Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-08-0111false 08644843 2022-08-01 2023-07-31 08644843 2021-08-01 2022-07-31 08644843 2023-07-31 08644843 2022-07-31 08644843 c:Director1 2022-08-01 2023-07-31 08644843 d:CurrentFinancialInstruments 2023-07-31 08644843 d:CurrentFinancialInstruments 2022-07-31 08644843 d:Non-currentFinancialInstruments 2023-07-31 08644843 d:Non-currentFinancialInstruments 2022-07-31 08644843 c:OrdinaryShareClass1 2022-08-01 2023-07-31 08644843 c:OrdinaryShareClass1 2023-07-31 08644843 c:OrdinaryShareClass1 2022-07-31 08644843 c:FRS102 2022-08-01 2023-07-31 08644843 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08644843 c:FullAccounts 2022-08-01 2023-07-31 08644843 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08644843 6 2022-08-01 2023-07-31 08644843 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08644843









HETHERLEY CAPITAL PARTNERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
HETHERLEY CAPITAL PARTNERS LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 6


 
HETHERLEY CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 08644843

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
251,597
203,927

Current assets
  

Debtors: amounts falling due within one year
 5 
9,542
9,542

Cash at bank and in hand
  
1
1

  
9,543
9,543

Creditors: amounts falling due within one year
 6 
(18,838)
(9,526)

Net current (liabilities)/assets
  
 
 
(9,295)
 
 
17

Total assets less current liabilities
  
242,302
203,944

Creditors: amounts falling due after more than one year
 7 
(200,000)
(200,000)

Net assets
  
42,302
3,944


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
42,301
3,943

  
42,302
3,944


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 2 to 6 form part of these financial statements.

Page 1

 
HETHERLEY CAPITAL PARTNERS LIMITED
 

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

1.


General information

Hetherley Capital Partners Limited is a private company, limited by shares, and registered in England and Wales. The address of its registered office is 24 Old Bond Street, London, W1S 4AP.
The functional and presentational currency of the Company is pounds sterling (£).

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 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:

 
2.2

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 Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in limited liability partnerships (LLPs) are measured at cost less accumulated
impairment.
Income is recognised from the LLPs. 

 
2.3

Debtors

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

 
2.4

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.

 
2.5

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.


 

Page 2

 
HETHERLEY CAPITAL PARTNERS LIMITED
 

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

2.Accounting policies (continued)


2.5
Financial instruments (continued)

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.

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 3

 
HETHERLEY CAPITAL PARTNERS LIMITED
 

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

2.Accounting policies (continued)


2.5
Financial instruments (continued)

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

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.

 
2.8

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.

  
2.9

Group financial statements

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprises a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group financial statements. 


3.


Employees

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

Page 4

 
HETHERLEY CAPITAL PARTNERS LIMITED
 

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

4.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 August 2022
101
203,826
203,927


Share of profit/(loss)
-
47,670
47,670



At 31 July 2023
101
251,496
251,597






Net book value



At 31 July 2023
101
251,496
251,597



At 31 July 2022
101
203,826
203,927

The investement in the LLP is included at its valuation being the equivalent of its cost and unallocated profits.


5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
9,542
9,542



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,787
-

Amounts owed to group undertakings
2,644
2,644

Corporation tax
7,265
-

Other creditors
3,282
3,282

Accruals and deferred income
1,860
3,600

18,838
9,526


Page 5

 
HETHERLEY CAPITAL PARTNERS LIMITED
 

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

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
200,000
200,000



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



9.


Related party transactions

The company has taken advantage of the exemption afforded by FRS102 not to disclose transactions or balances with other wholly owned members of the group.
At the balance sheet date the following were owed to the related parties stated:


2023
2022
£
£

Director
2,903
2,903


Page 6