Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3112023-02-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04647412 2023-02-01 2024-01-31 04647412 2022-02-01 2023-01-31 04647412 2024-01-31 04647412 2023-01-31 04647412 c:Director1 2023-02-01 2024-01-31 04647412 d:Buildings 2023-02-01 2024-01-31 04647412 d:Buildings 2024-01-31 04647412 d:Buildings 2023-01-31 04647412 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 04647412 d:FreeholdInvestmentProperty 2024-01-31 04647412 d:FreeholdInvestmentProperty 2023-01-31 04647412 d:CurrentFinancialInstruments 2024-01-31 04647412 d:CurrentFinancialInstruments 2023-01-31 04647412 d:Non-currentFinancialInstruments 2024-01-31 04647412 d:Non-currentFinancialInstruments 2023-01-31 04647412 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04647412 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04647412 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 04647412 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 04647412 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 04647412 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 04647412 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 04647412 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 04647412 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 04647412 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 04647412 d:ShareCapital 2024-01-31 04647412 d:ShareCapital 2023-01-31 04647412 d:RetainedEarningsAccumulatedLosses 2024-01-31 04647412 d:RetainedEarningsAccumulatedLosses 2023-01-31 04647412 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 04647412 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 04647412 c:OrdinaryShareClass1 2023-02-01 2024-01-31 04647412 c:OrdinaryShareClass1 2024-01-31 04647412 c:OrdinaryShareClass1 2023-01-31 04647412 c:OrdinaryShareClass2 2023-02-01 2024-01-31 04647412 c:OrdinaryShareClass2 2024-01-31 04647412 c:OrdinaryShareClass2 2023-01-31 04647412 c:FRS102 2023-02-01 2024-01-31 04647412 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04647412 c:FullAccounts 2023-02-01 2024-01-31 04647412 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04647412 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04647412














COLOURFUL HOMES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2024

 
COLOURFUL HOMES LIMITED
REGISTERED NUMBER: 04647412

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
124,000
124,000

Investment property
 5 
2,548,200
2,296,659

  
2,672,200
2,420,659

Current assets
  

Debtors: amounts falling due within one year
 6 
163,315
170,882

Cash at bank and in hand
  
164,005
178,615

  
327,320
349,497

Creditors: amounts falling due within one year
 7 
(271,310)
(85,859)

Net current assets
  
 
 
56,010
 
 
263,638

Total assets less current liabilities
  
2,728,210
2,684,297

Creditors: amounts falling due after more than one year
 8 
(1,522,896)
(1,525,947)

Net assets
  
£1,205,314
£1,158,350


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
1,205,214
1,158,250

  
£1,205,314
£1,158,350


Page 1

 
COLOURFUL HOMES LIMITED
REGISTERED NUMBER: 04647412

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 11 September 2024.




___________________________
J C O'Donovan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Colourful Homes Limited is a private company limited by shares and is incorporated in England and Wales. The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of business is Unit 26, Green Acres, Trading Estate, Aveley Road, Upminster, Essex, RM14 2TN.

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

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

Page 3

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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.

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 land
-
0% straight line basis

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

Investment property

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

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 5

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Freehold land



Cost or valuation


At 1 February 2023
124,000



At 31 January 2024

124,000






Net book value



At 31 January 2024
£124,000



At 31 January 2023
£124,000

Page 6

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Investment property


Freehold investment property



Valuation


At 1 February 2023
2,296,659


Additions at cost
251,541



At 31 January 2024
2,548,200

The 2024 valuations were made by J O'Donovan, the director, on an open market value for existing use basis.







6.


Debtors

2024
2023


Other debtors
161,715
170,882

Prepayments and accrued income
1,600
-

£163,315
£170,882



7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
19,799
38,426

Trade creditors
37,323
39

Corporation tax
14,847
5,755

Other taxation and social security
8,052
8,060

Other creditors
149,406
337

Accruals and deferred income
41,883
33,242

£271,310
£85,859


Page 7

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
1,522,896
1,525,947

£1,522,896
£1,525,947


Bank loans are secured by fixed and floating charges over the freehold and leasehold property owned by the company.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
19,799
38,426


19,799
38,426

Amounts falling due 1-2 years

Bank loans
47,284
47,284


47,284
47,284

Amounts falling due 2-5 years

Bank loans
322,784
322,784


322,784
322,784

Amounts falling due after more than 5 years

Bank loans
1,152,828
1,155,879


1,152,828
1,155,879

£1,542,695
£1,564,373


Page 8

 
COLOURFUL HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
£164,005
£178,615




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


Share capital

2024
2023
Allotted, called up and fully paid



75 (2023 - 75) 'A' Ordinary shares of £1.00 each
75
75
25 (2023 - 25) 'B' Ordinary shares of £1.00 each
25
25

£100

£100



12.


Related party transactions

During the year the company received loans totalling £Nil (2023: £8,000) and loaned funds totalling £Nil (2023: £100,000) to Active Plant Hire Limited. The amount due by Active Plant Hire Limited at the balance sheet date was £91,563 (2023: £91,563.). J C O'Donovan, the director of the company, has a material interest in the transactions by virtue of his shareholding in the ultimate parent undertaking of Active C & P Holdings Limited.
During the year the company loaned funds of £Nil (2023: £70,000) to Active Civil Engineering Limited. The amount due by Active Civil Engineering Limited at the balance sheet date was £70,000 (2023: £70,000). J C O'Donovan, the director of the company, has a material interest in the transactions by virtue of his shareholding in the ultimate parent undertaking of Active C & P Holdings Limited.


13.


Controlling party

Mr J C O'Donovan, a director of the company has control of the company as a result of controlling, directly or indirectly, 100% of the issued share capital of the company.

Page 9