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Registered number:  00857557














THE SEFTON GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


 
THE SEFTON GROUP LIMITED
REGISTERED NUMBER: 00857557

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,853
14,863

Investments
  
1,038
1,038

  
14,891
15,901

Current assets
  

Debtors: amounts falling due after more than one year
 5 
25,489
52,609

Debtors: amounts falling due within one year
 5 
7,908
13,119

Cash at bank and in hand
 6 
133,417
115,388

  
166,814
181,116

Creditors: amounts falling due within one year
 7 
(12,169)
(15,721)

Net current assets
  
 
 
154,645
 
 
165,395

Total assets less current liabilities
  
169,536
181,296

Creditors: amounts falling due after more than one year
 8 
(9,397)
(200)

  

Net assets
  
160,139
181,096


Capital and reserves
  

Called up share capital 
  
120,000
120,000

Share premium account
  
32,450
32,450

Profit and loss account
  
7,689
28,646

  
160,139
181,096


Page 1

 
THE SEFTON GROUP LIMITED
REGISTERED NUMBER: 00857557
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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 by: 




................................................
C. M. Ames
Director

Date: 11 April 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE SEFTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 00857557). The address of the registered office is Greenacre Old Quay Lane, Parkgate, Neston, Cheshire, United Kingdom, CH64 6QR.
These financial statements present information about the Company as an individual undertaking. The principal activity of the Company during the year was the management of real estate.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Interest income

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

Page 3

 
THE SEFTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold land and buildings
-
10%
Straight Line
Office equipment
-
25%
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.

Page 4

 
THE SEFTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.7

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 Income and Retained Earnings 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.

 
2.8

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.

 
2.9

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. 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
THE SEFTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
55,076
49,988

Cost of defined contribution scheme
1,431
1,431

56,507
51,419


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


4.


TANGIBLE FIXED ASSETS





S/Term Leasehold Property
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2022
20,564
45,974
66,538


Additions
-
957
957



At 30 September 2023

20,564
46,931
67,495



Depreciation


At 1 October 2022
7,355
44,320
51,675


Charge for the year on owned assets
1,428
539
1,967



At 30 September 2023

8,783
44,859
53,642



Net book value



At 30 September 2023
11,781
2,072
13,853



At 30 September 2022
13,209
1,655
14,864

Page 6

 
THE SEFTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
25,489
52,609

25,489
52,609


2023
2022
£
£

Due within one year

Trade debtors
600
600

Amounts owed by joint ventures and associated undertakings
-
4,323

Other debtors
3,950
3,961

Prepayments and accrued income
3,358
4,235

7,908
13,119



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
133,417
115,388

133,417
115,388



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,472
8,357

Other taxation and social security
1,843
2,510

Other creditors
954
954

Accruals and deferred income
3,900
3,900

12,169
15,721


Page 7

 
THE SEFTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
9,397
200

9,397
200



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,431 (2022 - £1,431). Contributions totalling £Nil (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors


10.


Related party transactions

Included in debtors and creditors are the following amounts due from / (to) related parties at the balance sheet date:


2023
2022
£
£

C. M. Ames
(954)
(954)
Sefton Securities Limited
(9,197)
29,172
Sefton Land Limited
25,489
23,437

C. M. Ames is a director.
Sefton Securities Limited and Sefton Land Limited are subsidiary companies.

 
Page 8