529,018



7.


Deferred taxation




2023
2022


£

£






At beginning of year
13,004
365,387


Charged to profit or loss
-
(352,383)



At end of year
13,004
13,004

The deferred tax asset is made up as follows:

2023
2022
£
£


Losses and other deductions
365,387
365,387

Capital gains
(335,308)
(335,308)

Prior year adjustment
(17,075)
(17,075)

13,004
13,004

Page 6

 
HICKEY FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary A share of £1.00
1
1
100 Ordinary C shares of £1.00 each
100
100
10,836,966 Redeemable B preference shares of £1.00 each
10,836,966
10,836,966

10,837,067

10,837,067


The Company has absolute discretion to elect to redeem in whole or part the Redeemable B preference shares.


9.


Related party transactions

Included within other creditors is an amount of £1,462,300 (2022 - £1,462,300) owed to the family members of the director shareholder by way of a loan. This amount is unsecured and repayable on demand.


10.


Controlling party

The director do not consider there to be an ultimate controlling party.

 
Page 7