Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312truefalse2023-01-01Letting of residential investment properties2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09096912 2023-01-01 2023-12-31 09096912 2022-01-01 2022-12-31 09096912 2023-12-31 09096912 2022-12-31 09096912 2022-01-01 09096912 c:Director1 2023-01-01 2023-12-31 09096912 c:Director2 2023-01-01 2023-12-31 09096912 d:OfficeEquipment 2023-01-01 2023-12-31 09096912 d:OfficeEquipment 2023-12-31 09096912 d:OfficeEquipment 2022-12-31 09096912 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09096912 d:CurrentFinancialInstruments 2023-12-31 09096912 d:CurrentFinancialInstruments 2022-12-31 09096912 d:Non-currentFinancialInstruments 2023-12-31 09096912 d:Non-currentFinancialInstruments 2022-12-31 09096912 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09096912 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09096912 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09096912 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09096912 d:ShareCapital 2023-01-01 2023-12-31 09096912 d:ShareCapital 2023-12-31 09096912 d:ShareCapital 2022-01-01 2022-12-31 09096912 d:ShareCapital 2022-12-31 09096912 d:ShareCapital 2022-01-01 09096912 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09096912 d:RetainedEarningsAccumulatedLosses 2023-12-31 09096912 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09096912 d:RetainedEarningsAccumulatedLosses 2022-12-31 09096912 d:RetainedEarningsAccumulatedLosses 2022-01-01 09096912 d:OtherDeferredTax 2023-12-31 09096912 d:OtherDeferredTax 2022-12-31 09096912 c:FRS102 2023-01-01 2023-12-31 09096912 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09096912 c:FullAccounts 2023-01-01 2023-12-31 09096912 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09096912 6 2023-01-01 2023-12-31 09096912 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09096912









BELL DUCKWORTH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BELL DUCKWORTH LIMITED
REGISTERED NUMBER: 09096912

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,340
1,219

Investments
 5 
1,270,000
1,310,000

  
1,271,340
1,311,219

Current assets
  

Debtors: amounts falling due within one year
 6 
1,451
1,273

Cash at bank and in hand
 7 
3,815
1,859

  
5,266
3,132

Creditors: amounts falling due within one year
 8 
(5,880)
(4,500)

Net current liabilities
  
 
 
(614)
 
 
(1,368)

Total assets less current liabilities
  
1,270,726
1,309,851

Creditors: amounts falling due after more than one year
 9 
(1,086,471)
(1,101,879)

Provisions for liabilities
  

Deferred tax
 10 
(21,183)
(28,783)

  
 
 
(21,183)
 
 
(28,783)

Net assets
  
163,072
179,189


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
163,068
179,185

  
163,072
179,189


Page 1

 
BELL DUCKWORTH LIMITED
REGISTERED NUMBER: 09096912
    
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 8 August 2024.




G Duckworth
J Duckworth
Director
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
BELL DUCKWORTH LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
4
179,185
179,189


Comprehensive income for the year

Loss for the year

-
(14,117)
(14,117)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(14,117)
(14,117)


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,000)
(2,000)


Total transactions with owners
-
(2,000)
(2,000)


At 31 December 2023
4
163,068
163,072


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
BELL DUCKWORTH LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
4
178,051
178,055


Comprehensive income for the year

Profit for the year

-
5,134
5,134


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
5,134
5,134


Contributions by and distributions to owners

Dividends: Equity capital
-
(4,000)
(4,000)


Total transactions with owners
-
(4,000)
(4,000)


At 31 December 2022
4
179,185
179,189


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
BELL DUCKWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bell Duckworth Limited is a private company limited by shares, registered in England and Wales.  The Company's registered number is 09096912 and the registered office address is The Old Tannery, Hensington Road, Woodstock OX20 1JL.  The principal activity of the company throughout the period was that of the letting of residential investment properties.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

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.

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.

Page 5

 
BELL DUCKWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

 
2.5

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
-

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.

Page 6

 
BELL DUCKWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 7

 
BELL DUCKWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
3,239


Additions
1,095



At 31 December 2023

4,334



Depreciation


At 1 January 2023
2,020


Charge for the year on owned assets
974



At 31 December 2023

2,994



Net book value



At 31 December 2023
1,340



At 31 December 2022
1,219

Page 8

 
BELL DUCKWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investment Property

£



Cost or valuation


At 1 January 2023
1,310,000


Revaluations
(40,000)



At 31 December 2023
1,270,000





6.


Debtors

2023
2022
£
£


Prepayments and accrued income
1,451
1,273

1,451
1,273



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,815
1,859

3,815
1,859



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,260
2,880

Accruals and deferred income
1,620
1,620

5,880
4,500


Page 9

 
BELL DUCKWORTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,086,471
1,101,879

1,086,471
1,101,879



10.


Deferred taxation




2023
2022


£

£






At beginning of year
(28,783)
(30,873)


Charged to profit or loss
7,600
2,090



At end of year
(21,183)
(28,783)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value adjustment
(21,183)
(28,783)

(21,183)
(28,783)


11.


Related party transactions

During the period £2,000 (2022: £4,000) dividends were paid in respect of shares held by the company's directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                During the period the directors withdrew amounts in excess of funds introduced totalling £15,408 (2022: £9,549).  At the balance sheet date £1,086,471 (2022: £1,101,879) remains due to the directors and is included within creditors amounts falling due after more than one year.

 
Page 10