Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30Holding companyfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-0100truetrue 12997225 2022-07-01 2023-06-30 12997225 2021-07-01 2022-06-30 12997225 2023-06-30 12997225 2022-06-30 12997225 c:Director2 2022-07-01 2023-06-30 12997225 d:CurrentFinancialInstruments 2023-06-30 12997225 d:CurrentFinancialInstruments 2022-06-30 12997225 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12997225 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12997225 d:ShareCapital 2023-06-30 12997225 d:ShareCapital 2022-06-30 12997225 d:RetainedEarningsAccumulatedLosses 2023-06-30 12997225 d:RetainedEarningsAccumulatedLosses 2022-06-30 12997225 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 12997225 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 12997225 c:FRS102 2022-07-01 2023-06-30 12997225 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12997225 c:FullAccounts 2022-07-01 2023-06-30 12997225 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12997225 2 2022-07-01 2023-06-30 12997225 6 2022-07-01 2023-06-30 12997225 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12997225









ACER HOLDINGS GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
ACER HOLDINGS GROUP LIMITED
REGISTERED NUMBER: 12997225

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
200
200

  
200
200

Current assets
  

Debtors: amounts falling due within one year
 5 
1,614,902
628,243

Cash at bank and in hand
 6 
84,413
71,618

  
1,699,315
699,861

Creditors: amounts falling due within one year
 7 
(366,937)
(699,861)

Net current assets
  
 
 
1,332,378
 
 
-

Total assets less current liabilities
  
1,332,578
200

  

Net assets
  
1,332,578
200


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,332,378
-

  
1,332,578
200


Page 1

 
ACER HOLDINGS GROUP LIMITED
REGISTERED NUMBER: 12997225
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 15 March 2024.




................................................
Keith Bailiff
Director

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

Page 2

 
ACER HOLDINGS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Acer Holdings Group Limited is a private company, incorporated in England and Wales, limited by its share capital. The principal activity of the Company was that of a holdings company.

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

Interest income

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

 
2.3

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

Page 3

 
ACER HOLDINGS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
200



At 30 June 2023
200




Page 4

 
ACER HOLDINGS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
1,614,902
559,900

Other debtors
-
68,343

1,614,902
628,243



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
84,413
71,618

84,413
71,618



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to joint ventures
-
144,478

Corporation tax
60
-

Other creditors
365,677
554,183

Accruals and deferred income
1,200
1,200

366,937
699,861



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
84,413
71,618




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 5

 
ACER HOLDINGS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Related party transactions

The directors' Keith Bailiff, Sam Bailiff and Ian Bailiff are all directors in Acer Renovations Limited, Acer Lets Limited and Acer Asset Investments Limited.
During the year the Company made net transactions of £1,1796,146 (2022 - £144,478) with Acer Renovations Limited. At the year end of the year £Nil was outstanding (2022 - £144,478).
During the year the Company made net transactions of £5,000 (2022 - £Nil) with Acer Lets Limited. At the end of the year £5,000 (2022 - £Nil) was outstanding.
During the year the Company provided a loan of £1,050,000 (2022 -£500,000) to Acer Investments Limited. At the year end £1,609,900 (2022 - £559,900) was oustanding.


10.


Controlling party

There is no overall controlling party. 

 
Page 6