Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08957029 2023-05-01 2024-04-30 08957029 2022-05-01 2023-04-30 08957029 2024-04-30 08957029 2023-04-30 08957029 c:Director1 2023-05-01 2024-04-30 08957029 d:Buildings 2023-05-01 2024-04-30 08957029 d:Buildings 2024-04-30 08957029 d:Buildings 2023-04-30 08957029 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08957029 d:CurrentFinancialInstruments 2024-04-30 08957029 d:CurrentFinancialInstruments 2023-04-30 08957029 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08957029 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08957029 d:ShareCapital 2024-04-30 08957029 d:ShareCapital 2023-04-30 08957029 d:SharePremium 2024-04-30 08957029 d:SharePremium 2023-04-30 08957029 d:RetainedEarningsAccumulatedLosses 2024-04-30 08957029 d:RetainedEarningsAccumulatedLosses 2023-04-30 08957029 c:FRS102 2023-05-01 2024-04-30 08957029 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08957029 c:FullAccounts 2023-05-01 2024-04-30 08957029 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08957029 2 2023-05-01 2024-04-30 08957029 6 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08957029










SPELMAN 2014 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SPELMAN 2014 LIMITED
REGISTERED NUMBER:08957029

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
493,240
502,916

Investments
 5 
1,000
1,000

  
494,240
503,916

Current assets
  

Debtors: amounts falling due within one year
 6 
372,910
640,396

Cash at bank and in hand
 7 
401,558
119,945

  
774,468
760,341

Creditors: amounts falling due within one year
 8 
(80,817)
(70,343)

Net current assets
  
 
 
693,651
 
 
689,998

Total assets less current liabilities
  
1,187,891
1,193,914

  

Net assets
  
1,187,891
1,193,914

Page 1

 
SPELMAN 2014 LIMITED
REGISTERED NUMBER:08957029
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
900
900

Profit and loss account
  
1,186,891
1,192,914

  
1,187,891
1,193,914


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 income statement 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: 




................................................
P M Spelman
Director

Date: 26 September 2024

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

Page 2

 
SPELMAN 2014 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Spelman Limited is a private company limited by shares and incorporated in England and Wales, registration number 08957029. The address of the registered office is Unit 162 Hellesdon Park Road, Drayton High Road, Norwich, Norfolk, NR6 5RD.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting polices applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Interest income

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

 
2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% Straight line

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

Page 3

 
SPELMAN 2014 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
SPELMAN 2014 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 May 2023
590,000



At 30 April 2024

590,000



Depreciation


At 1 May 2023
87,084


Charge for the year on owned assets
9,676



At 30 April 2024

96,760



Net book value



At 30 April 2024
493,240



At 30 April 2023
502,916

Included within freehold property at the year end was land to the value of £106,200 (2023: £106,200) Land is not depreciated. 
The cost of depreciable assets included in freehold property at 30 April 2024 was £483,800 (2023: £483,800).

Page 5

 
SPELMAN 2014 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Fixed asset investments





Investments
in
subsidiary
companies

£



Cost or valuation


At 1 May 2023
1,000



At 30 April 2024
1,000





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
372,910
639,981

Other debtors
-
415

372,910
640,396



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
401,558
119,945

401,558
119,945



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
79,476
69,002

Accruals and deferred income
1,341
1,341

80,817
70,343


Page 6

 
SPELMAN 2014 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Related party transactions

Included within other creditors at the year end was amounts due to Directors of £63,374 (2023: £54,002) which is interest free and repayable on demand. 
The company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group. 

 
Page 7