Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3112021-10-01falseThe principal activity of the company continued to be that of property management.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08330980 2021-10-01 2023-03-31 08330980 2020-10-01 2021-09-30 08330980 2023-03-31 08330980 2021-09-30 08330980 c:Director1 2021-10-01 2023-03-31 08330980 d:Buildings d:LongLeaseholdAssets 2021-10-01 2023-03-31 08330980 d:Buildings d:ShortLeaseholdAssets 2021-10-01 2023-03-31 08330980 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08330980 d:Buildings d:ShortLeaseholdAssets 2021-09-30 08330980 d:CurrentFinancialInstruments 2023-03-31 08330980 d:CurrentFinancialInstruments 2021-09-30 08330980 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08330980 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 08330980 d:ShareCapital 2023-03-31 08330980 d:ShareCapital 2021-09-30 08330980 d:RetainedEarningsAccumulatedLosses 2023-03-31 08330980 d:RetainedEarningsAccumulatedLosses 2021-09-30 08330980 c:OrdinaryShareClass1 2021-10-01 2023-03-31 08330980 c:OrdinaryShareClass1 2023-03-31 08330980 c:OrdinaryShareClass1 2021-09-30 08330980 c:FRS102 2021-10-01 2023-03-31 08330980 c:AuditExempt-NoAccountantsReport 2021-10-01 2023-03-31 08330980 c:FullAccounts 2021-10-01 2023-03-31 08330980 c:PrivateLimitedCompanyLtd 2021-10-01 2023-03-31 08330980 e:PoundSterling 2021-10-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08330980












SUMMERHOUSE HOLDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
SUMMERHOUSE HOLDINGS LIMITED
REGISTERED NUMBER:08330980

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
956,473
987,707

  
956,473
987,707

Current assets
  

Debtors: amounts falling due within one year
 5 
2,783
1,060

Cash at bank
 6 
3,546
40,721

  
6,329
41,781

Creditors: amounts falling due within one year
 7 
(647,414)
(671,379)

Net current liabilities
  
 
 
(641,085)
 
 
(629,598)

Total assets less current liabilities
  
315,388
358,109

  

Net assets
  
315,388
358,109


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
315,288
358,009

  
315,388
358,109


Page 1

 
SUMMERHOUSE HOLDINGS LIMITED
REGISTERED NUMBER:08330980
    
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 period 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.

The company has opted not to file the profit and loss account 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: 




M H Tillman
Director

Date: 9 February 2024

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

Page 2

 
SUMMERHOUSE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Summerhouse Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 08330980. The registered office address is 18 Bristol Gardens, London, W9 2JQ.

The principal activity of the company continued to be that of property management.
On 20 June 2023, the accounting reference date of the company was extended from 30 September 2022 to 31 March 2023.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

 
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.

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:

Long-term leasehold property
-
50 years straight-line

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

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
SUMMERHOUSE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.

 
2.8

 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.


3.


Employees

The average monthly number of employees, including a director, during the period was 1 (2021 - 1).


4.


Tangible fixed assets







Leasehold property

£



Cost 


At 1 October 2021
1,122,395


Additions
2,492



At 31 March 2023

1,124,887



Depreciation


At 1 October 2021
134,688


Charge for the period
33,726



At 31 March 2023

168,414



Net book value



At 31 March 2023
956,473



At 30 September 2021
987,707

Page 4

 
SUMMERHOUSE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

31 March
30 September
2023
2021
£
£


Other debtors
150
-

Called up share capital not paid
100
100

Prepayments
2,533
960

2,783
1,060



6.


Cash

31 March
30 September
2023
2021
£
£

Cash at bank
3,546
40,721



7.


Creditors: amounts falling due within one year

31 March
30 September
2023
2021
£
£

Trade creditors
2,926
1,859

Amounts owed to connected entities
608,287
632,078

Corporation tax
35,101
32,639

Other taxation and social security
-
4,053

Accruals
1,100
750

647,414
671,379


HSBC Bank PLC holds a negative pledge, charge over the assets of the company in respect of all the amounts due from the company.

8.


Share capital

31 March
30 September
2023
2021
£
£
Allotted, called up and unpaid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100

The shares have one vote each. Each share is entitled to an equal share of the dividend. The shares are not redeemable.

Page 5

 
SUMMERHOUSE HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Contingent liabilities

The company has provided a guarantee for a connected entity. At the period end, a balance of £2,016,393 (2021 - £1,598,310) was due.
The loan is secured over a leasehold property held by the company and bound by an Unlimited Composite Company Guarantee.

10.


Controlling party

The company is under the control of M H Tillman, a director and a majority shareholder of the company.
 
Page 6