Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-3112022-08-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company during the year continued to be that of hotel management consultancy.2truetruefalse 08148418 2022-08-01 2023-07-31 08148418 2021-08-01 2022-07-31 08148418 2023-07-31 08148418 2022-07-31 08148418 c:Director1 2022-08-01 2023-07-31 08148418 d:PlantMachinery 2022-08-01 2023-07-31 08148418 d:PlantMachinery 2023-07-31 08148418 d:PlantMachinery 2022-07-31 08148418 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08148418 d:CurrentFinancialInstruments 2023-07-31 08148418 d:CurrentFinancialInstruments 2022-07-31 08148418 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08148418 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08148418 d:ShareCapital 2023-07-31 08148418 d:ShareCapital 2022-07-31 08148418 d:RetainedEarningsAccumulatedLosses 2023-07-31 08148418 d:RetainedEarningsAccumulatedLosses 2022-07-31 08148418 c:OrdinaryShareClass1 2022-08-01 2023-07-31 08148418 c:OrdinaryShareClass1 2023-07-31 08148418 c:OrdinaryShareClass1 2022-07-31 08148418 c:FRS102 2022-08-01 2023-07-31 08148418 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08148418 c:FullAccounts 2022-08-01 2023-07-31 08148418 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08148418 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-08-01 2023-07-31 08148418 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-31 08148418 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 08148418 6 2022-08-01 2023-07-31 08148418 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08148418









HETHERLEY DEVELOPMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
HETHERLEY DEVELOPMENTS LTD
REGISTERED NUMBER: 08148418

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
1,933
2,577

Investments
 4 
93,000
93,000

  
94,933
95,577

Current assets
  

Debtors: amounts falling due within one year
 5 
111,785
106,115

Cash at bank and in hand
  
1,072
775

  
112,857
106,890

Creditors: amounts falling due within one year
 6 
(202,651)
(201,473)

Net current liabilities
  
 
 
(89,794)
 
 
(94,583)

Net assets
  
5,139
994


Capital and reserves
  

Called up share capital 
 7 
10
10

Profit and loss account
  
5,129
984

  
5,139
994


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 his 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 W Scudamore
Director

Date: 31 July 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
HETHERLEY DEVELOPMENTS LTD
REGISTERED NUMBER: 08148418

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023


Page 2

 
HETHERLEY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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:

Plant and machinery
-
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.

 
1.4

Valuation of investments

Investments in participating interests are measured at cost less accumulated impairment.

Page 3

 
HETHERLEY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
1.6

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.

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.

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.

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 payments 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.
Page 4

 
HETHERLEY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)


1.6
Financial instruments (continued)


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.

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.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. 

 
1.8

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.

 
1.9

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 corporation 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.

Page 5

 
HETHERLEY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.10

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.


2.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


3.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 August 2022
15,418



At 31 July 2023

15,418



Depreciation


At 1 August 2022
12,841


Charge for the year on owned assets
644



At 31 July 2023

13,485



Net book value



At 31 July 2023
1,933



At 31 July 2022
2,577


4.


Fixed asset investments





Investments in associates
Loans to associates
Total

£
£
£



Cost


At 1 August 2022
9
92,991
93,000



At 31 July 2023
9
92,991
93,000




The company holds 20% of the members' capital in Cannock Coventry Hotel No. 1 LLP, a limited liability partnership registered in England and Wales and whose principal activity is the operation of a hotel.
Page 6

 
HETHERLEY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


5.


Debtors

2023
2022
£
£

Trade debtors
62,000
90,000

Other debtors
49,171
15,692

Prepayments and accrued income
614
423

111,785
106,115



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,318
511

Amounts owed to other participating interests
52,462
56,030

Corporation tax
40,956
28,414

Other creditors
93,004
107,810

Accruals and deferred income
4,911
8,708

202,651
201,473



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1 each
10
10



8.


Transactions with directors

At 1 August 2022, the balance due from the director was £15,216. During the year net advances amounting to £7,600 were made to the director and repayments received of £22,820, leaving a balance due to  the director of £4 at 31 July 2023.


Page 7