Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-313false2023-01-01The principal activity of the company is that of antique dealing.3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00951848 2023-01-01 2023-12-31 00951848 2022-01-01 2022-12-31 00951848 2023-12-31 00951848 2022-12-31 00951848 c:Director1 2023-01-01 2023-12-31 00951848 d:FurnitureFittings 2023-01-01 2023-12-31 00951848 d:FurnitureFittings 2023-12-31 00951848 d:FurnitureFittings 2022-12-31 00951848 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00951848 d:OfficeEquipment 2023-01-01 2023-12-31 00951848 d:OfficeEquipment 2023-12-31 00951848 d:OfficeEquipment 2022-12-31 00951848 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00951848 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00951848 d:CurrentFinancialInstruments 2023-12-31 00951848 d:CurrentFinancialInstruments 2022-12-31 00951848 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00951848 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00951848 d:ShareCapital 2023-12-31 00951848 d:ShareCapital 2022-12-31 00951848 d:SharePremium 2023-12-31 00951848 d:SharePremium 2022-12-31 00951848 d:RetainedEarningsAccumulatedLosses 2023-12-31 00951848 d:RetainedEarningsAccumulatedLosses 2022-12-31 00951848 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 00951848 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 00951848 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00951848 c:OrdinaryShareClass1 2023-12-31 00951848 c:OrdinaryShareClass1 2022-12-31 00951848 c:OrdinaryShareClass2 2023-01-01 2023-12-31 00951848 c:OrdinaryShareClass2 2023-12-31 00951848 c:OrdinaryShareClass2 2022-12-31 00951848 c:FRS102 2023-01-01 2023-12-31 00951848 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00951848 c:FullAccounts 2023-01-01 2023-12-31 00951848 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00951848 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00951848









H. BLAIRMAN & SONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
H. BLAIRMAN & SONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
H. BLAIRMAN & SONS LIMITED
REGISTERED NUMBER: 00951848

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
 
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,966
9,219

  
4,966
9,219

Current assets
  

Stocks
 5 
455,083
473,223

Debtors: amounts falling due within one year
 6 
205,923
207,113

Cash at bank and in hand
 7 
20,187
17,013

  
681,193
697,349

Creditors: amounts falling due within one year
 8 
(213,185)
(139,016)

Net current assets
  
 
 
468,008
 
 
558,333

Total assets less current liabilities
  
472,974
567,552

  

Net assets
  
472,974
567,552


Capital and reserves
  

Called up share capital 
 10 
37,500
37,500

Share premium account
  
331,100
331,100

Profit and loss account
  
104,374
198,952

  
472,974
567,552

Page 1

 
H. BLAIRMAN & SONS LIMITED
REGISTERED NUMBER: 00951848
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 by: 




M P Levy
Director

Date: 8 July 2024

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

H. Blairman & Sons Limited is a private company, limited by shares, incorporated in England & Wales with registration number of 00951848. The registered office is Q3, The Square, Randalls Way, Leatherhead, Surrey, KT22 7TW.

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

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational financial existence for the forseeable future. After reviewing the working capital requirements of the company the majority shareholder has confirmed that he will provide the company with such financial support as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing of these financial statements of the company.
On the basis of their assessment of the company's financial position and resources, the directors believe that the company is well placed to manage its business risks.

 
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.

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

Page 3

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

Page 4

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

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.

 
2.11

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 5

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
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:

Fixtures and fittings
-
25% reducing balance / 20% straight line
Office equipment
-
25% 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.

  
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price. Cost is based on the cost of purchase.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

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.

 
2.14

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.

 
2.15

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 6

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.16

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.


3.


Employees

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

Page 7

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
14,650
9,951
24,601


Disposals
-
(2,074)
(2,074)



At 31 December 2023

14,650
7,877
22,527



Depreciation


At 1 January 2023
10,030
5,352
15,382


Charge for the year on owned assets
2,930
1,150
4,080


Disposals
-
(1,901)
(1,901)



At 31 December 2023

12,960
4,601
17,561



Net book value



At 31 December 2023
1,690
3,276
4,966



At 31 December 2022
4,620
4,599
9,219


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
455,083
473,223



6.


Debtors

2023
2022
£
£


Trade debtors
143,729
149,279

Other debtors
401
559

Prepayments and accrued income
61,793
57,275

205,923
207,113


Page 8

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,187
17,013

Less: bank overdrafts
(143,004)
(63,819)

(122,817)
(46,806)



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
143,004
63,819

Trade creditors
56,760
31,948

Other taxation and social security
3,110
11,044

Other creditors
139
209

Accruals and deferred income
10,172
31,996

213,185
139,016



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
(122,817)
(46,806)




Financial (liabilities)/assets measured at fair value through profit or loss comprise cash at bank and in hand, including bank overdrafts.

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



25,000 (2022 - 25,000) Ordinary Shares shares of £1.00 each
25,000
25,000
12,500 (2022 - 12,500) "A" Ordinary Shares shares of £1.00 each
12,500
12,500

37,500

37,500


Page 9

 
H. BLAIRMAN & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


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. Contributions totalling £139 (2022 - £209) were payable to the fund at the balance sheet date and are included in Creditors.


12.


Controlling party

The directors consider that throughout the current and preceeding year M P Levy was the ultimate controlling party by virtue of his directorship and majority shareholding.

 
Page 10