Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-311false2022-06-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08824420 2022-06-01 2023-05-31 08824420 2021-06-01 2022-05-31 08824420 2023-05-31 08824420 2022-05-31 08824420 c:Director1 2022-06-01 2023-05-31 08824420 d:Buildings 2022-06-01 2023-05-31 08824420 d:Buildings 2023-05-31 08824420 d:Buildings 2022-05-31 08824420 d:Buildings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08824420 d:FreeholdInvestmentProperty 2022-06-01 2023-05-31 08824420 d:FreeholdInvestmentProperty 2023-05-31 08824420 d:FreeholdInvestmentProperty 2022-05-31 08824420 d:CurrentFinancialInstruments 2023-05-31 08824420 d:CurrentFinancialInstruments 2022-05-31 08824420 d:Non-currentFinancialInstruments 2023-05-31 08824420 d:Non-currentFinancialInstruments 2022-05-31 08824420 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08824420 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08824420 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08824420 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 08824420 d:ShareCapital 2023-05-31 08824420 d:ShareCapital 2022-05-31 08824420 d:RetainedEarningsAccumulatedLosses 2023-05-31 08824420 d:RetainedEarningsAccumulatedLosses 2022-05-31 08824420 c:FRS102 2022-06-01 2023-05-31 08824420 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08824420 c:FullAccounts 2022-06-01 2023-05-31 08824420 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08824420 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 08824420










ET WHITE & SONS HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
ET WHITE & SONS HOLDINGS LIMITED
REGISTERED NUMBER: 08824420

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
142,750
145,750

Investments
 5 
6,000
6,000

Investment property
 6 
1,110,491
953,072

  
1,259,241
1,104,822

  

Creditors: amounts falling due within one year
 7 
(842,378)
(286,229)

Net current liabilities
  
 
 
(842,378)
 
 
(286,229)

Total assets less current liabilities
  
416,863
818,593

Creditors: amounts falling due after more than one year
 8 
(233,977)
(644,158)

  

Net assets
  
182,886
174,435


Capital and reserves
  

Called up share capital 
  
6,000
6,000

Profit and loss account
  
176,886
168,435

  
182,886
174,435


Page 1

 
ET WHITE & SONS HOLDINGS LIMITED
REGISTERED NUMBER: 08824420
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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 19 February 2024.




E R White
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ET WHITE & SONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

ET White & Sons Holdings Limited is a private Company limited by guarantee, incorporated in England and Wales (registered number: 08824420). Its registered office is Flint House Garage, Calver Slough, Hope Valley, S32 3XH. The principal activity of the Company throughout the year continued to be that of a holding 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 Company's functional and presentation currency is pounds sterling.

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.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
ET WHITE & SONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

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, as follows.

The depreciation rates used are:

Freehold property
-
2% 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.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

Page 4

 
ET WHITE & SONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

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


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2022
150,000



At 31 May 2023

150,000



Depreciation


At 1 June 2022
4,250


Charge for the year on owned assets
3,000



At 31 May 2023

7,250



Net book value



At 31 May 2023
142,750



At 31 May 2022
145,750


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
6,000



At 31 May 2023
6,000




Page 5

 
ET WHITE & SONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
953,072


Additions at cost
157,419



At 31 May 2023
1,110,491

The 2023 valuations were made by the director, on an open market value for existing use basis.





7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
123,463
95,873

Bank loans
564,167
35,829

Trade creditors
(4)
-

Amounts owed to group undertakings
125,960
125,583

Corporation tax
11,530
12,972

Other taxation and social security
10,844
11,094

Other creditors
4,078
4,078

Accruals and deferred income
2,340
800

842,378
286,229


The bank loan is secured by a legal charge over the freehold property.

Page 6

 
ET WHITE & SONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
233,977
644,158


The bank loan is secured by a fixed and floating charge over the freehold property and assets of the Company.
The Company has provided an unlimited guarantee over the bank loans within E.T. White & Sons Limited which is a subsidiary Company.
The bank loan amount falling due after more than 5 years is £215,092.
 

 
Page 7