Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-012falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00469122 2023-04-01 2024-03-31 00469122 2022-04-01 2023-03-31 00469122 2024-03-31 00469122 2023-03-31 00469122 c:Director3 2023-04-01 2024-03-31 00469122 d:MotorVehicles 2023-04-01 2024-03-31 00469122 d:MotorVehicles 2024-03-31 00469122 d:MotorVehicles 2023-03-31 00469122 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00469122 d:OfficeEquipment 2024-03-31 00469122 d:OfficeEquipment 2023-03-31 00469122 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00469122 d:ComputerEquipment 2023-04-01 2024-03-31 00469122 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00469122 d:FreeholdInvestmentProperty 2024-03-31 00469122 d:FreeholdInvestmentProperty 2023-03-31 00469122 d:CurrentFinancialInstruments 2024-03-31 00469122 d:CurrentFinancialInstruments 2023-03-31 00469122 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00469122 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00469122 d:ShareCapital 2024-03-31 00469122 d:ShareCapital 2023-03-31 00469122 d:RetainedEarningsAccumulatedLosses 2024-03-31 00469122 d:RetainedEarningsAccumulatedLosses 2023-03-31 00469122 c:FRS102 2023-04-01 2024-03-31 00469122 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00469122 c:FullAccounts 2023-04-01 2024-03-31 00469122 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00469122 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00469122 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00469122 d:OtherDeferredTax 2024-03-31 00469122 d:OtherDeferredTax 2023-03-31 00469122 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00469122










H. AND B. HOWES (WELLINGBOROUGH) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
REGISTERED NUMBER:00469122

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
215
287

Investment property
 5 
1,345,000
1,345,000

  
1,345,215
1,345,287

Current assets
  

Debtors: amounts falling due within one year
 6 
9,685
10,942

Cash at bank and in hand
 7 
96,377
70,448

  
106,062
81,390

Creditors: amounts falling due within one year
 8 
(143,562)
(141,769)

Net current liabilities
  
 
 
(37,500)
 
 
(60,379)

Total assets less current liabilities
  
1,307,715
1,284,908

Provisions for liabilities
  

Deferred tax
 9 
(247,551)
(247,569)

  
 
 
(247,551)
 
 
(247,569)

Net assets
  
1,060,164
1,037,339


Capital and reserves
  

Called up share capital 
  
779
779

Profit and loss account
  
1,059,385
1,036,560

  
1,060,164
1,037,339


Page 1

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
REGISTERED NUMBER:00469122
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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: 




................................................
J Neild
Director

Date: 15 August 2024

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

Page 2

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

H. and B. Howes (Wellingborough) Limited is a members limited liability company, domiciled in England, registered number 00469122, with a registered office at 4 Fore Street, Bridestowe, Okehampton, West Devon, EX20 4EL.

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

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:

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 3

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Computer equipment
-
25%

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 4

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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. 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.

 
2.7

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.

 
2.8

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, 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 Income and Retained Earnings.
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
6,425
1,428
7,853



At 31 March 2024

6,425
1,428
7,853



Depreciation


At 1 April 2023
6,425
1,141
7,566


Charge for the year on owned assets
-
72
72



At 31 March 2024

6,425
1,213
7,638



Net book value



At 31 March 2024
-
215
215



At 31 March 2023
-
287
287


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,345,000



At 31 March 2024
1,345,000

Included within the profit and loss account are unrealised gains of £1,169,433 (2023 - £1,169,433) in respect of revaluations on investment properties.

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
8,200
9,010

Prepayments and accrued income
1,485
1,932

9,685
10,942



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
96,377
70,448



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
60
3,907

Corporation tax
6,185
4,269

Other creditors
135,217
131,093

Accruals and deferred income
2,100
2,500

143,562
141,769


Page 7

 
H. AND B. HOWES (WELLINGBOROUGH) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
(247,569)


Charged to profit or loss
18



At end of year
(247,551)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(54)
(72)

Investment property gains
(247,497)
(247,497)

(247,551)
(247,569)


10.


Related party transactions

At the Balance Sheet date there was a loan from the directors of £134,617 (2023- £130,493). The loan is interest free and there are no specific terms for repayment.

 
Page 8