Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3022022-07-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07814226 2022-07-01 2023-06-30 07814226 2021-07-01 2022-06-30 07814226 2023-06-30 07814226 2022-06-30 07814226 c:Director2 2022-07-01 2023-06-30 07814226 d:CurrentFinancialInstruments 2023-06-30 07814226 d:CurrentFinancialInstruments 2022-06-30 07814226 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07814226 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07814226 d:ShareCapital 2023-06-30 07814226 d:ShareCapital 2022-06-30 07814226 d:SharePremium 2023-06-30 07814226 d:SharePremium 2022-06-30 07814226 d:RetainedEarningsAccumulatedLosses 2023-06-30 07814226 d:RetainedEarningsAccumulatedLosses 2022-06-30 07814226 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 07814226 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 07814226 c:FRS102 2022-07-01 2023-06-30 07814226 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07814226 c:FullAccounts 2022-07-01 2023-06-30 07814226 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07814226 2 2022-07-01 2023-06-30 07814226 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07814226









REPLACEMENT VEHICLES HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
REPLACEMENT VEHICLES HOLDINGS LIMITED
REGISTERED NUMBER: 07814226

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,620,000
1,620,000

  
1,620,000
1,620,000

Current assets
  

Debtors: amounts falling due within one year
 5 
148,808
160,347

Cash at bank and in hand
 6 
1,395
1,395

  
150,203
161,742

Creditors: amounts falling due within one year
 7 
(1,637,093)
(1,636,582)

Net current liabilities
  
 
 
(1,486,890)
 
 
(1,474,840)

Total assets less current liabilities
  
133,110
145,160

  

Net assets
  
133,110
145,160


Capital and reserves
  

Called up share capital 
  
172
172

Share premium account
  
179,928
179,928

Profit and loss account
  
(46,990)
(34,940)

  
133,110
145,160


Page 1

 
REPLACEMENT VEHICLES HOLDINGS LIMITED
REGISTERED NUMBER: 07814226
    
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 on 9 February 2024.



................................................
J B Thorne
Director

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

Page 2

 
REPLACEMENT VEHICLES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Replacement Vehicles Holdings Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom with a registered number 07814226. The address of the registered office is 9 Blenheim Court, Brook Way, Leatherhead, Surrey, England, KT22 7NA. The principal activity of the company is 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 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.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest pound Sterling.

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

Page 3

 
REPLACEMENT VEHICLES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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 directors, during the year was 2 (2022 - 2).

Page 4

 
REPLACEMENT VEHICLES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
2,501,000



At 30 June 2023

2,501,000



Impairment


At 1 July 2022
881,000



At 30 June 2023

881,000



Net book value



At 30 June 2023
1,620,000



At 30 June 2022
1,620,000


5.


Debtors

2023
2022
£
£


Other debtors
148,808
160,347

148,808
160,347



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,395
1,395

1,395
1,395


Page 5

 
REPLACEMENT VEHICLES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,035,396
999,510

Corporation tax
750
-

Other creditors
597,947
637,072

Accruals and deferred income
3,000
-

1,637,093
1,636,582



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,395
1,395




Financial assets measured at fair value through profit or loss comprise cash at hand.


9.


Controlling party

The company is controlled by J B Thorne, director and majority shareholder.

 
Page 6