Caseware UK (AP4) 2023.0.135 2023.0.135 62023-01-01falseActivities of open-ended investments5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI622335 2023-01-01 2023-12-31 NI622335 2022-01-01 2022-12-31 NI622335 2023-12-31 NI622335 2022-12-31 NI622335 c:Director1 2023-01-01 2023-12-31 NI622335 c:Director2 2023-01-01 2023-12-31 NI622335 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 NI622335 d:Buildings d:LongLeaseholdAssets 2023-12-31 NI622335 d:Buildings d:LongLeaseholdAssets 2022-12-31 NI622335 d:FurnitureFittings 2023-01-01 2023-12-31 NI622335 d:FurnitureFittings 2023-12-31 NI622335 d:FurnitureFittings 2022-12-31 NI622335 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI622335 d:OfficeEquipment 2023-01-01 2023-12-31 NI622335 d:OfficeEquipment 2023-12-31 NI622335 d:OfficeEquipment 2022-12-31 NI622335 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI622335 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI622335 d:Goodwill 2023-01-01 2023-12-31 NI622335 d:Goodwill 2023-12-31 NI622335 d:Goodwill 2022-12-31 NI622335 d:CurrentFinancialInstruments 2023-12-31 NI622335 d:CurrentFinancialInstruments 2022-12-31 NI622335 d:Non-currentFinancialInstruments 2023-12-31 NI622335 d:Non-currentFinancialInstruments 2022-12-31 NI622335 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI622335 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI622335 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI622335 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 NI622335 d:ShareCapital 2023-12-31 NI622335 d:ShareCapital 2022-12-31 NI622335 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI622335 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI622335 c:FRS102 2023-01-01 2023-12-31 NI622335 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI622335 c:FullAccounts 2023-01-01 2023-12-31 NI622335 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI622335 2 2023-01-01 2023-12-31 NI622335 6 2023-01-01 2023-12-31 NI622335 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 NI622335 3 2023-12-31 NI622335 3 2022-12-31 NI622335 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: NI622335










S Hill & Co Investment Advisers Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2023

 
S Hill & Co Investment Advisers Limited
Registered number: NI622335

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
400,000
500,000

Tangible assets
 5 
2,831
3,777

Investments
 6 
43,972
40,724

  
446,803
544,501

Current assets
  

Debtors: amounts falling due within one year
 7 
727,655
329,827

Cash at bank and in hand
  
1,088,945
995,170

  
1,816,600
1,324,997

Creditors: amounts falling due within one year
 8 
(275,835)
(189,774)

Net current assets
  
 
 
1,540,765
 
 
1,135,223

Total assets less current liabilities
  
1,987,568
1,679,724

Creditors: amounts falling due after more than one year
 9 
(14,250)
(25,148)

  

Net assets
  
1,973,318
1,654,576


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,973,218
1,654,476

  
1,973,318
1,654,576


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S Hill & Co Investment Advisers Limited
Registered number: NI622335

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 Period 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 March 2024.




Stephen Hill
Claire Geddis
Director
Director

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

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S Hill & Co Investment Advisers Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2023

1.


General information

S Hill & Co Investment Advisers Limited is a company limited by shares incorporated and registered in
Northern Ireland. The registered number of the company is NI622335. The registered office of the company is 238 Upper Newtownards Road, Belfast, BT4 3EU which is also the principal place of business of the company. The principal activity of the company during the year was that of an open ended investment company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

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

The financial statements have been prepared using the going concern basis of accounting. The directors have considered the resources available to the company and all other current information available to the company and they believe that the going concern basis of accounting is appropriate.

  
2.3

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

 
2.4

Interest income

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

 
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

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.

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S Hill & Co Investment Advisers Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Intangible assets

                  Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life of 10 years.


 
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 a straight line and reducing balance method..

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight line
Fixtures and fittings
-
20%
Straight line
Office equipment
-
25%
Reducing balance

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

Valuation of investments

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.

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S Hill & Co Investment Advisers Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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 the directors, during the Period was as follows:


        2023
        2022
            No.
            No.







Directors
2
2



Employees
3
4

5
6

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S Hill & Co Investment Advisers Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
1,000,000



At 31 December 2023

1,000,000



Amortisation


At 1 January 2023
500,000


Charge for the Period on owned assets
100,000



At 31 December 2023

600,000



Net book value



At 31 December 2023
400,000



At 31 December 2022
500,000



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S Hill & Co Investment Advisers Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2023

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
284
1,797
7,815
9,896



At 31 December 2023

284
1,797
7,815
9,896



Depreciation


At 1 January 2023
141
554
5,424
6,119


Charge for the Period on owned assets
28
320
598
946



At 31 December 2023

169
874
6,022
7,065



Net book value



At 31 December 2023
115
923
1,793
2,831



At 31 December 2022
143
1,243
2,391
3,777


6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2023
40,724


Revaluations
3,248



At 31 December 2023
43,972






Net book value



At 31 December 2023
43,972



At 31 December 2022
40,724

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S Hill & Co Investment Advisers Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2023

7.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
12,883
-

Other debtors
534,410
329,827

Tax recoverable
180,362
-

727,655
329,827



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,654
9,645

Amounts owed to group undertakings
-
1,528

Corporation tax
223,516
137,837

Other taxation and social security
882
5,552

Other creditors
825
548

Accruals and deferred income
39,958
34,664

275,835
189,774



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,250
25,148

14,250
25,148



10.


Director's advances, credits and guarantees

During the financial year, the company made loans to directors amounting to £204,580 (2022: £329,827). The balance outstanding at the year end was £534,407 (2022: £329,827). Interest is charged at a rate of 2.50% per annum and the loan is repayable on demand.


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