Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Investment in property and industrial businesses for long term capital gain2023-01-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03656792 2023-01-01 2023-12-31 03656792 2022-01-01 2022-12-31 03656792 2023-12-31 03656792 2022-12-31 03656792 c:Director1 2023-01-01 2023-12-31 03656792 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 03656792 d:Buildings d:LongLeaseholdAssets 2023-12-31 03656792 d:Buildings d:LongLeaseholdAssets 2022-12-31 03656792 d:FurnitureFittings 2023-01-01 2023-12-31 03656792 d:FurnitureFittings 2023-12-31 03656792 d:FurnitureFittings 2022-12-31 03656792 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656792 d:ComputerEquipment 2023-01-01 2023-12-31 03656792 d:ComputerEquipment 2023-12-31 03656792 d:ComputerEquipment 2022-12-31 03656792 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656792 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03656792 d:FreeholdInvestmentProperty 2023-12-31 03656792 d:FreeholdInvestmentProperty 2022-12-31 03656792 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 03656792 d:CurrentFinancialInstruments 2023-12-31 03656792 d:CurrentFinancialInstruments 2022-12-31 03656792 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03656792 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03656792 d:ShareCapital 2023-12-31 03656792 d:ShareCapital 2022-12-31 03656792 d:SharePremium 2023-01-01 2023-12-31 03656792 d:SharePremium 2023-12-31 03656792 d:SharePremium 2022-12-31 03656792 d:InvestmentPropertiesRevaluationReserve 2023-01-01 2023-12-31 03656792 d:InvestmentPropertiesRevaluationReserve 2023-12-31 03656792 d:InvestmentPropertiesRevaluationReserve 2022-12-31 03656792 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03656792 d:RetainedEarningsAccumulatedLosses 2023-12-31 03656792 d:RetainedEarningsAccumulatedLosses 2022-12-31 03656792 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 03656792 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 03656792 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03656792 c:OrdinaryShareClass1 2023-12-31 03656792 c:OrdinaryShareClass1 2022-12-31 03656792 c:OrdinaryShareClass2 2023-01-01 2023-12-31 03656792 c:OrdinaryShareClass2 2023-12-31 03656792 c:OrdinaryShareClass2 2022-12-31 03656792 c:FRS102 2023-01-01 2023-12-31 03656792 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03656792 c:FullAccounts 2023-01-01 2023-12-31 03656792 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03656792 6 2023-01-01 2023-12-31 03656792 1 2023-12-31 03656792 3 2023-12-31 03656792 1 2022-12-31 03656792 3 2022-12-31 03656792 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03656792









IDEM HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
IDEM HOLDINGS LIMITED
REGISTERED NUMBER: 03656792

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
9,721
12,640

Investments
 5 
448,800
562,293

Investment property
 6 
1,705,000
1,605,000

  
2,163,521
2,179,933

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
44,751
76,369

Cash at bank and in hand
  
17,291
7,613

  
62,042
83,982

Creditors: amounts falling due within one year
 8 
(174,393)
(176,192)

NET CURRENT LIABILITIES
  
 
 
(112,351)
 
 
(92,210)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,051,170
2,087,723

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
-
(18,330)

  
 
 
-
 
 
(18,330)

NET ASSETS
  
2,051,170
2,069,393


CAPITAL AND RESERVES
  

Called up share capital 
 10 
2,000,000
2,000,000

Share premium account
 11 
1,254,157
1,254,157

Investment property reserve
 11 
312,586
212,586

Profit and loss account
 11 
(1,515,573)
(1,397,350)

  
2,051,170
2,069,393


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

 
IDEM HOLDINGS LIMITED
REGISTERED NUMBER: 03656792
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




P W Callaghan
Director

Date: 15 August 2024

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

Page 2

 
IDEM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Idem Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is 42 Lauderdale Tower, Barbican, London, EC2Y 8BY.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of rental income receivable during the year, exclusive of Value Added Tax.

 
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.

Page 3

 
IDEM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

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:

Long-term leasehold property
-
10%
straight line
Fixtures and fittings
-
25%
straight line
Computer 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 profit or loss.

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors and derived from the current local market values 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

VALUATION OF INVESTMENTS

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.

 
2.7

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.

 
2.8

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.

Page 4

 
IDEM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

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.

 
2.10

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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 January 2023
22,864
14,443
2,959
40,266


Additions
-
-
165
165



At 31 December 2023

22,864
14,443
3,124
40,431



DEPRECIATION


At 1 January 2023
11,430
13,810
2,386
27,626


Charge for the year on owned assets
2,286
211
587
3,084



At 31 December 2023

13,716
14,021
2,973
30,710



NET BOOK VALUE



At 31 December 2023
9,148
422
151
9,721



At 31 December 2022
11,434
633
573
12,640

Page 5

 
IDEM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


FIXED ASSET INVESTMENTS





Listed investments
Unlisted investments
Total

£
£
£



COST OR VALUATION


At 1 January 2023
8,948
553,345
562,293


Disposals
(6,286)
-
(6,286)


Revaluations
363
(107,570)
(107,207)



At 31 December 2023
3,025
445,775
448,800






NET BOOK VALUE



At 31 December 2023
3,025
445,775
448,800



At 31 December 2022
8,948
553,345
562,293


6.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 January 2023
1,605,000


Surplus on revaluation
100,000



AT 31 DECEMBER 2023
1,705,000

The 2023 valuations were made by directors, on an open market value for existing use basis.

2023
2022
£
£

REVALUATION RESERVES


At 1 January 2023
212,586
1,346

Net surplus/(deficit) in movement properties
100,000
211,240

AT 31 DECEMBER 2023
312,586
212,586




Page 6

 
IDEM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


DEBTORS

2023
2022
£
£


Trade debtors
7,973
2,373

Other debtors
36,778
73,996

44,751
76,369



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other loans
167,428
164,958

Trade creditors
342
606

Corporation tax
-
6,288

Other taxation and social security
1,943
-

Other creditors
180
90

Accruals and deferred income
4,500
4,250

174,393
176,192



9.


DEFERRED TAXATION




2023


£






At beginning of year
(18,330)


Charged to profit or loss
18,330



AT END OF YEAR
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(18,330)

Page 7

 
IDEM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



400,000 (2022 - 400,000) 'A' Ordinary Shares shares of £1 each
400,000
400,000
1,600,000 (2022 - 1,600,000) 'D' Ordinary Shares shares of £1 each
1,600,000
1,600,000

2,000,000

2,000,000



11.


RESERVES

Share premium account

The share premium accounts includes the premium paid on the shares invested in the Company.

Investment property revaluation reserve

This reserve includes all current and prior period investment property revaluations and deferred tax movements.

Profit and loss account

This reserve includes all current and prior period retained profits and losses.

 
Page 8