Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06209099 2023-01-01 2023-12-31 06209099 2022-01-01 2022-12-31 06209099 2023-12-31 06209099 2022-12-31 06209099 c:Director1 2023-01-01 2023-12-31 06209099 c:Director2 2023-01-01 2023-12-31 06209099 d:PlantMachinery 2023-01-01 2023-12-31 06209099 d:PlantMachinery 2023-12-31 06209099 d:PlantMachinery 2022-12-31 06209099 d:CurrentFinancialInstruments 2023-12-31 06209099 d:CurrentFinancialInstruments 2022-12-31 06209099 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06209099 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06209099 d:ShareCapital 2023-12-31 06209099 d:ShareCapital 2022-12-31 06209099 d:RetainedEarningsAccumulatedLosses 2023-12-31 06209099 d:RetainedEarningsAccumulatedLosses 2022-12-31 06209099 c:FRS102 2023-01-01 2023-12-31 06209099 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06209099 c:FullAccounts 2023-01-01 2023-12-31 06209099 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06209099 2 2023-01-01 2023-12-31 06209099 6 2023-01-01 2023-12-31 06209099 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 06209099














STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
REGISTERED NUMBER:06209099

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022

FIXED ASSETS
  

Tangible assets
 4 
1
1

Investments
 5 
1,110,788
1,110,788

  
1,110,789
1,110,789

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
1,511,439
1,638,056

Cash at bank and in hand
  
1,392,128
1,074,190

  
2,903,567
2,712,246

Creditors: amounts falling due within one year
 7 
(18,549)
(9,154)

NET CURRENT ASSETS
  
 
 
2,885,018
 
 
2,703,092

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,995,807
3,813,881

  

NET ASSETS
  
£3,995,807
£3,813,881


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
3,995,707
3,813,781

  
£3,995,807
£3,813,881


Page 1

 
STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
REGISTERED NUMBER:06209099

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 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 24 September 2024.




................................................
P M Plews
................................................
S E Plews
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Stephen Lower Insurance Services Holdings Limited is a private company limited by shares. The company registration number is 06209099, incorporated in England and Wales. The registered office of the company is 145 New Dover Road, Capel-le-Ferne, Folkestone, Kent, CT18 7JR.

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

Interest income

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

 
2.3

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.

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
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.

Page 3

 
STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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 2 (2022 -2).

Page 4

 
STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery



Cost or valuation


At 1 January 2023
34,797



At 31 December 2023

34,797



Depreciation


At 1 January 2023
34,796



At 31 December 2023

34,796



Net book value



At 31 December 2023
£1



At 31 December 2022
£1


5.


Fixed asset investments





Investment in subsidiary companies



Cost or valuation


At 1 January 2023
1,110,788



At 31 December 2023
£1,110,788





6.


Debtors

2023
2022


Amounts owed by group undertakings
190,886
190,886

Other debtors
1,187,616
1,305,889

Tax recoverable
132,937
141,281

£1,511,439
£1,638,056


Page 5

 
STEPHEN LOWER INSURANCE SERVICES HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022

Corporation tax
4,240
3,954

Accruals and deferred income
14,309
5,200

£18,549
£9,154



8.


Related party transactions

During the year the company provided working capital funding totalling £634,582 (2022: £724,582) to IIS Holdings Limited. Mr P M Plews and Mrs S E Plews are directors and shareholders in both companies.
During the year the company provided working capital funding totalling £Nil (2022: £30,000) to IIS South East Limited. Mr P M Plews and Mrs S E Plews are directors and shareholders in both companies
During the year the company provided working capital funding totalling £512,860 (2022: £512,860) to Postscript Limited. Mr P M Plews and Mrs S E Plews are directors and shareholders in both companies
During the year the company provided working capital funding totalling £Nil (2022: £Nil) and charged interest of £Nil (2022: £15,219) to Quinn Patel Plews Limited. Mr P M Plews and Mrs S E Plews are directors and shareholders in both companies.


9.
Controlling party

Mr and Mrs Plews are the controlling party of the company by virtue of a combined interest of 100% (2022: 100%) of the issued share capital.


Page 6