Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true2022-07-01falseNo description of principal activity31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03183551 2022-07-01 2023-06-30 03183551 2021-07-01 2022-06-30 03183551 2023-06-30 03183551 2022-06-30 03183551 2021-07-01 03183551 c:Director1 2022-07-01 2023-06-30 03183551 d:MotorVehicles 2022-07-01 2023-06-30 03183551 d:FurnitureFittings 2023-06-30 03183551 d:FurnitureFittings 2022-06-30 03183551 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03183551 d:CurrentFinancialInstruments 2023-06-30 03183551 d:CurrentFinancialInstruments 2022-06-30 03183551 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03183551 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 03183551 d:ShareCapital 2023-06-30 03183551 d:ShareCapital 2021-07-01 2022-06-30 03183551 d:ShareCapital 2022-06-30 03183551 d:ShareCapital 2021-07-01 03183551 d:RevaluationReserve 2022-07-01 2023-06-30 03183551 d:RevaluationReserve 2023-06-30 03183551 d:RevaluationReserve 2021-07-01 2022-06-30 03183551 d:RevaluationReserve 2022-06-30 03183551 d:RevaluationReserve 2021-07-01 03183551 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 03183551 d:RetainedEarningsAccumulatedLosses 2023-06-30 03183551 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 03183551 d:RetainedEarningsAccumulatedLosses 2022-06-30 03183551 d:RetainedEarningsAccumulatedLosses 2021-07-01 03183551 c:FRS102 2022-07-01 2023-06-30 03183551 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 03183551 c:FullAccounts 2022-07-01 2023-06-30 03183551 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03183551 d:OtherDeferredTax 2023-06-30 03183551 d:OtherDeferredTax 2022-06-30 03183551 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

03183551







J H W HODSON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2023
































J H W HODSON LIMITED
REGISTERED NUMBER:03183551

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
467
668

Investments
 5 
8,794,383
5,449,076

  
8,794,850
5,449,744

Current assets
  

Debtors due within 1 year
 6 
1,615
1,210

Bank and cash balances
  
3,925,265
307,824

  
3,926,880
309,034

Creditors: amounts falling due within one year
 7 
(6,016,544)
(51,010)

Net current (liabilities)/assets
  
 
 
(2,089,664)
 
 
258,024

Total assets less current liabilities
  
6,705,186
5,707,768

Provisions for liabilities
  

Deferred tax
 8 
(374,884)
(199,416)

  
 
 
(374,884)
 
 
(199,416)

Net assets
  
6,330,302
5,508,352


Capital and reserves
  

Called up share capital 
  
105
105

Fair value reserve
  
-
1,024,889

Profit and loss account
  
6,330,197
4,483,358

  
6,330,302
5,508,352


Page 1

J H W HODSON LIMITED
REGISTERED NUMBER:03183551
    
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 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

J H W HODSON LIMITED

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


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

£
£
£
£


At 1 July 2021
100
1,396,784
4,129,715
5,526,599



Loss for the year
-
-
(18,252)
(18,252)

Shares issued during the year
5
-
-
5

Transfer to/from profit and loss account
-
(371,895)
371,895
-



At 1 July 2022
105
1,024,889
4,483,358
5,508,352



Profit for the year
-
-
821,950
821,950

Transfer to/from profit and loss account
-
(1,024,889)
1,024,889
-


At 30 June 2023
105
-
6,330,197
6,330,302


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

Page 3

J H W HODSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

J H W Hodson Limited (the 'Company') is a limited company domiciled and incorporated in England and Wales.
The address of its principal place of business and registered office is Higham Farm, Bells Yew Green, Tunbridge Wells, Kent TN3 9AU.

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 judgment 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 directors despite the net current liability position at the year end. The directors have indicated their intention to continue to support the trading activities of the company for the foreseeable future. 

 
2.3

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.

Page 4

J H W HODSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

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.
Turnover represents amounts receivable from dividends and interest declared on listed investments held.

 
2.5

 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. 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:

Fixtures and fittings
-
30%

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 5

J H W HODSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, 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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 1).

Page 6

J H W HODSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 July 2022
7,191



At 30 June 2023

7,191



Depreciation


At 1 July 2022
6,523


Charge for year
201



At 30 June 2023

6,724



Net book value



At 30 June 2023
467



At 30 June 2022
668


5.


Fixed asset investments





Listed investments

£



Valuation


At 1 July 2022
5,449,076


Additions
3,896,669


Disposals
(1,112,394)


Revaluations
561,032



At 30 June 2023
8,794,383




Page 7

J H W HODSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,242
819

Prepayments and accrued income
373
391

1,615
1,210



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
5,758
37,214

Other taxation and social security
2,277
2,192

Other creditors
6,001,309
5,064

Accruals
7,200
6,540

6,016,544
51,010


Within Other creditors is £6,001,309 (2022: £5,064) owed to directors. This amount is interest free and repayable on demand. 


8.


Deferred taxation




2023


£






At beginning of year
(199,416)


Charged to profit or loss
(175,468)



At end of year
(374,884)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value movement
374,884
199,416


9.


Deed of Charge

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

 
Page 8