Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseInvestment company33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00142985 2023-04-01 2024-03-31 00142985 2022-04-01 2023-03-31 00142985 2024-03-31 00142985 2023-03-31 00142985 2022-04-01 00142985 c:Director1 2023-04-01 2024-03-31 00142985 d:CurrentFinancialInstruments 2024-03-31 00142985 d:CurrentFinancialInstruments 2023-03-31 00142985 d:Non-currentFinancialInstruments 2024-03-31 00142985 d:Non-currentFinancialInstruments 2023-03-31 00142985 d:Non-currentFinancialInstruments 1 2024-03-31 00142985 d:Non-currentFinancialInstruments 1 2023-03-31 00142985 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00142985 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00142985 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00142985 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00142985 d:ShareCapital 2024-03-31 00142985 d:ShareCapital 2023-03-31 00142985 d:ShareCapital 2022-04-01 00142985 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00142985 d:OtherMiscellaneousReserve 2024-03-31 00142985 d:OtherMiscellaneousReserve 2023-03-31 00142985 d:OtherMiscellaneousReserve 2022-04-01 00142985 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00142985 d:RetainedEarningsAccumulatedLosses 2024-03-31 00142985 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00142985 d:RetainedEarningsAccumulatedLosses 2023-03-31 00142985 d:RetainedEarningsAccumulatedLosses 2022-04-01 00142985 c:FRS102 2023-04-01 2024-03-31 00142985 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00142985 c:FullAccounts 2023-04-01 2024-03-31 00142985 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00142985 6 2023-04-01 2024-03-31 00142985 d:OtherDeferredTax 2024-03-31 00142985 d:OtherDeferredTax 2023-03-31 00142985 1 2024-03-31 00142985 1 2023-03-31 00142985 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 00142985








A.LLOYD AND SONS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
A.LLOYD AND SONS LIMITED
REGISTERED NUMBER: 00142985

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,646,233
1,650,023

  
1,646,233
1,650,023

Current assets
  

Cash at bank and in hand
  
71,523
33,524

  
71,523
33,524

Creditors: amounts falling due within one year
 5 
(9,200)
(9,200)

Net current assets
  
 
 
62,323
 
 
24,324

Total assets less current liabilities
  
1,708,556
1,674,347

Creditors: amounts falling due after more than one year
 6 
(50,000)
(50,000)

Provisions for liabilities
  

Deferred tax
 7 
(193,750)
(177,650)

  
 
 
(193,750)
 
 
(177,650)

Net assets
  
1,464,806
1,446,697


Capital and reserves
  

Called up share capital 
  
30,000
30,000

Other reserves
 8 
3,797
3,797

Profit and loss account
 8 
1,431,009
1,412,900

  
1,464,806
1,446,697


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.

Page 1

 
A.LLOYD AND SONS LIMITED
REGISTERED NUMBER: 00142985
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Company has opted not to file the statement of comprehensive income 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 14 August 2024.




R. A. Lloyd-Smith
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
A.LLOYD AND SONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 1 APRIL 2022 TO 31 MARCH 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
30,000
3,797
1,502,888
1,536,685



Loss for the year
-
-
(5,205)
(5,205)

Dividends: Equity capital
-
-
(84,783)
(84,783)



At 1 April 2023
30,000
3,797
1,412,900
1,446,697



Profit for the year
-
-
102,892
102,892

Dividends: Equity capital
-
-
(84,783)
(84,783)


At 31 March 2024
30,000
3,797
1,431,009
1,464,806


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
A.LLOYD AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

A. Lloyd and Sons Limited is a private company limited by share capital, incorporated in England and Wales, registration number 00142985. The address of the registered office is 30 Orange Street, London, WC2H 7HF.

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

Revenue

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 comprises investment income relating to dividends and interest received in respect of the investments held by the company.

 
2.3

Valuation of investments

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.

 
2.4

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. 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.

 
2.5

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, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income including profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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 4

 
A.LLOYD AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

 
2.6

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.

 
2.7

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.

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.8

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 5

 
A.LLOYD AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
A.LLOYD AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
1,650,023


Additions
9,715


Disposals
(77,891)


Revaluations
64,386



At 31 March 2024
1,646,233






Net book value



At 31 March 2024
1,646,233



At 31 March 2023
1,650,023

The market value of the listed investments at 31 March 2024 was £1,646,233 (2023 - £1,650,023).


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
9,200
9,200

9,200
9,200



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Share capital treated as debt
50,000
50,000

50,000
50,000


Page 7

 
A.LLOYD AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Deferred taxation




2024


£






At beginning of year
(177,650)


Charged to profit or loss
(16,100)



At end of year
(193,750)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On investment revaluation gains
(193,750)
(177,650)

(193,750)
(177,650)


8.


Reserves

Other reserves

This is a historic capital reserve.

Profit & loss account

This includes unrealised exchange gains net of taxation of £965,050 which are not distributable reserves.

 
Page 8