Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity00falsetrue 05930289 2023-01-01 2023-12-31 05930289 2022-01-01 2022-12-31 05930289 2023-12-31 05930289 2022-12-31 05930289 c:CompanySecretary1 2023-01-01 2023-12-31 05930289 c:Director1 2023-01-01 2023-12-31 05930289 c:Director2 2023-01-01 2023-12-31 05930289 c:RegisteredOffice 2023-01-01 2023-12-31 05930289 d:CurrentFinancialInstruments 2023-12-31 05930289 d:CurrentFinancialInstruments 2022-12-31 05930289 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05930289 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05930289 d:ShareCapital 2023-12-31 05930289 d:ShareCapital 2022-12-31 05930289 d:SharePremium 2023-12-31 05930289 d:SharePremium 2022-12-31 05930289 d:RetainedEarningsAccumulatedLosses 2023-12-31 05930289 d:RetainedEarningsAccumulatedLosses 2022-12-31 05930289 c:FRS102 2023-01-01 2023-12-31 05930289 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05930289 c:FullAccounts 2023-01-01 2023-12-31 05930289 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05930289 2 2023-01-01 2023-12-31 05930289 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 05930289







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


WILLIAM TICE FAMILY LIMITED






































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WILLIAM TICE FAMILY LIMITED
 


 
COMPANY INFORMATION


Directors
John W S Tice 
Sarah J Tice 




Company secretary
Sunley Securities Limited



Registered number
05930289



Registered office
The Old Rectory Church Street
Upham

Southampton

SO32 1JH




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


WILLIAM TICE FAMILY LIMITED
REGISTERED NUMBER:05930289



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,882,041
1,759,497

  
1,882,041
1,759,497

Current assets
  

Debtors: amounts falling due within one year
 5 
364
8,897

Cash at bank and in hand
  
424,845
442,584

  
425,209
451,481

Creditors: amounts falling due within one year
 6 
(114,812)
(111,302)

Net current assets
  
 
 
310,397
 
 
340,179

Total assets less current liabilities
  
2,192,438
2,099,676

Provisions for liabilities
  

Deferred tax
  
(162,201)
(153,939)

  
 
 
(162,201)
 
 
(153,939)

Net assets
  
2,030,237
1,945,737


Capital and reserves
  

Called up share capital 
  
820
820

Share premium account
  
1,211,762
1,211,762

Profit and loss account
  
817,655
733,155

  
2,030,237
1,945,737


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: 


John W S Tice
Director
Page 1

 


WILLIAM TICE FAMILY LIMITED
REGISTERED NUMBER:05930289


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


Date: 27 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


WILLIAM TICE FAMILY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

William Tice Family Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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

Interest income

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

 
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 reporting 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 reporting 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 reporting date.

 
2.4

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 reporting 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 


WILLIAM TICE FAMILY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
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.

Financial instruments are recognised in the Company's Statement of Financial Position 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, 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.

Page 4

 


WILLIAM TICE FAMILY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

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


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2023
1,759,497


Additions
285,621


Disposals
(240,503)


Revaluations
77,426



At 31 December 2023
1,882,041





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
8,727

Other debtors
364
170

364
8,897



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
106,000
106,000

Accruals and deferred income
8,812
5,302

114,812
111,302



7.


Controlling party

The ultimate parent company is William Tice Family Holdco Limited, a company are registered in England and Wales.
The company is exempt from preparing consolidated accounts on the grounds that it is part of a small group. 
The directors do not consider there to be an ultimate controlling party.

 
Page 5