Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity5249truetrue 10762103 2023-01-01 2023-12-31 10762103 2022-01-01 2022-12-31 10762103 2023-12-31 10762103 2022-12-31 10762103 2022-01-01 10762103 c:Director5 2023-01-01 2023-12-31 10762103 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 10762103 d:Buildings d:LongLeaseholdAssets 2023-12-31 10762103 d:Buildings d:LongLeaseholdAssets 2022-12-31 10762103 d:PlantMachinery 2023-01-01 2023-12-31 10762103 d:PlantMachinery 2023-12-31 10762103 d:PlantMachinery 2022-12-31 10762103 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10762103 d:FurnitureFittings 2023-01-01 2023-12-31 10762103 d:FurnitureFittings 2023-12-31 10762103 d:FurnitureFittings 2022-12-31 10762103 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10762103 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10762103 d:CurrentFinancialInstruments 2023-12-31 10762103 d:CurrentFinancialInstruments 2022-12-31 10762103 d:Non-currentFinancialInstruments 2023-12-31 10762103 d:Non-currentFinancialInstruments 2022-12-31 10762103 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10762103 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10762103 d:ShareCapital 2023-12-31 10762103 d:ShareCapital 2022-12-31 10762103 d:RetainedEarningsAccumulatedLosses 2023-12-31 10762103 d:RetainedEarningsAccumulatedLosses 2022-12-31 10762103 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10762103 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10762103 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10762103 c:OrdinaryShareClass1 2023-12-31 10762103 c:OrdinaryShareClass1 2022-12-31 10762103 c:FRS102 2023-01-01 2023-12-31 10762103 c:Audited 2023-01-01 2023-12-31 10762103 c:FullAccounts 2023-01-01 2023-12-31 10762103 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10762103 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10762103 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10762103









SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
REGISTERED NUMBER: 10762103

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
99,192
118,707

Current assets
  

Debtors: amounts falling due after more than one year
 6 
35,000
35,000

Debtors: amounts falling due within one year
 6 
3,469,814
2,422,625

Cash at bank and in hand
  
965,173
303,339

  
4,469,987
2,760,964

Creditors: amounts falling due within one year
 7 
(1,361,707)
(918,175)

Net current assets
  
 
 
3,108,280
 
 
1,842,789

Total assets less current liabilities
  
3,207,472
1,961,496

Provisions for liabilities
  

Deferred tax
 8 
(15,364)
(23,419)

Net assets
  
3,192,108
1,938,077


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
3,192,008
1,937,977

  
3,192,108
1,938,077


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

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
REGISTERED NUMBER: 10762103
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 on 24 June 2024.




T Hill
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sheehan Nagle Hartray Associates Limited ("the Company") is a private company limited by shares incorporated in England and Wales. The registered office is 20 Chiswell Street, London, EC1Y 4TW.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared detailed financial projections which indicate that the company can continue to operate as a going concern for a period of at least 12 months from the date of signing of these financial statements. These projects cover a period of at least 12 months from the date of these accounts. Management have considered the market indicators for the forthcoming year and the current pipeline of confirmed contracts in forming these projections. The directors do not anticipate any adverse impact on revenue in 2024 and therefore the directors are satisfied that the Company is able to meet its liabilities as they fall due over the next 12 months from the date of signing of these financial statements and on this basis, the financial statements have been prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the term of the lease
Plant and machinery
-
3 years straight line
Fixtures and fittings
-
3 years 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 5

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Creditors

Short-term creditors are measured at the transaction price.

 
2.13

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 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, 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.

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.

Page 6

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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 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.

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.

 
2.14

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Page 7

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 52 (2022 - 49).


5.


Tangible fixed assets





Leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost 


At 1 January 2023
25,433
101,956
11,939
139,328


Additions
29,700
19,195
8,266
57,161



At 31 December 2023

55,133
121,151
20,205
196,489



Depreciation


At 1 January 2023
1,413
18,260
948
20,621


Charge for the year on owned assets
15,985
55,545
5,146
76,676



At 31 December 2023

17,398
73,805
6,094
97,297



Net book value



At 31 December 2023
37,735
47,346
14,111
99,192



At 31 December 2022
24,020
83,696
10,991
118,707

Page 8

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
35,000
35,000


2023
2022
£
£

Due within one year

Trade debtors
3,149,097
2,008,548

Other debtors
106,538
223,207

Prepayments and accrued income
34,105
113,402

Amounts recoverable on long-term contracts
180,074
77,468

3,469,814
2,422,625



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
286,421
325,975

Amounts owed to group undertakings
237,695
78,566

Corporation tax
395,093
203,561

Other taxation and social security
74,074
175,599

Other creditors
1,596
41,750

Accruals and deferred income
366,828
92,724

1,361,707
918,175


Page 9

 
SHEEHAN NAGLE HARTRAY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Deferred taxation




2023
2022


£

£






At beginning of year
(23,419)
1,065


Charged to profit or loss
8,055
(24,484)



At end of year
(15,364)
(23,419)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(15,364)
(23,419)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1.00 each
100
100



10.


Pension commitments

The Company operates money purchase schemes in respect of the directors and employees. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge in the Statement of income and retained earnings represents contributions payable  by the company to the funds and amounted to £225,832 (2022 - £187,136). Contributions payable to the funds at the year end and included in creditors is £Nil (2022 - £41,750).


11.


Controlling party

The company is controlled by the parent company Woolpert Inc. This is the parent of the smallest and largest group for which consolidated financial statements are prepared. The registered office is 4454 Idea Center Blvd, Dayton, Greene 45430, United States.

12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 24 June 2024 by Gary Leonard (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 10