Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00406455 2023-01-01 2023-12-31 00406455 2022-01-01 2022-12-31 00406455 2023-12-31 00406455 2022-12-31 00406455 c:CompanySecretary1 2023-01-01 2023-12-31 00406455 c:Director1 2023-01-01 2023-12-31 00406455 c:Director2 2023-01-01 2023-12-31 00406455 c:RegisteredOffice 2023-01-01 2023-12-31 00406455 d:Buildings 2023-12-31 00406455 d:Buildings 2022-12-31 00406455 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00406455 d:OfficeEquipment 2023-01-01 2023-12-31 00406455 d:OfficeEquipment 2023-12-31 00406455 d:OfficeEquipment 2022-12-31 00406455 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00406455 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00406455 d:CurrentFinancialInstruments 2023-12-31 00406455 d:CurrentFinancialInstruments 2022-12-31 00406455 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00406455 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00406455 d:ShareCapital 2023-12-31 00406455 d:ShareCapital 2022-12-31 00406455 d:RetainedEarningsAccumulatedLosses 2023-12-31 00406455 d:RetainedEarningsAccumulatedLosses 2022-12-31 00406455 c:FRS102 2023-01-01 2023-12-31 00406455 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00406455 c:FullAccounts 2023-01-01 2023-12-31 00406455 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00406455 2 2023-01-01 2023-12-31 00406455 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 00406455











H & F. INVESTMENTS LIMITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
H & F. INVESTMENTS LIMITED
 

COMPANY INFORMATION


Directors
M. K. Farmer 
R. D. Farmer 




Company secretary
M. K. Farmer



Registered number
00406455



Registered office
Vicarage House
58-60 Kensington Church Street

London

W8 4DB





 
H & F. INVESTMENTS LIMITED
 

CONTENTS



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

 
H & F. INVESTMENTS LIMITED
REGISTERED NUMBER: 00406455

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
87,228
87,343

Current assets
  

Debtors
 5 
86,348
88,137

Cash at bank
  
2,112,031
2,483,440

  
2,198,379
2,571,577

Creditors: amounts falling due within one year
 6 
(72,992)
(72,509)

Net current assets
  
 
 
2,125,387
 
 
2,499,068

Net assets
  
2,212,615
2,586,411


Capital and reserves
  

Allotted, called up and fully paid share capital
  
8,200
8,200

Profit and loss account
  
2,204,415
2,578,211

Equity shareholders' funds
  
2,212,615
2,586,411


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 Directors' Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
29 July 2024.




M. K. Farmer
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
H & F. INVESTMENTS LIMITED
 

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

1.


General information

H & F. Investments Limited (Company number 00406455), having its registered office and principal trading address at Vicarage House, 58 - 60 Kensington Church Street, London, W8 4DB, is a private limited company incorporated in England and Wales.

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

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102 Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
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. The following criteria must also be met before turnover is recognised:

 
2.4

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.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Land is not depreciated. Depreciation on other assets 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
-
25%
straight-line

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 in the Statements of Income and Retained Earnings.
Page 2

 
H & F. INVESTMENTS LIMITED
 

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

2.Accounting policies (continued)

  
2.5

Debtors

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

 
2.6

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.

  
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and to related parties.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings  on a straight line basis over the lease term.

 
2.11

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 3

 
H & F. INVESTMENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.12

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.


3.


Employees

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

Page 4

 
H & F. INVESTMENTS LIMITED
 

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

4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost


At 1 January 2023
87,000
1,617
88,617



At 31 December 2023

87,000
1,617
88,617



Depreciation


At 1 January 2023
-
1,274
1,274


Charge for the year
-
115
115



At 31 December 2023

-
1,389
1,389



Net book value



At 31 December 2023
87,000
228
87,228



At 31 December 2022
87,000
343
87,343

At 31 December 2023, included within the net book value of land and buildings is £87,000 (2022: £87,000) relating to freehold land, which is not depreciated.


5.


Debtors

2023
2022
£
£

Due within one year

Other debtors
44,496
49,065

Prepayments and accrued income
41,852
39,072

86,348
88,137



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
19,282
19,152

Accruals and deferred income
53,710
53,357

72,992
72,509


Page 5

 
H & F. INVESTMENTS LIMITED
 

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

7.


Ground rent receivable

The company receives ground rent on 93 flats. Ground rent receivable is between £250 and £300 per unit per annum. The lease terms range between 125 and 999 years.


8.


Related party transactions

Included within other debtors is an amount due from a director of the Company of £19,135 (2022: £24,247), which has been repaid within 9 months of the year end.  

Page 6