Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueNo description of principal activity22023-01-01false2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04310433 2023-01-01 2023-12-31 04310433 2022-01-01 2022-12-31 04310433 2023-12-31 04310433 2022-12-31 04310433 2022-01-01 04310433 c:Director1 2023-01-01 2023-12-31 04310433 d:PlantMachinery 2023-01-01 2023-12-31 04310433 d:PlantMachinery 2023-12-31 04310433 d:PlantMachinery 2022-12-31 04310433 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04310433 d:FurnitureFittings 2023-01-01 2023-12-31 04310433 d:FurnitureFittings 2023-12-31 04310433 d:FurnitureFittings 2022-12-31 04310433 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04310433 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04310433 d:FreeholdInvestmentProperty 2023-12-31 04310433 d:FreeholdInvestmentProperty 2022-12-31 04310433 d:CurrentFinancialInstruments 2023-12-31 04310433 d:CurrentFinancialInstruments 2022-12-31 04310433 d:Non-currentFinancialInstruments 2023-12-31 04310433 d:Non-currentFinancialInstruments 2022-12-31 04310433 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04310433 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04310433 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04310433 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04310433 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04310433 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04310433 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04310433 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04310433 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 04310433 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 04310433 d:ShareCapital 2023-12-31 04310433 d:ShareCapital 2022-12-31 04310433 d:ShareCapital 2022-01-01 04310433 d:SharePremium 2023-12-31 04310433 d:SharePremium 2022-12-31 04310433 d:SharePremium 2022-01-01 04310433 d:RevaluationReserve 2023-12-31 04310433 d:RevaluationReserve 2022-12-31 04310433 d:RevaluationReserve 2022-01-01 04310433 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04310433 d:RetainedEarningsAccumulatedLosses 2023-12-31 04310433 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04310433 d:RetainedEarningsAccumulatedLosses 2022-12-31 04310433 d:RetainedEarningsAccumulatedLosses 2022-01-01 04310433 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04310433 c:OrdinaryShareClass1 2023-12-31 04310433 c:OrdinaryShareClass1 2022-12-31 04310433 c:FRS102 2023-01-01 2023-12-31 04310433 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04310433 c:FullAccounts 2023-01-01 2023-12-31 04310433 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04310433 2 2023-01-01 2023-12-31 04310433 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  04310433














A J BEER & COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


 
A J BEER & COMPANY LIMITED
REGISTERED NUMBER: 04310433

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
79
105

Investment property
 5 
9,332,737
9,332,737

  
9,332,816
9,332,842

Current assets
  

Debtors
 6 
167,557
284,000

Cash at bank and in hand
 7 
334,474
127,789

  
502,031
411,789

Creditors: amounts falling due within one year
 8 
(170,486)
(136,142)

Net current assets
  
 
 
331,545
 
 
275,647

Total assets less current liabilities
  
9,664,361
9,608,489

Creditors: amounts falling due after more than one year
 9 
(660,479)
(742,513)

Provisions for liabilities
  

Deferred tax
  
(1,246,100)
(1,246,100)

  
 
 
(1,246,100)
 
 
(1,246,100)

Net assets
  
7,757,782
7,619,876


Capital and reserves
  

Called up share capital 
 11 
7,816
7,816

Share premium account
 12 
817,649
817,649

Revaluation reserve
 12 
6,375,605
6,375,605

Profit and loss account
 12 
556,712
418,806

  
7,757,782
7,619,876


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
A J BEER & COMPANY LIMITED
REGISTERED NUMBER: 04310433
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


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 on 6 September 2024.




M J T Beer
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
A J BEER & COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2023
7,816
817,649
6,375,605
418,806
7,619,876



Profit for the year
-
-
-
137,906
137,906


At 31 December 2023
7,816
817,649
6,375,605
556,712
7,757,782


The notes on pages 4 to 10 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2022
7,816
817,649
6,375,605
312,579
7,513,649



Profit for the year
-
-
-
106,227
106,227


At 31 December 2022
7,816
817,649
6,375,605
418,806
7,619,876


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

A J Beer & Company Limited is a private limited company, limited by shares, incorporated in England and Wales.  Its registered office is Windrush, 15 Links Hey Road, Caldy, Wirral, CH48 1NA.  The company number is 04310433.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

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 5

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 6

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
30,363
5,119
35,482



At 31 December 2023

30,363
5,119
35,482



Depreciation


At 1 January 2023
30,274
5,104
35,378


Charge for the year on owned assets
22
3
25



At 31 December 2023

30,296
5,107
35,403



Net book value



At 31 December 2023
67
12
79



At 31 December 2022
90
15
105

Page 7

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Investment property

£



Valuation


At 1 January 2023
9,332,737



At 31 December 2023
9,332,737

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,865,304
1,865,304

1,865,304
1,865,304


6.


Debtors

2023
2022
£
£



Trade debtors
28,122
4,000

Amounts owed by joint ventures and associated undertakings
119,350
280,000

Prepayments and accrued income
20,085
-

167,557
284,000



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
334,474
127,789

334,474
127,789


Page 8

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
89,870
86,318

Corporation tax
42,461
23,753

Other taxation and social security
24,093
10,256

Accruals and deferred income
14,062
15,815

170,486
136,142


Bank loans are secured on the properties to which they relate.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
660,479
742,513

660,479
742,513


Bank loans are secured on the properties to which they relate.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
89,870
86,318

Amounts falling due 1-2 years

Bank loans
95,539
91,919

Amounts falling due 2-5 years

Bank loans
324,317
305,486

Amounts falling due after more than 5 years

Bank loans
240,623
345,109

750,349
828,832


Page 9

 
A J BEER & COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



7,816 (2022 - 7,816) Ordinary shares of £1.00 each
7,816
7,816



12.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.


13.


Related party transactions

Included within other debtors is a balance of £119,350 (2022: £280,000) owed from related parties.
All transactions were conducted at an arms length basis.


14.


Controlling party

The company is controlled by its directors.

 
Page 10