Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-31false2023-01-01No description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06409381 2023-01-01 2023-12-31 06409381 2022-01-01 2022-12-31 06409381 2023-12-31 06409381 2022-12-31 06409381 c:Director4 2023-01-01 2023-12-31 06409381 c:Director5 2023-01-01 2023-12-31 06409381 c:Director6 2023-01-01 2023-12-31 06409381 c:Director7 2023-01-01 2023-12-31 06409381 c:RegisteredOffice 2023-01-01 2023-12-31 06409381 d:CurrentFinancialInstruments 2023-12-31 06409381 d:CurrentFinancialInstruments 2022-12-31 06409381 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06409381 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06409381 d:ShareCapital 2023-12-31 06409381 d:ShareCapital 2022-12-31 06409381 d:RetainedEarningsAccumulatedLosses 2023-12-31 06409381 d:RetainedEarningsAccumulatedLosses 2022-12-31 06409381 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06409381 c:OrdinaryShareClass1 2023-12-31 06409381 c:OrdinaryShareClass1 2022-12-31 06409381 c:FRS102 2023-01-01 2023-12-31 06409381 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06409381 c:FullAccounts 2023-01-01 2023-12-31 06409381 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06409381 2 2023-01-01 2023-12-31 06409381 6 2023-01-01 2023-12-31 06409381 1 2023-12-31 06409381 2 2023-12-31 06409381 1 2022-12-31 06409381 2 2022-12-31 06409381 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06409381










SEWTON LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
SEWTON LIMITED
 
 
Company Information


Directors
A L H Jutteau 
B J G Jutteau 
V B F Jutteau 
H F B Jutteau 




Registered number
06409381



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
SEWTON LIMITED
Registered number: 06409381

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,607,046
1,357,406

  
1,607,046
1,357,406

Current assets
  

Cash at bank and in hand
  
2,272
10,398

  
2,272
10,398

Creditors: amounts falling due within one year
 5 
(204,616)
(203,616)

Net current liabilities
  
 
 
(202,344)
 
 
(193,218)

Total assets less current liabilities
  
1,404,702
1,164,188

  

Net assets
  
1,404,702
1,164,188


Capital and reserves
  

Called up share capital 
 6 
5,350
5,350

Profit and loss account
  
1,399,352
1,158,838

  
1,404,702
1,164,188


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 Company's financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account 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 8 March 2024.

A L H Jutteau
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
SEWTON LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Sewton Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales, registration number 06409381. The registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 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

Valuation of investments

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 Profit and loss account 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.

 
2.3

Associates

Associates and Joint Ventures are held at cost less impairment.

 
2.4

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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price.

Page 2

 
SEWTON LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional currency is EUR. This differs from the presentational currency which 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.

 
2.7

Interest income

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

 
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.

 
2.9

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.

Page 3

 
SEWTON LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.10

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.

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.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
4
4

Page 4

 
SEWTON LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Fixed asset investments





Investments in associates
Listed investments
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 1 January 2023
35,959
1,265,484
152,342
1,453,785


Additions
-
607,875
-
607,875


Disposals
-
(556,566)
-
(556,566)


Revaluations
-
211,627
-
211,627



At 31 December 2023

35,959
1,528,420
152,342
1,716,721



Impairment


At 1 January 2023
-
-
96,379
96,379


Charge for the period
-
-
13,296
13,296



At 31 December 2023

-
-
109,675
109,675



Net book value



At 31 December 2023
35,959
1,528,420
42,667
1,607,046



At 31 December 2022
35,959
1,265,484
55,963
1,357,406


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
199,116
199,116

Accruals
5,500
4,500

204,616
203,616


Page 5

 
SEWTON LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,350 (2022 - 5,350) Ordinary shares of £1.00 each
5,350
5,350



7.Other financial commitments

In the prior year the company entered into a first demand guarantee with the bank for €70,000 principal plus interest and other costs, valid until 31 March 2023. Any liability arising from this was secured by the listed investments held by the company.


8.


Related party transactions

During the year the directors operated a loan account with the company. As at 31 December 2023 the company owed the directors £199,116 (2022: £199,116). The amount payable is interest free and repayable on demand.

 
Page 6