Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11777492 2022-02-01 2023-01-31 11777492 2021-02-01 2022-01-31 11777492 2023-01-31 11777492 2022-01-31 11777492 c:Director1 2022-02-01 2023-01-31 11777492 d:FurnitureFittings 2022-02-01 2023-01-31 11777492 d:FurnitureFittings 2023-01-31 11777492 d:FurnitureFittings 2022-01-31 11777492 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 11777492 d:FreeholdInvestmentProperty 2023-01-31 11777492 d:FreeholdInvestmentProperty 2022-01-31 11777492 d:FreeholdInvestmentProperty 2 2022-02-01 2023-01-31 11777492 d:CurrentFinancialInstruments 2023-01-31 11777492 d:CurrentFinancialInstruments 2022-01-31 11777492 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11777492 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11777492 d:ShareCapital 2023-01-31 11777492 d:ShareCapital 2022-01-31 11777492 d:RetainedEarningsAccumulatedLosses 2023-01-31 11777492 d:RetainedEarningsAccumulatedLosses 2022-01-31 11777492 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 11777492 d:TaxLossesCarry-forwardsDeferredTax 2022-01-31 11777492 c:OrdinaryShareClass1 2022-02-01 2023-01-31 11777492 c:OrdinaryShareClass1 2023-01-31 11777492 c:OrdinaryShareClass1 2022-01-31 11777492 c:FRS102 2022-02-01 2023-01-31 11777492 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11777492 c:FullAccounts 2022-02-01 2023-01-31 11777492 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11777492









HOWME INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
HOWME INVESTMENTS LIMITED
REGISTERED NUMBER: 11777492

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,377
8,861

Investment property
 5 
2,159,999
2,129,999

  
2,167,376
2,138,860

Current assets
  

Debtors: amounts falling due within one year
 6 
6,084
516,844

Cash at bank and in hand
  
2,130,076
192,632

  
2,136,160
709,476

Creditors: amounts falling due within one year
 7 
(4,779,939)
(3,281,683)

Net current liabilities
  
 
 
(2,643,779)
 
 
(2,572,207)

  

Net liabilities
  
(476,403)
(433,347)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(476,404)
(433,348)

  
(476,403)
(433,347)


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 his 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.

Page 1

 
HOWME INVESTMENTS LIMITED
REGISTERED NUMBER: 11777492
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

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 on 23 January 2024.




M S Rowe
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HOWME INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

HOWME Investments Limited ("the Company") is a private company limited by share, incorporated in England and Wales. Its registered office is Boston House Grove Business Park, Downsview Road, Wantage,Oxfordshire, England, OX12 9FF.

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 director is satisfied that it is appropriate to prepare accounts on a going concern basis as the company retains the support of its parent company to ensure that sufficient funds will be available to support the company’s activities for at least 12 months from the date of approval of these financial statements.

 
2.3

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.

Page 3

 
HOWME INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 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:

Fixtures and fittings
-
33% 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.

 
2.6

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

 
HOWME INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
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.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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 director, during the year was 1 (2022 - 1).

Page 5

 
HOWME INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2022
13,226



At 31 January 2023

13,226



Depreciation


At 1 February 2022
4,365


Charge for the year on owned assets
1,484



At 31 January 2023

5,849



Net book value



At 31 January 2023
7,377



At 31 January 2022
8,861


5.


Investment property


Investment property

£



Valuation


At 1 February 2022
2,129,999


Surplus on revaluation
30,000



At 31 January 2023
2,159,999

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


2023
2022
£
£


Historic cost
2,657,545
2,657,545

Accumulated depreciation and impairments
(527,546)
(527,546)

2,129,999
2,129,999

Page 6

 
HOWME INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
-
10

Amounts owed by group undertakings
-
294,020

Other debtors
-
85,789

Prepayments
6,084
5,139

Deferred taxation
-
131,886

6,084
516,844



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
666
9,870

Amounts owed to group undertakings
4,763,446
-

Corporation tax
12,877
-

Other creditors
-
3,270,493

Accruals
2,950
1,320

4,779,939
3,281,683



8.


Deferred taxation




2023


£






At beginning of year
131,886


Charged to profit or loss
(131,886)



At end of year
-

Page 7

 
HOWME INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
 
8.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
-
131,886

-
131,886


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share share of £1.00
1
1



10.


Related party transactions

At the year end, included within other creditors, is an amount of £4,763,446 (2022 - £900 owed by) owed to its parent company.
At the year end, included within other debtors, are an amounts of £Nil 
(2022 - £293,120) owed by fellow subsidiaries.

 
Page 8