Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-30false3true2022-08-01falseHotel management consultancy3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09061743 2022-08-01 2023-04-30 09061743 2021-08-01 2022-07-31 09061743 2023-04-30 09061743 2022-07-31 09061743 c:Director1 2022-08-01 2023-04-30 09061743 d:FurnitureFittings 2022-08-01 2023-04-30 09061743 d:FurnitureFittings 2023-04-30 09061743 d:FurnitureFittings 2022-07-31 09061743 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-04-30 09061743 d:ComputerEquipment 2022-08-01 2023-04-30 09061743 d:ComputerEquipment 2023-04-30 09061743 d:ComputerEquipment 2022-07-31 09061743 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-04-30 09061743 d:OwnedOrFreeholdAssets 2022-08-01 2023-04-30 09061743 d:CurrentFinancialInstruments 2023-04-30 09061743 d:CurrentFinancialInstruments 2022-07-31 09061743 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09061743 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09061743 d:ShareCapital 2023-04-30 09061743 d:ShareCapital 2022-07-31 09061743 d:RetainedEarningsAccumulatedLosses 2023-04-30 09061743 d:RetainedEarningsAccumulatedLosses 2022-07-31 09061743 c:OrdinaryShareClass1 2022-08-01 2023-04-30 09061743 c:OrdinaryShareClass1 2023-04-30 09061743 c:OrdinaryShareClass1 2022-07-31 09061743 c:FRS102 2022-08-01 2023-04-30 09061743 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-04-30 09061743 c:FullAccounts 2022-08-01 2023-04-30 09061743 c:PrivateLimitedCompanyLtd 2022-08-01 2023-04-30 09061743 e:PoundSterling 2022-08-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09061743









HETHERLEY ASSET MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
HETHERLEY ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 09061743

BALANCE SHEET
AS AT 30 APRIL 2023

30 April
31 July
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1

Current assets
  

Debtors: amounts falling due within one year
 5 
125,451
117,693

Cash at bank and in hand
  
89,106
46,880

  
214,557
164,573

Creditors: amounts falling due within one year
 6 
(214,346)
(152,752)

Net current assets
  
 
 
211
 
 
11,821

  

Net assets
  
211
11,822


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
210
11,821

  
211
11,822


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 period 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 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 by: 




C W Scudamore
Director

Date: 20 September 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
HETHERLEY ASSET MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Hetherley Asset Management Limited is a private company, limited by shares, and registered in England and Wales. The address of its registered office is 24 Old Bond Street, London, W1S 4AP.
The current period of accounts is for 9 months therefore not directly comparable to the year ended 31  July 2022.

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 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

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 2

 
HETHERLEY ASSET MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.3
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:

Fixtures and fittings
-
25%
straight-line
Computer equipment
-
25%
straight-line

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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
HETHERLEY ASSET MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pound sterling (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

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.

 
2.10

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.

 
2.11

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 4

 
HETHERLEY ASSET MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


     Period ended
       30 April
       Year ended
         31 July
        2023
        2022
            No.
            No.







3
3


4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 August 2022
240
24,575
24,815



At 30 April 2023

240
24,575
24,815



Depreciation


At 1 August 2022
240
24,574
24,814


Charge for the period on owned assets
-
1
1



At 30 April 2023

240
24,575
24,815



Net book value



At 30 April 2023
-
-
-



At 31 July 2022
-
1
1

Page 5

 
HETHERLEY ASSET MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

5.


Debtors

30 April
31 July
2023
2022
£
£


Trade debtors
-
11,340

Amounts owed by group undertakings
26,699
14,655

Other debtors
61,709
47,590

Prepayments and accrued income
37,043
44,108

125,451
117,693



6.


Creditors: Amounts falling due within one year

30 April
31 July
2023
2022
£
£

Trade creditors
26,508
2,829

Amounts owed to group undertakings
-
27,356

Corporation tax
14,268
8,145

Other taxation and social security
22,435
12,997

Other creditors
54,735
624

Accruals and deferred income
96,400
100,801

214,346
152,752



7.


Share capital

30 April
31 July
2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Contingent liabilities

At the balance sheet date the company had provided a guarantee in support of borrowings of £200,000 (31 July 2022 - £200,000) by a fellow subsidiary.

Page 6

 
HETHERLEY ASSET MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

9.


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 £2,610 (31 July 2022 - £3,488). Contributions totalling £439 (31 July 2022 - £625) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

The company has taken advantage of the exemption afforded by FRS102 not to disclose transactions or balances with other wholly owned members of the group.


11.


Controlling party

The immediate and ultimate parent company is Hetherley Capital Partners Limited, a company registered in England and Wales. The address of its registered office is 24 Old Bond Street, London, W1S 4AP.


Page 7