Company registration number 00221528 (England and Wales)
THOMAS ROBERTS (WESTMINSTER) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
THOMAS ROBERTS (WESTMINSTER) LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 12
THOMAS ROBERTS (WESTMINSTER) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
6
61,726
47,049
Investment property
7
9,730,000
11,080,000
Investments
8
-
0
2
9,791,726
11,127,051
Current assets
Debtors
9
208,595
202,557
Cash at bank and in hand
497,134
372,772
705,729
575,329
Creditors: amounts falling due within one year
10
(231,109)
(1,367,131)
Net current assets/(liabilities)
474,620
(791,802)
Total assets less current liabilities
10,266,346
10,335,249
Provisions for liabilities
Defined benefit pension liability
5,190,000
6,982,500
(5,190,000)
(6,982,500)
Net assets
5,076,346
3,352,749
Capital and reserves
Called up share capital
12
168,594
168,594
Share premium account
13
4,313,908
4,313,908
Capital redemption reserve
14
1,200,000
1,200,000
Profit and loss reserves
15
(606,156)
(2,329,753)
Total equity
5,076,346
3,352,749

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
J Roberts (Chairman)
J Coninx
Director
Director
Company Registration No. 00221528
THOMAS ROBERTS (WESTMINSTER) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 April 2022
168,594
4,313,908
1,200,000
(8,595,237)
(2,912,735)
Year ended 31 March 2023:
Profit for the year
-
-
-
422,984
422,984
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
-
7,910,000
7,910,000
Tax relating to other comprehensive income
-
-
-
(2,067,500)
(2,067,500)
Total comprehensive income for the year
-
-
-
6,265,484
6,265,484
Balance at 31 March 2023
168,594
4,313,908
1,200,000
(2,329,753)
3,352,749
Year ended 31 March 2024:
Profit for the year
-
-
-
331,097
331,097
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
-
1,990,000
1,990,000
Tax relating to other comprehensive income
-
-
-
(597,500)
(597,500)
Total comprehensive income for the year
-
-
-
1,723,597
1,723,597
Balance at 31 March 2024
168,594
4,313,908
1,200,000
(606,156)
5,076,346
THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Thomas Roberts (Westminster) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Athenia House, 10-14 Andover Road, Winchester, Hampshire, United Kingdom, SO23 7BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

In considering the appropriateness of the going concern basis the Board have reviewed the key risks and uncertainties to which they believe the company is exposed, the Company’s ongoing financial commitments and the availability of sufficient resources for the next twelve months and beyond. As a result of this, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have satisfied themselves that it is appropriate to prepare these statements on a going concern basis.true

1.3
Turnover

Turnover consists of management charges receivable for the provision of management services to fellow subsidiary and related party undertakings within the United Kingdom, therefore no further segmental analysis is provided. Income is recognised on delivery of the various services.

 

Other operating income comprises rental from external customers, excluding value added tax. Rental income is included in the financial statements on the date it is receivable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Computers
20-25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice.

 

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

 

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -
1.15

Cash flow statement

The Company has taken advantage of the exemptions provided under Financial Reporting Standard 102 Section 7 not to present a cash flow statement as the company is entitled to the exemptions available for small entities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Pension benefits

The Company has obligations to pay pension benefits to certain individuals. The calculation of the net defined pension liability is dependent on a number of factors including: life expectancy, inflation, and the discount rate on corporate bonds. The Company estimates these factors in determining the net pension liability in the balance sheet based on advice from professional advisors. The assumptions reflect historical experience and current trends.

Investment property valuation

Investment properties are valued at fair value annually. This has been carried out as at 31 March 2024 by an external valuer in accordance with the requirements of the RICS Valuation – Professional Standards 2014 and the directors deem this appropriate.

