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. 09917874 2023-01-01 2023-12-31 09917874 2022-01-01 2022-12-31 09917874 2023-12-31 09917874 2022-12-31 09917874 c:Director1 2023-01-01 2023-12-31 09917874 d:PlantMachinery 2023-01-01 2023-12-31 09917874 d:PlantMachinery 2023-12-31 09917874 d:PlantMachinery 2022-12-31 09917874 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09917874 d:OfficeEquipment 2023-01-01 2023-12-31 09917874 d:OfficeEquipment 2023-12-31 09917874 d:OfficeEquipment 2022-12-31 09917874 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09917874 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09917874 d:OtherPropertyPlantEquipment 2023-12-31 09917874 d:OtherPropertyPlantEquipment 2022-12-31 09917874 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09917874 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09917874 d:CurrentFinancialInstruments 2023-12-31 09917874 d:CurrentFinancialInstruments 2022-12-31 09917874 d:Non-currentFinancialInstruments 2023-12-31 09917874 d:Non-currentFinancialInstruments 2022-12-31 09917874 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09917874 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09917874 d:ShareCapital 2023-12-31 09917874 d:ShareCapital 2022-12-31 09917874 d:RetainedEarningsAccumulatedLosses 2023-12-31 09917874 d:RetainedEarningsAccumulatedLosses 2022-12-31 09917874 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09917874 c:OrdinaryShareClass1 2023-12-31 09917874 c:OrdinaryShareClass1 2022-12-31 09917874 c:OrdinaryShareClass2 2023-01-01 2023-12-31 09917874 c:OrdinaryShareClass2 2023-12-31 09917874 c:OrdinaryShareClass2 2022-12-31 09917874 c:FRS102 2023-01-01 2023-12-31 09917874 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09917874 c:FullAccounts 2023-01-01 2023-12-31 09917874 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09917874 2 2023-01-01 2023-12-31 09917874 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09917874










CHARLESWORTH STEWART LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CHARLESWORTH STEWART LIMITED
REGISTERED NUMBER: 09917874

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
38,318
-

Fixed asset investments
  
12,194
10,694

  
50,512
10,694

Current assets
  

Debtors: amounts falling due after more than one year
 6 
2,460,567
2,340,106

Debtors: amounts falling due within one year
 6 
165,485
21,341

Cash at bank and in hand
 7 
295,392
519,011

  
2,921,444
2,880,458

Creditors: amounts falling due within one year
 8 
(32,662)
(32,363)

Net current assets
  
 
 
2,888,782
 
 
2,848,095

Total assets less current liabilities
  
2,939,294
2,858,789

Provisions for liabilities
  

Deferred tax
  
(4,547)
-

  
 
 
(4,547)
 
 
-

Net assets
  
2,934,747
2,858,789


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
2,934,647
2,858,689

  
2,934,747
2,858,789


Page 1

 
CHARLESWORTH STEWART LIMITED
REGISTERED NUMBER: 09917874
    
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 profit and loss account 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: 




................................................
James Robert Stewart
Director

Date: 24 September 2024

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

Page 2

 
CHARLESWORTH STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Charlesworth Stewart Limited, is a private limited company, limited by shares, incorporated in England and Wales, with its registered office at Stamford Heath Farm, Stamford Lane, Cotton Edmunds, Chester, CH3 7QD.

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 Section 1A of 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Interest income

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

 
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 balance sheet 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 balance sheet 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 balance sheet date.

Page 3

 
CHARLESWORTH STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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
-
20% reducing balance
Office equipment
-
20% reducing balance
Property improvements
-
no depreciation

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.

 
2.6

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

 
2.7

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.

 
2.8

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.

Page 4

 
CHARLESWORTH STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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 recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold
Page 5

 
CHARLESWORTH STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
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 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Property improvements
Total

£
£
£
£



Cost or valuation


Additions
11,498
15,567
16,666
43,731



At 31 December 2023

11,498
15,567
16,666
43,731



Depreciation


Charge for the year on owned assets
2,300
3,113
-
5,413



At 31 December 2023

2,300
3,113
-
5,413



Net book value



At 31 December 2023
9,198
12,454
16,666
38,318



At 31 December 2022
-
-
-
-

Page 6

 
CHARLESWORTH STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
10,694


Additions
1,500



At 31 December 2023
12,194





6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
2,460,567
2,340,106

2,460,567
2,340,106


2023
2022
£
£

Due within one year

Other debtors
165,485
21,341

165,485
21,341



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
295,392
519,011

295,392
519,011


Page 7

 
CHARLESWORTH STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
29,648
30,803

Other creditors
-
130

Accruals and deferred income
3,014
1,430

32,662
32,363



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50

100

100



10.


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 £40,000 (2022 - £40,000).


11.


Related party transactions

Included within other debtors due in more than one year is a loan to Jenny Bidco Ltd, which has a mutual director, of £2,460,567 (2022: £2,340,106).

 
Page 8