Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-02-011No description of principal activity1true 10289851 2023-02-01 2024-01-31 10289851 2022-02-01 2023-01-31 10289851 2024-01-31 10289851 2023-01-31 10289851 c:Director1 2023-02-01 2024-01-31 10289851 d:CurrentFinancialInstruments 2024-01-31 10289851 d:CurrentFinancialInstruments 2023-01-31 10289851 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10289851 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10289851 d:ShareCapital 2024-01-31 10289851 d:ShareCapital 2023-01-31 10289851 d:RetainedEarningsAccumulatedLosses 2024-01-31 10289851 d:RetainedEarningsAccumulatedLosses 2023-01-31 10289851 c:FRS102 2023-02-01 2024-01-31 10289851 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10289851 c:FullAccounts 2023-02-01 2024-01-31 10289851 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10289851 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 10289851









HUDSWELL INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
HUDSWELL INVESTMENTS LTD
REGISTERED NUMBER: 10289851

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
221
-

Current asset investments
 6 
832,710
788,017

Cash at bank and in hand
 7 
188
187

  
833,119
788,204

Creditors: amounts falling due within one year
 8 
(750,325)
(747,919)

Net current assets
  
 
 
82,794
 
 
40,285

Total assets less current liabilities
  
82,794
40,285

  

Net assets
  
82,794
40,285


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
82,793
40,284

  
82,794
40,285


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 profit and loss account 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: 




Mr T Hutchcraft
Director

Page 1

 
HUDSWELL INVESTMENTS LTD
REGISTERED NUMBER: 10289851
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Date: 10 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HUDSWELL INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Hudswell Investments Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 10289851. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY

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

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.

 
2.3

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.

 
2.4

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.

 
2.5

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.
Investments in non-derivative instruments that are equity to the issuer are measured:
    - at fair value with changes recognised in the Profit and Loss Account if the shares are publicly
      traded or their fair value can otherwise be measured reliably; 
    - at cost less impairment for all other investments.

Page 3

 
HUDSWELL INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.


Taxation

No charge to tax arises on the current year book profits as the increase in the market value of the investment portfolio is outside the scope of UK corporation tax as an unrealised gain.
Subject to the agreement of HM Revenue and Customs there are unrelieved losses available to carry forward against the same trade of approximately £72,161.







5.


Debtors

2024
2023
£
£


Prepayments and accrued income
221
-

221
-



6.


Current asset investments

2024
2023
£
£

Listed investments
832,710
788,017

832,710
788,017


Listed investments are non-convertible ordinary shares listed on the London Stock Exchange measured at fair value through profit or loss. At the balance sheet date, the quoted market price amounted to £832,710 (2023: £788,017).


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
188
187

188
187


Page 4

 
HUDSWELL INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
748,825
742,699

Accruals and deferred income
1,500
5,220

750,325
747,919



9.


Related party transactions

lncluded in other creditors at the balance sheet date is an amount of £748,825 (2023: £742,699) due to an entity owned and controlled by the director. The amount is in respect of amounts advanced to the company and expenses borne by that entity on behalf of the company. This amount is unsecured, interest free and repayable on demand.

 
Page 5