Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3132023-04-01falseNo description of principal activity3truefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00654463 2023-04-01 2024-03-31 00654463 2022-04-01 2023-03-31 00654463 2024-03-31 00654463 2023-03-31 00654463 c:Director3 2023-04-01 2024-03-31 00654463 d:Buildings 2023-04-01 2024-03-31 00654463 d:Buildings 2024-03-31 00654463 d:Buildings 2023-03-31 00654463 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 00654463 d:FreeholdInvestmentProperty 2024-03-31 00654463 d:FreeholdInvestmentProperty 2023-03-31 00654463 d:CurrentFinancialInstruments 2024-03-31 00654463 d:CurrentFinancialInstruments 2023-03-31 00654463 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00654463 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00654463 d:ShareCapital 2024-03-31 00654463 d:ShareCapital 2023-03-31 00654463 d:RevaluationReserve 2024-03-31 00654463 d:RevaluationReserve 2023-03-31 00654463 d:InvestmentPropertiesRevaluationReserve 2023-04-01 2024-03-31 00654463 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00654463 d:RetainedEarningsAccumulatedLosses 2024-03-31 00654463 d:RetainedEarningsAccumulatedLosses 2023-03-31 00654463 d:OtherDeferredTax 2024-03-31 00654463 d:OtherDeferredTax 2023-03-31 00654463 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00654463 c:OrdinaryShareClass1 2024-03-31 00654463 c:OrdinaryShareClass1 2023-03-31 00654463 c:FRS102 2023-04-01 2024-03-31 00654463 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00654463 c:FullAccounts 2023-04-01 2024-03-31 00654463 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00654463 2 2023-04-01 2024-03-31 00654463 4 2023-04-01 2024-03-31 00654463 6 2023-04-01 2024-03-31 00654463 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00654463









CLEMENT DICKENS & SON (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
REGISTERED NUMBER: 00654463

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
65,000

Investments
 5 
5,000
5,000

Investment property
 6 
-
570,000

  
5,000
640,000

Current assets
  

Fixed assets held for sale
  
590,000
-

Debtors: amounts falling due within one year
 7 
4,257
-

Cash at bank and in hand
  
86,750
18,925

  
681,007
18,925

Creditors: amounts falling due within one year
 8 
(16,022)
(7,022)

Net current assets
  
 
 
664,985
 
 
11,903

Total assets less current liabilities
  
669,985
651,903

Provisions for liabilities
  

Deferred tax
 9 
(77,620)
(72,620)

Net assets
  
592,365
579,283


Capital and reserves
  

Called up share capital 
 10 
5,000
5,000

Investment property reserve
 11 
422,527
407,527

Profit and loss account
 11 
164,838
166,756

Total equity
  
592,365
579,283


Page 1

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
REGISTERED NUMBER: 00654463
    
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 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 by: 




................................................
M R Taylor
Director

Date: 27 August 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Clement Dickens & Son (Holdings) Limited is a private company limited by shares and registered in England and Wales. Its registered office address is 27a The Avenue, Poulton-Le-Fylde, Lancashire, FY6 7NA.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.4

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.
Revenue represents rent receviable during the period for occupancy of the properties and is recognised at the fair value of the rent receivable.

 
2.5

Interest income

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

Page 3

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.8

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 following method..

Depreciation is provided on the following basis:

Freehold property
-
No depreciation charged on land

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

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
Page 5

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

when there is a legally 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.

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.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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
Page 6

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

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 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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

  
2.16

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.17

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.

Page 7

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




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


4.


Tangible fixed assets





Freehold property

£





At 1 April 2023
65,000


Disposals
(65,000)



At 31 March 2024

-






Net book value



At 31 March 2024
-



At 31 March 2023
65,000


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
5,000



At 31 March 2024
5,000






Net book value



At 31 March 2024
5,000



At 31 March 2023
5,000

Page 8

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Freehold investment property

£





At 1 April 2023
570,000


Disposals
(570,000)



At 31 March 2024
-

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




7.


Debtors

2024
2023
£
£


Prepayments and accrued income
4,257
-



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,891
3,399

Other taxation and social security
907
728

Other creditors
10,010
-

Accruals and deferred income
3,214
2,895

16,022
7,022


Page 9

 
CLEMENT DICKENS & SON (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
(72,620)


Charged to profit or loss
(5,000)



At end of year
(77,620)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gain on investment property
(77,620)
(72,620)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares of £1.00 each
5,000
5,000



11.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve relates to the revaluation of the company's investment property, net of deferred tax. The reserve is not distributable.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


12.


Related party transactions

At the balance sheet date, the sum of £96,208 (2023 - £81,208) was owed by its subsidiary company.

 
Page 10