Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22truefalse 11113735 2023-01-01 2023-12-31 11113735 2022-01-01 2022-12-31 11113735 2023-12-31 11113735 2022-12-31 11113735 2022-01-01 11113735 c:Director1 2023-01-01 2023-12-31 11113735 d:CurrentFinancialInstruments 2023-12-31 11113735 d:CurrentFinancialInstruments 2022-12-31 11113735 d:Non-currentFinancialInstruments 2023-12-31 11113735 d:Non-currentFinancialInstruments 2022-12-31 11113735 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11113735 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11113735 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11113735 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11113735 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11113735 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11113735 d:ShareCapital 2023-12-31 11113735 d:ShareCapital 2022-12-31 11113735 d:ShareCapital 2022-01-01 11113735 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2023-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2022-12-31 11113735 d:RetainedEarningsAccumulatedLosses 2022-01-01 11113735 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11113735 c:OrdinaryShareClass1 2023-12-31 11113735 c:OrdinaryShareClass1 2022-12-31 11113735 c:FRS102 2023-01-01 2023-12-31 11113735 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11113735 c:FullAccounts 2023-01-01 2023-12-31 11113735 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11113735 d:Subsidiary1 2023-01-01 2023-12-31 11113735 d:Subsidiary1 1 2023-01-01 2023-12-31 11113735 6 2023-01-01 2023-12-31 11113735 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number:  11113735














BEERS TIMBER HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


 
BEERS TIMBER HOLDINGS LIMITED
REGISTERED NUMBER: 11113735

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,015,127
1,015,127

  
1,015,127
1,015,127

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,523

Cash at bank and in hand
 6 
3,255
1,932

  
3,255
3,455

Creditors: amounts falling due within one year
 7 
(279,383)
(311,706)

Net current liabilities
  
 
 
(276,128)
 
 
(308,251)

Total assets less current liabilities
  
738,999
706,876

Creditors: amounts falling due after more than one year
 8 
(250,000)
(356,507)

  

Net assets
  
488,999
350,369


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
488,899
350,269

  
488,999
350,369


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.

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.



 
Page 1

 
BEERS TIMBER HOLDINGS LIMITED
REGISTERED NUMBER: 11113735
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 9 form part of these financial statements.

Page 2

 
BEERS TIMBER HOLDINGS LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
100
350,269
350,369



Profit for the year
-
138,630
138,630


At 31 December 2023
100
488,899
488,999


The notes on pages 4 to 9 form part of these financial statements.


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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
100
276,449
276,549



Profit for the year
-
73,820
73,820


At 31 December 2022
100
350,269
350,369


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Beers Timber Holdings Limited is a private company limited by shares, registered in the United Kingdom. The company number is 11113735. Its registered office is Windrush 15 Links Hey Road, Caldy, Wirral, CH48 1NA.

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

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.

Page 4

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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 balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,015,127



At 31 December 2023
1,015,127





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Tonge Bridge Timber Sales (UK) Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Tonge Bridge Timber Sales (UK) Limited
2,353,572
58,071


5.


Debtors

2023
2022
£
£


Other debtors
-
1,523

-
1,523


Page 7

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,255
1,932

3,255
1,932



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
202,055

Amounts owed to group undertakings
97,500
39,135

Amounts owed to associates
133,000
52,000

Corporation tax
42,633
17,316

Other taxation and social security
5,000
-

Accruals
1,250
1,200

279,383
311,706


Bank loans are secured upon the asset to which they relate.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
106,507

Amounts owed to associates
250,000
250,000

250,000
356,507


Bank loans are secured upon the asset to which they relate.

Page 8

 
BEERS TIMBER HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
202,053

Amounts falling due 1-2 years

Bank loans
-
106,507



-
308,560



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



11.


Related party transactions

Included within creditors is an amount of £480,500 (2022: £341,135) owed to related parties.
During the year the company charged a management fee of £182,613 (2022: £117,387) to its subsidiary.
All transactions are at an arms length basis.


12.


Ultimate controlling party

The company is controlled by the directors

 
Page 9