Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31Holding company2022-08-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05822926 2022-08-01 2023-07-31 05822926 2021-08-01 2022-07-31 05822926 2023-07-31 05822926 2022-07-31 05822926 2021-08-01 05822926 c:CompanySecretary1 2022-08-01 2023-07-31 05822926 c:Director1 2022-08-01 2023-07-31 05822926 c:Director2 2022-08-01 2023-07-31 05822926 c:RegisteredOffice 2022-08-01 2023-07-31 05822926 d:Buildings 2022-08-01 2023-07-31 05822926 d:Buildings 2023-07-31 05822926 d:Buildings 2022-07-31 05822926 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05822926 d:FurnitureFittings 2022-08-01 2023-07-31 05822926 d:FurnitureFittings 2023-07-31 05822926 d:FurnitureFittings 2022-07-31 05822926 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05822926 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05822926 d:CurrentFinancialInstruments 2023-07-31 05822926 d:CurrentFinancialInstruments 2022-07-31 05822926 d:Non-currentFinancialInstruments 2023-07-31 05822926 d:Non-currentFinancialInstruments 2022-07-31 05822926 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05822926 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05822926 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05822926 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 05822926 d:ShareCapital 2022-08-01 2023-07-31 05822926 d:ShareCapital 2023-07-31 05822926 d:ShareCapital 2021-08-01 2022-07-31 05822926 d:ShareCapital 2022-07-31 05822926 d:ShareCapital 2021-08-01 05822926 d:RevaluationReserve 2022-08-01 2023-07-31 05822926 d:RevaluationReserve 2023-07-31 05822926 d:RevaluationReserve 2021-08-01 2022-07-31 05822926 d:RevaluationReserve 2022-07-31 05822926 d:RevaluationReserve 2021-08-01 05822926 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 05822926 d:RetainedEarningsAccumulatedLosses 2023-07-31 05822926 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 05822926 d:RetainedEarningsAccumulatedLosses 2022-07-31 05822926 d:RetainedEarningsAccumulatedLosses 2021-08-01 05822926 c:FRS102 2022-08-01 2023-07-31 05822926 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05822926 c:FullAccounts 2022-08-01 2023-07-31 05822926 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05822926 2 2022-08-01 2023-07-31 05822926 5 2022-08-01 2023-07-31 05822926 6 2022-08-01 2023-07-31 05822926 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 05822926









D.P. COLD PLANING (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Statement of Changes in Equity
 
4
Notes to the Financial Statements
 
5 - 14


 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
COMPANY INFORMATION


Directors
A Prescott 
R Prescott 




Company secretary
A Prescott



Registered number
05822926



Registered office
Burnden Works
Burnden Road

Bolton

BL3 2RB




Page 1

 
D.P. COLD PLANING (HOLDINGS) LIMITED
REGISTERED NUMBER: 05822926

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
787,259
1,185,189

Investments
 6 
5,000
5,000

  
792,259
1,190,189

Current assets
  

Debtors: amounts falling due within one year
 7 
5,861
3,614

Cash at bank and in hand
  
37,873
2,895

  
43,734
6,509

Creditors: amounts falling due within one year
 8 
(399,815)
(420,510)

Net current liabilities
  
 
 
(356,081)
 
 
(414,001)

Total assets less current liabilities
  
436,178
776,188

Creditors: amounts falling due after more than one year
 9 
(393,864)
(592,564)

Provisions for liabilities
  

Deferred tax
  
-
(32,035)

  
 
 
-
 
 
(32,035)

Net assets
  
42,314
151,589


Capital and reserves
  

Called up share capital 
  
5,100
5,100

Revaluation reserve
 10 
-
146,137

Profit and loss account
 10 
37,214
352

  
42,314
151,589


Page 2

 
D.P. COLD PLANING (HOLDINGS) LIMITED
REGISTERED NUMBER: 05822926
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 comprehensive income 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: 




A Prescott
Director

Date: 16 April 2024

The notes on pages 5 to 14 form part of these financial statements.

Page 3

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1st August 2021
5,100
146,137
5,682
156,919


Comprehensive income for the year

Profit for the year

-
-
222,967
222,967


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
222,967
222,967


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(228,297)
(228,297)


Total transactions with owners
-
-
(228,297)
(228,297)



At 1st August 2022
5,100
146,137
352
151,589


Comprehensive income for the year

Profit for the year

-
-
145,725
145,725


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
145,725
145,725


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(255,000)
(255,000)

Transfer to/from profit and loss account
-
(146,137)
146,137
-


Total transactions with owners
-
(146,137)
(108,863)
(255,000)


At 31st July 2023
5,100
-
37,214
42,314


The notes on pages 5 to 14 form part of these financial statements.

Page 4

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales (registered number 05822926). The address of the registered office is Burnden Works, Burnden Road, Bolton, England, BL3 2RB.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are prepared in sterling, which is the functional currency of the entity.

The following principal accounting policies have been applied:

 
2.2

Consolidation

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

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

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Employee benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

2.Accounting policies (continued)

 
2.6

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 reporting 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 reporting 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 reporting date.

 
2.7

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
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.

Page 6

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

2.Accounting policies (continued)

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.9

Valuation of investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 7

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

2.Accounting policies (continued)

 
2.14

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
 

Page 8

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 9

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

2.Accounting policies (continued)

 
2.15

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.

  
2.16

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax from the proceeds.
Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Page 10

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods.
Impairment of debtors 
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Investments
Investments in subsidiaries are valued at cost. The directors annually consider the need for any impairment and provide as appropriate.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 11

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

5.


Tangible fixed assets





Land and buildings
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2022
1,133,339
69,770
1,203,109


Disposals
(384,492)
(10,640)
(395,132)



At 31st July 2023

748,847
59,130
807,977



Depreciation


At 1 August 2022
-
17,920
17,920


Charge for the year on owned assets
-
10,370
10,370


Disposals
-
(7,572)
(7,572)



At 31st July 2023

-
20,718
20,718



Net book value



At 31st July 2023
748,847
38,412
787,259



At 31st July 2022
1,133,339
51,850
1,185,189


6.


Fixed asset investments





Shares in group undertakings

£



Cost or valuation


At 1 August 2022
5,000



At 31st July 2023
5,000




Page 12

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

7.


Debtors

2023
2022
£
£


Trade debtors
1,020
3,614

Other debtors
4,841
-

5,861
3,614



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
13,325
43,032

Trade creditors
1,273
4,016

Amounts owed to group undertakings
354,435
357,540

Other taxation and social security
20,039
7,729

Other creditors
10,743
8,193

399,815
420,510


Bank loans of £13,325 (2022 - £43,032) are secured via a fixed and floating charge over the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
393,864
592,564

393,864
592,564


Bank loans of £393,864 (2022 - £592,564) are secured via a fixed and floating charge over the assets of the company.

Page 13

 
D.P. COLD PLANING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

10.


Reserves

Revaluation reserve

The revaluation reserve arose on including freehold property at deemed cost on transition to FRS 102, being the latest valuation at that date. The excess of depreciation on the revalued amount over historic cost is transferred to profit and loss reserve each year. The balance of this reserve is non distributable.

Profit and loss account

Profit and loss account - This reserve records retained earnings and accumulated losses.

 
Page 14