Caseware UK (AP4) 2022.0.179 2022.0.179 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-21falseNo description of principal activity20truetruefalse 14185868 2022-06-20 14185868 2022-06-21 2023-11-30 14185868 2021-12-01 2022-06-20 14185868 2023-11-30 14185868 c:Director1 2022-06-21 2023-11-30 14185868 c:Director2 2022-06-21 2023-11-30 14185868 d:PlantMachinery 2022-06-21 2023-11-30 14185868 d:PlantMachinery 2023-11-30 14185868 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-21 2023-11-30 14185868 d:MotorVehicles 2022-06-21 2023-11-30 14185868 d:MotorVehicles 2023-11-30 14185868 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-21 2023-11-30 14185868 d:FurnitureFittings 2022-06-21 2023-11-30 14185868 d:FurnitureFittings 2023-11-30 14185868 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-21 2023-11-30 14185868 d:OwnedOrFreeholdAssets 2022-06-21 2023-11-30 14185868 d:FreeholdInvestmentProperty 2022-06-21 2023-11-30 14185868 d:FreeholdInvestmentProperty 2023-11-30 14185868 d:CurrentFinancialInstruments 2023-11-30 14185868 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14185868 d:ShareCapital 2023-11-30 14185868 d:RetainedEarningsAccumulatedLosses 2023-11-30 14185868 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 14185868 c:FRS102 2022-06-21 2023-11-30 14185868 c:AuditExempt-NoAccountantsReport 2022-06-21 2023-11-30 14185868 c:FullAccounts 2022-06-21 2023-11-30 14185868 c:PrivateLimitedCompanyLtd 2022-06-21 2023-11-30 14185868 2 2022-06-21 2023-11-30 14185868 e:PoundSterling 2022-06-21 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 14185868









HOUSE SELECT LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD 21 JUNE 2022 TO 30 NOVEMBER 2023

 
HOUSE SELECT LTD
REGISTERED NUMBER: 14185868

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,558

Investment property
 5 
819,171

  
820,729

Current assets
  

Debtors: amounts falling due within one year
 6 
1,128

Cash at bank and in hand
  
311

  
1,439

Creditors: amounts falling due within one year
 7 
(818,812)

Net current (liabilities)/assets
  
 
 
(817,373)

Total assets less current liabilities
  
3,356

Provisions for liabilities
  

Deferred tax
 8 
(814)

  
 
 
(814)

Net assets
  
2,542


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
2,442

  
2,542


Page 1

 
HOUSE SELECT LTD
REGISTERED NUMBER: 14185868

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 period 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 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 on 13 March 2024.




S R Freeman
G Sparkes
Director
Director

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

Page 2

 
HOUSE SELECT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

House Select Ltd is a limited company incorporated in England and Wales, with a company registration
number of 14185868. The address of its registered office is Anglia House, 6 Central Avenue, Norwich, Norfolk, NR7 0HR.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements with the support of loans from associated companies. In the opinion of the directors, this support will continue to be available and adequate for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the directors' support.

 
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.

 
2.4

Interest income

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

Page 3

 
HOUSE SELECT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.6

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:

Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
20%

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.

 
2.7

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

 
HOUSE SELECT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 5

 
HOUSE SELECT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


Additions
824
2,200
908
3,932


Disposals
-
(2,200)
-
(2,200)



At 30 November 2023

824
-
908
1,732



Depreciation


Charge for the period on owned assets
90
-
84
174



At 30 November 2023

90
-
84
174



Net book value



At 30 November 2023
734
-
824
1,558


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
819,171



At 30 November 2023
819,171

Investment properties are measured at cost less accumulated depreciation.
The directors consider the carrying value to not materially differ from market value.







Page 6

 
HOUSE SELECT LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Debtors

2023
£


Prepayments and accrued income
1,128

1,128



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
1,962

Amounts owed to associated companies
813,447

Corporation tax
425

Other creditors
1,178

Accruals and deferred income
1,800

818,812



8.


Deferred taxation



2023


£






Charged to profit or loss
814



At end of year
814

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(814)

(814)


9.


Related party transactions

Included within creditors is a loan of £813,447 from an associated company in which Mr S Freeman is a director.  This loan is interest free, repayable on demand and is unsecured. 


Page 7