Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10267337 2022-07-01 2023-06-30 10267337 2021-07-01 2022-06-30 10267337 2023-06-30 10267337 2022-06-30 10267337 2021-07-01 10267337 c:Director1 2022-07-01 2023-06-30 10267337 d:CurrentFinancialInstruments 2023-06-30 10267337 d:CurrentFinancialInstruments 2022-06-30 10267337 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10267337 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10267337 d:ShareCapital 2023-06-30 10267337 d:ShareCapital 2022-06-30 10267337 d:ShareCapital 2021-07-01 10267337 d:OtherMiscellaneousReserve 2022-07-01 2023-06-30 10267337 d:OtherMiscellaneousReserve 2023-06-30 10267337 d:OtherMiscellaneousReserve 2021-07-01 2022-06-30 10267337 d:OtherMiscellaneousReserve 2022-06-30 10267337 d:OtherMiscellaneousReserve 2021-07-01 10267337 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 10267337 d:RetainedEarningsAccumulatedLosses 2023-06-30 10267337 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 10267337 d:RetainedEarningsAccumulatedLosses 2022-06-30 10267337 d:RetainedEarningsAccumulatedLosses 2021-07-01 10267337 c:FRS102 2022-07-01 2023-06-30 10267337 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10267337 c:FullAccounts 2022-07-01 2023-06-30 10267337 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10267337 d:OtherDeferredTax 2023-06-30 10267337 d:OtherDeferredTax 2022-06-30 10267337 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

10267337







HIGH OAK CAPITAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2023
































HIGH OAK CAPITAL LTD
REGISTERED NUMBER:10267337

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,773,986
1,665,248

Current assets
  

Debtors: amounts falling due within one year
 5 
100
334

Bank and cash balances
  
42,959
27,075

  
43,059
27,409

Creditors: amounts falling due within one year
 6 
(1,016,589)
(1,065,613)

Net current liabilities
  
 
 
(973,530)
 
 
(1,038,204)

Total assets less current liabilities
  
800,456
627,044

Provisions for liabilities
  

Deferred tax
 8 
(126,214)
(105,744)

  
 
 
(126,214)
 
 
(105,744)

Net assets
  
674,242
521,300


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
  
-
331,368

Profit and loss account
  
674,142
189,832

  
674,242
521,300


Page 1

HIGH OAK CAPITAL LTD
REGISTERED NUMBER:10267337
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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: 




R. J. W. Hodson
Director

Date: 2 February 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

HIGH OAK CAPITAL LTD

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2023


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
100
324,771
163,420
488,291



Profit for the year
-
-
33,009
33,009

Transfer to/from profit and loss account
-
6,597
(6,597)
-



At 1 July 2022
100
331,368
189,832
521,300



Profit for the period
-
-
152,942
152,942

Transfer to/from profit and loss account
-
(331,368)
331,368
-


At 30 June 2023
100
-
674,142
674,242


The notes on pages 4 to 8 form part of these financial statements.

Page 3

HIGH OAK CAPITAL LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

High Oak Capital is a limited company incorporated and domiciled in England and Wales.
The address of its registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, TN4 8BS. The principal place of business is Great Cozens Barn, Fanhams Hall Road, Ware, Hertfordshire, SG12 7PU. 

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.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest whole £1.
The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis on the assessment of the director despite the net current liability position at the year end. The director has indicated his intention to continue to support the trading activities of the company for the foreseeable future. 

 
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. 
Turnover represents the amount receivable from dividends.

Page 4

HIGH OAK CAPITAL LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.5

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.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

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

 
2.8

Cash

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

 
2.9

Creditors

Short-term creditors are measured at the transaction price. 

Page 5

HIGH OAK CAPITAL LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

 
2.11

 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. 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 the director, during the period was 1 (2022 - 1).

Page 6

HIGH OAK CAPITAL LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

4.


Fixed asset investments





Listed investments

£



At valuation


At 1 July 2022
1,665,248


Additions
54,817


Disposals
(56,417)


Revaluations
110,338



At 30 June 2023
1,773,986





5.


Debtors

2023
2022
£
£


Other debtors
-
234

Called up share capital not paid
100
100



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4,028
59,669

Other loans
-
1,000,000

Corporation tax
6,106
-

Other creditors
1,000,965
964

Accruals
5,490
4,980

1,016,589
1,065,613


Within Other creditors is £1,000,965 (2022: £1,000,964) owed to the director. This amount is interest free and repayable on demand. 


7.


Deed of Charge

UBS AG hold fixed and floating charges over the assets of the company.

Page 7

HIGH OAK CAPITAL LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

8.


Deferred taxation




2023


£






At beginning of year
(105,744)


Utilised in year
(20,470)



At end of year
(126,214)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value movement
126,214
105,744

 
Page 8