Caseware UK (AP4) 2023.0.135 2023.0.135 12023-01-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12337395 2023-01-01 2023-12-31 12337395 2022-01-01 2022-12-31 12337395 2023-12-31 12337395 2022-12-31 12337395 c:Director1 2023-01-01 2023-12-31 12337395 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 12337395 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 12337395 d:Goodwill 2023-12-31 12337395 d:Goodwill 2022-12-31 12337395 d:CurrentFinancialInstruments 2023-12-31 12337395 d:CurrentFinancialInstruments 2022-12-31 12337395 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12337395 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12337395 d:ShareCapital 2023-12-31 12337395 d:ShareCapital 2022-12-31 12337395 d:RetainedEarningsAccumulatedLosses 2023-12-31 12337395 d:RetainedEarningsAccumulatedLosses 2022-12-31 12337395 c:FRS102 2023-01-01 2023-12-31 12337395 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12337395 c:FullAccounts 2023-01-01 2023-12-31 12337395 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12337395 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 12337395 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 12337395 6 2023-01-01 2023-12-31 12337395 d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 12337395 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12337395 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12337395













Reeves Group Holdings Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Reeves Group Holdings Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,255,541
1,812,500

Investments
 5 
364,638
343,082

  
3,620,179
2,155,582

Current assets
  

Debtors: amounts falling due within one year
 6 
-
3,283

Bank and cash balances
  
197
231

  
197
3,514

Creditors: amounts falling due within one year
 7 
(3,973,697)
(2,103,114)

Net current liabilities
  
 
 
(3,973,500)
 
 
(2,099,600)

Total assets less current liabilities
  
(353,321)
55,982

  

Net (liabilities)/assets
  
(353,321)
55,982


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(353,421)
55,882

Shareholder's funds
  
(353,321)
55,982


1

 
Reeves Group Holdings Limited

    
Balance sheet (continued)
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 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 18 September 2024.




N Reeves
Director

Company registered number: 12337395
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Reeves Group Holdings Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The registered office is 2nd Floor, Park View House, Front Street, Benton, Newcastle upon Tyne, NE7 7TZ.

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

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 comprehensive income over its useful economic life.
Other intangible assets
Other intangible assets are initially recognised at cost, and represent client databases which have been acquired. 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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

 
Reeves Group Holdings Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Intangible assets




Other intangible assets
Goodwill
Total

£
£
£



Cost


At 1 January 2023
-
2,500,000
2,500,000


Additions
1,764,991
-
1,764,991



At 31 December 2023

1,764,991
2,500,000
4,264,991



Amortisation


At 1 January 2023
-
687,500
687,500


Charge for the year
71,950
250,000
321,950



At 31 December 2023

71,950
937,500
1,009,450



Net book value



At 31 December 2023
1,693,041
1,562,500
3,255,541



At 31 December 2022
-
1,812,500
1,812,500




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
343,082


Additions
21,556



At 31 December 2023
364,638




4

 
Reeves Group Holdings Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
-
3,283

-
3,283



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,325,315
1,592,260

Other creditors (incl directors loans)
1,645,702
505,574

Accruals and deferred income
2,680
5,280

3,973,697
2,103,114


5

 
Reeves Group Holdings Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

8.


Related party transactions

During the year, the company used a loan account to record amounts due to and from the directors. At the year end, the balance owed by the company to the directors was £468,047 (2022 - £356,538). This loan is unsecured, interest free and no fixed terms of repayment have been agreed. 
During the year, the company used a loan account to record amounts due to and from companies in the group. At the year end, the following balances were owed by the company. The loans are unsecured, interest free and no fixed terms of repayment have been agreed.

2023
2022
£
£



Reeves Independent Limited
(2,076,123)
(1,591,960)

Reeves Independent (Acquisitions) Limited
(100)
(100)

Reeves Business Services Limited
(100)
(100)

Reeves Investment Services Limited
(100)
(100)

Reeves Financial Services Limited
(248,792)
-

Reeves Independent Property Limited
(100)
-

(2,325,315)
(1,592,260)

 
6