3
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
13,677
13,150
For other services
Taxation compliance services
2,075
1,873
All other non-audit services
21,996
-
0
24,071
1,873
THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Group activities and administration
5
5
5
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
222,022
222,650
Remuneration disclosed above include the following amounts paid to the highest paid director:
2024
2023
£
£
Remuneration for qualifying services
200,391
201,019

During the year company pension contributions of £7,500 (2023: £6,925) were paid to a Group Personal Pension Scheme on behalf of 1 (2023: 1) director

6
Tangible fixed assets
Freehold land and buildings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
76,302
74,601
116,169
267,072
Additions
-
0
2,236
97,670
99,906
Disposals
-
0
-
0
(105,895)
(105,895)
At 31 March 2024
76,302
76,837
107,944
261,083
Depreciation and impairment
At 1 April 2023
61,037
71,767
87,219
220,023
Depreciation charged in the year
1,426
1,683
11,206
14,315
Eliminated in respect of disposals
-
0
-
0
(34,981)
(34,981)
At 31 March 2024
62,463
73,450
63,444
199,357
Carrying amount
At 31 March 2024
13,839
3,387
44,500
61,726
At 31 March 2023
15,265
2,834
28,950
47,049
THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
7
Investment property
2024
£
Fair value
At 1 April 2023
11,080,000
Disposals
(995,000)
Net gains or losses through fair value adjustments
(355,000)
At 31 March 2024
9,730,000

The Company’s investment properties were valued on 31 March 2024 by Montagu Evans LLP, who have acted as an external valuer.

 

The valuations accord with the requirements of the RICS Valuation – Professional Standards 2014. The valuation of each property was on the basis of fair value.

 

The directors have included the investment properties at the values included in the valuation report. Based on the sectors in which the lessors of the investment properties operate and the rental collection subsequent to the year end, the directors consider the valuations at 31 March 2024 to be at fair value.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2024
2023
£
£
Cost
9,683,103
10,560,522
8
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
-
0
2
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2023
2
Disposals
(2)
At 31 March 2024
-
Carrying amount
At 31 March 2024
-
At 31 March 2023
2
THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
9
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
180,037
158,502
Prepayments and accrued income
28,558
44,055
208,595
202,557
10
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,518
3,246
Corporation tax
58,564
42,057
Other taxation and social security
18,456
27,060
Other creditors
1,474
1,150,000
Accruals and deferred income
147,097
144,768
231,109
1,367,131
11
Deferred taxation

A deferred tax asset of £1,730,000 (2023: £2,327,500) has been recognised in respect of the defined benefit pension liability.This has been deducted from the defined benefit pension liability as disclosed in note 17.

 

The movement of £597,500 (2023: £2,067,500) has been debited to other comprehensive income.

 

A further deferred tax asset has not been recognised in respect of timing differences relating primarily to capital losses as there is insufficient evidence that the asset will be recovered. The amount of the asset not recognised is £TBC (2023: £189,854). The asset would be recovered if the Company makes sufficient future chargeable gains. The deferred tax asset has been calculated at 25% (2023: 25%) in line with the rates applicable.

12
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
168,594
168,594
168,594
168,594

The Company has one class of ordinary shares which carry no right to fixed income.

13
Share premium account

The share premium reserve contains the premium arising on issue of equity shares, net of issue expenses.

 

 

THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
14
Capital redemption reserve

The capital redemption reserve represents the nominal value of 1,200,000 8% cumulative preference shares purchased by the company on 7 June 1999. This amount has been transferred from the Company’s distributable reserves.

 

15
Profit and loss reserves

The profit and loss reserve represents cumulative profits or losses, including unrealised profit on the revaluation of investment properties, net of dividends paid and other adjustments.

 

Included within profit and loss reserves are non-distributable profits, as set out below:

 

Unrealised revaluation gain on investment property £419,600 (2023: £519,478) that are not distributable to shareholders until such gains are realised.

16
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Jon Noble
Statutory Auditor:
Azets Audit Services
17
Financial commitments, guarantees and contingent liabilities

Under a group registration the company is jointly and severally liable for value added tax due by other companies. At 31 March 2024, the contingent liability amounted to £121,497 (2023: £166,461).

18
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
38,375
38,375
Between two and five years
38,375
76,750
76,750
115,125
Lessor
THOMAS ROBERTS (WESTMINSTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18
Operating lease commitments
(Continued)
- 12 -

The Company leases out its investment properties for rental purposes. The Company has classified these leases as operating leases, because they do not transfer substantially all of the risks and rewards incidental to the ownership of the assets. The note below sets out a maturity analysis of the lease payments, showing the undiscounted lease payments to be received after the reporting date. All operating leases contain market review clauses in the event that the lessee operates its option to renew. The lessee does not have the option to purchase the property at the expiry of the lease.

