Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseConstruction of domestic buildings00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12757712 2023-01-01 2023-12-31 12757712 2023-12-31 12757712 2022-01-01 2022-12-31 12757712 2022-12-31 12757712 c:Director1 2023-01-01 2023-12-31 12757712 c:Director2 2023-01-01 2023-12-31 12757712 d:CurrentFinancialInstruments 2023-12-31 12757712 d:CurrentFinancialInstruments 2022-12-31 12757712 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12757712 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12757712 d:ShareCapital 2023-12-31 12757712 d:ShareCapital 2022-12-31 12757712 d:RetainedEarningsAccumulatedLosses 2023-12-31 12757712 d:RetainedEarningsAccumulatedLosses 2022-12-31 12757712 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 12757712 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 12757712 c:FRS102 2023-01-01 2023-12-31 12757712 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12757712 c:FullAccounts 2023-01-01 2023-12-31 12757712 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12757712 9 2023-01-01 2023-12-31 12757712 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12757712


HARPERCREWE (HIGHAM FERRERS) LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HARPERCREWE (HIGHAM FERRERS) LTD
REGISTERED NUMBER: 12757712

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
2,323,214
384,631

Debtors: amounts falling due within one year
 5 
99,962
35,721

Cash at bank and in hand
 6 
4,183
498

  
2,427,359
420,850

Creditors: amounts falling due within one year
 7 
(2,442,318)
(426,361)

Net current liabilities
  
 
 
(14,959)
 
 
(5,511)

Total assets less current liabilities
  
(14,959)
(5,511)

  

Net liabilities
  
(14,959)
(5,511)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(15,059)
(5,611)

  
(14,959)
(5,511)


Page 1

 
HARPERCREWE (HIGHAM FERRERS) LTD
REGISTERED NUMBER: 12757712
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




................................................
Adrian John Bloor
................................................
George Edward Martin Bossom
Director
Director
Date: 15 July 2024
Date: 15 July 2024

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

Page 2

 
HARPERCREWE (HIGHAM FERRERS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Harpercrewe (Higham Ferrers) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparing the 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.

 
2.2

Going concern

The financial statements are prepared on a going concern basis which assumes the Company will continue in operation and be able to meet its liabilities as they fall due for at least 12 months from the date of these financial statements.        
        
The Company (and the wider group to which it belongs) maintains detailed cash flow and covenant compliance models to ensure that the Company (and wider group) can continue to meet its liabilities as they fall due. These show that the Company will continue to have adequate cash to meet its liabilities as they fall due. Parent undertakings have confirmed they will support the Company in meeting its liabilities as and when they fall due, but only to the extent that money is not otherwise available to the Company to meet such liabilities.        
        
The Company and the wider group entities have received written confirmation that the ultimate beneficial owners would provide financial support as part of the “going concern” analysis in the group’s annual report.        

Page 3

 
HARPERCREWE (HIGHAM FERRERS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

Tax on the profit or loss for the year comprises current and deferred tax.  Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and many adjustments to tax payable in respect of previous years.
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for; differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable recognised on permanent diffferences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.
Deferred tax is measured at the tax rate that is expeced to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet.  Deferred tax balances are not discounted.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


 
2.4

Work in progress

Work in progress is stated at the lower of cost and net realisable value.  Costs include amounts incurred on development projects that are yet to commence.



 
2.5

Debtors

Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price, including any transaction costs, and subsequently measured at amortised cost determined using the effective interest rate, less any impairment losses for bad and doubtful debts.

 
2.6

Creditors

Short-term creditors are measured at the transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Page 4

 
HARPERCREWE (HIGHAM FERRERS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of expenditure required to settle the obligation, takinginto account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
Contingent liabilities are recognised as a provision when the likelihood of economic outflow is assessed as probable. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company's control.  Contingent liabilities are not recognised as a provision but are instead disclosed in the financial statements when the likelihood of economic settlement is deemed possible and not probable.  Contingent liabilities are not recognised as a disclosure when the probability of an outflow of resources is remote.


 
2.8

Financial instruments

Financial instruments, or their component parts, are classified on initial recognition as either a financial asset, a financial liability or an equity instrument in accordance with the substance of the contractual arrangement. Financial instruments are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial instruments are derecognised when the Company is no longer a party to the contractual provisions of the instrument.        
        
Financial assets        
Financial assets are stated at either a) cost or b) amortised cost using the effective interest method which is a method of calculating the amortised cost of a financial asset, where this differs from the original transaction value, and of allocating the interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial asset.        
(i) Cash and cash equivalents - cash is represented by cash in hand and on demand deposits less overdrafts.  Cash equivalents represents deposits held with financial institutions repayable without penalty on notice of not more than 24 hours.        
(ii) Trade receivables - trade receivables are recognised and carried at the original transaction value. A provision for impairment is established where there is evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables concerned.     
Financial liabilities        
Financial liabilities and equity are classified according to the substance of the financial instruments contractual obligations, rather than the financial instruments legal form.       
(i) Trade payables - trade payables are recognised and carried at the original transaction value.           

Page 5

 
HARPERCREWE (HIGHAM FERRERS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements in accordance with FRS 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, requires the use of certain critical accounting estimates and judgements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including exit date, expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on Directors' best knowledge of the amount, event or actions, actual results may differ from those estimates. The following is intended to provide an understanding of the policies that the Directors consider critical because of the level of complexity, judgement or estimation involved in their application and their impact on the financial statements.
Impairment of work in progress        
The Company regularly assesses whether there are any indications that the work in progress may be impaired. This assessment involves considering both internal and external factors, such as changes in market conditions, technological advancements, or physical damage to assets. If indicators of impairment are identified, the group estimates the recoverable amount of the work in progress. This involves determining the higher of its fair value less costs to sell and its value in use. The carrying amount of the work in progress is compared with its recoverable amount. If the carrying amount exceeds the recoverable amount, then impairment is recognised. If impairment is identified, an impairment loss is recognised. The impairment loss is calculated as the difference between the carrying amount of the work in progress and its recoverable amount.  
Deferred tax asset        
The Company assesses the probability of future taxable profits based on its business plans, forecasted financial performance, and other relevant factors. This assessment requires judgement and may involve consideration of factors such as historical profitability, industry trends, and economic conditions.              


3.


Employees




The Company has no employees. The Directors received no remuneration in the period.

Page 6

 
HARPERCREWE (HIGHAM FERRERS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Work in progress

2023
2022
£
£

Work in progress
2,323,214
384,631

2,323,214
384,631



5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
85,672
32,403

Other debtors
14,290
1,447

Deferred taxation
-
1,871

99,962
35,721



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,183
498

4,183
498



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,299
19,650

Amounts owed to group undertakings
2,401,098
375,308

Other creditors
-
31,403

Accruals and deferred income
33,921
-

2,442,318
426,361


Page 7

 
HARPERCREWE (HIGHAM FERRERS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
4,183
498



 
Page 8