Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-04-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11673403 2022-04-01 2023-09-30 11673403 2021-04-01 2022-03-31 11673403 2023-09-30 11673403 2022-03-31 11673403 c:Director1 2022-04-01 2023-09-30 11673403 c:Director2 2022-04-01 2023-09-30 11673403 d:OfficeEquipment 2022-04-01 2023-09-30 11673403 d:OfficeEquipment 2023-09-30 11673403 d:OfficeEquipment 2022-03-31 11673403 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-09-30 11673403 d:CurrentFinancialInstruments 2023-09-30 11673403 d:CurrentFinancialInstruments 2022-03-31 11673403 d:Non-currentFinancialInstruments 2023-09-30 11673403 d:Non-currentFinancialInstruments 2022-03-31 11673403 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11673403 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11673403 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11673403 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11673403 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 11673403 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 11673403 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 11673403 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 11673403 d:ShareCapital 2023-09-30 11673403 d:ShareCapital 2022-03-31 11673403 d:RetainedEarningsAccumulatedLosses 2023-09-30 11673403 d:RetainedEarningsAccumulatedLosses 2022-03-31 11673403 c:FRS102 2022-04-01 2023-09-30 11673403 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-09-30 11673403 c:FullAccounts 2022-04-01 2023-09-30 11673403 c:PrivateLimitedCompanyLtd 2022-04-01 2023-09-30 11673403 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 11673403 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 11673403 6 2022-04-01 2023-09-30 11673403 e:PoundSterling 2022-04-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 11673403










COLLINS & CLARK GROUP DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
REGISTERED NUMBER: 11673403

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

30 September
31 March
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,873
888

Investments
 6 
330
330

  
2,203
1,218

Current assets
  

Debtors: amounts falling due within one year
 7 
1,198,985
1,076,442

Cash at bank and in hand
 8 
168
9,171

  
1,199,153
1,085,613

Creditors: amounts falling due within one year
 9 
(1,036,939)
(858,152)

Net current assets
  
 
 
162,214
 
 
227,461

Total assets less current liabilities
  
164,417
228,679

Creditors: amounts falling due after more than one year
 10 
(16,764)
(31,411)

Provisions for liabilities
  

Deferred tax
 12 
(468)
(169)

  
 
 
(468)
 
 
(169)

Net assets
  
147,185
197,099


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
146,185
196,099

  
147,185
197,099


Page 1

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
REGISTERED NUMBER: 11673403
    
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 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




................................................
J Collins 
................................................
R Clark
Director
Director


Date: 28 March 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

Collins & Clark Group Developments Limited is a private company limited by shares and incorporated in England and Wales, registration number 11673403. The address of the registered office is 10 Riverside Road, Norwich, NR1 1SQ.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

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.

Page 3

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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.

Page 4

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Office equipment
-
33%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

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.

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.

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.

Page 6

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

3.


Employees




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


        2023
        2022
            No.
            No.







Employees
2
2


4.


Intangible assets















Net book value



At 30 September 2023



At 31 March 2022



Page 7

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 April 2022
1,989


Additions
2,039



At 30 September 2023

4,028



Depreciation


At 1 April 2022
1,101


Charge for the period on owned assets
1,054



At 30 September 2023

2,155



Net book value



At 30 September 2023
1,873



At 31 March 2022
888


6.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
330



At 30 September 2023
330





7.


Debtors

30 September
31 March
2023
2022
Page 8

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

7.Debtors (continued)

£
£


Amounts owed by group undertakings
1,195,972
1,050,045

Other debtors
3,013
26,397

1,198,985
1,076,442



8.


Cash and cash equivalents

30 September
31 March
2023
2022
£
£

Cash at bank and in hand
168
9,171

168
9,171



9.


Creditors: Amounts falling due within one year

30 September
31 March
2023
2022
£
£

Bank loans
10,648
10,648

Other loans
790,479
585,000

Trade creditors
78,782
20,804

Amounts owed to group undertakings
-
147,384

Corporation tax
9,795
20,192

Other creditors
145,485
72,524

Accruals and deferred income
1,750
1,600

1,036,939
858,152


Belvedere Security Limited hold a fixed charge over investments held by the company. 

Page 9

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

10.


Creditors: Amounts falling due after more than one year

30 September
31 March
2023
2022
£
£

Bank loans
16,764
31,411

16,764
31,411



11.


Loans


Analysis of the maturity of loans is given below:


30 September
31 March
2023
2022
£
£

Amounts falling due within one year

Bank loans
10,648
10,648

Other loans
790,479
585,000


801,127
595,648

Amounts falling due 1-2 years

Bank loans
10,648
10,648


10,648
10,648

Amounts falling due 2-5 years

Bank loans
6,115
20,763


6,115
20,763


817,890
627,059


Page 10

 
COLLINS & CLARK GROUP DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

12.


Deferred taxation






2023


£






At beginning of year
(169)


Charged to profit or loss
(299)



At end of year
(468)

The provision for deferred taxation is made up as follows:

30 September
31 March
2023
2022
£
£


Accelerated capital allowances
(468)
(169)

(468)
(169)


13.


Controlling party

The controlling parties are R Clark and Collins Project Holdings Limited by way of owning 50% of the issued share capital each. 

 
Page 11