Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31102023-01-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08533204 2023-01-01 2023-12-31 08533204 2022-01-01 2022-12-31 08533204 2023-12-31 08533204 2022-12-31 08533204 c:Director1 2023-01-01 2023-12-31 08533204 d:OfficeEquipment 2023-01-01 2023-12-31 08533204 d:OfficeEquipment 2023-12-31 08533204 d:OfficeEquipment 2022-12-31 08533204 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08533204 d:CurrentFinancialInstruments 2023-12-31 08533204 d:CurrentFinancialInstruments 2022-12-31 08533204 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08533204 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08533204 d:ShareCapital 2023-12-31 08533204 d:ShareCapital 2022-12-31 08533204 d:OtherMiscellaneousReserve 2023-12-31 08533204 d:OtherMiscellaneousReserve 2022-12-31 08533204 d:RetainedEarningsAccumulatedLosses 2023-12-31 08533204 d:RetainedEarningsAccumulatedLosses 2022-12-31 08533204 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08533204 c:OrdinaryShareClass1 2023-12-31 08533204 c:OrdinaryShareClass1 2022-12-31 08533204 c:FRS102 2023-01-01 2023-12-31 08533204 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08533204 c:FullAccounts 2023-01-01 2023-12-31 08533204 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08533204 2 2023-01-01 2023-12-31 08533204 6 2023-01-01 2023-12-31 08533204 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08533204









FLYNN HODKINSON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FLYNN HODKINSON LTD
REGISTERED NUMBER: 08533204

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
943
-

Investments
 6 
87
-

  
1,030
-

Current assets
  

Debtors: amounts falling due within one year
 7 
138,794
139,532

Cash at bank
 8 
272,496
437,397

  
411,290
576,929

Creditors: amounts falling due within one year
 9 
(76,430)
(161,602)

Net current assets
  
 
 
334,860
 
 
415,327

Total assets less current liabilities
  
335,890
415,327

Provisions for liabilities
  

Deferred tax
  
(236)
-

  
 
 
(236)
 
 
-

Net assets
  
335,654
415,327


Capital and reserves
  

Called up share capital 
 10 
100
100

Other reserves
  
415,224
352,430

Profit and loss account
  
(79,670)
62,797

  
335,654
415,327


Page 1

 
FLYNN HODKINSON LTD
REGISTERED NUMBER: 08533204
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges her 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 by: 




................................................
Janice Flynn
Director

Date: 29 July 2024

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

Page 2

 
FLYNN HODKINSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, incorporated in England and Wales, the registration number is 08533204. The registered office address is C/O Bcs, Windsor House, Station Court, Station Road, Great Shelford ,Cambridge, England, CB22 5NE

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

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

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

Page 3

 
FLYNN HODKINSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income, 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.

 
2.7

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.

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:

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.

 
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.

Page 4

 
FLYNN HODKINSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
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

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. 
Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Fixed asset investments are measured at cost less impairment.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found,animpairment loss is recognised in the Statement of comprehensive income.
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.

 
2.14

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

 
FLYNN HODKINSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the year end and the amounts reported for turnover and expenses during the year.
The directors do not consider there to be any critical judgments or key sources of estimation uncertainty involved in the preparation of the company's financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 4).


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,257



At 31 December 2023

1,257



Depreciation


Charge for the year
314



At 31 December 2023

314



Net book value



At 31 December 2023
943



At 31 December 2022
-

Page 6

 
FLYNN HODKINSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investment in subsidiary company

£



Cost or valuation


Additions
87



At 31 December 2023
87





7.


Debtors

2023
2022
£
£


Other debtors
126,679
116,189

Prepayments and accrued income
12,115
23,343

138,794
139,532



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
272,496
437,397

272,496
437,397


Page 7

 
FLYNN HODKINSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,997
15,293

Corporation tax
10,186
45,402

Other taxation and social security
19,653
70,240

Other creditors
24,644
30,443

Accruals and deferred income
3,950
224

76,430
161,602



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



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 that amounted to £66,371 (2022: £54,497). Contributions totalling £3,767 (2022: £1,983) were payable to the fund at the reporting date.


12.


Related party transactions

During the year ended 31 December 2023, the Company repaid a loan to a related party of £496 (2022: £Nil). At 31 December 2023, £Nil (2022: £496) was due to the related party by the Company. The related party is connected to the Company by virtue of a director of the Company holding significant influence over the related party.


13.


Controlling party

The ultimate controlling party is Janice Flynn.

 
Page 8