Caseware UK (AP4) 2023.0.135 2023.0.135 false15false2023-04-01No description of principal activity15truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04566898 2023-04-01 2024-03-31 04566898 2022-04-01 2023-03-31 04566898 2024-03-31 04566898 2023-03-31 04566898 c:Director2 2023-04-01 2024-03-31 04566898 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 04566898 d:Buildings d:LongLeaseholdAssets 2024-03-31 04566898 d:Buildings d:LongLeaseholdAssets 2023-03-31 04566898 d:MotorVehicles 2023-04-01 2024-03-31 04566898 d:FurnitureFittings 2023-04-01 2024-03-31 04566898 d:FurnitureFittings 2024-03-31 04566898 d:FurnitureFittings 2023-03-31 04566898 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04566898 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04566898 d:Goodwill 2023-04-01 2024-03-31 04566898 d:Goodwill 2024-03-31 04566898 d:Goodwill 2023-03-31 04566898 d:ComputerSoftware 2024-03-31 04566898 d:ComputerSoftware 2023-03-31 04566898 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 04566898 d:CurrentFinancialInstruments 2024-03-31 04566898 d:CurrentFinancialInstruments 2023-03-31 04566898 d:Non-currentFinancialInstruments 2024-03-31 04566898 d:Non-currentFinancialInstruments 2023-03-31 04566898 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04566898 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04566898 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04566898 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04566898 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04566898 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04566898 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04566898 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04566898 d:ShareCapital 2024-03-31 04566898 d:ShareCapital 2023-03-31 04566898 d:CapitalRedemptionReserve 2024-03-31 04566898 d:CapitalRedemptionReserve 2023-03-31 04566898 d:RetainedEarningsAccumulatedLosses 2024-03-31 04566898 d:RetainedEarningsAccumulatedLosses 2023-03-31 04566898 c:FRS102 2023-04-01 2024-03-31 04566898 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04566898 c:FullAccounts 2023-04-01 2024-03-31 04566898 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04566898 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04566898 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04566898 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 04566898 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 04566898 d:RetirementBenefitObligationsDeferredTax 2024-03-31 04566898 d:RetirementBenefitObligationsDeferredTax 2023-03-31 04566898 2 2023-04-01 2024-03-31 04566898 6 2023-04-01 2024-03-31 04566898 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04566898










ANDREW LODGE LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
ANDREW LODGE LIMITED
Registered number: 04566898

Statement of Financial Position
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
6,734
4,884

Investments
 6 
-
9,154

  
6,734
14,038

Current assets
  

Debtors: amounts falling due within one year
 7 
8,425
35,937

Cash at bank and in hand
  
265,198
290,292

  
273,623
326,229

Creditors: amounts falling due within one year
 8 
(71,144)
(109,222)

Net current assets
  
 
 
202,479
 
 
217,007

Total assets less current liabilities
  
209,213
231,045

Creditors: amounts falling due after more than one year
 9 
(19,083)
(28,624)

Provisions for liabilities
  

Deferred tax
 11 
-
(740)

  
 
 
-
 
 
(740)

Net assets
  
190,130
201,681


Capital and reserves
  

Called up share capital 
  
740
740

Capital redemption reserve
  
260
260

Profit and loss account
  
189,130
200,681

  
190,130
201,681


Page 1

 
ANDREW LODGE LIMITED
Registered number: 04566898
    
Statement of Financial Position (continued)
As at 31 March 2024

The director considers 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 director acknowledges his 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 12 September 2024.




G S P Walters
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Andrew Lodge Limited (registered number 04566898) is private company, limited by shares and
incorporated in England and Wales. Its registered office is Wey Court West, Union Road, Farnham,
Surrey, GU9 7PT.

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

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.

Page 3

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.3

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 Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
20
years
Website costs
-
6
years

 
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:

Long-term leasehold property
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
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.

Page 4

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting 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

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.

 
2.8

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.

 
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

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.

 
2.11

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 5

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Interest income

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

 
2.15

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.16

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.

Page 6

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.17

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 reporting 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 reporting 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 reporting date.

 
2.18

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 15 (2023 - 15).

Page 7

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 April 2023
9,890
320,000
329,890



At 31 March 2024

9,890
320,000
329,890



Amortisation


At 1 April 2023
9,890
320,000
329,890



At 31 March 2024

9,890
320,000
329,890



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
-
-
-



Page 8

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
33,556
36,816
70,372


Additions
-
3,682
3,682



At 31 March 2024

33,556
40,498
74,054



Depreciation


At 1 April 2023
33,387
32,101
65,488


Charge for the year on owned assets
42
1,790
1,832



At 31 March 2024

33,429
33,891
67,320



Net book value



At 31 March 2024
127
6,607
6,734



At 31 March 2023
169
4,715
4,884

Page 9

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Fixed asset investments





Listed investments

£





At 1 April 2023
9,154


Disposals
(9,154)



At 31 March 2024
-




On 9 February 2018, the £1,000 loan notes held by the company in Agents Mutual Ltd were converted to 606 ordinary shares of £0.02 in OnTheMarket PLC. On 12 September 2017 the company aquired 12,566 ordinary shares of £0.02 in OnTheMarket PLC. The shares were sold in December 2023.

Page 10

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

7.


Debtors

2024
2023
£
£


Trade debtors
5,580
33,192

Prepayments and accrued income
2,845
2,745

8,425
35,937



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
8,362
8,974

Amounts owed to group undertakings
182
-

Corporation tax
-
30,796

Other taxation and social security
25,491
32,513

Other creditors
24,234
24,064

Accruals and deferred income
2,875
2,875

71,144
109,222



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
19,083
28,624

19,083
28,624


Page 11

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
19,083
20,000


19,083
20,000

Amounts falling due 2-5 years

Bank loans
-
8,624


-
8,624


29,083
38,624



11.


Deferred taxation




2024


£






At beginning of year
(740)


Charged to profit or loss
740



At end of year
-

Page 12

 
ANDREW LODGE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024
 
11.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
145
(655)

Tax losses carried forward
(42)
-

Pension surplus
(103)
(85)

-
(740)


12.


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 £7,073 (2023: £7,024). At
balance sheet date pension payable is £1,089 (2023 : £919).


13.


Controlling party

The immediate parent company is Grant Spencer Holdings Limited, a company incorporated in England and Wales. The company is part of a small group.

 
Page 13