Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10438120 2022-12-01 2023-11-30 10438120 2021-12-01 2022-11-30 10438120 2023-11-30 10438120 2022-11-30 10438120 c:Director1 2022-12-01 2023-11-30 10438120 d:CurrentFinancialInstruments 2023-11-30 10438120 d:CurrentFinancialInstruments 2022-11-30 10438120 d:Non-currentFinancialInstruments 2023-11-30 10438120 d:Non-currentFinancialInstruments 2022-11-30 10438120 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10438120 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10438120 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 10438120 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 10438120 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 10438120 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 10438120 d:ShareCapital 2023-11-30 10438120 d:ShareCapital 2022-11-30 10438120 d:SharePremium 2023-11-30 10438120 d:SharePremium 2022-11-30 10438120 d:RetainedEarningsAccumulatedLosses 2023-11-30 10438120 d:RetainedEarningsAccumulatedLosses 2022-11-30 10438120 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-11-30 10438120 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2022-11-30 10438120 c:FRS102 2022-12-01 2023-11-30 10438120 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10438120 c:FullAccounts 2022-12-01 2023-11-30 10438120 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10438120 2 2022-12-01 2023-11-30 10438120 6 2022-12-01 2023-11-30 10438120 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number:  10438120














REGAN & HALLWORTH HOLDINGS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


 
REGAN & HALLWORTH HOLDINGS LTD
REGISTERED NUMBER: 10438120

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
487,658
487,658

  
487,658
487,658

Current assets
  

Debtors: amounts falling due within one year
 5 
219,632
163,956

Cash at bank and in hand
 6 
-
1,897

  
219,632
165,853

Creditors: amounts falling due within one year
 7 
(393,983)
(313,460)

Net current liabilities
  
 
 
(174,351)
 
 
(147,607)

Total assets less current liabilities
  
313,307
340,051

Creditors: amounts falling due after more than one year
 8 
-
(10,881)

  

Net assets
  
313,307
329,170


Capital and reserves
  

Called up share capital 
  
80
80

Share premium account
  
273,088
273,088

Profit and loss account
  
40,139
56,002

  
313,307
329,170


Page 1

 
REGAN & HALLWORTH HOLDINGS LTD
REGISTERED NUMBER: 10438120
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 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: 




................................................
A Law
Director

Date: 15 August 2024

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

Page 2

 
REGAN & HALLWORTH HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 10438120). The address of the registered office is 10-12 Library Street, Wigan, Lancashire, WN1 1NN.
These financial statements present information about the Company as an individual undertaking. The principal activity of the Company is that of a holding company.

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 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

Interest income

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

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 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.

Page 3

 
REGAN & HALLWORTH HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

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.

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 receipts 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
Page 4

 
REGAN & HALLWORTH HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

 
2.10

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 directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
487,658



At 30 November 2023
487,658




Page 5

 
REGAN & HALLWORTH HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
219,632
163,956

219,632
163,956



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
1,897

-
1,897



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
58,352

Amounts owed to group undertakings
355,816
204,538

Other creditors
36,667
49,070

Accruals and deferred income
1,500
1,500

393,983
313,460


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
58,352

-
58,352

Details of security provided:

The bank loans are secured by fixed and floating charges against the assets of the company.

Page 6

 
REGAN & HALLWORTH HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
10,881

-
10,881


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
10,881

-
10,881

Details of security provided:

The bank loans are secured by fixed and floating charges against the assets of the Company.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
58,352

Amounts falling due 1-2 years

Bank loans
-
10,881



-
69,233


Page 7

 
REGAN & HALLWORTH HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at amortised cost
228,539
163,956


Financial liabilities


Financial liabilities measured at amortised cost
388,518
324,341


Financial assets measured at fair value through profit or loss comprise of cash at bank.


Financial assets measured at amortised cost comprise of other debtors.


Financial liabilities measured at amortised cost comprise of other creditors, accruals and bank loans.


11.


Related party transactions

Included in other debtors/(creditors) are the following balances with related parties:


2023
2022
£
£

Regan & Hallworth Estate Agents Limited
(364,624)
(204,538)
A Law
228,538
163,956
J Edgerton
(18,333)
(30,735)
A Herterich
(18,333)
(18,334)

Regan & Hallworth Estate Agents Limited is a subsidiary company. The loan is unsecured, has
no fixed repayment terms and bears no interest.
A Law is a director. The loan is unsecured and has no fixed repayment terms.
J Edgerton and A Herterich are directors. The loans are unsecured, have no fixed repayment terms and bear no interest.


12.


Controlling party

The Company is under the control of A Law.

 
Page 8