Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30No description of principal activityfalse22022-01-012falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11104868 2022-01-01 2023-04-30 11104868 2021-01-01 2021-12-31 11104868 2023-04-30 11104868 2021-12-31 11104868 c:Director1 2022-01-01 2023-04-30 11104868 d:CurrentFinancialInstruments 2023-04-30 11104868 d:CurrentFinancialInstruments 2021-12-31 11104868 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11104868 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11104868 d:ShareCapital 2023-04-30 11104868 d:ShareCapital 2021-12-31 11104868 d:RevaluationReserve 2023-04-30 11104868 d:RevaluationReserve 2021-12-31 11104868 d:MergerReserve 2023-04-30 11104868 d:MergerReserve 2021-12-31 11104868 d:RetainedEarningsAccumulatedLosses 2023-04-30 11104868 d:RetainedEarningsAccumulatedLosses 2021-12-31 11104868 c:FRS102 2022-01-01 2023-04-30 11104868 c:AuditExempt-NoAccountantsReport 2022-01-01 2023-04-30 11104868 c:FullAccounts 2022-01-01 2023-04-30 11104868 c:PrivateLimitedCompanyLtd 2022-01-01 2023-04-30 11104868 5 2022-01-01 2023-04-30 11104868 6 2022-01-01 2023-04-30 11104868 e:PoundSterling 2022-01-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 11104868









PREMIUM SUPPORT (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
PREMIUM SUPPORT (HOLDINGS) LIMITED
REGISTERED NUMBER: 11104868

BALANCE SHEET
AS AT 30 APRIL 2023

30 April
31 December
2023
2021
Note
£
£

Fixed assets
  

Investments
 4 
450,000
4,961,935

  
450,000
4,961,935

Current assets
  

Debtors: amounts falling due within one year
 5 
4,757,922
93,549

Cash at bank and in hand
 6 
2,000
2,000

  
4,759,922
95,549

Creditors: amounts falling due within one year
 7 
(109,550)
(1,050,156)

Net current assets/(liabilities)
  
 
 
4,650,372
 
 
(954,607)

Total assets less current liabilities
  
5,100,372
4,007,328

  

Net assets
  
5,100,372
4,007,328


Capital and reserves
  

Called up share capital 
  
5,002
2,501

Revaluation reserve
  
66,618
66,618

Merger reserve
  
2,249,499
2,249,499

Profit and loss account
  
2,779,253
1,688,710

  
5,100,372
4,007,328


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 period 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 on
Page 1

 
PREMIUM SUPPORT (HOLDINGS) LIMITED
REGISTERED NUMBER: 11104868
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

1 August 2023.




M Garrett
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PREMIUM SUPPORT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Premium Support (Holdings) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The principal activity of the company is 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Taxation

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.

 
2.4

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 balance sheet 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.

Page 3

 
PREMIUM SUPPORT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

 
2.6

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2021 - 2).

Page 4

 
PREMIUM SUPPORT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Fixed asset investments








Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 January 2022
4,511,935
450,000
4,961,935


Disposals
(4,511,935)
-
(4,511,935)



At 30 April 2023
-
450,000
450,000





5.


Debtors

30 April
31 December
2023
2021
£
£


Amounts owed by group undertakings
4,614,389
-

Other debtors
143,533
93,549

4,757,922
93,549



6.


Cash and cash equivalents

30 April
31 December
2023
2021
£
£

Cash at bank and in hand
2,000
2,000

2,000
2,000


Page 5

 
PREMIUM SUPPORT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

30 April
31 December
2023
2021
£
£

Amounts owed to group undertakings
-
1,040,556

Corporation tax
9,497
9,500

Other creditors
100,053
100

109,550
1,050,156


Page 6