2024
2023
£
£
Within one year
660,956
690,628
Between two and five years
1,528,723
1,949,666
In over five years
320,237
554,408
2,509,916
3,194,702
19
Related party transactions

During the year, the following transactions took place with companies within the group headed by Thomas Roberts Estates Limited:

 

The Company received a loan previously from Burt Boulton Holdings Limited, the parent company of Thomas Roberts (Westminster) Limited. The loan is provided interest free and is repayable on demand. The amount remaining outstanding at 31 March 2024 is £nil (2023: £1,150,000).

 

The Company charged management fees to Burt Boulton Holdings Limited amounting to £1,400,000 (2023: £1,400,000).

 

The Company charged management fees to Thomas Roberts Estates Limited amounting to £54,525 (2023: £54,863).

 

During the year, the following transactions took place with connected companies under common control:

The company acquired goods from Thomas Roberts Limited amounting to £3,982 (2023: £3,260).

20
Ultimate controlling party

The ultimate parent company is Thomas Roberts Estates Limited, which is incorporated in Great Britain. Copies of the financial statements of the ultimate parent company can be obtained from Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ. Thomas Roberts Estates Limited has taken the exemption from producing group financial statements afforded by section 399 of the Companies Act 2006 because of the size of the group.

 

The immediate parent company is Burt Boulton Holdings Limited, which is incorporated in Great Britain. Copies of the financial statements of the immediate parent company can be obtained from Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ.

The company’s ultimate controlling party is Mr J Roberts.

2024-03-312023-04-01false03 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedJ Roberts (Chairman)C LowreyJ ConinxJ WoodG Hemmingsfalsefalse002215282023-04-012024-03-31002215282024-03-31002215282023-03-3100221528core:LandBuildingscore:OwnedOrFreeholdAssets2024-03-3100221528core:ComputerEquipment2024-03-3100221528core:MotorVehicles2024-03-3100221528core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3100221528core:ComputerEquipment2023-03-3100221528core:MotorVehicles2023-03-3100221528core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3100221528core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3100221528core:CurrentFinancialInstruments2024-03-3100221528core:CurrentFinancialInstruments2023-03-3100221528core:ShareCapital2024-03-3100221528core:ShareCapital2023-03-3100221528core:SharePremium2024-03-3100221528core:SharePremium2023-03-3100221528core:CapitalRedemptionReserve2024-03-3100221528core:CapitalRedemptionReserve2023-03-3100221528core:RetainedEarningsAccumulatedLosses2024-03-3100221528core:RetainedEarningsAccumulatedLosses2023-03-3100221528core:ShareCapital2022-03-3100221528core:SharePremium2022-03-3100221528core:CapitalRedemptionReserve2022-03-3100221528core:RetainedEarningsAccumulatedLosses2022-03-3100221528bus:Director12023-04-012024-03-3100221528bus:Director32023-04-012024-03-3100221528core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31002215282022-04-012023-03-3100221528core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3100221528core:RevenueReservesInvestmentFundsOnly2022-04-012023-03-3100221528core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-012024-03-3100221528core:ComputerEquipment2023-04-012024-03-3100221528core:MotorVehicles2023-04-012024-03-3100221528core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3100221528core:ComputerEquipment2023-03-3100221528core:MotorVehicles2023-03-31002215282023-03-3100221528core:Non-currentFinancialInstruments2024-03-3100221528core:Non-currentFinancialInstruments2023-03-3100221528core:WithinOneYear2024-03-3100221528core:WithinOneYear2023-03-3100221528core:BetweenTwoFiveYears2024-03-3100221528core:BetweenTwoFiveYears2023-03-3100221528core:MoreThanFiveYears2024-03-3100221528core:MoreThanFiveYears2023-03-3100221528bus:PrivateLimitedCompanyLtd2023-04-012024-03-3100221528bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100221528bus:FRS1022023-04-012024-03-3100221528bus:Audited2023-04-012024-03-3100221528bus:Director22023-04-012024-03-3100221528bus:Director42023-04-012024-03-3100221528bus:CompanySecretary12023-04-012024-03-3100221528bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP