Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseThe principal activity of the company continued to be that of architectural services.2219truetrue 09896013 2022-04-01 2023-03-31 09896013 2021-04-01 2022-03-31 09896013 2023-03-31 09896013 2022-03-31 09896013 2021-04-01 09896013 c:Director1 2022-04-01 2023-03-31 09896013 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 09896013 d:Buildings d:LongLeaseholdAssets 2023-03-31 09896013 d:Buildings d:LongLeaseholdAssets 2022-03-31 09896013 d:MotorVehicles 2022-04-01 2023-03-31 09896013 d:MotorVehicles 2023-03-31 09896013 d:MotorVehicles 2022-03-31 09896013 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09896013 d:FurnitureFittings 2022-04-01 2023-03-31 09896013 d:FurnitureFittings 2023-03-31 09896013 d:FurnitureFittings 2022-03-31 09896013 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09896013 d:OfficeEquipment 2022-04-01 2023-03-31 09896013 d:OfficeEquipment 2023-03-31 09896013 d:OfficeEquipment 2022-03-31 09896013 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09896013 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09896013 d:CurrentFinancialInstruments 2023-03-31 09896013 d:CurrentFinancialInstruments 2022-03-31 09896013 d:Non-currentFinancialInstruments 2023-03-31 09896013 d:Non-currentFinancialInstruments 2022-03-31 09896013 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09896013 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09896013 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09896013 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09896013 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09896013 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 09896013 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09896013 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09896013 d:ShareCapital 2023-03-31 09896013 d:ShareCapital 2022-03-31 09896013 d:SharePremium 2023-03-31 09896013 d:SharePremium 2022-03-31 09896013 d:RetainedEarningsAccumulatedLosses 2023-03-31 09896013 d:RetainedEarningsAccumulatedLosses 2022-03-31 09896013 c:FRS102 2022-04-01 2023-03-31 09896013 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09896013 c:FullAccounts 2022-04-01 2023-03-31 09896013 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09896013 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09896013 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 09896013 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09896013 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 09896013 2 2022-04-01 2023-03-31 09896013 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09896013 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09896013 d:OtherGroupMember1 d:SettlementLiabilities 2022-04-01 2023-03-31 09896013 d:OtherGroupMember1 d:SettlementLiabilities 2023-03-31 09896013 d:OtherGroupMember1 d:SettlementLiabilities 2022-03-31 iso4217:GBP xbrli:pure

Company Registered Number: 09896013










CURL LA TOURELLE + HEAD LIMITED








UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CURL LA TOURELLE + HEAD LIMITED
REGISTERED NUMBER: 09896013

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,999
40,054

  
58,999
40,054

Current assets
  

Debtors: amounts falling due after more than one year
 5 
22,925
5,000

Debtors: amounts falling due within one year
 5 
432,602
470,794

Cash at bank and in hand
 6 
71,079
1,436

  
526,606
477,230

Creditors: amounts falling due within one year
 7 
(382,275)
(273,506)

Net current assets
  
 
 
144,331
 
 
203,724

Total assets less current liabilities
  
203,330
243,778

Creditors: amounts falling due after more than one year
 8 
(119,533)
(117,460)

Provisions for liabilities
  

Deferred tax
 11 
(459)
-

  
 
 
(459)
 
 
-

Net assets
  
83,338
126,318


Capital and reserves
  

Called up share capital 
  
99
99

Share premium account
  
70,269
70,269

Profit and loss account
  
12,970
55,950

  
83,338
126,318


Page 1

 
CURL LA TOURELLE + HEAD LIMITED
REGISTERED NUMBER: 09896013
    
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 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.

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: 




................................................
Wayne Stuart Head
Director

Date: 18 January 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Curl la Tourelle + Head Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Podium Level Shakespeare Tower, Barbican, London, England, EC2Y 8DR.

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 financial statements are presented in the their functional currency, sterling, and rounded to the
nearest £1.

The following principal accounting policies have been applied:

 
2.2

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

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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:

Short-term leasehold property
-
10 years
Motor vehicles
-
25% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
33% 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. 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.

 
2.5

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.

 
2.6

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.

Page 4

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

Financial instruments are recognised in the Company's Balance Sheet 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.

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.

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

Page 5

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.11

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.12

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.13

Pensions

Defined contribution (pension) plan

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Interest income

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

Page 6

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.15

Borrowing costs

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

 
2.16

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2022 - 19).

Page 7

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
-
42,009
9,822
38,405
90,236


Additions
33,214
-
-
4,738
37,952



At 31 March 2023

33,214
42,009
9,822
43,143
128,188



Depreciation


At 1 April 2022
-
9,627
9,715
30,839
50,181


Charge for the year on owned assets
2,481
10,502
106
5,919
19,008



At 31 March 2023

2,481
20,129
9,821
36,758
69,189



Net book value



At 31 March 2023
30,733
21,880
1
6,385
58,999



At 31 March 2022
-
32,382
107
7,566
40,055

Page 8

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Due from participating interests
22,925
5,000

22,925
5,000


2023
2022
£
£

Due within one year

Trade debtors
73,161
141,114

Due from participating interests
7,975
2,000

Other debtors
22,492
11,774

Prepayments and accrued income
55,616
77,710

Amounts recoverable on long term contracts
273,358
234,906

Deferred taxation
-
3,290

432,602
470,794


The prepayments and accrued income include RDEC of £Nil (R&D tax credit refund claim of £52,650 in 2022), expected to be received post year end. 
Deferred tax debtors of £nil (2022: £3,290) is due after more than one year.


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
71,079
1,436

Less: bank overdrafts
-
(5,855)

71,079
(4,419)


Page 9

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
5,855

Other loans
52,508
50,940

Trade creditors
120,980
53,307

Other taxation and social security
112,830
79,455

Obligations under finance lease and hire purchase contracts
5,459
4,632

Other creditors
16,753
14,653

Accruals and deferred income
73,745
64,664

382,275
273,506



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,665
-

Other loans
83,179
85,311

Net obligations under finance leases and hire purchase contracts
26,689
32,149

119,533
117,460


Page 10

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
52,508
50,940


52,508
50,940

Amounts falling due 1-2 years

Bank loans
9,665
-

Other loans
58,370
85,310


68,035
85,310

Amounts falling due 2-5 years

Other loans
24,809
-


24,809
-


145,352
136,250



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
5,459
4,632

Between 1-5 years
26,689
32,149

32,148
36,781

Page 11

 
CURL LA TOURELLE + HEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
3,290
3,290


Utilised in year
(3,749)
-



At end of year
(459)
3,290

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(459)
3,290

(459)
3,290


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The Company also
contributes to personal pension plans either as employer defined contributions or under a salary sacrifice
scheme. The pension cost charge in the profit and loss account represents contributions payable by the
Company to the fund and amounted to £6,979 (2022: £7,183) for the year. Contributions totalling £1,080 
(2022: £1,482) were payable to pension funds at the balance sheet date and are included in current
liabilities.


13.


Related party transactions

Included in other creditors is £401 (2022: £9,499 due from) due to Wayne Head, the director of the company. Included within debtors re amounts due from participating interests is £30,900 (2022: £7,000)  due from Wayne head. The interest payable on the loan is 2% p.a.


14.


Controlling party

The director Wayne Head is the ultimate controlling party with 100% ownership of the company. 

 
Page 12