Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityfalse2023-01-0100truetrue 04306027 2023-01-01 2023-12-31 04306027 2022-01-01 2022-12-31 04306027 2023-12-31 04306027 2022-12-31 04306027 c:Director1 2023-01-01 2023-12-31 04306027 d:ComputerEquipment 2023-01-01 2023-12-31 04306027 d:ComputerEquipment 2023-12-31 04306027 d:ComputerEquipment 2022-12-31 04306027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04306027 d:CurrentFinancialInstruments 2023-12-31 04306027 d:CurrentFinancialInstruments 2022-12-31 04306027 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04306027 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04306027 d:ShareCapital 2023-12-31 04306027 d:ShareCapital 2022-12-31 04306027 d:RetainedEarningsAccumulatedLosses 2023-12-31 04306027 d:RetainedEarningsAccumulatedLosses 2022-12-31 04306027 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04306027 c:OrdinaryShareClass1 2023-12-31 04306027 c:OrdinaryShareClass1 2022-12-31 04306027 c:FRS102 2023-01-01 2023-12-31 04306027 c:Audited 2023-01-01 2023-12-31 04306027 c:FullAccounts 2023-01-01 2023-12-31 04306027 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04306027 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04306027









ERIC HUNTER LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ERIC HUNTER LIMITED
REGISTERED NUMBER: 04306027

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
205
228

  
205
228

Current assets
  

Debtors: amounts falling due within one year
 5 
12,945
11,194

Cash at bank and in hand
 6 
2,441
279

  
15,386
11,473

Creditors: amounts falling due within one year
 7 
(955,443)
(955,882)

Net current liabilities
  
 
 
(940,057)
 
 
(944,409)

Total assets less current liabilities
  
(939,852)
(944,181)

  

Net liabilities
  
(939,852)
(944,181)


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
(940,852)
(945,181)

  
(939,852)
(944,181)


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 8 April 2024.




M Willerval
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Eric Hunter Limited is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registered number is 04306027. The registered address is 18a/20 King Street, Maidenhead, Berkshire, United Kingdom, SL6 1EF.

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

Going concern

As at 31 December 2023 the company had net liabilities totalling £939,852 (2022: £944,181). The company participates in group centralised treasury arrangements and shares banking agreements with its parent and fellow subsidiaries.
The director, having assessed the responses of the group to which it belongs, has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the group to continue as a going concern or its ability to continue with current banking arrangements.
On the basis of this assessment of the company's financial position and the support provided by the group, the director of Eric Hunter Limited has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Therefore the financial statements have been prepared on the going concern basis. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency 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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
 
Page 2

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.3
Foreign currency translation (continued)


Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
10%
reducing balance

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.

 
2.5

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.

 
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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial
Page 3

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 4

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
972



At 31 December 2023

972



Depreciation


At 1 January 2023
744


Charge for the year on owned assets
23



At 31 December 2023

767



Net book value



At 31 December 2023
205



At 31 December 2022
228


5.


Debtors

2023
2022
£
£


Other debtors
12,281
10,589

Prepayments and accrued income
664
605

12,945
11,194


Other debtors includes an amount of £10,000 held as security by Lloyds TSB Bank PLC in relation to a fixed first charge created on 10 August 2012. This charge relates to all monies due or to become due from the company to Lloyds TSB Bank PLC, on the company's bank account with Lloyds TSB Bank PLC. 

Page 6

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,441
279

2,441
279



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25
5

Amounts owed to group undertakings
950,635
951,459

Accruals and deferred income
4,783
4,418

955,443
955,882



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Related party transactions

At year end, included in amounts owed to group undertakings, is the amount of £950,635 (2022: £951,459) owed to Societe D'Equipment pour L'Environment SAS.

Page 7

 
ERIC HUNTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 8 April 2024 by Daniel Reid (FCA) (Senior statutory auditor) on behalf of Donald Reid Limited.

 
Page 8