Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-010The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0falsetruetruefalse 04222595 2023-01-01 2023-12-31 04222595 2022-01-01 2022-12-31 04222595 2023-12-31 04222595 2022-12-31 04222595 c:Director3 2023-01-01 2023-12-31 04222595 d:CurrentFinancialInstruments 2023-12-31 04222595 d:CurrentFinancialInstruments 2022-12-31 04222595 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04222595 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04222595 d:ShareCapital 2023-12-31 04222595 d:ShareCapital 2022-12-31 04222595 d:RevaluationReserve 2023-01-01 2023-12-31 04222595 d:RevaluationReserve 2023-12-31 04222595 d:RevaluationReserve 2022-12-31 04222595 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04222595 d:RetainedEarningsAccumulatedLosses 2023-12-31 04222595 d:RetainedEarningsAccumulatedLosses 2022-12-31 04222595 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04222595 c:OrdinaryShareClass1 2023-12-31 04222595 c:OrdinaryShareClass1 2022-12-31 04222595 c:FRS102 2023-01-01 2023-12-31 04222595 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04222595 c:FullAccounts 2023-01-01 2023-12-31 04222595 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04222595 6 2023-01-01 2023-12-31 04222595 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04222595










LOCKWOOD INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LOCKWOOD INVESTMENTS LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2
Notes to the Financial Statements
 
 
3 - 5


 
LOCKWOOD INVESTMENTS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LOCKWOOD INVESTMENTS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lockwood Investments Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Lockwood Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Lockwood Investments Limited and state those matters that we have agreed to state to the Board of Directors of Lockwood Investments Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lockwood Investments Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Lockwood Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lockwood Investments Limited. You consider that Lockwood Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lockwood Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  

BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
19 September 2024
Page 1

 
LOCKWOOD INVESTMENTS LIMITED
REGISTERED NUMBER: 04222595

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

FIXED ASSETS
  

Investments
 3 
1,099,000
55,000

  

Creditors: amounts falling due within one year
 4 
(70,340)
(63,613)

NET CURRENT LIABILITIES
  
 
 
(70,340)
 
 
(63,613)

  

NET ASSETS/(LIABILITIES)
  
1,028,660
(8,613)


CAPITAL AND RESERVES
  

Called up share capital 
 5 
7
7

Revaluation reserve
 6 
1,044,000
-

Profit and loss account
 6 
(15,347)
(8,620)

  
1,028,660
(8,613)


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 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 19 September 2024.



OAK DIRECTORS LIMITED
Director

Page 2

 
LOCKWOOD INVESTMENTS LIMITED
 

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

1.ACCOUNTING POLICIES

 
1.1

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 (see note 2).

The following principal accounting policies have been applied:

 
1.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
1.3

VALUATION OF INVESTMENTS

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 Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
1.4

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.

Page 3

 
LOCKWOOD INVESTMENTS LIMITED
 

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

2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised affects only that period or in the period of the revision affects both current and future periods.


3.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 January 2023
55,000


Revaluations
1,044,000



At 31 December 2023
1,099,000





4.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other creditors
69,470
62,833

Accruals and deferred income
870
780

70,340
63,613



5.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



7 (2022 - 7) Ordinary shares of £1.00 each
7
7


Page 4

 
LOCKWOOD INVESTMENTS LIMITED
 

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

6.


RESERVES

Revaluation reserve

This includes revaluations of the investment in subidiary undertakings and is an undistributable reserve.

Profit and loss account

This includes all current and prior period retained profit and losses.

Page 5