Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01Holding company33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06452448 2023-01-01 2023-12-31 06452448 2022-01-01 2022-12-31 06452448 2023-12-31 06452448 2022-12-31 06452448 c:Director1 2023-01-01 2023-12-31 06452448 d:Buildings 2023-01-01 2023-12-31 06452448 d:Buildings 2023-12-31 06452448 d:Buildings 2022-12-31 06452448 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06452448 d:PlantMachinery 2023-01-01 2023-12-31 06452448 d:PlantMachinery 2023-12-31 06452448 d:PlantMachinery 2022-12-31 06452448 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06452448 d:MotorVehicles 2023-01-01 2023-12-31 06452448 d:MotorVehicles 2023-12-31 06452448 d:MotorVehicles 2022-12-31 06452448 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06452448 d:FurnitureFittings 2023-01-01 2023-12-31 06452448 d:FurnitureFittings 2023-12-31 06452448 d:FurnitureFittings 2022-12-31 06452448 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06452448 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06452448 d:LeaseholdInvestmentProperty 2023-12-31 06452448 d:LeaseholdInvestmentProperty 2022-12-31 06452448 d:CurrentFinancialInstruments 2023-12-31 06452448 d:CurrentFinancialInstruments 2022-12-31 06452448 d:Non-currentFinancialInstruments 2023-12-31 06452448 d:Non-currentFinancialInstruments 2022-12-31 06452448 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06452448 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06452448 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06452448 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06452448 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06452448 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06452448 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06452448 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06452448 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 06452448 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 06452448 d:ShareCapital 2023-12-31 06452448 d:ShareCapital 2022-12-31 06452448 d:RevaluationReserve 2023-01-01 2023-12-31 06452448 d:RevaluationReserve 2023-12-31 06452448 d:RevaluationReserve 2022-12-31 06452448 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06452448 d:RetainedEarningsAccumulatedLosses 2023-12-31 06452448 d:RetainedEarningsAccumulatedLosses 2022-12-31 06452448 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06452448 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06452448 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 06452448 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 06452448 c:OrdinaryShareClass2 2023-01-01 2023-12-31 06452448 c:OrdinaryShareClass2 2023-12-31 06452448 c:OrdinaryShareClass2 2022-12-31 06452448 c:OrdinaryShareClass3 2023-01-01 2023-12-31 06452448 c:OrdinaryShareClass3 2023-12-31 06452448 c:OrdinaryShareClass3 2022-12-31 06452448 c:OrdinaryShareClass4 2023-01-01 2023-12-31 06452448 c:OrdinaryShareClass4 2023-12-31 06452448 c:OrdinaryShareClass4 2022-12-31 06452448 c:OrdinaryShareClass5 2023-01-01 2023-12-31 06452448 c:OrdinaryShareClass5 2023-12-31 06452448 c:OrdinaryShareClass5 2022-12-31 06452448 c:FRS102 2023-01-01 2023-12-31 06452448 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06452448 c:FullAccounts 2023-01-01 2023-12-31 06452448 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06452448 2 2023-01-01 2023-12-31 06452448 5 2023-01-01 2023-12-31 06452448 6 2023-01-01 2023-12-31 06452448 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06452448










REES ASTLEY (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
REES ASTLEY (HOLDINGS) LIMITED
REGISTERED NUMBER:06452448

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
731,429
748,522

Investments
 6 
2,207,584
2,207,584

Investment property
 7 
425,000
425,000

  
3,364,013
3,381,106

Current assets
  

Debtors: amounts falling due within one year
 8 
18,015
19,913

Cash at bank and in hand
 9 
75,047
69,891

  
93,062
89,804

Creditors: amounts falling due within one year
 10 
(75,258)
(77,382)

Net current assets
  
 
 
17,804
 
 
12,422

Total assets less current liabilities
  
3,381,817
3,393,528

Creditors: amounts falling due after more than one year
 11 
(486,556)
(513,829)

  

Net assets
  
2,895,261
2,879,699


Capital and reserves
  

Called up share capital 
 14 
192
192

Revaluation reserve
 15 
59,979
61,730

Profit and loss account
 15 
2,835,090
2,817,777

  
2,895,261
2,879,699


Page 1

 
REES ASTLEY (HOLDINGS) LIMITED
REGISTERED NUMBER:06452448
    
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 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 9 September 2024.




S G Sadler
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Rees Astley (Holdings) Limited, 06452448, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 29 North Parade, Aberystwyth, Ceredigion, SY23 2JN.
The principal activity of the Company continues to be that of property holding and business management.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

Page 3

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
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.

 
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.

Page 4

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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:

Freehold property
-
2%
Plant and machinery
-
50%
Motor vehicles
-
20%
Fixtures and fittings
-
50%

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

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 balance sheet 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.

 
2.11

Investment property

Investment property is carried at fair value determined annually by the Directors 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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.

 
2.17

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.

 
2.18

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.

Page 6

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

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


5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
909,131
5,535
8,865
-
923,531


Additions
-
-
-
603
603



At 31 December 2023

909,131
5,535
8,865
603
924,134



Depreciation


At 1 January 2023
165,483
5,535
3,990
-
175,008


Charge for the year on owned assets
15,623
-
1,772
302
17,697



At 31 December 2023

181,106
5,535
5,762
302
192,705



Net book value



At 31 December 2023
728,025
-
3,103
301
731,429



At 31 December 2022
743,647
-
4,875
-
748,522

Page 7

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
2,207,584



At 31 December 2023
2,207,584





7.


Investment property


Long term leasehold investment property

£



Valuation


At 1 January 2023
425,000



At 31 December 2023
425,000

The 2023 valuations were made by the Directors, on an open market value for existing use basis.








8.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
772
3,469

Other debtors
-
328

Prepayments and accrued income
2,616
1,857

Deferred taxation
14,627
14,259

18,015
19,913


Page 8

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
75,047
69,891

75,047
69,891



10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
32,546
33,383

Trade creditors
3,443
8,584

Amounts owed to group undertakings
29,847
24,415

Other taxation and social security
3,258
3,627

Accruals and deferred income
6,164
7,373

75,258
77,382


The following liabilities were secured:

2023
2022
£
£



Bank loans
32,546
33,383

32,546
33,383

Details of security provided:

The bank loans are secured upon the assets of this company and it's subsidiaries.

Page 9

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
486,556
513,829

486,556
513,829


The following liabilities were secured:

2023
2022
£
£



Bank loans
486,556
513,829

486,556
513,829

Details of security provided:

The bank loans are secured upon the assets of this company and it's subsidiaries.

Page 10

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
32,545
33,383


32,545
33,383

Amounts falling due 1-2 years

Bank loans
33,437
35,821


33,437
35,821

Amounts falling due 2-5 years

Bank loans
96,269
125,479


96,269
125,479

Amounts falling due after more than 5 years

Bank loans
356,850
352,529

356,850
352,529

519,101
547,212


Page 11

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Deferred taxation




2023


£






At beginning of year
14,259


Charged to profit or loss
368



At end of year
14,627

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(851)
(1,219)

Tax losses carried forward
15,478
15,478

14,627
14,259


14.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



63 (2022 - 63) Ordinary X shares of £1.00 each
63
63
63 (2022 - 63) Ordinary Y shares of £1.00 each
63
63
63 (2022 - 63) Ordinary Z shares of £1.00 each
63
63
1 (2022 - 1) Ordinary A share of £1.00
1
1
1 (2022 - 1) Ordinary B share of £1.00
1
1
1 (2022 - 1) Ordinary C share of £1.00
1
1

192

192


Page 12

 
REES ASTLEY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

15.


Reserves

Revaluation reserve

The revaluation reserve consists of the value of freehold property held by the Company, in excess of the historic cost.

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.


16.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £43,800 (2022: £43,800). No funds were payable to the fund at the balance sheet date.

 
Page 13