Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310falsefalse62023-05-02truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14840748 2023-05-01 14840748 2023-05-02 2023-12-31 14840748 2022-05-02 2023-05-01 14840748 2023-12-31 14840748 c:Director1 2023-05-02 2023-12-31 14840748 d:FurnitureFittings 2023-05-02 2023-12-31 14840748 d:OtherPropertyPlantEquipment 2023-05-02 2023-12-31 14840748 d:OtherPropertyPlantEquipment 2023-12-31 14840748 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-02 2023-12-31 14840748 d:CurrentFinancialInstruments 2023-12-31 14840748 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14840748 d:ShareCapital 2023-12-31 14840748 d:RetainedEarningsAccumulatedLosses 2023-12-31 14840748 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14840748 c:OrdinaryShareClass1 2023-05-02 2023-12-31 14840748 c:OrdinaryShareClass1 2023-12-31 14840748 c:FRS102 2023-05-02 2023-12-31 14840748 c:AuditExempt-NoAccountantsReport 2023-05-02 2023-12-31 14840748 c:FullAccounts 2023-05-02 2023-12-31 14840748 c:PrivateLimitedCompanyLtd 2023-05-02 2023-12-31 14840748 2 2023-05-02 2023-12-31 14840748 e:PoundSterling 2023-05-02 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14840748









SCOTCH HILL LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
SCOTCH HILL LTD
REGISTERED NUMBER: 14840748

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
597

Current assets
  

Stocks
  
1,040

Debtors: amounts falling due within one year
 5 
44,596

Cash at bank
  
595,907

  
641,543

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(547,018)

Net current assets
  
 
 
94,525

Total assets less current liabilities
  
95,122

Provisions for liabilities
  

Deferred tax
 7 
(149)

Net assets
  
94,973


Capital and reserves
  

Called up share capital 
 8 
120

Profit and loss account
  
94,853

  
94,973


Page 1

 
SCOTCH HILL LTD
REGISTERED NUMBER: 14840748

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 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 by: 






Mr J R Harrold
Director


Date: 26 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SCOTCH HILL LTD
 

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

1.


General information

Scotch Hill Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Sunclose Farm, Butt Lane, Milton, Cambridge, CB24 6DQ. This Company is not apart of a group.

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 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

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

Interest income

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

Page 3

 
SCOTCH HILL LTD
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period 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 corporation 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.

 
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:

Fixtures and fittings
-
15%
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.

 
2.6

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 balance sheet 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.

Page 4

 
SCOTCH HILL LTD
 

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

2.Accounting policies (continued)

 
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.

 
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.


3.


Employees



The average monthly number of employees, including directors, during the period was 6.

Page 5

 
SCOTCH HILL LTD
 

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

4.


Tangible fixed assets





Other fixed assets

£



Cost 


Additions
703



At 31 December 2023

703



Depreciation


Charge for the period on owned assets
106



At 31 December 2023

106



Net book value



At 31 December 2023
597


5.


Debtors

2023
£


Other debtors
44,206

Called up share capital not paid
120

Prepayments
270

44,596



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
66

Corporation tax
30,627

Other taxation and social security
78,583

Other creditors
16,142

Accruals and deferred income
421,600

547,018


Page 6

 
SCOTCH HILL LTD
 

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

7.


Deferred taxation



2023


£






Charged to profit or loss
(149)



At end of period
(149)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(149)


8.


Share capital

2023
£
Allotted, called up and partly paid


120 Ordinary shares of £1.00 each
120



9.


Related party transactions

During the period the Company operated loans with the directors of the Company. The amount payable to the directors by the Company at the period end was £53. These loans are interest free and repayable on demand.
During the period, the Company operated loans with Harrold Fruit Farming Limited, a Company under common control. The amount payable from Harrold Fruit Farming Limited at the period end was £44,206. This loan is interest free and repayable on demand.


Page 7