Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12534997 2023-01-01 2023-12-31 12534997 2022-01-01 2022-12-31 12534997 2023-12-31 12534997 2022-12-31 12534997 c:Director1 2023-01-01 2023-12-31 12534997 d:OfficeEquipment 2023-01-01 2023-12-31 12534997 d:OfficeEquipment 2023-12-31 12534997 d:OfficeEquipment 2022-12-31 12534997 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12534997 d:ComputerSoftware 2023-12-31 12534997 d:ComputerSoftware 2022-12-31 12534997 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12534997 d:CurrentFinancialInstruments 2023-12-31 12534997 d:CurrentFinancialInstruments 2022-12-31 12534997 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12534997 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12534997 d:ShareCapital 2023-12-31 12534997 d:ShareCapital 2022-12-31 12534997 d:RetainedEarningsAccumulatedLosses 2023-12-31 12534997 d:RetainedEarningsAccumulatedLosses 2022-12-31 12534997 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12534997 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12534997 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 12534997 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 12534997 c:FRS102 2023-01-01 2023-12-31 12534997 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12534997 c:FullAccounts 2023-01-01 2023-12-31 12534997 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12534997 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12534997










HACKWOOD HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HACKWOOD HOLDINGS LIMITED
REGISTERED NUMBER: 12534997

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,833
4,333

Tangible assets
 5 
667
1,167

  
4,500
5,500

Current assets
  

Stocks
  
-
17,747

Debtors: amounts falling due within one year
 6 
419
5,672

Cash at bank and in hand
  
699
41

  
1,118
23,460

Creditors: amounts falling due within one year
 7 
(53,813)
(41,236)

Net current liabilities
  
 
 
(52,695)
 
 
(17,776)

Total assets less current liabilities
  
(48,195)
(12,276)

  

Net liabilities
  
(48,195)
(12,276)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(48,295)
(12,376)

  
(48,195)
(12,276)


Page 1

 
HACKWOOD HOLDINGS LIMITED
REGISTERED NUMBER: 12534997
    
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 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 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 18 September 2024.




C P Goddard
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Hackwood Holdings Limited (12534997) is a private company limited by shares. It is incorporated in England & Wales. Its registered office is Unit 5a Hackwood Business Park, Water End, Old Basing, Hampshire, RG24 7BA.

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

Going concern

At the end of the year the company has net liabilities of £48,195 (2022 £12,276). The company meets its day to day cash requirements with the support of the directors. This will continue for the forseeable future.   

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

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

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Intellectual Property
-
10
years

 
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 4

 
HACKWOOD HOLDINGS LIMITED
 
 
 
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:

Office equipment
-
25%

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 5

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

2.Accounting policies (continued)

 
2.11

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 the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Average number of employees
2
2


4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
5,000



At 31 December 2023

5,000



Amortisation


At 1 January 2023
667


Charge for the year on owned assets
500



At 31 December 2023

1,167



Net book value



At 31 December 2023
3,833



At 31 December 2022
4,333



Page 6

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

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
2,000



At 31 December 2023

2,000



Depreciation


At 1 January 2023
833


Charge for the year on owned assets
500



At 31 December 2023

1,333



Net book value



At 31 December 2023
667



At 31 December 2022
1,167


6.


Debtors

2023
2022
£
£


Trade debtors
168
-

Other debtors
251
1,802

Deferred taxation
-
3,870

419
5,672


Page 7

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
68
4,761

Other creditors
50,995
35,225

Accruals and deferred income
2,750
1,250

53,813
41,236



8.


Deferred taxation




2023


£






At beginning of year
3,870


Charged to profit or loss
(3,870)



At end of year
-

The deferred tax asset is made up as follows:

2023
2022
£
£


Fixed asset timing differences
-
(292)

Losses and other deductions
-
4,162

-
3,870

Page 8