Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08230453 2023-01-01 2023-12-31 08230453 2022-01-01 2022-12-31 08230453 2023-12-31 08230453 2022-12-31 08230453 c:Director1 2023-01-01 2023-12-31 08230453 c:Director2 2023-01-01 2023-12-31 08230453 c:Director3 2023-01-01 2023-12-31 08230453 c:RegisteredOffice 2023-01-01 2023-12-31 08230453 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 08230453 d:Buildings d:LongLeaseholdAssets 2023-12-31 08230453 d:Buildings d:LongLeaseholdAssets 2022-12-31 08230453 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 08230453 d:Buildings d:ShortLeaseholdAssets 2023-12-31 08230453 d:Buildings d:ShortLeaseholdAssets 2022-12-31 08230453 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08230453 d:CurrentFinancialInstruments 2023-12-31 08230453 d:CurrentFinancialInstruments 2022-12-31 08230453 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08230453 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08230453 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08230453 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08230453 d:ShareCapital 2023-12-31 08230453 d:ShareCapital 2022-12-31 08230453 d:CapitalRedemptionReserve 2023-12-31 08230453 d:CapitalRedemptionReserve 2022-12-31 08230453 d:RevaluationReserve 2023-12-31 08230453 d:RevaluationReserve 2022-12-31 08230453 d:RetainedEarningsAccumulatedLosses 2023-12-31 08230453 d:RetainedEarningsAccumulatedLosses 2022-12-31 08230453 c:FRS102 2023-01-01 2023-12-31 08230453 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08230453 c:FullAccounts 2023-01-01 2023-12-31 08230453 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08230453 5 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 08230453







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


MSHW LTD






































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MSHW LTD
 


 
COMPANY INFORMATION


Directors
Mr Haydon Robinson 
Mr Mark Robinson 
Mrs Wendy Robinson 




Registered number
08230453



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
54 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


MSHW LTD
REGISTERED NUMBER:08230453



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
1,324,680
1,349,459

  
1,324,680
1,349,459

Current assets
  

Debtors: amounts falling due within one year
 5 
265,913
272,936

Cash at bank and in hand
  
15,316
13,117

  
281,229
286,053

Creditors: amounts falling due within one year
 6 
(31,122)
(35,692)

Net current assets
  
 
 
250,107
 
 
250,361

Total assets less current liabilities
  
1,574,787
1,599,820

Creditors: amounts falling due after more than one year
  
(280,000)
(280,000)

  

Net assets
  
1,294,787
1,319,820


Capital and reserves
  

Called up share capital 
  
99
99

Revaluation reserve
  
1,166,150
1,166,150

Capital redemption reserve
  
1
1

Profit and loss account
  
128,537
153,570

  
1,294,787
1,319,820


Page 1

 


MSHW LTD
REGISTERED NUMBER:08230453


    
STATEMENT OF FINANCIAL POSITION (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 on 6 September 2024.




Mr Mark Robinson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MSHW LTD
 


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

1.


General information

MSHW Ltd is a company, limited by shares, incorporated in England and Wales with company registration number  08230453. The registered office and principal place of business are 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

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

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.

 
2.4

Borrowing costs

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

 
2.5

Taxation

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.

 
2.6

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.

Page 3

 


MSHW LTD
 


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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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
-
2%
on cost
Improvements to property
-
10%
on cost

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.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 


MSHW LTD
 


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

4.


Tangible fixed assets





Long-term leasehold property
Improvement on property
Total

£
£
£



Cost or valuation


At 1 January 2023
1,470,000
63,063
1,533,063



At 31 December 2023

1,470,000
63,063
1,533,063



Depreciation


At 1 January 2023
123,144
60,460
183,604


Charge for the year on owned assets
22,177
2,602
24,779



At 31 December 2023

145,321
63,062
208,383



Net book value



At 31 December 2023
1,324,679
1
1,324,680



At 31 December 2022
1,346,856
2,603
1,349,459


5.


Debtors

2023
2022
£
£


Trade debtors
-
28,661

Amounts owed by group undertakings
263,345
240,956

Prepayments and accrued income
2,568
3,319

265,913
272,936



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,659
11,554

Other taxation and social security
1,403
1,256

Accruals and deferred income
23,060
22,882

31,122
35,692


Page 5

 


MSHW LTD
 


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

7.


Related party transactions

As at year end, within other debtors, there is an amount of £263,345 (2022: £240,956) owed from companies under common control. 


8.


Controlling party

The parent company is Haymar Group Limited. The company registerd in England and Wales. The registered office is Lynton House, 7-12,Tavistock Square, London, United Kingdom, WC1H 9LT.

 
Page 6